What is a private key?
The security of your tokens hinges on the privacy of your private key. In blockchain transactions, this key generates signatures to authorize token transfers, confirming ownership. Safeguarding your private key is paramount, as any disclosure to a third party would result in relinquishing control over the tokens linked to that key.
The private key isn't stored on the network, instead, users generate and store it in a file or database within their wallet. This key is entirely independent and can be managed by the user's wallet software without requiring a blockchain or network connection.
The private key is 64-character hex string, for example:
56f759ece75f0ab1b783893cbe390288978d4d4ff24dd233245b4285fcc31cf6
Having the private key means having control over the tokens in the wallet. If you remove the wallet or change your mobile device, you can recover the wallet by importing the private key.
How to import a wallet?
- Open imToken and click "Import existing Wallet"
- Choose "Private Key" in the import method.
- Enter the backup private key in the specified order.
- Set a wallet name, password, password hint, and other information.
5. Add Account: Check the chain and network you want to add, and complete the import process.
After importing the account, you will be taken to the wallet page. To switch between accounts, click on the account name in the top left corner to access the "Select Account" page.
Note:
- The private key you imported is wrong if the recovered address is not the same as your original one. Please re-import the correct private key.
- Leaking your private key can lead to theft of your tokens. Please be sure to keep your private key properly. Click here to learn how to backup a wallet