How to self-recover assets?

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Your Ownbit crypto assets are generic and highly available, and their security and availability are not dependent on Ownbit. This article teaches you how to recover crypto assets through self-service when there is a downtime or other unexpected situation on the Ownbit server.

1. Recovery by mnemonic phrase

Ownbit's mnemonic phrase conforms to the BIP39 standard, and the address generation path conforms to the BIP44 standard. Therefore, the mnemonic can be imported into a wallet that meets the above criteria (most mainstream wallets are compatible), and the crypto assets can be easily recovered.

2. Restore by private key import

Ownbit supports export of private keys (Wallet management -> Export Private Key), and imports the private key into other wallets that support the import of the corresponding coin, which can easily recover the assets at the corresponding address.

3. Recovery of BTC Segregated Witness Assets

Ownbit supports Legacy, SegWit Compatible and Native (address 1, address 3 and address bc1 respectively). Other mainstream wallets generally only support one of them, so please confirm the type of address you use before importing. In Ownbit, their address generation paths conform to the BIP44, BIP49, and BIP84 standards, respectively (Detailed path can be found in Wallet management -> Export (Ext)Public Key).

4. Recovery of BCH/BSV assets

BCH/BSV uses the same address as BTC Legacy, the generation path conforms to BIP44, and the coinType is 0 instead of 145 or 236.

Tip: For BCH/BSV, different wallets may use different paths, so it is recommended to use private key import to restore assets.

5. Recovery of ETH/ETC/BSC/VET assets

ETH/ETC/BSC/VET uses the same address, the address generation path conforms to BIP44 for ETH, and the coinType is 60. ETH supports multiple addresses. For example, the address generation path with index 6 is: m/44'/60'/0'/6.

6. Recovery of USDT (ERC20) and other ERC20 assets

The mainstream Ethereum wallet supports ERC20 tokens. Restore the corresponding ETH address (by importing mnemonic phrase or private key), can also restore the corresponding ERC20 assets.

7. Recovery of USDT (Omni) assets

Ownbit supports USDT (Omni) addresses start with 1 and 3, corresponding to BTC's Legacy address and SegWit compatible address (BIP44 and BIP49 respectively). Import it (mnemonic phrase or private key) into a Bitcoin wallet that supports USDT (Omni), and restore the corresponding BTC address to restore the corresponding USDT asset.

8. Recovery of TRX/TRC20 assets

The default address of TRX/TRC20 is generated using the path m/44'/195'/0'/0, which is consistent with wallets: imToken, Trust Wallet, TronLink, etc. Therefore, TRX/TRC20 assets can be recovered in the above wallets through the mnemonic phrase .

Ownbit supports multiple addresses of TRX, starting from the second address, its generation path is: m/44'/60'/0'/x (replace x with a number, for example, the address path with index 6 is: m/44'/ 60'/0'/6). Note that the above path is the same as the ETH address. By exporting the private key and restoring it in the corresponding wallet that supports TRX private key import (for example: imToken), the TRX/TRC20 assets of the corresponding address can be restored.

9. Recovery of XMR assets

By exporting the XMR private key (Wallet management -> Export Private Key), you get the XMR View key and Spend key (along with your XMR address), which then can be imported into any mainstream XMR wallet (example: The official wallet from getmonero.org or Cake Wallet for XMR from cakewallet.com) can recover XMR assets.

Note: Set a proper block height (or date) to restore to accelerate the process. Usually a block height (or date) a litter earlier than you use this XMR address the first time.

10. Recovery of ADA assets

ADA does not support private key export. ADA assets can be recovered through mnemonic words in other wallets that support ADA (eg Yoroi wallet, adalite.io, Trust Wallet).

Note: The above mentioned wallet only supports English mnemonic words. If you use Chinese (or other non-English) mnemonic words, you need to program recovery by yourself (generate Entropy through mnemonic words, the remaining logic is the same as recovery ADA assets by English mnemonic).

11. Recovery of DOT/KSM assets

DOT / KSM assets can be recovered by importing mnemonic phrase into other popular DOT / KSM wallets, example: imToken.

12. Recovery of ONT assets

The address of the Ownbit ONT asset is the same as the NEO asset address (the coinType: 888 is used to generate the address), so restoring ONT assets in other wallets through mnemonic words may result in inconsistent addresses. You can use the private key import method to restore ONT assets.

13. Recovery of SOL/SPL assets

The generation path of SOL/SPL address is: m/44'/501'/0'/0', which is consistent with wallet: sollet, phantom, tokenpocket, etc. Therefore, SOL/SPL assets can be recovered in the above wallet through the mnemonic phrase .

14. Recovery of LUNA/CW20 assets

The LUNA/CW20 address is generated using the default path, which is consistent with wallets: Terra Station, Trust Wallet, etc. Therefore, LUNA/CW20 assets can be recovered in the above wallets through the mnemonic phrase.

15. Recovery of TON assets

TON does not support private key export. TON assets can be recovered in other wallets that support TON (such as Tonhub) through mnemonic words.

16. Recovery of STX assets

STX supports private key export, and can be restored through the STX private key in other wallets that support Stacks private key import.

17. Other assets

Other unmentioned assets are BIP44 compliant and can be easily restored in the corresponding supported wallet.

18. Other situations that cannot be recovered

Use a wallet that is too frequent (such as sent many times), or use a refresh address when receiving (relatively more times), in other wallets, asset recovery may be incomplete or unrecoverable, which is due to the corresponding wallet pair Caused by imperfect multi-address support. In this case, the private key can be imported to specifically recover the unrecovered assets.

19. Chinese and other non-English mnemonics

English mnemonics are the most versatile. If you are using Chinese mnemonics or other non-English languages, you may encounter unrecognized situations when other wallets recover assets. The solution is to find a wallet that supports the corresponding mnemonic language or restore it by importing a private key (private key import is always common).