• How to safely store my funds?

  With worldwide interest in blockchain technology and cryptocurrencies increasing at a fast pace, many newcomers are starting to learn about the industry and how to transact with cryptocurrencies, including Cardano ADA. We have put together a checklist for new Cardano ADA users on how to do this with a few simple tips. Self-custody and store your Cardano ADA in Yoroi or a hardware wallet After acquiring Cardano ADA, it is best to always move it off an exchange or any third-party custodianSome readers

• About recovery phrases in Yoroi

  Every time you create or restore a Yoroi wallet, you will be given or asked for a secret list of words that grants full access to your funds. This list of words can be called a recovery phrase, mnemonic phrase, backup phrase, or simply mnemonic. In Yoroi, this is called your recovery phrase. What is a recovery phrase? Your Yoroi recovery phrase is a human-readable backup of your wallet’s private keys, generated when you first create the wallet. Anyone who has this phrase can restore thFew readers

• About passwords in Yoroi

  Every time you make a transaction with your Yoroi Wallet Extension (desktop) and Yoroi Mobile, you will be prompted to enter a specific user-generated password to confirm or authorize it. In Yoroi, this is called your password. What is a Password? Your Yoroi password is an additional layer of security designed to protect your Cardano ADA and other supported assets. This password is created during the initial setup of your Yoroi wallet and is required to authorize transactions and certaFew readers

• Where do I store my private keys?

  Private keys are stored encrypted on your device and are never shared with any external server. They are not transmitted to Yoroi’s infrastructure or any third party under any circumstances. Yoroi will never ask for your recovery phrase or private keys, even for support purposes. This means you are fully responsible for securely storing your recovery phrase, because it is the only way to restore access to your wallet. If you install or restore the same wallet on multiple devices using theFew readers

• How do I log out of Yoroi desktop extension?

  The Yoroi browser extension does not have a dedicated “log out” or “lock” button. Instead, access to your funds is protected by your wallet password or hardware wallet and by the security of your device and browser session. Even if someone can open the Yoroi extension and see your balances, they cannot send ADA or tokens without: The correct wallet password, or Physical access to, and confirmation on, your connected hardware wallet (Ledger/Trezor). This means simply viewing the exteFew readers