What is a seed phrase?
A seed key phrase, also known as a recovery phrase, backup phrase, or mnemonic phrase, is a series of words representing a long numeric seed from which all your private keys and addresses are derived. You use this 12-word seed phrase to restore access to your addresses and associated private keys. It is important to keep this seed key phrase safe and secure, as anyone accessing it can gain control of the wallet and its funds.
Here are some steps you can take to protect your seed key phrase:
- Write down your seed key phrase on a piece of paper and store it in a safe location, such as a safety deposit box or a fireproof safe. Please don't store it digitally, as this can be hacked or access lost.
- Please keep copies of your seed key phrase in multiple secure locations in case one gets lost or damaged.
- If you must store your seed key phrase digitally, use a password manager to encrypt it. Please choose a strong and unique password that cannot be easily guessed.
- Consider using a hardware wallet or "cold wallet," a physical device that stores your private keys and can be used to generate and manage your seed key phrase securely. These devices are typically more secure than software wallets, or "hot wallets," since they are not connected to the internet and are less vulnerable to hacking.