Passphrase (25th word)
A wallet passphrase is optional additional input used with a recovery phrase to derive a different set of wallet keys and addresses.
✦ Key Insight
A passphrase can add protection if a recovery phrase is exposed, but forgetting or mistyping it can permanently prevent access to the intended wallet.
✕ Common Misconceptions
It is not literally required to be one "25th word." Never assume a forgotten passphrase can be recovered.
Detailed Explanation
In Practice
Dig Deeper
Hardware Wallet
A dedicated physical device that stores private keys offline and signs transactions internally.
Private Key
The secret number that authorises spending from a crypto address.
Seed Phrase
A list of 12 or 24 ordinary words that is the master key to every account in your wallet.
Derivation path
A derivation path identifies where a particular key or account is generated within a hierarchical deterministic wallet's key tree.
