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What Is a Seed Phrase and Why Is It Crucial for Wallet Recovery?

A seed phrase, or recovery phrase, is a sequence of 12 to 24 words that serves as the master backup key for a cryptocurrency wallet. It is derived from the private key and can regenerate all private keys associated with the wallet.

It is the only way to recover funds if the wallet device is lost or damaged.

What Is the Relationship between a Private Key and a Seed Phrase?
What Is a Seed Phrase and Why Is Its Security Paramount?
Can a Single Hardware Wallet Manage Multiple Cryptocurrency Accounts?
Can a Seed Phrase Be Used to Restore Multiple Private Keys?