Have you Backed Up Your 12-word Seed Phrase?

Bitpie reminds you to backup 12 words. Didyou do that? What will happen if you don’t backup the seed phrase?

In the cases that the seed phrase is lost,the seed phrase is backed up inappropriately or the phone installed Bitpie islost, the cryptocurrencies will not be restored, simply speaking, thecryptocurrencies are lost!

If the seed phrase is disclosed or acquiredby others, it is very possible the cryptocurrencies get transferred. Bitcoin isirreversible and anonymous. Once bitcoins are transferred, the probability torecover the coin is basically zero.

What’s your Bitpie account seed phrase?

While creating your account, it is requiredto back up 12 words, which are your seed phrase. It’s equivalent to yourprivate key. Who has these 12 words, who owns your cryptocurrencies in youraccount. These 12 words is taken care by yourself. Once you lose them, youcannot recover them.

How could we take care of the 12-word seedphrase?

1.? ? It’s better to write down the seedphrase. Make sure the writing is correct and clear. And store it in anextremely safe place in your home. See phrase cannot be stored through mediasuch as photograph, software, email, cloud storages, etc.

2.? ?Verifying seed: all users regardlessof newbie or the experienced should verify the correctness of your seed phrasein theSetting-Verify Seed. Onlyensure the correctness of your seed phrase can you continue the use of Bitpie.

3.? ? For the account which has beeninstalled in the Bitpie, please do not clear the data, recover the defaultsetting, uninstall the Bitpie APP arbitrarily or format the cell phone. If youhave cryptocurrencies in your Bitpie account, you should be more cautious.

4.? ?Do not disclose your seedphrase to others. Do not expose your seed phrase to the media connected to theinternet. For the account which seed phrase has been disclosed, do not storeyour coins in it. Anyone who ask you for the seed phrase is a scammer!

5.? ?For the users who: lost theseed phrase, cannot pass the seed verification, did not take good care of seedphrase, please proceed as follows: find another cell phone, download andinstall Bitpie, back up the new seed phrase of the account, enter theSetting-Verify Seedto verify it, andtransfer all the cryptocurrencies from the old account to the new account. Fromnow on, do not use the old account for storage. However, do not log out the oldaccount for you can receive forked coins.

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