What is a Secret Recovery Phrase?
A Secret Recovery Phrase, also known as a Seed Phrase or Mnemonic Phrase, is a sequence of words generated by a cryptocurrency wallet to provide access to your wallet.
Once you launch Gem Wallet and create a new wallet, you will get a unique set of 12 words that are randomly generated.
Your Keys Your Crypto
- A Secret Recovery Phrase serves as a backup or a key to unlock or restore a cryptocurrency wallet.
- After creating a wallet, always secure the Secret Recovery Phrase. No one else has access to this besides the one who created the wallet.
- You can only do transactions with your wallet if you have the Secret Recovery Phrase. Without it, the funds on the wallet cannot be accessed, not even the Gem Wallet team can help you recover them.