What Is a Recovery Seed?
A recovery seed is a set of words that are used to restore access to a cryptocurrency wallet. It is also known as a mnemonic phrase, backup phrase or seed phrase. The recovery seed consists of 12-24 randomly generated words which can be used to recover the funds stored in the wallet if it gets lost or stolen. This makes it an important security measure for any crypto user who wants to protect their assets from theft and other malicious activities.
The recovery seed should always be kept safe and secure since anyone with access to this information will have full control over your funds. It is recommended that users write down their recovery seeds on paper and store them in multiple locations such as safety deposit boxes, fireproof safes, etc., so they can easily retrieve them when needed. Additionally, some wallets offer additional features like two-factor authentication (2FA) which adds another layer of protection against unauthorized access by requiring users to enter both their password and 2FA code before being able to log into the account.