Changing a connected wallet (2024)

FAQs

What is the 12 word passphrase in wallet? ›

A 12-word seed phrase acts as a key to unlock access to a crypto wallet and is also the ultimate recovery tool for wallets on the blockchain.

A failed transfer on Coinbase can occur for several reasons, but one common cause is a sudden shift in the exchange price between the cryptocurrencies you're trying to swap.

Your secret recovery phrase is the key to your wallet and controls access to all your crypto. A secret recovery phrase is a set of words that correspond to numbers. These numbers make up a seed integer that generates all of the private keys in your wallet. Each address for every crypto has its own private key.

Here is an example of a 12-word seed phrase: timber, sword, where, noodle, joy, eagle, admit, tuna, vibrant, museum, gossip, river. The standard method for seed phrases is called BIP-39 —short for Bitcoin improvement proposal-39. BIP-39 was introduced in 2013 with a list of 2,048 words that could be in seed phrases.

If you forgot to write down your backup phrase you can always access it within the wallet. You just need to enter the wallet with your password. Then go to the Settings tab and find Private Keys. View your phrase and save it in a safe place.

Assuming that you are using Metamask, you should be able to see three dots in the top right of the plugin. Once you click that, if you click connected sites, you should be able to disconnect your connection to The Graph. You should then be able to select your new account / wallet and connect it to the site.

The main reason why your swap might have failed is likely to be slippage. When you perform a swap, you are agreeing to a price quote. If the price of the swap goes outside of the allowed slippage set (typically 2-3%), it will fail, in order to prevent you from seeing a huge variance in value when completed.

Can Coinbase seize your crypto? ›

Preventing access to funds

In extremely rare circ*mstances, and only where required by law or authorized by the Coinbase User Agreement, Coinbase may block or "freeze" customer funds on our platform.

Unfortunately, if you do not have the 12-word backup phrase there is no way to recover your wallet or the funds should anything happen to the device you have the wallet downloaded to.

A single recovery phrase can be tied to multiple cryptocurrency wallets, also known as accounts. Each wallet has its own unique account index number, starting from '0'. In the Wallet Extension, you can import as many accounts as you have in a single recovery phrase.

A seed phrase, also known as a Secret Recovery Phrase (SRP) or mnemonic, is simply a collection of words that allows you to restore your entire crypto wallet. It's those 12-24 English words that your wallet presented you with while setting it up.

Passphrase basics

A passphrase functions like an extra word added to your wallet backup (recovery seed) Using your wallet backup (recovery seed) alone grants access to your Standard wallet. Each unique combination of 'backup + passphrase' grants access to a corresponding unique Passphrase wallet.

Adequate Protection: With 2^128 possible combinations, the 12-word seed is a fortress against brute-force attacks. For most users, this level of security is more than sufficient to safeguard their digital assets.

12 words provide the required amount of entropy to generate a secure private key and more than enough security against a brute-force attack at the same time.