What is recovery phrase and how so I set it up?

A "Recovery Phrase" is a randomly generated list of 24 words that a user will write down. These 24 words are hashed to create a super-strong 256-bit AES encryption key. This only replaces your security answer in case you forget your master password. This does not replace your master password. The recovery phrase is not customizable.

Upon initial vault login, new users will be prompted to set up Account Recovery. Click Generate Recovery Phrase to begin. Once your recovery phrase has been generated, be sure to store it in a safe place. For added convenience, you will be given the option to copy or download it. Check the box to acknowledge you have stored it in a safe place and click Set Recovery Phrase to complete the setup.