How To Recover Wallet in the SafePal App via Mnemonic Phrase (2024)

FAQs

How to recover wallet in the SafePal app via mnemonic phrase? ›

After setting up the SafePal App, you can continue to recover the wallet. Choose 'Software Wallet' ---> 'Import Wallet' ---> ' Import via Mnemonic Phrase', and enter the Security Password you set at Step 2. At this step, enter your mnemonic phrase to recover the wallet.

If you still have your backup phrase:

Open the app and go to the gear icon at the bottom right. Then scroll down and choose Create or Import a Key. Then, choose Import Wallet and the Recovery Phrase tab. Type out your 12 word recovery phrase and click Import to restore your funds.

A mnemonic phrase is a series of words to back up and restore a cryptocurrency wallet. The wallet's software usually generates this phrase, consisting of between 12 and 24 words. It can be used to access the wallet and restore it in case of theft, loss, or device failure.

A mnemonic is a word, short poem, or sentence that is intended to help you remember things such as scientific rules or spelling rules. For example, 'i before e, except after c' is a mnemonic to help people remember how to spell words like ' believe' and ' receive'.

The Passphrase is an advanced security feature that allows users to create hidden wallets under the mnemonic phrase.

Passphrases are used to create unique hidden wallets and control access to them, without requiring a second hardware wallet or recovery seed. This means your funds are safe, even if your recovery seed is compromised.

Your secret recovery phrase is the key to your wallet and controls access to all your crypto. A secret recovery phrase is a set of words that correspond to numbers. These numbers make up a seed integer that generates all of the private keys in your wallet. Each address for every crypto has its own private key.

We do not store any of your personal information on our servers and thus can't recover your funds if you lose your 12-Word recovery phrase. There is no other way to recover a lost Recovery Phrase.

What is the 12 word passphrase in wallet? ›

A 12-word seed phrase acts as a key to unlock access to a crypto wallet and is also the ultimate recovery tool for wallets on the blockchain.

To import a mnemonic phrase, you must:

Select 'Import wallet' on the platform. Click the Mnemonic phrase button and enter the mnemonic phrases for the wallet. Click Start to import. When the pop-up window appears with the message Wallet imported successfully.

What Is a Private Key/Secret Key? A private key generally refers to an alphanumeric string that is generated at the creation of a crypto wallet address and serves as its password or the access code.

Recovering a crypto wallet without a seed phrase isn't easy, but you've got options. Here are some steps to try: Contact wallet software support: Reach out to your wallet provider's customer support. They may have methods to help you regain access to your wallet, but this should not be relied upon.

To import a mnemonic phrase, you must:

Select 'Import wallet' on the platform. Click the Mnemonic phrase button and enter the mnemonic phrases for the wallet. Click Start to import. When the pop-up window appears with the message Wallet imported successfully.

If you forgot to write down your backup phrase you can always access it within the wallet. You just need to enter the wallet with your password. Then go to the Settings tab and find Private Keys. View your phrase and save it in a safe place.