# Keep your Recovery Phrase and Private Key safe!
When creating the wallet, you are reminded to make a backup, and it will only be stored on your device.
**The secret recovery phrase and private key are the only proof to restore the wallet and control the assets. If you share your private key or secret recovery phrase with a third party, they can control and transfer your assets without your permission!**
So, private key and secret recovery phrase are very important! By the way, you need to back up your private key and secret recovery phrase and store them in a safe place, cause you can only get your assets back by one of them!
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