Wallet password

Your goodcryptoX wallet is secure by default — its private key is protected by distributed MPC and access is tied to your goodcryptoX account. You can sign in from any device and use your wallet without needing to remember anything extra.

That’s why, for most users, we recommend not creating a wallet password. Adding one increases security but also introduces risk: if you forget it, we cannot recover it for you.

That said, advanced users who want full non-custodial control can optionally create a wallet password. Read on to learn how.

Using wallet without the wallet password

When you first create a goodcryptoX wallet, its private key is split betwen two secure cloud providers (see wallet architecture for details). As long as you're signed into your goodcryptoX account, you have access to your wallet.

Your wallet is already protected by MPC and never exposes your private key, even to goodcryptoX. But without a wallet password, this setup is technically semi-custodial: no single party can access your wallet, but theoretically, several parties together might.

To go fully non-custodial — where no one but you can ever access your wallet — you can create a wallet password. This password is known only to you. Once you set it up, no one can have access to your wallet, even theoretically (again, see wallet architecture). On the other hand, if you forget it — no one will be able to help you recover your funds.

You can:

• Use no password at all ✅

• Set a password only for your Solana wallet

• Set a password only for your EVM wallet (Ethereum, Base, Arbitrum, BNB Chain)

• Set passwords for both (separately — they are not shared)

Setting wallet password

To set your wallet password, click on Set password in the wallet tab:

Choose a password that’s easy for you to remember. It can be a word, phrase, number — anything. But if you forget it, you will lose access to your wallet on new devices.

Once saved, your wallet password will be active and your wallet will become fully non-custodial on that network:

Accessing wallet on new devices

After setting a wallet password, you’ll need to enter it when logging into your goodcryptoX account on a new browser or device. You’ll see the Setup wallet prompt and the red dot next to your wallet address:

Clicking on any of them will ask you to enter your wallet password:

Once you enter it - you will regain access to your wallet. You will only need to enter your wallet password once per device.

Changing wallet password

You can change your wallet password at any time - simply click 'Change password' in the wallet tab. You will be asked to enter your current wallet password and set the new one:

If you use your wallet across multiple devices, you’ll need to enter the new password on each device after changing it.