Each Monero wallet has a unique sequence of words (mnemonic) called a wallet seed (or "recovery seed").
Your keys - your crypto! You can take your Monero wallet to many Monero software wallets, and see your transactions and spend your money. It's an open standard
We will now generate a new Monero seed. You must write it down. If you do not write it, you cannot recover your wallet in the future. We keep no record of your seed and cannot help you rescue it.