Mnemonic Phrase
By CoinGecko | Updated on Mar 03, 2020
A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets. It should be kept secret from everyone else. It is a standard in most HD wallets.
Related Terms
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Market Maker
Participant of the market who creates buy and orders
Miners
Contributors to a blockchain taking part in the process of mining.
Kimchi Premium
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.