Here is a question,
isn't the recover seed use to recover all your data. If I did:
"Wiping the device removes all its information.
Only wipe your device if you have your recovery seed at hand or there are no funds stored on this device."
If I wiped the device completely wouldn't I be able to recover from the recovery seed? Or does this mean I delete all my funds? I was under the assumption which I could be wrong is that when I use the recover seed everything would be restored even if I wiped the device. Is this correct?
A wipe means deleting everything FROM THE DEVICE.
Then, you can use the seed to RESTORE those informations (addresses and private keys). In Bitcoin, the coins are in the public blockchain and not in the wallet itself. What its being hold in the wallet is the password/key to the address and its coins.
Its like having a key to your house. If you lose/dispose it, you dont lose your house. You can just use your backup key to unlock the door.