Mixin Safe adopts the latest innovations in the Bitcoin industry while still relying on Bitcoin's time-tested cryptography to deliver a secure and reliable decentralized recovery solution.
Recovery by Members
If the owner key of the vault is lost, the vault assets can be recovered through the members key after the recovery timelock expires.
Recovery by Owner
If co-manager keys are lost and the remaining valid keys no longer satisfy the multisig requirement, the vault assets can be recovered through the owner key after the recovery timelock expires.
Recovery Features
Reliable recovery service prevents your Bitcoin from being lost
Keep Your Bitcoin Safe
If your private key is accidentally lost, your assets can still be recovered in a decentralized manner. You can regain control of your assets through the Mixin Safe team or third-party recovery services.
Keep Your Balances Private
Someone who picks up or steals your private key cannot obtain balances or other information with only a single key. With P2WSH, your wallet address cannot be revealed with only one private key.
Recovery Without Stealing
Mixin Safe or a third party can only participate in the recovery operation after the timelock expires, and cannot participate in any transactions during the period. Even after the timelock expires, the recovery operation cannot be completed independently because there is only 1 key.
Safe and Easy Recovery Process
While preserving decentralization and security, the recovery process carefully designed by the Mixin Safe team allows customers to complete wallet recovery safely and conveniently.
Frequently Asked Questions
Don't hesitate to contact us if you can't find your answers here.
Is the recovery solution decentralized?
Yes. The recovery solution is based on multisig and timelocks, requires multiple parties to collaborate, and has no centralized controlling party.
Is the recovery service free?
It is free for Expansion and Prosperity members, while Advanced members need to pay for it.
Can I change the recovery timelock of the vault?
No.
If both the owner key and co-manager keys are lost, can the assets still be recovered?
No.
Can I start recovery if there are unfinished transactions?
Yes. The recovery operation will cancel unfinished transactions first, and then continue the recovery process.