The Recovery Phrases comprise your private key. Since all the information you handle on TransferChain is encrypted with your key on your device, these Recovery Phrasings are the sole representation of this key, uniquely generated for you.
It is essential to store the Recovery Phrases in a safe place and not lose them, as you will need them to access your data after logging out from your account or changing devices. Using the recovery phrases is the only way to access your data.
Recovery Phrases will allow you to synchronize your account with another device and restore your data. Recovery phrases should not be shared with third parties, as doing so could result in privacy and security issues
If you want to know more about the "Recovery Phrase" you can check this article.
What should I do with my Recovery Phrase?
We advise keeping your recovery phrase on paper, away from your devices, which is the most secure option.