Mnemonic phrase: Your unique key to digital assets

Have you heard of mnemonic phrases? These 12-24 words are your lifeline for the encryption wallet.

In simple terms: mnemonic phrase = a backup of your private key. When generating a Wallet, the system will give you a string of random words, which can derive your private key; the private key is what truly controls your assets.

Why is this so important?

In 2013, a guy named James Howells threw away a hard drive containing 8,000 BTC. Those coins are now worth $860 million, and he can never get them back—because there is no mnemonic phrase, and the private key is completely lost.

No mnemonic phrase = Wallet is truly lost if it is lost. Don't worry if your phone is broken or you've forgotten your password, as long as you have the mnemonic phrase, you can recover your assets anywhere and in any wallet.

How to protect your mnemonic phrase?

✅ Offline Storage: Write it on paper, lock it in a safe, don't keep it on your phone/cloud.

✅ Multiple Backups: One at home, one in the safe, one at a friend's place.

✅ Multi-signature Wallet: Requires 2 keys to make a transaction, so even if one is stolen, it's okay.

❌ Never: Share with anyone, store in cloud drives, write in public notes.

Can it be hacked?

Technically, the mnemonic phrase itself cannot be hacked (it's just a string of words), but if it is stolen by malware or phishing websites, it would be disastrous. So the key is to protect your mnemonic phrase well and ensure no one sees it.

Core Advice: Treat your mnemonic phrase as your most valuable treasure. A small oversight can lead to the loss of millions in assets.