Sentences with phrase «recover access to your wallet»

This creates a situation that usually allows you to recover access to your wallet if your password / key is ever lost.

Not exact matches

Then recover your wallet on the app which will give you access to both your Bitcoin or Bitcoin Cash.

But if your CoolWallet is created by number seeds it could not be used to recover on other wallets, which means you can't access your Bitcoin Cash at this moment, but don't worry, your Bitcoin Cash is safe with CoolWallet, and they shall be accessible once CoolWallet support it.

Since the backup phrase gives a bitcoin wallet access to your private key, you can use the 12 - word backup phrase to recover your bitcoin if your device is stolen or damaged.

If the hardware breaks or is lost, then you can restore your access to your currency on a new device from the «seed words» you receive with your hardware wallet (i.e., a string of random words used to restore your wallet and recover your currency).

Which means if you have this phrase, you can recover all your addresses from the wallet and also access to the funds stored at any of such addresses.

A user must backup the private keys as it is used to recover wallet balance in case of mishappening as well as to access the wallet from any device.

This means that if you back - up your Masterseed you will be easily able to recover your wallets if you lose access to the device they were on.

Should you not have access to a back - up or the 12 - word phrase, there is no way that the wallet can be recovered.

The recovery private key ensures that you never lose your funds in the case you not able to access your wallet, you can easily recover your coins if you have your wallet private keys.