Mnemonic Phrase

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Mnemonic phrase, also known as a seed phrase or recovery phrase. It is list of 12 or 24 words used in sequence to access or restore a person's crypto wallet. It's recommended to store your mnemonic phrase not on a digital device, as those can be easily hacked.[1] The most common storage method seems to be paper wallets (writing it down on a piece of paper) or ideally a hardware wallet.[2][3]

Sources:

https://coinmarketcap.com/alexandria/glossary/mnemonic-phrase

  1. ↑ https://cryptoadventure.com/best-ways-to-store-your-mnemonic-passphrase-and-how/
  2. ↑ https://vault12.com/securemycrypto/crypto-security-basics/mnemonic-seed-recovery-phrase/how-do-i-back-up-my-seed-phrase
  3. ↑ https://medium.com/radartech/hardware-wallets-explained-da8bd93ce801
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