This step by step tutorial explains to you how to create a new Algorand Wallet Account on Pera Wallet.
Your address is a unique string that is used to publicly identify your account. This is what you'll use if you (or others) want to send assets to your account. Your address will look something like this: RL6VDLXCN5G7N2GRTS7YLVDSFT4PVBBUOVTVS7T26OQ5MLXYQKRMI5ADXY
Your recovery passphrase (also called backup phrase or recovery phrase) is the 25-word string that allows you to recover your account.
It is CRUCIAL to record your backup phrase correctly and store it securely. The only way to recover algorand account is with this backup phrase.* Never share your backup phrase, as anyone with access to it can take full control of your account**. The Pera Wallet support team will never ask for your passphrase.
You can create as many Algorand accounts within the Pera wallet, but each account has its own backup (recovery) passphrase. For security reasons, there is no total wallet recovery, only individual account recovery. Use caution when recording and storing your passphrase. It's the only way to recover your account.
Pera wallet is a non-custodial wallet, meaning that you (and only you) are in complete control over the management of your account and the assets in it. No other person or entity has access to your accounts. This also means that no company, corporation, or government could ever take control of your account. Only the person who has the 25-word passphrase can access the assets. However, with this power comes responsibility. If you lose your 25-word recovery passphrase that unlocks the account, no one can grant you access.