Secure your recovery phrases to ensure the long-term safety of your digital assets.
What is a recovery phrases?
- Your recovery phrases may also be
called:seed, seed phrase, recovery phrase, BIP-39 phrase
(or various combinations of these words)
- It is an ordered list of words containing all the information needed to
recover the wallet (i.e. access to the bitcoin or other cryptocurrency funds
on the chain)
- Recovering phrases provides full access to the wallet in question (the
private key is derived from the seed math) - that's why you have to secure
it
Recovery phrases, as a friendly method of wallet
backup, were introduced as part of Bitcoin Improvement Proposal
39 (commonly referred to as "BIP-39").
Your recovery phrases is a random number in "plain English",
and all your keys and addresses are derived from math.
- Your recovery phrases is an ordered sequence of 12, 18 or 24 words chosen
from this list of 2048 words
- When you back up your seeds, the words must be copied down in the
order they appear
- It's important to ensure the privacy and security
of the recovery phrases so that your cryptocurrency is never at
risk
- Having a secure backup of your recovery phrases means you can recover your
bitcoins in the event of hardware failure or device loss
- Your Forsa derives your private key from your recovery phrases, which can
then be used to spend your bitcoins.
- We will never ask you to provide a recovery phrases!
- Scammers may pose as members of the Forsa support team
on social media and chat forums, trying to convince you to share your
seeds)
with the intent of stealing your security information (recovery aids, PINs,
passwords, etc.)
Record and store your recovery phrases
The physical security of the Recovery phrases is even more important than the
physical security of the device.
Your Forsa hardware wallet comes with
multiple Recovery phrases cards, which you should use to write down Recovery
phrases words when backing up your device - a highly recommended step when
setting up your Forsa.
If your Forsa is lost or stolen, it is highly unlikely that someone without your
PIN will be able to access it. However, if someone steals your recovery phrases,
they can easily access your tokens using a different device or
wallet.
When backing up your device, you should.
- Make sure all words are spelled and in the correct order
- Never make a digital copy of a recovery phrases card (this includes
backing up via Dropbox, email, encrypted folders, or taking
pictures)
- Protect your recovery phrases aid cards from theft and
damage