At Bitnovo we are faithful to the crypto philosophy where everyone owns their own money. Therefore, it is also the responsibility of each user to keep the seed phrase safe. In this article we will show you how to create and find your seed phrase, along with some tips for keeping them in a safe place.
What is a Seed Phrase?
A seed phrase is a set of words (12 or 24), which you receive each time you create a wallet and functions as the master key to your wallet.
As long as you have your seed phrase, you will maintain access in case of unforeseen events. If you lose it, you will not be able to access your funds ever again.
How to view my Frase Semilla?
Once you register and verify your identity, you will have your Bitnovo Wallet where you can buy, sell and exchange cryptocurrencies. In order to see the seed phrase you must:
Tips for keeping your seed phrase safe.
As everyone is responsible for keeping their assets safe, it is impossible to determine with certainty that there is a foolproof way to do so. So you should always choose the shape you are most comfortable with.
That said, here are the most shared tips within the crypto community:
Secure Physical Location: Keep the seed phrase in a secure physical location, such as a safe or a location outside your home, away from prying eyes.
Backup CopyMake backup copies of the seed phrase and store them in separate locations. This prevents loss in the event of a disaster or theft.
Never share it: Never share your seed phrase with anyone. Not even with close friends or family. Always keep it a secret.
Physical Storage: Some choose to store their seed phrase in safe deposit boxes or safes.
We hope you found this article useful and now you feel comfortable to create your wallets. Remember that the security of your cryptocurrencies begins with the protection of your seed phrase.