If you break your laptop or otherwise lose access to your Bitcoin wallet, you can use the seed phrase to restore access. If you need any more reason to be cautious, you may have heard of the story of the man who accidentally threw away a hard drive which contained 7,500 Bitcoin. He is now appealing to his local council for permission to search and dig in the landfill site where it was disposed of, with the hope of recovering his fortune, which is worth $510 million at today’s prices. If only he had written down his recovery phrase on paper! When you create a new Bitcoin wallet the application will give you a seed phrase, typically 12 or 24 words. You should write these words down on a piece of paper and make copies website link by hand. Never take a picture of the seed phrase or store the seed phrase as a digital file on your computer. If a hacker gained access to your files he could steal all of your cryptocurrency.