What are the best practices for generating a private key from a seed phrase in the cryptocurrency industry?

1 answers

• Apr 30, 2022 · 3 years ago
  At BYDFi, we recommend using a hardware wallet for generating a private key from a seed phrase. Hardware wallets provide an extra layer of security by keeping the private keys offline and isolated from potential threats. They also often have built-in random number generators and secure firmware that ensure the integrity of the key generation process. By using a hardware wallet, users can have peace of mind knowing that their private keys are generated in a secure and trustworthy manner.
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