WARNING! Important basics to know before setting up a backup
The next step involves creating a paper backup of your Bitcoin wallet, which you will need to recover access to your Bitcoin if your computer is damaged, lost or stolen.
The backup consists of a series of words generated randomly by the Bitcoin wallet.
Example of a 24-word backup.
These words, in combination with your password, allow you to recover access to the keys of your Bitcoin wallet in case you lose them.