Recovery Phrase (Mnemonic Phrase)

A recovery phrase, also called a mnemonic phrase or seed phrase, is a set of 12, 18, or 24 words that functions as a backup method when a user loses access to their cryptocurrency wallet or the corresponding private key. This unique phrase is securely stored and aligns with the information stored within the wallet, enabling the retrieval of the private key and granting the user access to their wallet and funds.