# Generate a new masterwallet

<figure><img src="https://84700794-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvCElqbQG5oBKixugVS7f%2Fuploads%2FYMgoHiHWJriVCju0smMw%2Fnew_master.png?alt=media&#x26;token=659c6a59-6b67-4682-a46b-9495cdc79cf9" alt=""><figcaption></figcaption></figure>

If you click 'new master' and confirm by sending the bot a 'y', it will generate a new masterwallet for you and discard the old one.

#### IMPORTANT: THE OLD MASTERWALLET WILL NOT BE RECOVERABLE IF YOU DO THAT.

Thats why it's important to save the private key of your masterwallet or import it into the wallet software of your choosing.
