Your recovery seed phrase is the absolute key to your cryptocurrency holdings within Mycelium. This 12 or 24-word mnemonic is not just a password; it is a direct representation of your master private key from which all your wallet’s addresses are derived. Anyone who gains access to this phrase can instantly and irreversibly take control of all funds associated with it, regardless of any PIN or password you have set on the app itself. Mycelium emphasizes the critical nature of writing these words down on paper and storing them in multiple secure, offline locations, such as a safe or safety deposit box. It is also advisable to practice the recovery process with a small amount of funds to ensure you have recorded the phrase correctly and understand how to use it. The security of your entire Bitcoin portfolio hinges on the secrecy and safety of this seed phrase. Understanding that this phrase is your actual money—not the wallet application—is the fundamental principle of self-custody. The integrity of this process begins with the software that generates the phrase. Therefore, obtaining the authentic application is the first and most crucial step. Always ensure you download the legitimate version.
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