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…Seed Phrase A succinct definition of Seed Phrase Seed PhraseLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSEED PHRASECopy linkShare on TwitterShare on FacebookShare on LinkedinSeed PhraseA seed phrase, or a recovery phrase, is a series of 12 to 24 randomised words used to unlock a cryptocurrency wallet and its private keys. This string of words is typically generated by a crypto wallet’s software and derived from its private keys, serving as a master password for the digital…
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…As the popular saying within the crypto community goes, ‘not your keys, not your coins!’. On the flip side, this means that users must be in charge of their own security with regard to the storage of passwords and seed phrases. Anyone with the seed phrase is able to gain full control of the funds held in that wallet. In a case scenario where the seed phrase is lost, the user also loses access to their funds. Note that hardware wallets are inherently non-custodial, since private keys are stor…
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…It allows for the creation of a virtually unlimited number of public/private key pairs from one seed phrase. This means users only need to back up the seed phrase to restore access to all associated addresses and funds.The seed phrase, typically represented as a mnemonic phrase (usually 12, 18, or 24 words specified by BIP-39), offers easy backup and restoration of the entire wallet. Users can also create multiple ‘accounts’ within a wallet, where each account has its own set of addresses (l…
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…This acts as a backup or recovery mechanism in case the user loses access to their device. Anyone with the seed phrase is able to gain full control of the funds held in that wallet. In a case scenario where the seed phrase is lost, the user also loses access to their funds. So it is imperative to keep the mnemonic phrase in a secure location, and to not store a digital copy of it anywhere. Do not print it out at a public printer or take a picture of it. Note that hardware wallets are inherently …
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…This acts as a backup or recovery mechanism in case the user loses access to their device. Anyone with the seed phrase is able to gain full control of the funds held in that wallet. In a case scenario where the seed phrase is lost, the user also loses access to their funds. So it is imperative to keep the mnemonic phrase in a secure location, and to not store a digital copy of it anywhere. Do not print it out at a public printer or take a picture of it. Note that hardware wallets are inherently …
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…This acts as a backup or recovery mechanism in case the user loses access to their device. Anyone with the seed phrase is able to gain full control of the funds held in that wallet. In a case scenario where the seed phrase is lost, the user also loses access to their funds. So it is imperative to keep the mnemonic phrase in a secure location, and to not store a digital copy of it anywhere. Do not print it out at a public printer or take a picture of it. Note that hardware wallets are inherently …
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…This acts as a backup or recovery mechanism in case the user loses access to their device. Anyone with the seed phrase is able to gain full control of the funds held in that wallet. In a case scenario where the seed phrase is lost, the user also loses access to their funds. So it is imperative to keep the mnemonic phrase in a secure location, and to not store a digital copy of it anywhere. Do not print it out at a public printer or take a picture of it. Note that hardware wallets are inherently …
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…This acts as a backup or recovery mechanism in case the user loses access to their device. Anyone with the seed phrase is able to gain full control of the funds held in that wallet. In a case scenario where the seed phrase is lost, the user also loses access to their funds. So it is imperative to keep the mnemonic phrase in a secure location, and to not store a digital copy of it anywhere. Do not print it out at a public printer or take a picture of it. Note that hardware wallets are inherently …
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…Because hardware wallets can be accessed and managed offline, many consider them to be the most secure option. Non-custodial wallets provide users with a seed phrase. Upon creating the wallet, users will be asked to write down and keep a set of 12 randomly generated words, known as a ‘recovery’, ‘seed’, or ‘mnemonic’ phrase. From this phrase, the public and private keys can be generated. It also acts as a backup or a recovery mechanism in case users lose access to their original de…
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…Because hardware wallets can be accessed and managed offline, many consider them to be the most secure option. Non-custodial wallets provide users with a seed phrase. Upon creating the wallet, users will be asked to write down and keep a set of 12 randomly generated words, known as a ‘recovery’, ‘seed’, or ‘mnemonic’ phrase. From this phrase, the public and private keys can be generated. It also acts as a backup or a recovery mechanism in case users lose access to their original de…
Learn More