MYKEY account is a decentralized blockchain account based on cryptographic principles. Users can import MYKEY accounts on new phones by recovery phrases or phones that already have MYKEY accounts. The password is used to encrypt the private key stored locally in MYKEY. Entering the password or verifying the fingerprint when you transfer is to unlock the local private key to complete the cryptographic signature and prove that you have access to this account.
If you need to use an available MYKEY account on a new phone, click to view How to Import Account?
