Mnemonic phrases play an important role in securing the crypto assets of users kept in crypto wallets. Mnemonic phrases, also known as seed phrases or mnemonic words or seeds, are a group of words generated during the creation of a new crypto wallet. They behave as the passwords to the crypto wallet arranged in a specific sequence. Without these phrases, the user might not be able to gain access to their crypto assets. These phrases usually contain 12, 18, or 24 characters.

All the information required to access the fund in the crypto wallet is present in the mnemonic phrase. In case the wallet is misplaced or damaged, the digital assets can be recovered from the wallet using the mnemonic phrase. To recover the same, the user must ensure that it’s the exact same sequence from the time of its creation. Users are always advised to keep the seed phrases secret as this phrase is the key to the crypto assets stored in the wallet.