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Identifier

This is your wallet identifier. You need it to login to your wallet. It can be replaced with an alias to make it easier to remember from the wallet settings page. If you lose it, it can be recovered if you have access to the email address you have registered with. The wallet under this identifier is stored at our servers encrypted with your password, the one you used to register. If you forget that password you won't be able to decrypt your wallet and as we don't know your password we won't be able to recover it either. But there is another security measure you can take. This is your wallet's seed:

Seed

Back up this seed somewhere safe. Anyone who knows it is able to generate all your private keys, thus having access to your funds. So if you forget your password but you have the seed you can recover your funds.