Seed phrase: the recovery phrase and how to protect it
A seed phrase is a list of 12 or 24 words that lets you restore a wallet; whoever knows it controls the funds, so never share it with anyone.
English term: Seed phrase (recovery phrase)
A seed phrase (recovery phrase, mnemonic phrase) is usually 12 or 24 words from which a wallet derives all of its private keys. Knowing it is enough to restore the wallet on any device and control the funds. That is why it serves as a backup, but it is also your most valuable secret: whoever gets it can move all the assets out of the wallet.
The phrase is written down offline, for example on paper or a metal plate, in a safe place, and not in a photo, notes app, cloud or messenger. No service, support team or project has any reason to ask for it, and a request for it is a classic scam. Losing the phrase with no other backup usually means permanently losing access to your funds.
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Related terms
Other terms in the “risk and legal” category
This entry explains a concept and is not an investment recommendation. Cryptocurrencies and leveraged trading carry a risk of losing money. Risk Warning.
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