What is a Seed Phrase?

Seed Phrase is a collection of words used in the crypto world to access or recover a private crypto wallet .

A Seed Phrase usually consists of 12 to 24 words that are randomly generated by a crypto wallet when it is first created. These words must be kept secure and confidential because anyone who has access to the Seed Phrase, has the ability to access and control the crypto assets associated with that wallet as well.

The importance of Seed Phrase is immense in crypto asset security as it serves as the final layer of security.

Yes, if you lose access to your crypto wallet (for example, if your device is damaged or you forget your password), Seed Phrase can be used to restore access. Therefore, it is highly recommended to record the Seed Phrase in a safe place and make sure to never share it with anyone or save it somewhere that can be accessed online, such as via email or in cloud storage.