What is a Seed Phrase?

Seed phrase is a common term used in the crypto industry. Though it sounds like technical jargon, a seed phrase is a simple concept that works like a master password. Simply put, a seed phrase is a sequence of random words that gives details to recover your lost or damaged crypto wallet. Cryptocurrencies are known for their decentralized nature without the involvement of any intermediaries like banks or financial institutions. Hence, safeguarding the crypto wallet is of utmost importance. What if you accidentally lose or damage your crypto wallet, losing access to your cryptocurrencies? There comes the seed phrase that stores the information needed to access or recover your crypto assets.

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