Recovery Phase

Definition:

Also known as your seed phrase or secret recovery phrase, this is a set of words that is used to represent your private keys and they authenticate and encrypt your crypto wallet. It is in the form of 12-24 random English words, and all of your funds are connected to this. There is never a reason to share your secret recovery phrase with anybody. Share this and you lose all coins and tokens. Never store it on your computer. Instead, write it on paper or etch it in steel and keep it hidden in a safe place.

Degen Chat

“@JRNYcrypto was just recommending a titanium recovery phrase backup kit that protects your seed phrase forever and a @ledger nano for your coins.”

« Dictionary Menu