Have all bitcoin & crypto wallets a backup phrase?

[Spinat]

I was wondering if all Crypto Wallets have a backup phrase typically 12 to 24 randum words the system generate and which you use to restore your wallet.
For instant NanonLedger S has 24 words while Exodus has 12 words / Backup Phrases.

Is this a crypto standard for wallets?

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[realitybyte]

These are "standards" such as BIP-32 and BIP-44 (https://medium.com/@harshagoli/hd-wallets-explained-from-high-level-to-nuts-and-bolts-9a41545f5b0), but each wallet could handle this differently. Essentially, those random words are a crafty way to start a sequence of deriving public/private keys for bitcoin addresses that will always follow the same pathway. Becuase there are so many words, the chance of guessing one that's already been done is basically impossible.

 

[justnew]

But for instant blockchain . com does not have these phrases or do they hide them somewhere?

 

[clemens]

Why is that important for you, check out blockchain OPTIONS and you will find it there 😉

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[justnew]

Is it more important to have all your coins printed on paper then to have the phrases for your wallet?

 

[extremedox101]

passphrase is common method for higher security level . imagine your backup phrase is ' 12 blue ducks in black sea' this much harder to crack than regular passwords .

 

[KJK]

justnew said:
Is it more important to have all your coins printed on paper then to have the phrases for your wallet?
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You're comparing apples to oranges. Or more like comparing a backup key and a secondary lock.

If you write down your seed words on paper and store it somewhere, that can work as a backup.
If you use an additional phrase / additional word for your wallet, that functions as an extra step in case someone got access to your seed words or to your hardware wallet - having access is not enough, he/she also needs to know the additional phrase/password which can be in your brain only.

You probably shouldn't print your private key on paper, unless you have some specific reason forthat.

 

[Tremor]

Hi! I use a bit other option 'cos for me usual online crypto wallets don't seem reliable enough. I use a prepaid euro card balckcatcard with a hot crypto wallet linked to it. I just make a crypto-fiat or fiat-crypto exchanges from the wallet to the account and store crypto or pay with fiat anywhere mastercard is accepted