A Safer Solution for Offline Asset Management

When it comes to digital assets, mnemonic phrases are the most critical security information. It is essential to keep the following in mind when safeguarding your mnemonic phrases:

1. If a mnemonic phrase is lost, no one can recover the lost digital assets.
2. If a mnemonic phrase is leaked, others will have full control over your digital assets.

According to relevant data, 66.3% of digital asset attacks are caused by mnemonic leaks through remote attacks in online environments, leading to stolen assets. So how can we prevent such attacks and ensure the security of our assets?

The Optimal Asset Management Solution

Store small amounts in software wallets and large amounts in hardware wallets.

This is the industry-recognized best practice. Hardware wallets generate and store private keys in a completely offline environment while presenting them as a set of randomly generated mnemonic phrases for easy backup and recovery. This approach significantly reduces the risk of asset theft and ensures the safety of your funds.

imToken recommends the dual-layer offline asset management solution provided by imKey to offer comprehensive protection for your digital assets:

First Layer: Generate and Store Private Keys in a Fully Offline Environment

The imKey Pro hardware wallet (cold wallet) is designed to operate completely offline, offering an excellent solution for offline asset management:

• Offline Private Key Generation: Private keys are generated in a completely offline environment, eliminating the risk of key leaks.
• Offline Private Key Storage: Sensitive data, such as private keys, is securely stored in the secure chip of the hardware wallet, fully isolated from the internet to ensure data safety.
• Physical Transaction Confirmation: When making a transaction, users must confirm it by physically pressing buttons on the hardware wallet. This mechanism, similar to the security features of a bank's USB security token, ensures each operation is secure and reliable.

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Second Layer: Physically Backup Mnemonic Phrases Offline

Even if private keys are generated and stored in a hardware wallet, it’s still crucial to back up your mnemonic phrases offline. The imKey Mnemonic Storage HeirBox is an ideal physical backup tool with the following features:

• High Durability: Made of stainless steel, it is waterproof, fireproof, and corrosion-resistant, effectively withstanding extreme environments.
• Multiple Protections: Ensures offline storage of mnemonic phrases while safeguarding against accidental loss or damage due to disasters

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The Best Practice for Offline Asset Management

Offline asset management is currently the gold standard in digital asset security. By using the imKey Pro hardware wallet along with the Mnemonic Storage HeirBox, you can effectively prevent your private keys and mnemonic phrases from being leaked, providing comprehensive protection for your digital assets.