5. Will I lose my assets if I don't have the recovery phrase?
Yes, without the recovery phrase, you will not be able to regain access to your assets stored in TP Wallet. The recovery phrase is the one and only key to restoring your wallet and retrieving any cryptocurrency or tokens inside it. Therefore, it is crucial to always have a secure backup of your recovery phrase. Some users might ponder if there are alternative recovery methods, but currently, the most reliable method remains the use of the recovery phrase along with any passwords that may have been set up at the creation of the wallet. If you cannot remember or do not have a backup of your recovery phrase, unfortunately, the assets associated with that wallet address may become permanently inaccessible.
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