Treat your backup phrase (aka SEED phrase) with care!

Waves — a platform you can trust. The project’s open code and its architecture based on cryptographic algorithms ensure the reliability, transparency and utmost security of the operations carried out on the platform. But even the most secure methods of protection can be rendered useless if elementary rules are not followed.

  • Safely store your secret phrase (Seed). It’s the key to your wallet.
  • Use official Waves resources (communities on social networks, websites, apps).
  • Before entering your secret phrase or downloading the app, carefully check your browser’s address bar and make sure that you are using an official Waves resource:
  • Do not forget about standard safety measures.

When registering your account, you will be asked to save your secret phrase (Seed) and to protect your account with a password. On normal centralized servers, special attention is paid to the password, which can be changed and reset via email, if the need arises. However, on decentralized platforms such as Waves, everything is arranged differently:

  • You use your wallet anonymously, meaning your account is not connected to an email account or any other identifying data.
  • Your password protects your account when working on a certain device or browser. It is needed in order to ensure that your secret phrase is not saved in storage and that attackers cannot gain access to it.
  • If you forget your password, you can easily create a new one by using the account recovery form via your secret phrase. If you lose your secret phrase, however, you will have no way to access your account. 
  • You cannot change your secret phrase. If you accidentally sent it to someone or suspect that scammers have taken it over, then create a new Waves wallet immediately and transfer your funds to it. Do not forget to save a new secret phrase when creating a new wallet.

One of the most common forms of scamming is phishing, which is when scammers create fake communities on Facebook or other websites that look similar to the authentic ones.

    Read more:

    What is a SEED phrase of your account

    How to restore access to my account

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