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There are many types wallets are in the market such as HD wallets, Multi-Sig wallets to secure crypto funds.

But the main problem with those wallets is they’re hard to crack by any third person even sometimes the owner of the wallet cannot able to access his own fund because of the hard passphrase (also called as a recovery phrase, seed phrase) used by the wallet.

To solve this problem Brain wallet emerged letting the user create a passphrase instead of a wallet.

What Is Brain Wallet?

A wallet main function is to store all your crypto funds by making sure the Private key which ensures you’re the owner of funds and Public key which used to send and receive funds and driven from Private key, both stored securely.

If a Private key somehow disclosed then the funds on the wallet get compromised.

For protecting the Private key wallets are using a passphrase that is nothing but the 12 to 24-word sentence or phrase used to create the Private key.

If you protect the passphrase your Privetkey is secured but, in this world security is just an illusion.

You can lose the passphrases in some natural calamities like flood fire or just put it somewhere and forget later where you put it and the passphrase even hard to remember.

So what if the passphrase is chosen by you that used to create Private key?

The Brain wallet made this idea become a reality.

A Brain wallet is nothing but the wallet which uses the passphrase created by the user, for creating Private and Public key, these passphrases are easy to remember because a user created it and at the same time hard to crack by any third party.

Basically, Brain wallet allows you to create the passphrase instead of creating one automatically but you have the responsibility to create a strong passphrase.

How Does a Brain Wallet Work?

As I mentioned above, a Brain wallet lets you chose the passphrases instead automatically generated one.

A passphrase typically contains the random words between 4,6,8,12 or 24 long.

The passphrases could be anything which you can easily remember like any important incident or date or number that only you know.

After feeding a passphrase to Brain wallet the wallet hashes the passphrase using SHA-256 script algorithm which considered as impossible to reverse.

Then that hash used to create a Private and Public key.

Once you got the Private and Public keys, you can easily store the funds in them anytime without worrying because now your private keys will only be generated through the “brain wallet” (which is in your head).

How To Create Bitcoin Brain Wallet?

You can use Bitcoin wallet software like Electronium, Mycelium, Armory to create Brain wallet.

But in this post, I’m going to show you create Bitcoin brain wallet in the best and quickest way using 2 platforms.

First one is using Bitaddress.org.

Bitaddress is a platform that made for creating a paper wallet that also allows you to create a Bitcoin brain wallet.

There is nothing fancy in the User-Interface you just have to put your passphrase and confirm it, that’s it now your Private and Public keys appear on the screen.

The second method is using Brainwallet.io.

The Brainwallet.io differ from Bitaddress by offering a layer of protection to your passphrase called “SALT” also they ensure that all the record you typed not recorded on any servers.

SALT allows you to add username and passwords or Name, Phone, Date of Birth or any generic key praises to the passphrase because making it hard for any third party to accessing your wallet.

After filling the passphrase and Salt click on generate button and your wallet Private and Public keys arrived on the screen.

You can easily use the Private and Public keys to send and receive Bitcoin funds but, before creating a Brain wallet, you should consider some security advice to secure your Brian wallet.

• Do not create a predictable passphrase like your Name, Date of Birth or any favourite sentences on the book and always blend up 2 or 3 or more things on a passphrase.
• Use a BIP32 generator for your brain wallet because it uses a slow hash which is much harder to crack.
• Use Mnemonic Pegging technique for remembering passphrase.

Now you know what is Brain wallet and how to create one and here I listed some Advantages of Brain wallet.

Advantages Of Brain Wallet.

Hard to hack.

You and you only know the passphrase, and there are no written records, so there is no possibility of online Hack.

Easy to Use.

Like other wallets, Brian wallet doesn’t depend upon software or hardware for creating a secure wallet. A Brain wallet is easier to set up and use.

Ok, these are the advantages of Brain wallet but as you know nothing in this world is perfect as well as Brain wallet.

So here are some Disadvantages of Brain wallet.

Disadvantages of Brain Wallet.

It Depend’s on Your Mental Health.

Mental condition is important while using a Brain wallet if you’re suffering from the medical conditions like amnesia or dementia, you will lose your coin keys with you.

Life at Stake.

If you’re solely depending upon Brain wallet to store all Bitcoin holdings then if someone found that you have a lot of money in your brain wallet, you can get kidnapped.

No Backups.

In Brain wallet finally passphrase stored on your memory, so there is no written backup, if you forget your mnemonic phrase, then your funds are lost forever.

Conclusion.

A brain wallet is one of the great solutions to store your Bitcoins securely.

But if you don’t use a sufficiently strong passphrase, you stand at risk of being attacked.

Furthermore, there are programs running 365 X 24 X 7 clubbing frequently used words, common names, and different combinations trying to figure out the passphrases.

If you get any valuable insight from this post then, don’t forget to share with your family and friends.