If you’re a cryptocurrency wallet user, then you know how important it is to keep your secret recovery phrase safe. If you lose access to this phrase or forget it, then your funds will be gone forever! In this article, we will go over what a Secret Recovery Phrase is and how to secure them so that they stay safe no matter what happens.
What is a Secret Recovery Phrase?
This phrase is 12 words long and is generated randomly when you create a new Metamask account. As the secret recovery phrase is the only way to recover your wallet account if you lose your password, it is critical that you keep it safe and secure.
It should be noted that this phrase cannot be used for other purposes than recovering the account and has no impact on its security whatsoever.
Why is it essential to have a Metamask secret recovery phrase?
In the cryptocurrency world, one of the most important things you can do is to keep your funds safe. One way to do this is to use a digital wallet, which allows you to store your coins in an offline environment.
How to safely store your secret recovery phrase?
It is important to keep your Metamask Secret Recovery Phrase secure. First, you should never store your secret recovery phrase on an online device or in a cloud service like Dropbox or Google Drive. These services are not secure and could be hacked, which would put your recovery phase at risk.
Instead, you should store your secret recovery phrase on an offline device like a USB drive or even a piece of paper. If you’re worried about losing the USB drive, you can always encrypt it with a password (although this adds another layer of security that you’ll need to remember).
On paper, you’ll need to write it down and keep it in a safe place. Make sure to keep at least two copies in case one is lost or destroyed. Also, ensure that you have backed up both your Seed Phrases and Private Keys in a safe location (such as a hardware wallet).
How to create a Secret recovery phrase?
Creating a Metamask secret recovery phrase is very simple. All you need is to follow the screens shown below and it will get generated instantly. Keeping it safe and secure should be your priority.
Creating secret recovery phrase for the first time
Let’s first start with the Metamaska browser extension.
First, you need to install the extension from the Google Chrome extension repository. Click this link to download. Then click on Add to Chrome and then click on the button that says add extension in the pop-up box.
After installation click on the fox icon on the extension panel of your browser. It will take you directly to the webpage of Metamask wallet. You will see a welcome page asking you to click on the get started button as shown below.
The next page is T&C, go through it and then click on agree. The next page is to either create a new wallet or import your old wallet using the Metamask Secret Recovery Phrase. As we are setting up the wallet for the first time, click on create a wallet.
On the next page, you will be asked to set up a password and also accept the Term of use and after you have done everything you need to click on create.
The next page is all about the introduction. If you want you can go through this page if not then you need to click on next. You will now be asked to create a secret recovery phrase as shown below.
The next screen you would see is to reverify the given Metamask Secret Recovery Phrase. Please do remember you need to enter the security phrase exactly the same order as they are shown when created.
Where to find secret recovery phrase on the browser extension?
In order to find out where your security phrases are stored you need to go to>> settings after you have logged in to the wallet>>then click on settings>>security & privacy and then click on reveal security phrase. Please remember you need to enter the password.
Download the wallet on your mobile device and after installation, you need to follow the screens as shown below. Since capturing screens is disabled as a security measure on the Metamask mobile wallet. We had to capture those screens using another mobile camera.
Therefore the image will not be up to the mark as you might need to tilt your head to see them clearly. Still, we go those images for you.
The first screen would be to accept and not accept as always with any mobile app. Please click on accept and on the next screen you will ask to first create a password for your wallet as shown below.
After you have input the desired password the next screen you will see is for creating Metamask’s secret recovery phrase. You would get an option to skip the step and it is highly recommended not to miss this process.
As skipping this process might result in a loss of funds therefore please go ahead and start the process. You will be displayed 12 phrases in numerical order. Write those down as per the order as you have to manually input those phrases in the same order on the next screen.
After confirmation, your new Metamask wallet will get activated. If you had skipped this process then which screen should you need to go to?
Where to find the secret recovery phrase on android mobile wallet?
This process is very simple as after logging into your wallet you need to tap on the hamburger menu at the top left-hand side and then tap on settings. The next menu option that you need to tap on is Security & Privacy. The next screen that you will see is below.
All you need to do is to tap on the first button that says Reveal Secret Recovery Phrase. If you had skipped the creation of the Secret Recovery Phrase earlier then this is where you can create one. You do have the option to change your password here.
If your Metamask is lost, stolen or damaged and you can’t access it anymore, then this guide will help you recover your funds using a secret recovery phrase. This technique isn’t only limited to ETH and ERC-20 tokens; all of your wallets will work with similar principles.