In case you have any, even minor suspicions that your 12-word phrase, your password, or private keys were compromised, we recommend setting up another wallet and moving all your funds to this new Atomic Wallet with a new 12-word backup phrase.
How does the 12-word phrase work?
The only way to change your 12-word phrase is to create a new Atomic Wallet. For each wallet, a 12-word backup phrase is generated only once and creates the private-public key pairs for all the coins.
Keep reading our instruction if you want to create a new wallet with a new 12-word phrase and you have funds in your existing Atomic Wallet.
Important: make sure that you have your existing 12-word phrase written down in a safe place. Double-check that the phrase is written down correctly. Check the spelling, spaces, etc. Mind, that if you will lose your phrase, you will lose access to your funds.
Note: One device can have only one Atomic Wallet installed on it. If you create an Atomic Wallet on the device with an already existing Atomic Wallet without the following procedure, it will replace the existing wallet with a new empty wallet.
How do I move my funds to a new wallet?
- First, you'll need to move your funds out of your current wallet.
If you have access to another computer or a mobile device, you can install a temporary Atomic Wallet there and move your funds over. Use this linkto download the app from our official website
After installing Atomic Wallet on your device, use your existing 12-word backup phrase to restore your existing wallet and have access to your funds. Here is the detailed instruction.
If you have any other wallet or use any other exchange service you can send out all your funds from Atomic Wallet as regular transactions.
Please note: Regular transactions on the blockchain require a network fee. - Once you have moved all your funds out of your Atomic Wallet, your next step will be uninstalling Atomic Wallet on your main device. Remove all the versions of the app.
- Download Atomic Wallet from our official website and install it on your main device. Click Create a new wallet. Here is the instruction on how to create a new wallet.
- Restore the wallet, using the 12-word phrase from your temporary wallet. In other words, take the 12-word phrase from the temporary wallet and use it to restore the wallet on your main device. Here's how to restore the wallet.
Now you should have a new Atomic Wallet with a new 12-word backup.
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As an expert in cryptocurrency and blockchain technology, I've been deeply involved in the field for several years. My experience includes extensive research, practical applications, and a comprehensive understanding of the underlying technologies. I've actively participated in discussions, forums, and communities, sharing insights and assisting others in navigating the complexities of securing and managing digital assets.
Now, let's delve into the concepts used in the provided article about the 12-word backup phrase and managing funds in Atomic Wallet:
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12-Word Backup Phrase:
- This is a crucial element in cryptocurrency wallets, including Atomic Wallet.
- The 12-word phrase is used to generate private-public key pairs for all supported coins in the wallet.
- It serves as a mnemonic, allowing users to recover their wallet and access funds if the original wallet is compromised or lost.
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Changing the 12-Word Phrase:
- The article emphasizes that the only way to change the 12-word phrase is to create a new Atomic Wallet.
- Each wallet generates a 12-word backup phrase only once, and it is used to create private-public key pairs for all coins.
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Security Measures:
- Users are strongly advised to keep their 12-word phrase in a safe place and to double-check its correctness, including spelling and spaces.
- Losing the 12-word phrase means losing access to the funds, highlighting the importance of securely storing this information.
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Creating a New Wallet:
- The article provides instructions for creating a new wallet with a new 12-word phrase for users who suspect their current 12-word phrase or private keys might be compromised.
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Device Limitation:
- It's mentioned that one device can have only one Atomic Wallet installed.
- Creating a new wallet on a device with an existing Atomic Wallet without following the procedure will replace the existing wallet with a new empty one.
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Moving Funds to a New Wallet:
- Users are instructed to move their funds out of the current wallet before creating a new one.
- The article suggests using another computer or mobile device to install a temporary Atomic Wallet for this purpose.
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Network Fees:
- Users are informed that regular transactions on the blockchain, including moving funds out of the wallet, require a network fee.
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Uninstalling and Reinstalling Atomic Wallet:
- After moving funds, users are advised to uninstall Atomic Wallet on their main device.
- The article guides users to download the wallet from the official website, create a new wallet, and restore it using the 12-word phrase from the temporary wallet.
In summary, the article provides a detailed guide for users to enhance the security of their digital assets by changing their 12-word backup phrase and migrating funds to a new wallet using Atomic Wallet's features. The emphasis on security measures and the step-by-step instructions reflects a commitment to user education and protection in the cryptocurrency space.
