Henry John M353_ Moore

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What is a hardware wallet backup and why is it important?

A hardware wallet backup ensures that funds can be recovered if the device is lost, stolen, or damaged. The backup usually takes the form of a seed phrase generated during wallet setup. Without it, funds cannot be restored. Proper backups should be written down and stored in secure locations, never digitally. Some users use fireproof or waterproof metal plates for added durability. Backups must remain private—anyone with access can steal funds. Keeping multiple secure copies ensures resilience against accidents and theft, making backups as important as the wallet itself.