How to back up the mnemonic phrase and export the private key in Huobi wallet?

How to back up the mnemonic phrase and export the private key in Huobi Wallet? Tutorial on backing up the mnemonic phrase and exporting the private key of Huobi Wallet:

1. On the asset homepage of Huobi Wallet, click the wallet icon in the upper right corner. We take TRX as an example and select a TRX wallet:

2. On the "TRX Tools" page, choose to export the private key or mnemonic phrase.

#Note: If you have imported the wallet, you can only export the private key and cannot back up the mnemonic phrase.

Why is it necessary to back up the mnemonic?

When choosing a wallet backup method, users can choose to back up the mnemonic, Keystore or plain text private key. However, Huobi Wallet strongly recommends users to back up mnemonic phrases for the following reasons:

Keystore is an encrypted private key, which is inconvenient to copy and usually needs to be stored through network transmission. However, many users mistakenly believe that Keystore can bring security, leading to frequent asset theft incidents, such as saving Keystore in WeChat or transmitting it through email. Therefore, you need to be cautious when using Keystore and adopt more secure storage and transmission methods.

2. The security level of the plain text private key is the same as that of the mnemonic phrase. They are both unencrypted private keys. However, the plain text private key is very inconvenient for users to copy and record. Once there is a copying error in the private key, Coin loss will occur, so we do not recommend backing up or transmitting the plaintext private key.

3. Mnemonic words are convenient for copying and backup. Huobi Wallet recommends using physical media for backup, such as using white paper to copy mnemonic phrases. This backup method has the highest security factor, completely isolates the network, and can prevent professional network attacks.

How to properly back up the mnemonic phrase?

Once the mnemonic phrase is stolen, it is equivalent to taking control of your wallet assets. Therefore, you need to pay attention to the following points when using the mnemonic phrase:

1. After creating the wallet, back up the mnemonic phrase in time.

2. Try to use physical media for backup, such as copying it by hand on a piece of paper, and then save it. Try not to use screenshots.

3. Ensure that the mnemonic phrase is backed up accurately and verify the mnemonic phrase multiple times. You can also use other wallets that support mnemonic phrases to import the backed-up mnemonic phrase and verify the accuracy.

4. Keep the mnemonic phrase properly and isolate it from the Internet.

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