As a leading self-custody cryptocurrency wallet, Ownbit allows users to recover full access to their on-chain assets using a 12 or 24-word mnemonic phrase. There are common scenarios where users need to reset their wallet after mnemonic recovery: for example, after recovering the wallet on a new device following a lost phone, when suspecting the original wallet password has been leaked, or when encountering local configuration errors that affect normal use. Resetting the Ownbit wallet only clears local cached data and reconfigures access credentials, and will not cause any loss of on-chain assets as long as you have the correct mnemonic phrase.
Pre-Reset Safety Preparations
Before initiating the reset process, complete the following checks to avoid unnecessary risks:
- Confirm your mnemonic phrase is correctly backed up and stored offline: Double-check that the 12/24 words are in the correct order, as you will need to re-import the wallet after reset.
- Verify asset consistency in the recovered wallet: Cross-check the asset balances and transaction history with a public block explorer to ensure you have recovered the correct wallet.
- Record custom configurations you need to retain: Note down watch-only addresses, contract bookmarks, and transaction limit settings you want to reconfigure after the reset.
Step-by-Step Guide to Reset Ownbit Wallet After Mnemonic Recovery
Follow these clear steps to complete the reset safely:
- Access the recovered Ownbit wallet
Launch the Ownbit app, and enter the wallet you recovered via mnemonic phrase using your current access password (if set). - Enter the wallet settings page
Tap the profile icon (located in the top-right corner of the wallet homepage) to open the settings menu. - Locate the reset option
Scroll down the settings menu, find and tap the "Reset Wallet" (or "Clear Local Wallet Data") option. Read the system prompt carefully: the prompt will clearly state that the reset only clears local data and will not affect on-chain assets.
4. Confirm the reset operation
Enter your wallet payment password to verify your identity, then tap "Confirm" to initiate the reset. The app will automatically restart after the reset is complete.
5. Re-import the wallet and set new credentials
On the initial setup page after restart, select "Import Wallet via Mnemonic Phrase", enter your backed-up mnemonic phrase in the correct order, then set a new, strong access password and payment password (this is the core purpose of resetting the wallet after mnemonic recovery, to update credentials for security).
6. Restore custom settings
After successfully entering the wallet, re-add watch-only addresses, adjust security settings (such as biometric login, transaction confirmation limits), and rebookmark commonly used contract addresses.
Post-Reset Security Best Practices
To maximize the security of your reset Ownbit wallet, follow these tips:
- Never store your mnemonic phrase on internet-connected devices, and never share it with anyone (Ownbit official staff will never ask for your mnemonic phrase).
- Enable biometric authentication (fingerprint or Face ID) to simplify secure daily access while preventing unauthorized access if your device is lost.
- Regularly back up your wallet configuration and verify the integrity of your mnemonic phrase to ensure you can always recover your assets.