MIGRATION GUIDE · UPDATED 2026-04-29

Recovering and migrating from MyAlgo.

If you used MyAlgo before 2024 and want to recover access or move funds — start here. Three paths covered, with rekey safety guidance throughout.

Self-custodial · Rekey-safe · Hardware-wallet compatible

This guide covers three user states: users who migrated MyAlgo funds during 2023-2024 and now want fresh access; users who never migrated and want to recover; and users uncertain about their fund status. The guidance includes Algorand-protocol rekey safety, hardware wallet (Ledger) import, and verifying account balances via public block explorers before any wallet action. The 2023 Algorand wallet incident affected users whose seed phrases were stored hot on a web wallet — the Algorand Foundation's CTO recommended rekeying to a fresh setup, and that recommendation still applies in 2026.

First: are your funds gone?

No. ALGO live on the Algorand blockchain, not inside any wallet. A wallet is just an interface for signing transactions and viewing balances. As long as you control the private key — typically via a seed phrase or a hardware device — your funds remain accessible regardless of which wallet you use to access them. The 2023 incident affected users whose seed phrases were stored hot on a web wallet that was compromised; their funds could be moved by an attacker who obtained the keys. If your funds are still at the same address today, your keys remain in your control. Verify your balance on any Algorand block explorer (allo.info, perawallet.app/explorer) using just the public address — no wallet download required.

Critical: rekey safety note.

If your seed phrase was generated by or stored hot on the original MyAlgo web wallet during 2023, the Algorand Foundation's CTO recommended at the time that affected users rekey to a fresh setup rather than reuse the seed phrase. That recommendation still applies. Rekeying is an Algorand protocol feature: it lets you keep your public address (preserving its transaction history and any received tokens) while changing the private signing key. Practically: you generate a new wallet (or use a hardware wallet), then submit a rekey transaction that points your old address to the new private key. The old seed phrase becomes inert. This is the safest path for any user uncertain whether their original seed was exposed. See the recovery FAQ for more.

Path A — I migrated in 2023-2024 and just want fresh access.

If you moved funds to a new wallet during the original migration window and now want to access those accounts via MyAlgo, you import the seed of the wallet you migrated to (Pera, Defly, Ledger, etc.) into MyAlgo.

Verify the destination wallet still controls your accounts

Check the address on a block explorer. If the balance is intact and the destination wallet (Pera, Defly, Ledger, etc.) shows the accounts, your keys are still secure.

Download MyAlgo

Get the desktop application from the download page. Verify the checksum before running.

Open MyAlgo and choose 'Import existing wallet'

On first launch, MyAlgo presents three options: create new, import seed, or connect hardware wallet. Choose import seed (or connect hardware if you migrated to Ledger).

Enter your 25-word Algorand seed phrase

Type or paste the seed phrase from your destination wallet. MyAlgo stores it locally on your device. Never share this phrase with anyone, including support staff.

Verify the accounts appear correctly

After import, MyAlgo derives your accounts from the seed. Check that the addresses and balances match what you expect from the destination wallet.

Path B — I never migrated and want to recover now.

If your funds are still at the original MyAlgo address — and you have your seed phrase — the safest path is to rekey the account to a fresh signing key before any further use, especially if the seed may have been hot-stored on the original web wallet. See also the hardware wallet support page and the MyAlgo security architecture.

Verify the address still holds funds

Use allo.info or perawallet.app/explorer to confirm the balance is intact. If funds are intact, your keys remain in your control.

Decide: rekey to hardware, or rekey to fresh seed

Hardware wallet (Ledger Nano S Plus or X) is the more secure path. Fresh seed is acceptable if you generate it on an offline device.

Set up the destination signing key

If hardware: initialize Ledger and install the Algorand app. If fresh seed: generate a new wallet in MyAlgo and securely store its 25-word phrase offline.

Import your original seed into MyAlgo

On the original-MyAlgo address, you need to sign one final transaction (the rekey). Import the original seed temporarily for this purpose.

Submit the rekey transaction

MyAlgo provides a rekey UI. Set the rekey target to your hardware wallet address (or fresh seed address). Submit and confirm.

Verify and remove the original seed

Once the rekey is confirmed on-chain, the original seed phrase no longer signs for that address. Remove the original-seed account from MyAlgo. The address now signs only via your hardware wallet or fresh seed.

Path C — I'm not sure what happened to my funds.

Before any wallet action, verify the on-chain state. Most users find their funds are exactly where they left them — the wallet's absence doesn't move the funds.

Find your Algorand address

If you have records (transaction emails, exchange withdrawal confirmations, screenshots), the address is the long string starting with a capital letter and digits. It looks like: ABCD…XYZ.

Check the address on a block explorer

Paste the address into allo.info or perawallet.app/explorer. The current balance, transaction history, and held assets are public.

If funds are intact: proceed with Path A or B

If you have the seed phrase, choose Path A (import) or Path B (rekey, recommended if seed was ever hot-stored).

If funds are missing: review transaction history

The block explorer shows when and where funds moved. If the address was emptied during the 2023 incident period, the loss is on-chain and likely unrecoverable. Document for personal records and any legal action you may pursue separately.

Recovery FAQ.

Are my MyAlgo funds gone?

No. ALGO live on the Algorand blockchain, not in any wallet. As long as you have your seed phrase or address, your funds remain accessible.

Should I reuse my old MyAlgo seed phrase?

If your seed was hot-stored on the original web wallet during 2023, rekey to a fresh setup rather than reusing. The Algorand Foundation's CTO recommendation at the time still applies.

What is rekeying?

An Algorand protocol feature that lets you keep your public address while changing the private spending key. The right move if your old key may have been exposed.

Can I recover without a seed phrase?

Generally no. Self-custodial wallets store no server-side recovery info. If you used Ledger, the device retains the keys. Otherwise, the seed is the only path.

Do I need to download the wallet to check my balance?

No. Use any Algorand block explorer (allo.info, perawallet.app/explorer) with just your address. Download is only needed when you intend to sign transactions.

How long does a rekey take?

Algorand finalizes blocks in about 4 seconds. The rekey transaction confirms in one block. Total time is under a minute.

recovery FAQ

Ready to import or rekey?

Download MyAlgo to start the recovery process. Review the security model before installing.

Download MyAlgo