Coin98 Finance

What is the difference between Private Key and Passphrase?

What is a Private Key?

A Private Key is a string of random characters, representing a cryptocurrency wallet address, allowing you to access, receive, send your crypto funds. The Private Key is created from mixed letters and letters. Similar to a Password, it’s the key of your crypto account.
A Private Key is a string of numbers and letters with the following form:
Main features of Private key:
  • Private Key contains characters including uppercase letters, lowercase letters, numbers.
  • The complexity of the Private Key is reflected in the random mixing of characters, without any rules, which makes it difficult for hackers to crack.
  • The Private Key is generated from the Passphrase by encrypting it.
  • Each Private Key can generate an address that allows you to make transactions in your wallet.

What is a Passphrase?

A passphrase is a sequence of words used to control access, secure, and recover your wallet in case you cannot access your main wallet. The wallet service provider will issue you a PassPhrase as soon as you create the wallet.
Passphrase is a sequence of words with the following form: race fog come flash position garbage glass rule dizzy behind use tape
Main features of Passphrase:
  • Passphrase is usually a sequence of readable English words, from 12 to 24 words, randomly generated.
  • Passphrase is mainly used to create and restore crypto wallets.

The common point of Private key and Passphrase

  • Private key and Passphrase are used to secure the account.
  • Both allow you to restore your wallet and grant access to your wallet.
  • Private Key and PassPhrase both help to strengthen the security of the account, it is more difficult for hackers to attack.

Private key vs PassPhrase

  • Passphrase is preferred over Private key because of its logic and it is easy to read, easy to remember, can be easily noted on paper.
  • You can use Passphrase to regenerate your Private Key.
  • A Passphrase can create wallets containing multiple Private Keys.
  • Passphrase has control over all your Private Keys.