Video: Binance Academy © Binance. Played via the official YouTube player. QubitV is not affiliated with Binance.
Lesson outline
- The private key signs transactions; the public address is what you can show anyone.
- The seed phrase (12/24 words) is the master key: every private key in the wallet derives from it.
- One seed — many addresses and networks.
- Storage rules: offline only, never photograph it, never keep it in cloud drives or notes.
- What happens when a seed leaks, and why "support" never asks for it.
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A seed phrase is entered in exactly two situations: creating a wallet and restoring it on a new device. Any site, popup or "support agent" asking for your seed is theft. No exceptions.
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🚧 Full write-up with screenshots coming soon.
CHECK YOURSELF
1. What is safe to show other people?
2. A site asks you to enter your seed phrase for "wallet verification". Your move?
3. Where should a seed phrase be stored?