Seed Phrase

« Back to Glossary Index

It is also known as the seed recovery phrase, backup seed phrase or mnemonic phrase and is referred to as the generated list of the 12 to 24 words in a specific order and are used by the cryptocurrency wallet users for regaining access and control of their funds on-chain. This also means that any third party who must be knowing your seed phrase has the capability to move your funds to another wallet address.

« Back to Glossary Index