What Are Mnemonic Recovery Seed Words?
Every wallet has its own unique private key. Mnemonic recovery seed words are a way of representing this key in an easy to read and easy to record format. Each word represents a small piece of your key, and when they are put back together in the same order can be used to regenerate your key. For the key to be recovered, both the words and the order in which they were entered must be correct. If your mnemonic recovery seed words are compromised and become known to an unauthorized person, this person can control your money. Using a SafeWords Kit ensures that your wallet information is stored in a safe and secure manner.
When Should You Use SafeWords?
The SafeWords Kit can be used when you create a new wallet, or to create a secure backup of an existing wallet that you control.
NEW WALLET
During the online or hardware wallet initialization process you will be given access to your recovery seed words. At this time, you can use the SafeWords cards to record and secure your information.
EXISTING WALLET
For an existing wallet, take the original recovery seed words that you created when your digital wallet was initialized, and carefully copy it across into your SafeWords cards. You should consider destroying any complete copies of your seed words once your SafeWords cards have been completed, triple checked & stored safely.
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