All Honest users possess their Bitcoin Cash private keys. Your private keys are derived from something called a "mnemonic", "recovery phrase" or "seed" (used interchangeably) which is a string of words generated randomly. Honest does not have access to your private keys - we only store an encrypted version of your mnemonic to our server. Your mnemonic is encrypted with your password that we never see.
We recommend every user back up their mnemonic or private key to make sure you can still access your funds in the event of an emergency, such as forgetting your password. Your mnemonic and private key can be backed up on the Honest Wallet page.
It is possible to import your Honest wallet into Electron Cash, a multi-platform Bitcoin Cash wallet. Here's how you do it.
Wallet overview for imported private key
Step 1. Download Electron Cash
First, be sure you are logged in, then get your mnemonic from the Wallet page.
Next, download Electron Cash.
When you run Electron Cash, it will either ask you to create a wallet when you first run it or if you already have a wallet, you should go to the "file" menu and click "new/restore".
In the wallet creation window, type in a name for your wallet. It's a good idea to put "Honest Cash" in the name so you know that it refers to your Honest wallet.
Step 2, Option 1: Import recovery phrase / seed / mnemonic
Next, choose "Standard wallet" if you want to import your mnemonic or "Import Bitcoin Cash addresses
Then choose "I already have a seed" and type in your mnemonic.
Before you can continue, you will need to click "options" and then choose "BIP39 seed". Leave the other options unselected.
Next, change the path to the original path type. The path should be m/44'/0'/0'.
Step 2, option 2: Import private key
Next, choose "Import Bitcoin Cash addresses or private keys" if you want to import your private key.
Step 3: Encrypt your wallet with a password (optional)
Next, insert an optional password to encrypt your new wallet. We recommend encrypting your wallet with a password. Next you will see your wallet. It will take a few minutes to synchronize. After it synchronizes you will see your full balance and all your Honest transactions in Electron Cash.
About the BCH address that Honest Cash uses
Note that Honest currently uses only the first address on the BIP39 wallet, derived from the recovery phrase. The full derivation path for the Honest wallet is: m/44'/0'/0'/0/0. If you send transactions in your Electron Cash wallet, they will not show up in Honest. We recommend using Electron Cash to restore your Honest wallet only if you cannot access the funds on Honest itself.
If you have problems, please contact firstname.lastname@example.org.