This random number is what ultimately secures your Bitcoin. It might not look like much ... mnemonic seed above is a binary number in an encoding scheme mapping specific strings of 1s and 0s to words.

According to them, he just has to use the right words. READ MORE: Man desperate to recover £569m Bitcoin ... "key" is on the hard drive and if he has some record of the 'seed phrase', a series of ...

The wallet is generated from a set of random words. Many wallets will generate ... These words comprise what is known as your private key. When entered into a bitcoin wallet device or software ...