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My problem is that I have access to my wallet and I am able to access it with Electrum because I have the passphrase but I somehow misplaced the seed.

Is it possible to decrypt/extract and obtain the wallets mnemonic seed string with said access?

Any time donated towards this issue will be very appreciated.

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From your Electrum toolbar click on "Wallet" and then select "Seed". A new window will open asking you to enter your password, do that correctly and you will see your seed words if you wallet has any (meaning if it is a standard HD wallet not an imported one).

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