Did you know that the importance of a seed phrase is often underestimated?
When users create a Bitcoin wallet, they are assigned a mnemonic phrase. But what they do next determines whether they will be able to recover access to a wallet or not. As they do not understand how important this phrase is, they often do not take it seriously.
Making a screenshot and storing it on your smartphone is not enough — it is even risky. With the deletion of the photo, you will lose access to their wallet, as the seed phrase is like Bitcoin private key and the only means of getting access to the wallet.
We intend to provide you with the most essential information regarding the mnemonic phrase, disclose why it is important, and how to store it securely.
What Is Seed Phrase or Mnemonic Phrase?
Let’s start with the basics and dive deeper into the concept of a mnemonic phrase.
Seed phrase is known under different names. You may see different words such as seed recovery phrase, backup seed phrase, mnemonic phrase, mnemonic recovery phrase or mnemonic seed. All these words have the same meaning. The mnemonic phrase is represented as the list of words that contain all the information that is needed for Bitcoin wallet recovery. The phrase often contains of 12 (sometimes 14, 18 or 25) unique words. It is important to follow the sequence of these words, otherwise the access will be lost.
A mnemonic phrase may look just like presented below:
Inspire extra meat record november void game boy alley mimic other ten
You should be aware that just remembering the words is not enough as the word order is vital.
If you want to know the safest ways to store the seed phrase, follow this link — we are waiting for you!
