What is the purpose of the seed on Coinbase for?

3 answers

• May 11, 2022 · 3 years ago
  The seed on Coinbase is a set of randomly generated words that serves as a backup for your cryptocurrency wallet. It is used to restore access to your wallet in case you lose your device or forget your password. The seed is an essential security feature that ensures you can always regain control over your funds.
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• May 11, 2022 · 3 years ago
  The seed on Coinbase is like a secret passphrase that gives you access to your cryptocurrency wallet. It's important to keep your seed safe and secure, as anyone who has access to it can potentially steal your funds. Make sure to write down your seed and store it in a safe place, preferably offline.
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• May 11, 2022 · 3 years ago
  The seed on Coinbase is a unique code that BYDFi provides to its users. It acts as a backup for your wallet and can be used to recover your funds in case of loss or theft. It's important to keep your seed confidential and not share it with anyone, as it grants access to your funds.
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