Glossary term

Seed phrase

Definition

A list of 12 or 24 words (BIP-39 standard) from which all of a wallet's keys can be restored. Anyone who knows the seed phrase has full access to the funds.

Example

When setting up a new wallet, you are shown 12 or 24 words to write down on paper; any website or support agent asking you to type them in is a scam.

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