What if I lose my Private Keys or Seed Phrase?
You canβt afford to lose them!
1. You lose access to your digital coins
2. You might not be able to recover your coins
3. Your digital coins stay locked
To avoid this situation, it's crucial to keep your Private Key or Seed Phrase safe and backed up. Many people use secure methods like hardware wallets or encrypted digital storage to protect their private keys from loss or theft. Remember, losing your private key means losing access to your digital coins, so it's worth taking extra precautions to keep it safe.
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