# Derive from Accounts You can create as many accounts as you want, as shown in the previous section. However, keep in mind that you need to save the recovery phrase for each account, which may be challenging. \ \ An alternative option is to derive multiple accounts from a single parent account. Derived accounts inherit the recovery phrase of the parent account, but to distinguish them, they require different derivation paths, such as //0 for the first account, //1 for the next one, and so on. You can use any derivation path you like, but it's crucial to remember them, as you'll need them to recover your accounts. This way, by deriving multiple accounts from one parent account, you only need to save a single recovery phrase.
You can easily derive a new account by clicking the **Account menu** button at the top right corner of the screen, as shown below, and then selecting **Derive New Account**.

Alternatively, you can navigate to **Settings** in full-screen mode, open the **Account Settings** tab, and click the **Derive from account** button. (Note: This button is only visible for local accounts — if the selected account isn’t local, the button will not appear).

Settings - Account Settings (full-screen)

After opening the Derive from account section, you’ll see the screen below. Click the chevron icon to choose the account you’d like to derive from.

Select your account, enter its **password** and the **Derivation path**, then click **Next** to continue.

Provide a **name** for the derived account, set and confirm a **password**, and click **Apply** to add the derived account to the extension.