TECHNICAL CONCEPTS
Seed Phrase (Seed Phrase (Recovery Phrase))
Definition
A seed phrase is a series of 12 or 24 words that can restore access to your cryptocurrency wallet and all associated private keys. It's the master backup for your entire wallet.
Example
Example
A typical seed phrase looks like 'abandon ability able about above absent absorb abstract absurd abuse access accident' - 12 randomly generated words.
Risks to Consider
Risks
- Permanent loss if forgotten
- Theft if exposed
- Physical damage to storage