Private Key
The private key is a 64-character hexadecimal string that serves as the cryptographic foundation of your wallet. This unique, immutable identifier grants complete control over your digital assets. Treat it with the highest level of confidentiality—never share it with anyone.
🔐 Critical Security Note: When backing up your private key, always maintain exact case sensitivity (upper vs. lower case matters).
Secret Recovery Phrase (SRP)
The Secret Recovery Phrase (often called a "seed phrase") consists of 12 carefully selected words that function equivalently to your private key. This human-readable format was designed to simplify wallet backups compared to complex hexadecimal private keys.
Key Characteristics of SRPs:
- Generated exclusively from English word lists for compatibility
- Supports wallet restoration across multiple platforms
- Functions identically to private keys for password resets
💡 Pro Tip: Need to reset your wallet password? Your SRP works just like your private key for recovery!
Best Practices for SRP Backup
- Physical Media Only: Always handwrite your SRP on durable materials
- Secure Storage: Use fire/water-resistant storage solutions
Digital-Free Zone: Never store SRPs in:
- Cloud services
- Messaging apps
- Email accounts
- Photo galleries
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Keystore Files
Think of the Keystore as an encrypted version of your private key, protected by your wallet password. This file changes whenever you update your password, requiring coordinated backup strategies.
Keystore Essentials:
- Requires your wallet password for decryption
- Must be stored separately from password records
- Becomes inaccessible if password is forgotten
⚠️ Warning: Losing your wallet password means permanent Keystore inaccessibility—always maintain password recovery options.
Frequently Asked Questions
Q: Which is more secure—private key or recovery phrase?
A: Both offer equal security, but recovery phrases are generally easier to backup accurately.
Q: Can I recover my wallet with just the Keystore?
A: No—you'll always need the matching password for Keystore recovery.
Q: Should I store my SRP digitally in password managers?
A: We recommend against digital storage due to potential hacking risks.
Q: What happens if I lose both my Keystore and SRP?
A: Without at least one of these, wallet recovery becomes impossible—emphasizing the need for multiple secure backups.
Final Security Recommendations
- Multi-Backup Strategy: Maintain geographically separated backups
- Legacy Planning: Ensure trusted contacts can access backups if needed
- Regular Verification: Periodically test backup integrity
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