What is
A 12-24 word recovery phrase that can restore your entire wallet and all its funds.
A seed phrase (mnemonic) is a human-readable backup of your wallet's master private key. These 12-24 words can regenerate all your addresses and keys. Anyone with your seed phrase has full control of your funds - never share it, never store it digitally, and keep multiple physical backups.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Nautilus is the most popular Ergo wallet - a browser extension supporting all Ergo features including tokens, NFTs, and dApp connections. For mobile, use Terminus. For maximum security, pair Nautilus with a Ledger hardware wallet. Always backup your seed phrase offline.
Buy ERG on centralized exchanges (KuCoin, Gate.io, CoinEx) or decentralized exchanges (Spectrum Finance). First create a wallet (Nautilus recommended), then purchase ERG and withdraw to your wallet. Never leave large amounts on exchanges - self-custody is key.