What Is Seed Phrase? Meaning & Example
Definition
A seed phrase is a list of words, often 12 or 24, that can restore a crypto wallet. It is the master backup of your keys and should be stored offline and kept secret.
Related terms
A private key is a secret code that proves ownership of crypto and authorizes transactions. Anyone with your private key can move your funds, so it must never be shared.
Crypto WalletA crypto wallet is software or hardware that stores the keys needed to access and move your crypto. The wallet does not hold coins itself; it holds the keys that control them.
Hot WalletA hot wallet is a crypto wallet connected to the internet, such as a mobile or browser app. It is convenient for frequent use but more exposed to hacking.
What is Seed Phrase?
A seed phrase is a list of words, often 12 or 24, that can restore a crypto wallet. It is the master backup of your keys and should be stored offline and kept secret.
Can you give an example of Seed Phrase?
If your phone breaks, entering your seed phrase into a new wallet app restores access to your funds.