I'm setting up a new cryptocurrency wallet and it's asking me for a seed phrase. I'm confused about where this seed phrase comes from. Who generates it, is it me or the wallet provider?
5 answers
CryptoMagician
Tue Dec 10 2024
It is highly recommended to record this phrase on paper for safekeeping purposes.
ZenHarmonious
Tue Dec 10 2024
Writing down the phrase ensures that it can be retrieved even in unforeseen circumstances.
charlotte_bailey_doctor
Tue Dec 10 2024
In cases of hardware malfunctions or file corruption, having the phrase on paper comes in handy.
KimonoElegance
Tue Dec 10 2024
Users can reinstall the wallet software and use the paper phrase to regain access to their digital assets.
Valentino
Tue Dec 10 2024
The wallet software is responsible for generating a unique phrase.