What is a crypto seed phrase?

A crypto seed phrase, otherwise known as a seed backup, recovery phrase, seed words, mnemonic phrase, or secret words, is the combination of 12 or 24 words used as a backup when users set up a Bitcoin or cryptocurrency hardware wallet.

What is a seed phrase and why is it important?

A seed phrase needs to be kept a secret at all costs, as anyone who knows your seed phrase can import a copy of your wallet onto their own device and empty it. They can do so because knowing your seed phrase gives them access to your private keys. A private key is used in transactions to verify ownership of a blockchain address.

Is your seed phrase safe?

Some people use password managers to store their seed phrase, but that’s not foolproof, as hackers have successfully cracked weak passwords and gained access to all the passwords in a person’s vault, including seed phrases. It’s best to take steps to ensure that your seed phrase is truly safe from harm’s way.

What happens if I Lose my seed phrase?

If you lose access to your wallet or delete it without ensuring that your seed phrase is saved somewhere secure, you will lose access to your crypto assets. It is impossible to change your seed phrase, and there’s no one to reach out to to help you recover your seed phrase if the worst happens.