Seed Phrase
| A seed phrase, also known as a mnemonic phrase, is a random, unique string of words that provides access and control to a user’s cryptocurrency funds. Seed phrases are used as a way to restore access to your cryptocurrency wallet if it is lost or stolen. Most cryptocurrency wallets will generate a seed phrase for you when you first create a wallet. It is important to store this seed phrase in a safe place, as it is the only way to access your funds if your wallet is lost or stolen. If you lose your seed phrase, there is no way to recover your funds. That is why it is so important to keep it in a safe place. Some people choose to store their seed phrase in a physical safe, while others choose to encrypt it and store it on a USB drive or other external storage device. Whatever method you choose, make sure that you have at least two backups of your seed phrase in case one is lost or destroyed. |
Share this glosssary
