What makes a blockchain wallet different from a traditional bank account?

Modified on Wed, 18 Mar at 5:33 PM

A traditional bank account allows for password resets, fraud support, and account recovery through the institution.


A blockchain wallet does not work this way.


With your Prosper Wallet:

  • You are fully responsible for access and security

  • There is no recovery process for lost seed phrases

  • No support team can restore access if critical information is lost


This structure is what gives you full ownership, but it also requires a higher level of personal responsibility.

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