How Many Mnemonic Words Does the ImToken Wallet Have?
Using one Mnemonic phrase you can manage multiple wallets on multi-chains, including Bitcoin, Ethereum and EOS.
Backing up the mnemonic phrase is extremely important as once lost it cannot be retrieved. It is recommended to backup the mnemonic on physical media, like writing it down.
As a non-custodial wallet, users are sole holders of their mnemonic and private key, having full control of their assets. They should be alert enough with adequate security knowledge to avoid asset loss and scams.
What are the mnemonic words?
If you’ve been around the crypto space, you’ve probably heard of a wallet called imToken. This wallet is a multi-chain cryptocurrency platform that allows users to manage their wallets on different blockchains such as Ethereum, Bitcoin and EOS with one digital identity backed up by a mnemonic phrase.
The mnemonic is a 12-word phrase that you can use to backup and restore your wallet in case of loss, theft or unintentional unistallation. It is a very important piece of information to keep safe, and you should never share it with anyone.
Backing up your mnemonic is easy, but it’s crucial to do so correctly. The best way is to write down the 12 words on paper and keep them in a safe place away from prying eyes. This will enable you to recover your wallet if you lose your phone or switch devices.
Another option is to export your mnemonic from your existing wallet. This can be done by going to your Profile and selecting ‘Manage Wallets’. From there, you can select the mnemonic you want to export and follow the prompts.
Keep in mind, though, that you can only recover the wallets under the same identity that backed up the mnemonic. Therefore, you should ensure that each of the imported wallets have been properly backed up.
How do I backup my mnemonic words?
When users create a wallet they will be provided with a mnemonic seed. This is a list of 12 words which, when put together in the correct order will restore access to their account. A mnemonic seed is different from a private key as it gives full control of the assets in the wallet over to the user. This means that if the mnemonic seed is lost then the wallet can’t be restored and so it must be backed up immediately.
When backing up a mnemonic seed it is recommended that two copies are made and kept in physically separate locations. This will protect it from electronic failures as well as digital hackers. Some people store their mnemonic seeds in safes, some in a lockbox at the bank and even etch them in metal plates that are specially designed for this purpose. Where you choose to keep them will be a personal choice based on your own views and experience.
It is important to remember that if anyone gets hold of your mnemonic words they will be able to steal the funds in your wallet. So it is vital to protect them with the same care and attention that you would give your actual crypto coins themselves. Ideally the best way to do this is by writing them on paper and storing them in an analogue format such as a safe or a mnemonic vault.
How do I restore my mnemonic words?
As a self-custodial wallet, imToken does not store users’ mnemonic phrases or private keys on its servers. As a result, it is the sole responsibility of users to backup their mnemonic phrases properly and securely in order to retrieve their assets if they lose or misplace them.
A mnemonic phrase is a human-readable version of a private key that can be used to verify transactions and recover lost cryptocurrency wallet accounts. They are usually 12-24 words in length and are also known as a recovery phrase, seed phrase, or secret recovery phrase. They are commonly provided by hardware wallets like Ledger, TREZOR, and MetaMask to be written down on a piece of paper or otherwise secured for safe keeping.
To restore your mnemonics, simply enter them in the “Recovery Phrase” field on the Import Wallet screen in Trust Wallet 14. If the mnemonics are entered correctly, you will see a confirmation that your wallet has been imported successfully. Keep in mind that the correct order of your mnemonics is critical. If the mnemonics are entered in the wrong order,Apple Download Imtoken Tutorial , even if they are all correct, it is possible for someone with sufficient resources to brute force them and guess the order of the seed words. It is therefore highly recommended to keep your mnemonics safe and secure and never share them with anyone, especially on third-party websites.
How do I export my mnemonic words?
Although imToken doesn’t store users’ mnemonic phrase, private key or keystore (wallet password) on its servers, it is strongly recommended that users carefully backup their mnemonic phrases in order to retrieve their assets in the event of phone loss, theft, damage or unintentional uninstall. By writing down the mnemonic words on a piece of paper while ensuring you are not being monitored and keeping it in a safe place, users can ensure they have a way to recover their wallet in the event that they need to move it to another device or reinstall imToken.
It is also a good idea to cross-check your mnemonic phrase against the ETH wallet address you note down when backing up. You can do this by clicking “My Profile” – “Manage your wallets” – “Recover Identity”.
In technical terms, the mnemonic phrase is not a private key, but rather a seed phrase used to derive multiple private keys. It is similar to the phrase used by Ledger, TREZOR and MetaMask to access an unlimited number of accounts.
The mnemonic phrase is useful as it can manage multi-chain wallets. However, it is important to know that your mnemonic can be easily cracked if it is exposed to prying eyes. Hence, it is a bad idea to use mnemonics that contain random decoy words or phrases that are easy to memorize.