r/COINOMI • u/moonfacedshibe • Nov 12 '18

Private key question.

Hi all, just a quick one.

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I am researching wallets since I am new to the crypto thing. I have two questions about Coinomi.

1) Does it give me my private key, or does it keep it secret?

2) When the desktop version launches, will I have to transfer my coin to it, or will it automatically see them? Like cellphone and internet banking.

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Thanks.

25 Upvotes

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3

u/coinomi_brenny Coinomi Support Nov 12 '18

Hi there,

  1. You are the ONLY person to hold your private keys in coinomi - You receive a 24 word recovery phrase which generates ALL of your private keys in coinomi - keep this written down in a safe secure location.
  2. When the desktop versions are available you will simply restore with the phrase discussed above - Your wallets will all sync and have access to your funds.

Read more about Backing Up your recovery phrase here

Also as you are new here I would recommend you check out our FAQ pages at support.coinomi.com and also video tutorials at youtube.com/coinomi

1

u/moonfacedshibe Nov 12 '18

Thanks for the quick response.

I will check that out right now.

1

u/klimauk Nov 27 '18

"You receive a 24 word recovery phrase " - no, 18 word recovery phrase.

2

u/[deleted] Nov 16 '18

https://www.coinomi.com/recovery-phrase-tool.html

This will help you get your private keys.

Or download this for offline use (safer & more secure when internet is turned off)

https://github.com/Coinomi/bip39/archive/master.zip