It’s always a good idea to back up your Stellar wallet to protect yourself in case you lose access to your LOBSTR account.
When creating an account on LOBSTR, please make sure you have saved and securely store your wallet information:
1. Recovery Phrase
A 12-word backup phrase is shown to users when creating an account on LOBSTR.
The Recovery Phrase can be used to access your secret key and gives full control over the funds on your account.
You will also need the Recovery Phrase in case of a password reset, adding the secret key to the account, connecting your existing wallet to LOBSTR, and adding multiple Stellar wallets to your LOBSTR account.
The Recovery Phrase is not the same as the Recovery code. Learn more: What is a Recovery Phrase on LOBSTR?
2. Stellar Secret key
A 56-character string starting with an uppercase 'S', representing private information and used to encrypt data and sign transactions on the Stellar network.
To view the Secret key of your Stellar wallet, go to the Home screen > tap your current active Stellar wallet > choose 'Manage Wallets', or directly go to Settings > Wallets > Manage Wallets. Tap the '...' icon next to the corresponding Stellar wallet and choose 'Reveal secret key'.
Attention!
Treat it as sensible info. Do not share your Recovery Phrase and Secret key with anyone and keep them secure. Any person or application knowing your private keys may move your funds without your authorization.
3. Stellar Public address
A 56-character string starting with an uppercase 'G', which is generated automatically when creating a wallet.
To copy the Public key of your Stellar wallet, go to the Home screen > tap your current active Stellar wallet > choose 'Manage Wallets', or directly go to Settings > Wallets > Manage Wallets. Tap the '...' icon next to the corresponding Stellar wallet and choose 'Copy public key'.
4. Stellar Federation address
A unique name of a Stellar wallet, which can be set by a LOBSTR user. It commonly looks similar to ‘username*lobstr.co’.
To copy the Federation address of your Stellar wallet, go to the Home screen > tap your current active Stellar wallet > choose 'Manage Wallets', or directly go to Settings > Wallets > Manage Wallets. Tap the '...' icon next to the corresponding Stellar wallet and choose 'Copy federation address'.
Both Public and Federation addresses can be safely shared with others to receive funds to your wallet.
We (the LOBSTR team) do not have access to users' Recovery phrases, Secret keys, Recovery codes, or Account passwords. That’s the main point of LOBSTR security - we don't have access to users' money.
Learn more:
Security of your wallet on LOBSTR
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