If you uninstall your wallet or lose your phone, will your money disappear?
One detail: the same set of seed words can derive the private keys for every account in a wallet. Knowing the seed words is equivalent to having access to all the assets in the wallet.
Think of the seed words as the wallet’s “master key”: every address’s private key is derived from them, so seed words are more important than any single private key.
Remember this—it’s more useful than memorizing a pile of jargon. You should be the only one who keeps your seed words and private keys. Never give them to anyone claiming to be “customer support.”
Today’s price: $BTC is trading at 74038.36 (24h +0.34%).
One detail: the same set of seed words can derive the private keys for every account in a wallet. Knowing the seed words is equivalent to having access to all the assets in the wallet.
Think of the seed words as the wallet’s “master key”: every address’s private key is derived from them, so seed words are more important than any single private key.
Remember this—it’s more useful than memorizing a pile of jargon. You should be the only one who keeps your seed words and private keys. Never give them to anyone claiming to be “customer support.”
Today’s price: $BTC is trading at 74038.36 (24h +0.34%).
