Ohhh I get it. We will get a passphrase later on.Tnx.
Well, you can get the passphrase right now if you want to ... just click that little key thingy in your login area, next to the exchange you made. But there is no need for the passphrase right now. Can't do much with it until the coin is released.
And, if you wait for the coin to go live first before accepting your passphrase, you won't do something stupid with it while you wait like I obviously did...

Sorry if I added any additional confusion...