Social Recovery
A wallet recovery method that lets trusted people or devices help restore access if you lose your private key or password.
Social recovery is a wallet security design that helps you regain access to a crypto wallet without relying on a single seed phrase. Instead of one secret controlling everything, the wallet lets you appoint trusted “guardians,” such as close friends, family members, another device you own, or a security service. If you lose your phone, forget a password, or misplace your seed phrase, a required number of guardians can approve a recovery process that moves control of the wallet back to you.
It matters because losing a private key can permanently lock you out of your assets, while storing a seed phrase in one place can create a single point of failure. Social recovery is commonly used in smart contract wallets, where rules can be programmed into the wallet itself. For example, you might set five guardians and require any three to approve recovery. This can be more user-friendly than traditional backups, but it still requires careful guardian selection and protection against collusion, coercion, or compromised accounts.
Other terms in Wallets & Security
Address Poisoning
A wallet scam where attackers plant lookalike addresses in your transaction history so you might copy the wrong recipient later.
Approval Phishing
A scam that tricks users into granting a malicious wallet or smart contract permission to spend tokens from their wallet.
BIP-39
A standard for turning wallet backup data into a human-readable seed phrase, usually 12 or 24 words.
Crypto Wallet
A tool that stores and manages the private keys needed to access and use cryptocurrency on a blockchain.