What to Do When You Lose Your Seed Phrase (2024)

What to Do When You Lose Your Seed Phrase (1)

First of all,don't panic. It's not the end of the world (either way).

Take account of your situation:

Do you still have the device your wallet is on and access to your wallet?

If yes,

Fantastic! You can create another wallet and generate a new seed that you can send your coins to. But FIRST:

  1. Send your coins to an exchange of your choosing
  2. Ensure that you see your coins in your exchange account completely transfer over
  3. Reset your wallet device
  4. Proceed to create a new wallet on the same device and generate a new seed

(See10-Step Beginner's Guide To Bitcoin Wallet Set Up & Security and start with step 2)

You might be asking, do I REALLY have to. I still have access to my wallet and keys don't I?

Well, yes. But, if the device that your wallet is on ever goes caput, you're out of luck. Your seed is the only way to recover your wallet once it fails and electronics don't last forever.

So yes, you really have to. Even if you still have an extra copy of your seed, you don't know where that other copy might be and who might find it in the future.

Besides, it will always be on your mind that your seedsomewhere out there for someone to find (or steal). Generating a new seed will let you sleep at night without worrying about your seed being exposed.

Now if the answer is no,you don't have access to your wallet and you lost your seed, you can panic. Unfortunately, your coins are gone until you can find your seed again.

Self-custody isn't meant to be easy nor convenient. It's about complete control over your finances and that'sahuge responsibility.

Ittakes time and effort to consider the logistics and come up with a well thought out plan for your future self.

After you finish panicking, realize it's not the end. You can always start over. Lessons learned for the next time.

What to Do When You Lose Your Seed Phrase (2)

What to Do When You Lose Your Seed Phrase (2024)

FAQs

What to Do When You Lose Your Seed Phrase? ›

If your seed phrase is lost or stolen, the best thing to do is purchase a replacement hardware wallet in order to generate a new key to perform a key replacement on the Unchained platform. It's generally best to purchase hardware directly from the manufacturer.

How do I recover a lost seed phrase? ›

Hire a data recovery specialist. This is a last resort option, and it is not guaranteed to be successful. Data recovery may work if the seed phrase was stored in a file and the file was subsequently deleted. Data recovery tools help retrieve deleted files, including the seed phrase.

What happens if I lose my seed phrase? ›

Wallet seed phrase

Coinbase Wallet generates a 12-word recovery phrase, also referred to as a seed phrase, that you and only you have access to. This means that if you lose your recovery phrase, you will lose access to your Coinbase Wallet and any funds secured by this recovery phrase will be at risk.

How do I recover my wallet without seed phrase? ›

No, it is not possible to recover a cryptocurrency wallet without the private key or seed phrase. The private key is the only way to access and control the funds in a cryptocurrency wallet. The seed phrase is a backup of the private key and can be used to recover the private key in case it is lost.

How do I recover my phantom seed phrase? ›

If you still have the Phantom app installed you can view the seed phrase or private key in the app by following these steps:
  1. Open your wallet and select the wallet name or the pencil icon at the top of the wallet.
  2. This will show the settings then click show secret recovery phrase or show private key.
Jun 10, 2024

How to reset seed phrase Ledger? ›

Setting up your Ledger device as a new device will generate a new Recovery phrase.
  1. Turn on your Ledger device.
  2. Select the option Set up as new device.
  3. Choose your PIN code. A new Recovery phrase will be displayed.
  4. Write down your new Recovery phrase on your Recovery sheet.

What is the secret recovery phrase? ›

What is a secret recovery phrase? Your secret recovery phrase is the key to your wallet and controls access to all your crypto. A secret recovery phrase is a set of words that correspond to numbers. These numbers make up a seed integer that generates all of the private keys in your wallet.

Should I take a picture of my seed phrase? ›

Never store your seed phrase digitally. Do not type the words into a computer or take a picture of them. You can also purchase kits to store your seed phrase in metal, but never share your seed words with a third-party engraver or trophy shop.

Where is my seed phrase stored? ›

Storing seed phrases for the long term. Most people write down phrases on paper but they can be stored in many other ways such as memorizing, engraving or stamping on metal, writing in the margins of a book, chiselling into a stone tablet or any other creative and inventive way.

How do you recover a 12 word seed phrase? ›

A seed phrase, also known as a Secret Recovery Phrase (SRP) or mnemonic, is simply a collection of words that allows you to restore your entire crypto wallet. It's those 12-24 English words that your wallet presented you with while setting it up.

What if someone steals my seed phrase? ›

If your seed phrase is lost or stolen, the best thing to do is purchase a replacement hardware wallet in order to generate a new key to perform a key replacement on the Unchained platform. It's generally best to purchase hardware directly from the manufacturer.

Can I change the seed phrase of my wallet? ›

Once the recovery phrase has been confirmed on the device, those words will never appear again and should never be digitally stored or photographed. There is no way to modify or change these words. These words are effectively the master key to your crypto, and must be written down in the order they were generated.

Is it possible to guess a seed phrase? ›

Using large, random numbers to create wallets enables users to “open up a bitcoin account” without having to contact, trust or rely on anyone else. The large amount of theoretical wallets make it practically impossible for anyone to guess your seed phrase, not to mention “re-creating” your wallet by sheer accident.

How does Phantom wallet get drained? ›

Airdropped Spam Tokens and NFTs

The instructions usually include a link to a malicious website that attempts to get users to give up their seed phrase or approve a transaction the drains the wallet of all of their funds. Remember: Phantom will never ask you for your seed phrase or to sign any transaction.

How to find your Phantom wallet? ›

Accessing your Browser Wallet

Phantom is located in the top right-hand side of your browser's toolbar. Don't see Phantom? Click the icon that looks like a puzzle piece to access a list of your browser's extensions where you will find Phantom.

How do I get my 12 word recovery phrase? ›

If you forgot to write down your backup phrase you can always access it within the wallet. You just need to enter the wallet with your password. Then go to the Settings tab and find Private Keys. View your phrase and save it in a safe place.

What if I lost my secret phrase trust wallet? ›

  • If you lose the Recovery Phrase, you lose access to your wallet.
  • Keep in mind that in the event your phone is broken, stolen, lost or the app is deleted accidentally, Trust Wallet never has access to your funds or the associated 12-Word Recovery Phrase. ...
  • There is no other way to recover a lost Recovery Phrase.

Can you recover MetaMask without seed phrase? ›

Q: How do I recover my Metamask password without a seed phrase? A: There is no way to recover your Metamask password without your seed phrase. The seed phrase is a string of words that are used to secure and back-up your digital wallet. You must have the seed phrase in order to reset your password.

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