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What happens if you reset MetaMask wallet? Do we lose our money?

By James Dean
Sep 26, 2022
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This article will mainly focus on what resetting MetaMask wallet means, and how to reset your MetaMask wallet. And, before getting into it, please backup your secret recovery phase first. You might never be able to access your account again if you begin the reset procedure without it. That means you are going to lose your money. If you have done it, let’s jump right into how to reset MetaMask Wallet.

What does a wallet reset mean?

A wallet reset essentially deletes your Secret Recovery Phrase and your accounts from the software, restoring your MetaMask Extension or Mobile app to the state it was in when you first downloaded it. You will have to input your Secret Recovery Phrase once more to get access to your wallet following a reset. Currently, only Mobile users may access the wallet reset feature. But Extension also lets you reset your wallet.

So, basically, there are two different versions: Extension, and Mobile. We will talk about the former one first.

How do I reset my wallet? (Extension)

- You must first uninstall MetaMask from your device.

- You must do this via the extension settings in your browser rather than the app itself. For instance, you may just right-click the extension icon in the top right corner of Chrome and select "Remove from Chrome.".

- And then reinstall MetaMask.

- You will get a welcome message when you reinstall the MetaMask Extension. Click the link.

- You'll now have the choice of importing an existing wallet or making a new one. In this instance, we merely want to import because we're resetting.

- Enter your desired password and your secret recovery phrase in lowercase only. You should now be able to access your wallet in Extension as usual if you input your Secret Recovery Phrase accurately at the beginning of the process.

How to reset my wallet? (Mobile)

- By hitting the hamburger menu symbol in the top left and choosing the lock option at the bottom, you can lock your account.

- Then select "Reset wallet" from the lock screen.

- You will see a warning message telling you not to move forward unless you have your Secret Recovery Phrase. To confirm your action, tap through and then input "delete" in the field on the following screen.

- Then select "Import using Secret Recovery Phrase."

- Enter your secret recovery phrase, being sure to separate the words with spaces in lower case. Additionally, you must select a password.

- You're done when you successfully enter your Secret Recovery Phrase.

Summary

The transaction history is essentially reset when you reset since MetaMask views the network ID as a clean network in a new state. Keep in mind that your account reset only applies to the current network. We advise that you download your state logs prior to restarting. You cannot remove your wallet from the system. It will always be there on the blockchain once it is built. You can, however, remove the mobile app or the MetaMask extension from your browser.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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