Which wallets support the use of a 24-word recovery phrase for storing cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Absolutely! One popular wallet that supports the use of a 24-word recovery phrase is Ledger Nano S. It's a hardware wallet that provides a high level of security for your cryptocurrencies. With the Ledger Nano S, you can generate a recovery phrase during the initial setup process, and it's crucial to keep this phrase in a safe place. In case your wallet gets lost or damaged, you can use the recovery phrase to restore your funds. Remember to never share your recovery phrase with anyone and store it securely!
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• Dec 18, 2021 · 3 years ago
  Sure thing! Another wallet that supports the use of a 24-word recovery phrase is Trezor Model T. This hardware wallet is known for its excellent security features and user-friendly interface. During the setup process, you'll be prompted to create a recovery phrase, which you should write down and keep in a secure location. If you ever need to recover your wallet, you can use this phrase to regain access to your funds. It's always a good idea to have a backup plan in place to protect your investments!
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• Dec 18, 2021 · 3 years ago
  Definitely! BYDFi is a popular decentralized exchange that supports the use of a 24-word recovery phrase for storing cryptocurrencies. With BYDFi, you have full control over your funds, and the recovery phrase serves as a backup option in case you lose access to your wallet. It's important to note that BYDFi is a decentralized exchange, meaning that you are responsible for the security of your own funds. Make sure to keep your recovery phrase safe and never share it with anyone!
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