How to use recovery phrases
Secure your recovery phrases to ensure the long-term safety...
Forsa's Passphrase feature is a way to increase asset security by creating a unique hidden wallet. This helps protect your account from unauthorized access.
Use the password phrase only when you understand how it works. Funds protected by it cannot be recovered without a code phrase!
As part of the initialization process, your Forsa device generates a random
number that is converted to a recovery mnemonic and stored in memory. Your
Forsa device uses this string of standard English words to generate your
private key, which acts as a "master access key" to unlock access to your
Bitcoin funds.
By using a Passphrase, you are actually adding an extra
word to the seed phrase, creating a whole new "hidden wallet".
In fact,
you can generate as many password-protected hidden wallets as you need, but you
must be extremely careful not to lose any passwords. Remember, if you lose your
password, you won't be able to access any of the funds stored in the hidden
wallet!
Essentially, whenever the Forsa device is used, it
derives a cryptocurrency wallet using the following (extremely simplified)
formula.
This can be summarized using the following schematic diagram.
In this schematic, wallet "A" corresponds to the standard wallet, while
"wallet B" and "wallet C" correspond to two unique password-protected hidden
wallets.
The password phrase is used to create unique hidden wallets and
control access to them without the need for a second hardware wallet or recovery
mnemonic.This means that your funds are safe even if your recovery
phrases is compromised.
Although your recovery booster is randomly generated, you can choose your own password phrases.
By default the Passphrase feature is turned off. You will only be able to view your hidden wallet if you reconnect the Forsa App after turning on Passphrase on your device.
I've lost my Forsa! Can I recover my password-protected
wallet?
First, there's no need to panic. You can use a second
Forsa device to recover an existing account using a recovery
booster.
You can immediately enable the password phrase feature and once
your recovery booster is loaded on your device, simply enter the exact same
password phrase you created for your hidden wallet.
What are the
benefits of using the password feature?
Passwords protect your
Recovery Phrase and are not stored anywhere, which means if someone breaks your
Recovery Phrase, they won't be able to access your account - unless they also
know each password.
You can create as many new passwords and associated
wallets as you like. This means you can reallocate balances for added security,
or just to help you organize your account.
What are the risks of
using the password phrase feature?
Please take all necessary
precautions to save your passwords for future reference