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An account is an address that holds LAX, and the key that can spend it. Parallax Wallet keeps every key encrypted with your wallet password, and groups your accounts by kind, in the account switcher at the top of the sidebar and in Settings → Accounts: For how accounts and addresses work in general, see Accounts & addresses.

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Create an account

In Settings → Accounts, choose Create accounts:
  • New recovery phrase (recommended) — 24 words, or 12 with Use 12 words instead. Write them down on paper; the app asks you to type a few back to make sure. The words work in MetaMask and most other wallets.
  • New single key — one account with a key of its own, backed up as an encrypted keystore file.
  • New account from this phrase — the next account from a recovery phrase you already have, backed up by the same words.

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Import an account

In Settings → Accounts, choose Import accounts:
  • Import a recovery phrase — 12 to 24 words from MetaMask or another wallet. The app looks for the accounts you’ve used and ticks them for you to confirm.
  • Import a key — a keystore file with its file password, or a private key typed in.
  • Connect a hardware wallet — a Ledger or a Trezor; see Hardware wallets.
  • Watch an address — only the address comes in, by scanning its QR code or typing it; see Offline signing.

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Finding the right accounts

Wallets keep a phrase’s accounts along different paths. If the accounts you expect don’t appear, look along the path the other wallet used:

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Managing your accounts

From Settings → Accounts you can:
  • Rename an account.
  • Show a recovery phrase, after typing your wallet password.
  • Save backup of a single key: its encrypted keystore file, written where you choose. It opens with the wallet password you had when you saved it.
  • Remove an account, or a recovery phrase with all its accounts. The app warns you and asks you to confirm first: without a backup, removed keys can’t be brought back.
An account that hasn’t been backed up yet is marked No backup.
Anyone with your recovery phrase or a single key’s backup and its password can take your LAX. Keep them offline and private; see Keeping your wallet safe.