# What i need to do in order to protect my funds?
After activating a new wallet the user **MUST** save a backup file. It contains an encryption of all the private keys and assets. Without it, accessing the wallet is impossible.
{% hint style="info" %}
**Important:** The user Must also write or remember his Password in order to transfer funds around the blockchain.
{% endhint %}
**Our team strongly encourages you to keep your private keys, backup file, and password in secure places separate from one another.**
Make sure that you never share your keys, your backup file, and your password with anybody. ever.
**Please keep in mind that if you lose your backup file or password, Medooza would not be able to help you restore access to your wallet!**
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