These words encode your wallet’s private key.
Anyone who has your seed phrase can access and spend all your Bitcoin.
A seed phrase (also called a mnemonic phrase or recovery phrase) is a list of 12 or 24 random English words generated when you create a Bitcoin wallet.
These words encode your wallet’s private key.
Anyone who has your seed phrase can access and spend all your Bitcoin.
Example (do not use):
Your seed phrase = your Bitcoin.
Not your exchange account. Not your email. Not your password.
If your phone breaks, gets stolen, or you buy a new device, you can simply restore your wallet using your seed phrase.
No company needed. No password reset. No support ticket.
If you lose your seed phrase and lose access to your wallet, your Bitcoin may be lost forever.
No one can recover it — not the wallet company, not 1Bitcoin.ca, not the Canadian government.
It is always a scam.
No legitimate exchange, wallet company, or support team will ever ask for your seed phrase.
If anyone asks for it, end the conversation immediately.
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See also: Bitcoin Private Key Canada | Bitcoin Cold Storage Canada | Bitcoin Self-Custody Canada