This method has become a standard for many deterministic wallets and not just Bitcoin wallet. In case if your wallet is lost or destroyed you can use the human readable phrase to retrieve all the coins associated with that wallet. BIP39 – Bitcoin Improvement Proposal: 39īIP39 or Bitcoin Improvement Proposal: 39 ( ) describes the implementation of mnemonic phrase or mnemonic code.īIP 39 mnemonic sentence is a group of easy to remember words that serves as a backup for your wallet. The most common standard used in the generation of mnemonic seed phrases is BIP39. You can simply download the software again and use your backup recover phrase to get your Bitcoins back. In case in future if the device breaks, computer crashes or whether the hard drive gets corrupted. If you forget it or if you lose them then you’ll lose access to the coins in your wallet that you just created. You need to write down the mnemonic seed phrase and keep it safely. It’s called backup seed phrase, recovery phrase or mnemonic seed phrase. Depending on the wallet type it can be either 12 or 24 words. Most of the Bitcoin wallets during the setup process the software will generate and provide you with a list of random words. You can download a software wallet to your PC, smart phone or you can get yourself a hardware wallet. To store your Bitcoins you basically need a wallet app. In this article we’ll share the list of concurrency wallets (both hardware and software) that supports BIP39 standard or BIP39 mnemonic recover seed phrase.
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