Understanding and Securing Your Recovery Phrase
The Recovery Phrase is the private key to your wallet and the key to accessing your assets. It is critical to handle it with care. Here's what you need to know and do:
Key Points
-
24 Words in Total
- Write down all 24 words in the exact order they are presented.
- Use a physical medium, like a piece of paper, to record them. Avoid storing them digitally to prevent potential hacking.
-
Self-Custody
- You are solely responsible for safeguarding your recovery phrase.
- If the recovery phrase is lost, it cannot be recovered by anyone, including the PUNDI Wallet developers.
-
Backup Before Use
- Ensure you back up your recovery phrase before receiving coins or uninstalling the app.
How to Back Up Your Recovery Phrase (If Not Done During Wallet Setup)
- Open the PUNDI Wallet app.
- Navigate to Settings and select Back up.
- Accurately write down the 24-word recovery phrase in the order displayed on your screen.
- Confirm the recovery phrase by entering the words in the correct order as prompted.
- Once confirmed, your backup is complete.
Important Reminder
- Store the recovery phrase in a secure location, such as a safe or another protected area.
- Never share your recovery phrase with anyone. Sharing it can compromise the security of your wallet.
By following these steps, you'll ensure that your assets remain secure and accessible.
Comments
0 comments
Article is closed for comments.