While exploring the crypto world, you may have heard of the term ‘seed phrase’. However, not all platforms may give you one, so how can you determine when you’ll need a seed phrase? Here’s a guide to show you the different scenarios when a seed phrase is needed, and when it isn’t.

Which crypto platforms have a seed phrase?

As a general rule, all non-custodial wallets like Metamask or Trust Wallet will provide you with a seed phrase, as you are in full control of your funds. Meanwhile, centralised exchanges like Binance or KuCoin do not provide you with a seed phrase, as your funds are under their custody. A seed phrase acts as a master password, and it is used to restore your wallet on another platform. Non-custodial wallets...