What is a Recovery Key in Bitcoin Keeper?

In Bitcoin Keeper, a Recovery Key is a crucial element of securing your bitcoin. It serves as a master key from which multiple child keys are derived, using a process based on the BIP-85 protocol.

How Does It Work?

The Recovery Key is created first and holds the power to generate other keys—called child keys—without the need to store multiple secrets. Since it follows the BIP-85 protocol, the process is deterministic and secure. From a single Recovery Key, you can generate a series of independent keys that can be used for various purposes like creation of different bitcoin hot wallets and Mobile Keys.

Why Is It Important? 

A Recovery Key simplifies and strengthens your security. Instead of managing numerous keys, you only need to safeguard one—the Recovery Key. If you ever lose access to your child keys, you can regenerate them using the Recovery Key. It’s a backup solution that gives you peace of mind, knowing your bitcoin, if lost, are still recoverable.

In short, the Recovery Key is a master tool that ensures both security and convenience by allowing you to manage your bitcoin with confidence.