About Account Recovery (Advanced)

Overview

The Account Recovery (Advanced) section provides expert users with access to critical security features including optional recovery phrase generation and account key management. These settings are designed for advanced users only and should be handled with extreme care, as incorrect modifications can result in permanent loss of access to your funds.

Accessing Advanced Security Settings

To access your advanced account recovery options:

  1. Navigate to your Account Settings page
  2. Locate the Account recovery (Advanced) section
  3. Click View settings
  4. Read the warning message carefully
  5. Check the box confirming "I am an expert and I understand the risks"
  6. Click Reveal Advanced Settings

⚠️ Important Warning: You will see a security warning before accessing these settings. This warning exists because incorrectly modifying these settings could lead to permanent loss of access to your funds. Only proceed if you fully understand account key management and recovery processes.

Features

Recovery Key (Mnemonic)

The recovery key is an optional 12-word mnemonic phrase that you can create as an additional backup method to restore access to your account. This recovery phrase does not exist by default and must be actively generated if you want this extra layer of account recovery.

What a recovery phrase provides:

  • An additional backup method beyond your device keys
  • Account recovery capability if you lose access to all your devices
  • A human-readable backup that can be stored offline

Important considerations:

  • Once generated, store it securely offline in multiple locations
  • Never share your recovery phrase with anyone
  • Anyone with access to this phrase can control your account
  • If you choose not to create one, ensure you maintain access to at least one active account key at all times

To generate a recovery phrase:

  1. Access the Advanced Security Settings (follow steps above)
  2. In the "Recovery Key (Mnemonic)" section, click Add Recovery
  3. Follow the prompts to securely generate and store your 12-word phrase
  4. Write down the phrase and store it in a secure location before completing the setup

Account Keys

This section displays all cryptographic keys associated with your account. Each key represents a method you can use to access your Peak account.

What you'll see for each key:

  • Name: Identifier for the key type
  • Key address: Truncated cryptographic address (e.g., 0xe55a7d...e6b0cb7b)
  • Status: Whether the key is Active or Inactive
  • Added date: When the key was created (if applicable)
  • Options menu (⋯): Additional actions for managing the key

Common Questions

Q: Do I need to create a recovery phrase? A: No, it's optional. You can choose whether to create one based on your security preferences.

Q: What happens if I don't create a recovery phrase? A: Your account will function normally. Just ensure you maintain access to at least one of your active account keys (devices with passkeys or biometric authentication). If you lose access to all keys without a recovery phrase, you cannot recover your account.

Q: What happens if I lose my recovery phrase? A: If you lose your recovery phrase but still have access to at least one active key (device), your account remains accessible. You can generate a new recovery phrase if desired, though you may want to contact support for guidance on the best approach.

Q: Can I have multiple active keys? A: Yes. Having multiple keys (multiple devices, passkeys, etc.) provides redundancy and convenience while maintaining security.

Q: What if I remove all my keys by accident? A: If you've created a recovery phrase, you can use it to restore account access. Without a recovery phrase, losing access to all keys means permanent loss of account access.

Q: Why do I need to confirm I'm an expert? A: These settings control the fundamental security of your account. The confirmation ensures users understand that mistakes in this section can have permanent, irreversible consequences.

Need Help?

If you're unsure about any of these settings or need assistance with account recovery, please contact our support team before making any changes. Our team can help you understand your options without putting your account at risk.