When you create a cryptocurrency wallet on a website or in an | ChangeNOW Announcements

When you create a cryptocurrency wallet on a website or in an application, you can also generate a seed phrase. But what is it and how do you use it?

A seed phrase is a set of 12, 18 or 24 words. These words are chosen randomly and form a unique combination that allows you to access your wallet even if you have lost or forgotten your password

This phrase should be stored as securely as your password. If someone will know your seed phrase, they can steal all of your savings from your cryptocurrency wallet.

Keep your password and seed phrase in different places, so you can avoid losing both ways to access your wallet

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