Adding additional accounts is a great way to manage separate stacks of Bitcoin using a single device. For increased plausible deniability from physical attack, a passphrase can be applied to Passport, which acts as a second layer of security to protect your Bitcoin in the event that someone discovers your seed words.
Multiple passphrases can be used with a single device as another method of segregating funds. Your passphrase is not saved on the device, ensure it is safely backed up!
Add an additional account to Passport. When doing so, Passport will require two pieces of information:
Additional accounts are accessed by scrolling left along the top level menu structure and can be removed at any time from the Manage Account. Once created, each new account must be paired with your preferred software wallet.
This video shows you the steps required to create and manage multiple Bitcoin accounts with a single Passport connected to Envoy.
Applying a passphrase to Passport creates a new wallet that is completely independent of the default wallet created by your 12/24 word seed and will have its own unique list of accounts and receive addresses.
Passport will indicate a passphrase has been applied by showing a small 'P' inside a shield at the top of all account cards. The passphrase will remain applied to the device until:
Once a passphrase is applied, each account must be paired with the software wallet of your choice.
If you already have funds in a non passphrase protected account, then subsequently apply a passphrase and want to move your Bitcoin to the passphrase wallet, you must create a spend transaction to move the Bitcoin to a receive address from the new passphrase protected account.
This video shows you the steps required to apply a passphrase to your Bitcoin cold storage on Passport. You'll then learn how to pair the passphrase protected wallet with Envoy, our mobile companion app.