What is a recovery seed?

When you setup a Trezor, Ledger or Keepkey hardware wallet, you will be required to write down a recovery seed. The recovery seed, also known as a recovery phrase, backup phrase or word seed is a list of 12, 18 or 24 words that store all the information needed to recover your wallet.

What happens if someone steals my recovery seed phrase?

Since your recovery seed phrase can be used anywhere to gain full access to your crypto funds, it is incredibly important to keep it safe. If someone steals the piece of paper, or card your phrase is written on, they have essentially stolen your real wallet, except that you cannot call to cancel your crypto.

What if my Trezor or recovery seed is gone?

If you’re sure that your Trezor or recovery seed is gone, you need to immediately move out your funds to a new secure wallet. It doesn’t really matter whether they were lost or stolen; you should always treat a missing device or seed as a potential threat that could lead to loss of your coins.

How do I keep my recovery seed card safe?

Keep your recovery seed card away from a camera. Please note that there might be a camera on your computer or your phone. Mind the CCTV cameras in your vicinity. Do not read your seed words out loud. Be the only one with access to your recovery seed, or limit the access to a few trusted individuals.