November 21, 2023
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1 minutes of reading
Mnemonic phrase (or seed phrase)
A set of 24 random words that are used to restore access to a cryptocurrency wallet in case of loss, damage to the device, or forgetting the password. This phrase is a convenient and secure way to regain access to a wallet, as it can be used to recreate all private keys and addresses associated with the wallet. It is important to store the mnemonic phrase in a safe and secure place, as its leak could lead to loss of access to your cryptocurrency funds.