When Barterdex app loads, users are given a twelve -
word mnemonic phrase and asks you to copy the information like any other private wallet seed.
The researcher goes on to explain that — once installed — the shady copycat requires users to fill in their private key (or 12 -
word mnemonic phrase) to log in.
For the Ledger Nano S, this means you will be generated a 24 -
word mnemonic phrase which is used to create and restore your wallet.
Not exact matches
Generates a new empty wallet based on a unique
mnemonic phrase (a list of
words from its own dictionary).
HD wallets generate an initial
phrase known as a seed or
mnemonic phrase and this seed is a string of common
words which you can memorize instead of the long confusing private key.