The Mnemonic phrase is a private key that is not encrypted. If someone did get ahold of your Mnemonic phrase, it is equivalent to taking control of your wallet. When using Mnemonic phrase, you need to pay attention to the following points:
- After created a wallet in the APP, please back up Mnemonic phrase immediately.
- When backing up Mnemonic phrase, you should use physical media, such as copying on a paper. To keep your assets safe, do not screenshot
- To ensure that the backup Mnemonic phrase is correct, proofread the Mnemonic phrase multiple times, you can import Mnemonic phrase to my Ether wallet to verify.
- Be sure to take care of your Mnemonic phrase you have backed it up.
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.