Hey everyone, I'm new to the world of cryptocurrency and I'm a bit nervous about the safety of storing my wallet's seed phrase. I recently heard about someone who lost $800 million because their girlfriend accidentally threw away their hard drive that had the seed phrase saved. So, I thought about saving my seed phrase in an encrypted format online. I came across this string: 74jv1nRaY66Zb31M5bA+vQ==. Can anyone help me understand if it's possible to decrypt this or what it really is?
3 Answers
This is indeed Base64 encoded. It decodes to 128 bits, which might be used for BIP-39 seed entropy. However, you’ll need a checksum to turn it into a valid seed phrase. Unfortunately, you can’t derive a single word directly from it.
Yep, it's definitely Base64. Just to clarify, the decoded string is 'tZco}L>'. But I’m not sure if it’s encrypted or not. Just watch out when storing sensitive information like seed phrases!
Thanks for the tip! How do I ensure I'm storing my phrases safely?
What you have there is actually a Base64 encoded string. When you decode it, you get 'tZco}L>', which isn’t encrypted, just encoded. Make sure you know the difference between encoding and encryption!
Is it safe to store my seed phrase in this way, then?