The Invisible Wallet

MoniPay's "Invisible Wallet" design goal is simple: Make the blockchain disappear. You shouldn't need to know what a "private key" or a "seed phrase" is to use the world's most secure financial system.

How it Works

The Invisible Wallet uses a combination of local encryption and meta-transactions to provide a seamless experience.

1. Local Generation

When you sign up, a fresh private key is generated directly on your device. It is never sent to MoniPay's servers.

2. PIN Encryption

Your key is immediately encrypted using a key derived from your 6-digit PIN (using PBKDF2). Only the encrypted blob is stored.

3. Just-in-Time Decryption

When you want to pay, your PIN decrypts the key in memory for a fraction of a second, signs the transaction, and then the key is wiped from memory.

Security vs. Usability

| Feature | Traditional Wallet | MoniPay Invisible Wallet | | :--- | :--- | :--- | | Setup | Write down 12-24 words | Choose a MoniTag & PIN | | Gas | Must hold ETH/BNB | $0 (Sponsored) | | Signing | Confusing hex data | Human-readable (EIP-712) | | Recovery | Seed phrase only | Cloud Backup + PIN |

Backup & Recovery

Because MoniPay is non-custodial, we cannot reset your PIN. We offer two ways to stay safe:

• Cloud Backup: Encrypts your key and stores it in your Google Drive. Requires your original PIN to recover.
• Manual Export: You can view and copy your raw private key from the settings menu. Store this in a safe place (like a password manager).