User Guide: Secret Recovery Phrase

1.Intro to Secret Recovery Phrases

One of the keytechnologies underlying CLV Wallet, and in fact, most user account-related tools in the crypto industry, is that of a Seed Phrase, or as it’s referred to in CLV Wallet, your Secret Recovery Phrase.

Your accounts are mathematically derived from your Secret Recovery Phrase (SRP). You can think of the SRP as a keyring that holds as many private keys as you want: each one controls an account.

Seed phrases as we know them today were codified for usage in Bitcoin, according to a standard referred to as Bitcoin Improvement Proposal 39, or BIP-39. In simple terms, a series of words are selected with a high level of randomness from a specific list of words. In CLV Wallet and many other Ethereum-compatible technologies, there are 12 words in a seed phrase. Some older seeds generated by the Brave browser, and some hardware wallets, use 24-word phrases.

2.Important to keep in mind

(1)The Secret Recovery Phrase is the code that can give you access to your wallet; however, the CLV wallet does not keep or store your SRP. Therefore, you are the only custodian of your wallet.

(2)Accounts with addresses are stored on the blockchain, and these private keys unlock those accounts.

(3)If you uninstall the app or the extension, then the local version of the data is gone (the notable exception being the vault), but any transactions you performed with that local version of CLV Wallet will have been recorded on the blockchain.

(4)CLV is a multi-chain wallet, meaning you can import accounts from other Wallets from any blockchain network.

(5)Write down your Secret Recovery Phrase somewhere safe, preferably on a notepad.

(6)When applying your SRP, double-check the spelling of each word and the order of each word.

(7)Reach out to CLV Support’s official channels if you need help.

(8)DO NOT Provide your Seed Phrase to anyone, even if they say they’re from CLV Wallet Support.

(9)For your safety, DO NOT Keep it in an easily discovered location, e.g., in a cloud-saved document or email titled “Seed Phrase”; or on a post-it note stuck to your computer.