FAQs

This page covers frequently asked questions and their answers.

How does mybucks.online work?

Mybucks.online turns your credentials into a wallet private key directly, without the need for seed phrases, site registration, app installs, or extension downloads. Only the passphrase and PIN determine the private key and wallet address, allowing you to create a wallet in seconds on your browser. It internally uses the Scrypt Key Derivation Function (KDF) and Keccak256, making brute-force attacks computationally expensive and impractical compared to old-school "Brain wallets."

What is the uniqueness, and advantage?

By utilizing a human-readable and memorable passphrase and PIN as a key, it eliminates the need for seed phrases, site registration, or separate private key storage, ensuring user-friendliness without compromising safety. It is self-custodial, decentralized, hosted on a public domain and provides instant-access. No KYC is required, and truly self-custodial.

With MyBucks.online, you can "Send the Wallet" instead of just the coins by sharing a 1-Click URL via Telegram or WhatsApp. The recipient just clicks the link to instantly take full ownership of the assets with no app installs or registration required. This makes it perfect for gifting and airdropping.

What purpose can you use this wallet for?

This wallet is designed for speed and convenience. It is ideal for micro-gifting and small, instant transactions. It is not intended for long-term storage of your life savings. It is not for interacting with dApps. Do not store large amounts like 1 BTC here.

What is the passphrase and PIN?

The passphrase is the primary field used to generate a private key and create your account. The PIN is added specifically to resolve the "random salt" issue in a zero-storage environment. It also serves as a secure layer to protect sensitive information during a live session. These two fields are combined together to generate a private key.

Is it free? is there any service fee?

The wallet itself is free to use, but standard blockchain transaction fees will apply. Your generous donations help us continuously enhance and improve our product.

Can I recover credentials?

No. You can't reset or recover the passphrase and PIN. Do not lose them and back them up.

How can I change or update my credentials?

There is no direct method to change the passphrase and PIN. Each passphrase and PIN generates a unique wallet. To update your credentials, create a new wallet with the desired passphrase and PIN and transfer your assets to it.

Can different credentials generate the same account?

No absolutely! Each passphrase and PIN uniquely generates its own corresponding private key and wallet address. The Scrypt and Keccak256 algorithms transform the passphrase and PIN into a 256-bit private key. These two hash functions produce pseudo-random values and are widely verified and accepted across the industry.

Who can know or steal my passphrase and PIN?

Malware can steal your credentials by tracking keystrokes. Avoid using personal information, such as your name or birthday as a passphrase or PIN. There's no admin or database, so your credentials are safe from us.

What is the backup option?

You can back up private key itself as plain text. You can import the private key into other wallet like Metamask.

What is the risk or vulnerability?

A simple passphrase and PIN are susceptible to brute force attacks, and there is no option to recover or reset the credentials. Once lost, you will lose your funds permanently.

Does it support privacy?

Absolutely! No server, no database, no storage, and no tracking. Your keys are generated entirely in your browser’s temporary memory and vanish the moment you close the tab.

It does not require personal information, including an email address, and using a one-way hash function means sharing the wallet address does not compromise the private key or credentials.

I received cryptocurrency. but it is not shown in my wallet.

It may take a couple of minutes to update your balance in the wallet. Please ensure you have selected the correct blockchain network.

Why is my account locked automatically?

To safeguard your funds, the system locks your account after 15 minutes of inactivity.

Is it open source? can I review the codebase?

Yes, it is fully open source. You can review the codebase here. It is deployed into Github Pages by using Github Actions.

Can I store NFT in this wallet?

Currently, there is no UI to manage NFTs, but you can still store them in this wallet without any issues.

Can I connect DeFi apps to this wallet?

It is not designed for interaction with Web3/dApps, but you can extract the private key into MetaMask and connect to DeFi apps.

How can I trust this wallet?

We prioritize transparency. Our codebase, deployment processes, and actions are all managed on GitHub. You can verify the codebase, deployment history, and DNS configuration and audit reports.

How long does it take to brute force 12 length passphrase?

A passphrase with 94 possible characters (uppercase + lowercase + digits + symbols) and a length of 12 would have approximately (94^12) possible combinations. Assuming each brute-force attempt takes less than 1 millisecond with a cutting-edge ASIC attacker, it would take about (5.36 * 10^23) milliseconds, or roughly (1.7 * 10^13) years, to exhaust all possibilities. This duration is extremely long and practically unbreakable by brute force methods.

What would be the size of a rainbow table required to store all possible 12-character passphrase along with their corresponding hash results?

Storing a full rainbow table for all 12-character passwords with 94 characters each would need about (1.5 * 10^10) petabytes of storage. This shows that creating and storing such a large table is impractical, making longer, complex passphrase more secure against these attacks.