00:06ah text with a new question it says hey Ian Jeff Carvalho here can I be blunt and say that
00:13the 24
00:14word phrase is just crazy long I have a hard enough time remembering people's birthdays
00:18let alone a phrase like this why is it so long when you activate your ledger you'll receive
00:28a unique and secret recovery phrase consisting of 24 words write it down on a piece of paper in
00:35the right order and verify it this piece of paper is now your recovery sheet put it somewhere no one
00:44has access to but you using this phrase you can always recreate the accounts on your ledger wallet
00:51and access your funds but that also means anyone else who has this recovery phrase can recreate
00:58your wallet too so never ever share these 24 words with anyone especially someone pretending
01:06to be ledger ledger won't ever ask you for these words your ledger device is the only place where
01:13your words are required write them down keep them safe don't store them on your computer or screenshot
01:19them with your phone these are the first places an attacker is going to look if you get hacked you
01:24can actually lose brick or even destroy your ledger device as long as you have your recovery phrase you
01:31simply get a new device and restore but if you lose or someone steals your recovery phrase no one can
01:39help you i'll expand on this a bit in the next video
01:42you
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