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Is a passphrase enough to store your coins? (alien.top)

submitted 2 years ago by ashketchup422@alien.top to c/ethereum@blockchained.world

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I always read about public keys,private keys and speedphrases that you need to store them in a paper wallet or hardware wallet. The only thing I ever stored are the passphrases (those 12 or 24 words) I get from metamask or other wallet provider in the beginning of creating a wallet. Is this enough when I write them down and secure them?

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[–] ashketchup422@alien.top 1 points 2 years ago (11 children)

What is the difference between storing the speed phrase on a paper and storing your private key on a paper a so called paper wallet? As far as I know, a paper wallet is a cold wallet. Or am I wrong? And storing your speedphrase on a paper is a hot wallet cause the actual Private keys are still online?

[–] ExamAccomplished6865@alien.top 1 points 2 years ago (5 children)

Oh god. For your own sake don’t go buying large dollar amounts worth of crypto. You have NO idea what you’re doing, talking about or even asking lol

[–] CryptoWarfare11@alien.top 1 points 2 years ago (1 children)

No shit, hence why he's trying to ask the community. Take time to explain if you're going to bother posting.

[–] ashketchup422@alien.top 1 points 2 years ago

Thank you :)

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