What is a Master Password and why you should keep it safe.
– A few good trades with Blazing Bot could make you a millionaire, it would be a shame to lose your million just because you forgot your master password.
On-chain security issues have cost traders millions of dollars. A well-known (not dancing on other’s graves) bot suffered a breach that wiped out $3.5 million worth of tokens. The exploit wasn’t complex—it took advantage of unsecured private key storage and improper contract approvals.
Blazing Bot was built differently, designed to avoid these risks. The master password is at the core of this design, offering a level of security that keeps your funds under your control, no matter what happens.
What the master password does
Your master password is the key to encrypting and protecting your private keys. Unlike systems that use a shared encryption key for all users, Blazing Bot ensures every user has their own. This prevents attackers from compromising multiple accounts through a single vulnerability.
Blazing Bot doesn’t store your master password anywhere. It exists only with you. This means even if someone were to access our systems, they couldn’t decrypt your private keys or access your funds.
How it works
- Encryption for each wallet
- Every wallet connected to Blazing Bot is encrypted individually with your unique password. Even within the app, your private keys remain protected.
- "Lock account" mechanism
- The master password powers an advanced security feature called "lock account." When activated, the bot physically removes your encryption key from memory. No one—not even Blazing Bot—can sign transactions until you re-enter the password to unlock your account.
- Your responsibility
- Losing your master password means losing access to your funds. Blazing Bot has no backdoor recovery. This design ensures only you control your account, but it also means your password is irreplaceable.
Risks without a master password
Bots that store private keys centrally or use a shared encryption key are frequent targets. If one key is compromised, attackers can drain multiple accounts. This type of breach is a primary cause of trading bot failures.
Blazing Bot eliminates this risk. By tying encryption to the master password, your account is isolated from others.
How to protect your master password
- Use a password manager
- A secure password manager ensures you don’t forget or lose your master password.
- Don’t share it
- The master password is private. Blazing Bot support will never ask for it.
- Back it up
- Losing the password means losing access. Store it securely in multiple locations if necessary.
KEEP. IT. SAFE.
Blazing Bot was built by traders who understand the risks of large-volume on-chain trading. Security is the foundation of the Blazing Bot’s design. The master password gives you control and eliminates the need to trust a third party with your private keys.
So when we ask you to keep it safe - do it. A few good trades with Blazing Bot could make you a millionaire, it would be a shame to lose your million just because you forgot your master password.