Wallet security is very important in the world of cryptocurrency. Recovery Phrases are the key to your security but what happens if you lose your passphrase? Essentially, you lose your wallet. Any funds in that wallet are simply dust in the wind and you'll never see it again.
We have several articles that discuss passphrases and security so if you would like more detailed descriptions poke around our Knowledge Base for additional information.
Since the recovery phrase (also known as seedphrase, mnemonic phrase among others) is so critical to you we now offer two possible options to choose between when creating your Virtue Poker account:
1. Virtue Poker can help me recover my funds - If you are concerned about the possibility of losing your passphrase we can offer to help manage your account. If something happens to your computer and you no longer have access to your passphrase we will create a new ETH address for you, transfer any funds you have in your old ETH address and send that address to you.
2. I'd rather manage my funds - If you are confident and knowledgeable about the use and importance of passphrases feel free to select this option. Note, however, that if you lose your passphrase and have not selected the first option - you WILL lose everything in your account. We're not trying to scare you into selecting the first option, rather trying to give you all the information so that you can make a logical choice for yourself.