What’s this all about?
From now on, all Rose Wallet accounts must be protected with a passcode. Whether you are using a web version, iOS or Android app, you’ll be prompted to create a passcode next time you open your wallet. Save it somewhere safe because it will be required every time you sign back in.
Why did we do this?
Traditional online banking apps have been using passcodes since they were introduced as one of the obligatory user authentication factors.
Rose Wallet has been always embracing finest security practices of the FinTech industry, and passcode authentication has been implemented in our apps from the very beginning. 、
How does passcode work in your Rose Wallet account?
In Rose Wallet apps, the passcode is used as a second authentication method. Don’t mix it up with 2FA — it requires a separate authenticator app and is used only at login. A passcode is a mandatory security feature and is also used during active sessions. For example, when you enter your Rose Wallet app from a mobile device, you don’t need to input your login and password every time, so the passcode protects your account from unauthorized access.
When will you be prompted to enter the passcode you have safely stored?:
Upon entering any of the Rose Wallet apps
When your app is idle for 10 minutes
The latter will keep your assets safe when you leave your device unattended for some time.
What Rose Wallet apps require passcodes?
All of them. To keep using any of our apps (web app included), you’ll need to create a passcode in the login window. However, there are a few details to mention:
Mobile Rose Wallet: Crypto Wallet apps and the web app are connected. This means you can access the web app with the same credentials and passcode used on your mobile device for the Rose Wallet: Crypto Wallet app. Exceptions are mono wallets which require setting up a separate passcode.
Standalone mono-currency wallets are not connected to Rose Wallet: Crypto Wallet in the same way. That is to say, if you have a passcode enabled for your Rose Wallet: Crypto Wallet app, you will still be prompted to create a new one for your Bitcoin Wallet.
How to enable the passcode in your Rose Wallet app
Since the creation of passcode is now mandatory, we wanted to make the transition process as smooth as possible; if you haven’t enabled it yet, you will simply be prompted to create a passcode next time you enter your Rose Wallet app. Save it somewhere safe for next login.
New users will be asked to do so upon registration
Current users will be asked to create a passcode upon launching their app