Safety and scamsBeginner
Backing up your seed phrase
A seed phrase backup is an offline copy of the words that lets you restore your wallet when a device is lost or broken.
- What it means
- One copy in one place can be lost to fire, water, fading ink or a move, so many people keep two copies in two separate safe places.
- What to watch
- Whether every word is there, numbered and spelled right, whether paper or metal suits the place, and whether a photo, cloud file or email copy exists by mistake.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
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More in Safety and scams
Rug pull warning signs
A rug pull is when the people behind a token take the money from its trading pool and disappear.
Fake airdrops and phishing links
Messages or tokens that promise a free airdrop to lure you to a look-alike website.
Seed phrase safety
A seed phrase is 12 or 24 words that can restore your whole wallet on any device.