Wallet Backup, Restore & Security Explained
Your Axiom wallet is non-custodial, meaning you control the keys. Proper backup ensures you can recover assets if you lose access.
Recovery Phrase is a 12-word seed that generates your private keys. Back it up immediately after setup. Write it down offline; never store digitally without encryption.
Backup Process involves accessing the phrase in settings, verifying it, and storing securely. Use paper or metal for durability against fire/water.
Restore Process During new setup, select restore and enter the phrase word-by-word. Verify on a trusted device to avoid phishing.
Import/Export Export seed or private keys for migration. Import into compatible wallets, but confirm compatibility with Solana.
Security Features Air-gapped architecture protects from online threats. Enable passwords and 2FA. For Axiom Trade, secure your wallet to prevent unauthorized trades.
Fees Backup/restore is free, but trading fees apply. Use referral and code TradeNow for 20% discount on trading fees.
Axiom Wallet โ FAQ
What if I lose my recovery phrase?
If you lose your recovery phrase, your wallet and all associated assets on the Solana blockchain may be permanently lost, as the recovery phrase is the only way to regain access to your private keys. It is crucial to create multiple backups of your 12-word phrase and store them in different secure, offline locations, such as a safe deposit box or with trusted family members, while ensuring no one else can access them without your permission. Regularly test your backups to confirm they work, and consider using durable materials like metal plates for long-term storage to protect against physical damage.
Is the Axiom wallet secure?
Yes, the Axiom wallet is designed with high security in mind. It is a non-custodial wallet, meaning you have full control over your private keys and no third party holds them. Additionally, it employs air-gapped architecture, which keeps your sensitive data offline during critical operations, protecting against online hacks and malware. However, ultimate security also depends on your practices, such as using strong, unique passwords, enabling two-factor authentication (2FA), avoiding phishing attempts, and keeping your device free from viruses. We recommend regular security audits and using hardware wallets for added protection if handling large amounts.
Can I import my wallet to another app?
Yes, you can import your Axiom wallet into another application as long as it supports the Solana blockchain and BIP-44 derivation paths for seed phrases. To do this, use your 12-word recovery phrase during the import process in the new app. Be extremely cautious when entering the phrase, ensuring you're on a secure device and not exposing it to potential keyloggers or phishing sites. Always verify the app's compatibility and reputation beforehand, and test with a small amount of assets first to confirm everything works as expected without risking your entire portfolio.
Is this financial advice?
No, the information provided here is not financial advice and should not be construed as such. It is intended for educational purposes only regarding wallet management and security. Cryptocurrency trading and storage involve significant risks, including the potential for total loss of funds due to market volatility, hacks, or user errors. You are responsible for securing your wallet and managing your assets at your own risk, and we strongly recommend consulting with a professional financial advisor or legal expert for personalized guidance tailored to your specific situation and jurisdiction.