The keystore file stores your encrypted private key. You can set a password to lock it. If you choose "Keystore + Password" to access your account, both the keystore file and the password are mandatory. Please keep them securely otherwise your funds will be unretrievable.
Back up mnemonic phrase
A mnemonic phrase, which consists of 12 words, is an alternate way to access your wallet. Please keep it safely and NEVER disclose it nor use it on any other website to eliminate the risk of theft.
CoinEx is dedicated to providing the most high-quality and secure experience for our users. To achieve this goal, we would like to have a minute of your time to understand how a decentralized wallet work and learn how to take according actions to safeguard your account and assets. Please refer to our Terms of Service for more details.