This walkthrough demonstrates how to generate and store a seed phrase in Vault12 for use in initializing your crypto wallet. Once stored, your seed phrase is automatically backed up and ready for your assigned Guardians to help you protect.
In this guide, we we'll discuss how to use Vault12 to generate a new seed phrase, and then automatically back it up.
Note: The terms "seed phrase" and "backup code" are used interchangeably.
Once all of that is done, the seed phrase can then be used to initialize the preferred wallet of your choice.
Before you complete any of these steps, you want to check out our Wallet Guides. We've compiled security option instructions for some of the most popular wallets, including details on how to initialize your wallet, or import a seed phrase (if supported by the wallet).
To generate a seed phrase in Vault12 and use it to initialize your wallet, you will need to complete the following steps:
- Confirm Digital Vault setup.
- Generate a new backup code.
- Configure and generate backup code.
- Initialize or import wallet.
- Automatically back up your wallet.
1. Confirm Digital Vault setup
In order to generate a backup code, you must have a working Digital Vault. If you haven't yet created a Digital Vault, and assigned your personal Guardians to protect it, please follow these instructions.
2. Generate a new backup code
To generate a new backup code, go to your Vault12 Dashboard and click on "Add Asset." This gives you several options - select "Backup Code," which will enable you to generate and add backup codes.
Select a wallet vendor, or search for the wallet that you plan to use. If you don't see your wallet, you can add a custom wallet name.
Select Backup Code
Select or search for a wallet vendor
3. Configure and Generate Backup Code
For this example, we've selected the BRD wallet type. You'll be asked to choose how many words will be in your generated code. It's important to note that not all wallets support all of these options, so it's worth it to check your wallet documentation to decide which option is best for you. In general, the more words there are in the seed phrase, the more secure it will be.
Back to our example, our BRD wallet is ready for a 12 word seed phrase.
Decide how long your seed phrase will be
Remember to check your wallet to determine the right length for the seed phrase
Once you select the word count, Vault12 will start generating your unique seed phrase.
Creating the seed phrase
Completed seed phrase
To learn more about Vault12's research into random number generation (on Apple iOS devices in particular), see this blog post on How to get true randomness from your Apple device.
4. Initialize or import wallet
It takes just a few seconds to complete, and now your new seed phrase is ready to enter into your wallet.
Copy each word from Vault12 into your wallet consecutively, and click the checkbox next to each word after it is entered into your wallet to keep track of your progress. Double-check your entries - it is critical to not make an error in this step.
Add your seed phrase words into your wallet
Add your newly generated seed phrase to your Vault
5. Automatically back up your wallet
Once you've initialized your wallet, make sure you press the "Add to Vault" button to automatically add your newly generated seed phrase to your Vault.
Once in the Vault, your seed phrase will be encrypted, split, and distributed to your assigned Guardians for protection.
Seed phrase being shared
Locked asset in your Vault
By default, your asset will remain locked. To unlock and access your seed phrase, please check out this article.
Once unlocked, your seed phrase will be displayed so that you may enter it into a new wallet of your choice.
Note: The asset will automatically lock after 2 hours.
Unlocked seed phrase in your Vault
Next Up From Vault 12
Inheritance and self-custody for CryptocurrencyVault12 Explainer
Vault12 Product Demo
Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way to ensure cryptocurrency, NFTs and other Web3 digital assets can be inherited by future generations.
Digital Inheritance enables investors to designate an individual or a mobile device as a guardian that will inherit their entire portfolio of digital assets inside a secure digital Vault once the time comes, eliminating undue risk and the need to continually update an inventory or issue updated instructions which result in privacy leakage.
Designed to be used alongside traditional hardware, software, and online wallets, Vault12 helps cryptocurrency owners, professional crypto traders, and high-net-worth investors safeguard their digital assets without storing anything in the cloud or in fact, any one single location. This increases protection and decreases the risks of loss.
(Note: The Vault12 app is not a crypto wallet and does not hold cryptocurrency. It is a Vault that safeguards your wallet seed phrase and private keys, associated files for NFTs, and digital art).
The Vault12 app helps you self-custody, backup, and provide legacy inheritance for all your web3 digital assets, including NFTs, wallet seed phrases, secrets like keys, PIN codes, DAO project keys, and digital art.
Whether your digital art is suitable for a phone, or represents much higher resolution multimedia, make sure that you have backed up a copy in case the resource link is disrupted in the future. Digital art can easily be added to the Vault either via the mobile app or via the desktop utility. Once you have stored your artwork in your Vault, it will also benefit from inheritance once you activate that in your app.
As a creator you can use Vault12 to safeguard not just your NFT and crypto wallets, but also original digital artwork. Project creators will always have to deal with multiple wallets - inventory, treasury as well as future royalty wallets.
Vault12 safeguards your project assets, increasing protection and decreasing the risks of loss, whilst ensuring that everything is ready to go to be passed onto future generations, when the need arises.