Passphrase Overview
The next step involves creating a passphrase. This prevents you from getting your funds stolen if someone gets access to your device and its PIN or to your 12-word backup.

What is a passphrase?

  • It acts as a password that you add on top of your wallet backup (12-word seed phrase).
  • You can create as many passphrase-protected wallets as you like, with each new passphrase generating a completely new wallet.
  • It serves to protect your funds in case your 12-word backup is compromised (stolen, someone else sees it), since it is required to gain access to your funds.
  • The default wallet does not have a passphrase, adding one gives you plausible deniability, since little to no funds can be held on the default wallet, with the majority held on the passphrase-protected wallet.
  • If someone comes into contact with your 12-word seed or digital backup, they wonโ€™t be able to steal your funds since they also need the passphrase to unlock the funds.
Whoever has access to both the passphrase and the 12-word seed phrase can steal your funds.
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