Bryan
Bryan

Mnemonic phrase

Definition of mnemonic phrase

A Mnemonic phrase is a series of unrelated words, usually 12 or 24 words long, that can be used to regain access to a cryptocurrency wallet. It can be seen as a backup key for the wallet for when you lose access to it for whatever reason. A mnemonic phrase is often also referred to as a private key or seed phrase.

Examples of mnemonic phrase in a sentence

“I lost my phone last week, luckily I have the Mnemonic phrase of my XUMM wallet so I can still access my wallet!”

“I have stored the mnemonic phrase of my hardware wallet in my secured password manager so I can never lose it.”

Want to learn more?

There is a ton of information to be found online about Mnemonic phrases (and crypto keys in general) and how they work. There is in fact so much information available that it is too much to give a brief summary. Here is a 9 minute video where wallets, public and private keys are explained in a very understandable way.

Cryptocurrency Wallets – Public and Private Keys (Asymmetric Encryption Animated)

Bryan
Bryan

Bryan indulges in every bit of crypto-related news and material he can lay his hands on. As such, he often shares his views and advice through the onXRP content platform. He is a firm believer in crypto’s potential in the financial and economic world. With 5 years of experience in investing and trading Bryan brings excellent insights to the table. He is excited to bring much of this knowledge and many of his skills to the onXRP platform.