Trust wallet is a popular decentralized wallet for users to store, manage and transact cryptocurrencies. The mobile application also provides multiple features like enabling access to DApps. This makes it important to backup your Trust Wallet so that you can restore it and your assets anytime.
The app provides a 12-word recovery phrase for this purpose. It is a private key that restores access to your Trust Wallet just like a PIN used to access your account.
What is a Trust Wallet?
Trust Wallet is basically a mobile application that allows users to store, manage and trade cryptocurrencies. The users can manage up to 160 digital assets on the app.
It also has a fully functional web3 browser that users use to access DApps to exploit Defi world, NFTs, or play blockchain games. The app provides access to over 40 blockchains.
How Does Trust Wallet Work?
Trust wallet is a mobile software application that stores the private keys to your crypto holdings.
Your Trust wallet records all the transactions using two keys, i.e., a private key and a public key. Your private key acts like a transaction pin that gives you access to your wallet. For each asset you store in your wallet, a public key is associated with it.
This public key is like the account number that you send to others to receive money. Here, you send it to receive cryptos. That same asset is also associated with a private key which is needed to sign-off transactions.
What is a Recovery Phrase?
It is a human-readable form of the private key of your wallet that can be used to sign in your transactions and claim ownership to the address of the wallet. Just like your email credentials, the recovery phrase needs to be kept securely at a hidden location.
You may lose your crypto if someone discovers your recovery phrase because the other person will be able to access your wallet.
How to Find Recovery Phrase In a Trust Wallet?
Steps to Find Recovery Phrase In a Trust Wallet:
- Step 1: First, open your Trust Wallet app and click on settings.
- Step 2: After going to settings, tap on Wallets. A screen will display different wallets that you are currently having.
- Step 3: In case you have multiple wallets, tap on the wallet for which you want to find the recovery phrase and tap on the ‘i’ symbol.
- Step 4: Move to tap on ‘show recovery phrase for your wallet’.
You will be able to see your recovery phrase. Further, you can move ahead to copy it in the order that it is and note it down somewhere. Lastly, store it so that you don’t lose it. In Trust Wallet, there is a QR code, which you can scan to get your recovery phrase.
How to Restore Trust Wallet?
For restoring an existing wallet, you must have access to the recovery phrase. Usually, wallets have a 12-word recovery phrase that performs like a key to your wallet.
So, you must keep them safe. Recovery phrases are portable and enable the user to transfer their wallet from one self-custody to another.
By recovering an existing wallet using the recovery phrase, you can continue using your wallet.
The steps to follow are:
- Step 1: Install the Trust Wallet application on your device and launch the application.
- Step 2: Select “I already have a wallet.”
- Step 3: Select the wallet type you were using before, multi-coin wallet or Ethereum.
- Step 4: Enter the 12-word recovery phrase.
- Step 5: Click on “import.”
How to Change Trust Wallet Recovery Phrase?
You can not change Trust Wallet Recovery Phrase. Because the recovery phrase holds the key to crypto, the address of the wallet is fixed to a specific set of words.
It cannot be changed through any process. However, you can consider creating a new wallet and transferring your funds to your new wallet. After creating the new wallet, delete the previous one.
Trust Wallet is among the popular wallets for the benefits it provides along with security. To ensure security to your funds, it has employed the 12-word recovery phrase that is stored on your device itself.
Having this recovery phrase is important because if you ever lose your phone or it gets damaged, you’ll be able to access your assets again. Otherwise, you will lose it all.
The restore process is pretty straightforward which involves the use of the recovery phrase. And, within a few seconds, your wallet is back with you with all assets intact.
Frequently Asked Questions
What will happen if I lose my Recovery Phrase?
If you have lost your recovery phrase or have written it incorrectly, you’ll be unable to restore access to the Trust wallet. So, you’ll lose all your funds.
How do I save Recovery Phrase?
You can write your 12-word recovery phrase on a paper. If you feel you need something more durable than paper, you can consider apps like CRYPTOTAG. You can also store it in a password manager or on the note-taking apps on your phone. Whatever you do, make sure you have a backup of your backup.