diff --git a/CHANGELOG.md b/CHANGELOG.md
index d74e51443363..c9577206d408 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -53,6 +53,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ### Improvements
 
+* (client/keys) [#18687](https://github.com/cosmos/cosmos-sdk/pull/18687) Improve `<appd> keys mnemonic` by displaying mnemonic discreetly on an alternate screen and adding `--indiscreet` option to disable it.
 * (client/keys) [#18663](https://github.com/cosmos/cosmos-sdk/pull/18663) Improve `<appd> keys add` by displaying mnemonic discreetly on an alternate screen and adding `--indiscreet` option to disable it.
 * (types) [#18440](https://github.com/cosmos/cosmos-sdk/pull/18440) Add `AmountOfNoValidation` to `sdk.DecCoins`.
 * (client) [#17503](https://github.com/cosmos/cosmos-sdk/pull/17503) Add `client.Context{}.WithAddressCodec`, `WithValidatorAddressCodec`, `WithConsensusAddressCodec` to provide address codecs to the client context. See the [UPGRADING.md](./UPGRADING.md) for more details.
diff --git a/client/keys/mnemonic.go b/client/keys/mnemonic.go
index ea7f9638d9be..50d0b74c09c2 100644
--- a/client/keys/mnemonic.go
+++ b/client/keys/mnemonic.go
@@ -8,6 +8,7 @@ import (
 	"github.com/cosmos/go-bip39"
 	"github.com/spf13/cobra"
 
+	"github.com/cosmos/cosmos-sdk/client"
 	"github.com/cosmos/cosmos-sdk/client/input"
 )
 
@@ -64,12 +65,16 @@ func MnemonicKeyCommand() *cobra.Command {
 			if err != nil {
 				return err
 			}
-
+			indiscreet, _ := cmd.Flags().GetBool(flagIndiscreet)
+			if !indiscreet {
+				return printDiscreetly(client.GetClientContextFromCmd(cmd), cmd.ErrOrStderr(), "**Important** write this mnemonic phrase in a safe place. Do not share it to anyone.", mnemonic)
+			}
 			cmd.Println(mnemonic)
 			return nil
 		},
 	}
 
 	cmd.Flags().Bool(flagUserEntropy, false, "Prompt the user to supply their own entropy, instead of relying on the system")
+	cmd.Flags().Bool(flagIndiscreet, false, "Print mnemonic directly on current terminal")
 	return cmd
 }
diff --git a/client/keys/mnemonic_test.go b/client/keys/mnemonic_test.go
index c986e6230b5d..3aa2d34669b2 100644
--- a/client/keys/mnemonic_test.go
+++ b/client/keys/mnemonic_test.go
@@ -21,7 +21,7 @@ func Test_RunMnemonicCmdUser(t *testing.T) {
 	cmd := MnemonicKeyCommand()
 	_ = testutil.ApplyMockIODiscardOutErr(cmd)
 
-	cmd.SetArgs([]string{fmt.Sprintf("--%s=1", flagUserEntropy)})
+	cmd.SetArgs([]string{fmt.Sprintf("--%s", flagUserEntropy), fmt.Sprintf("--%s", flagIndiscreet)})
 	err := cmd.Execute()
 	require.Error(t, err)
 	require.Equal(t, "EOF", err.Error())
@@ -35,11 +35,14 @@ func Test_RunMnemonicCmdUser(t *testing.T) {
 		"256-bits is 43 characters in Base-64, and 100 in Base-6. You entered 3, and probably want more",
 		err.Error())
 
+	mockIn, mockOut := testutil.ApplyMockIO(cmd)
 	// Now provide "good" entropy :)
 	fakeEntropy := strings.Repeat(":)", 40) + "\ny\n" // entropy + accept count
 	mockIn.Reset(fakeEntropy)
 	require.NoError(t, cmd.Execute())
+	require.Equal(t, "volcano hungry midnight divorce post ship bicycle fitness hospital critic protect ring trim alien there safe fine subway style impulse identify right improve print\n", mockOut.String())
 
+	mockIn = testutil.ApplyMockIODiscardOutErr(cmd)
 	// Now provide "good" entropy but no answer
 	fakeEntropy = strings.Repeat(":)", 40) + "\n" // entropy + accept count
 	mockIn.Reset(fakeEntropy)
@@ -50,3 +53,29 @@ func Test_RunMnemonicCmdUser(t *testing.T) {
 	mockIn.Reset(fakeEntropy)
 	require.NoError(t, cmd.Execute())
 }
+
+func Test_RunMnemonicCmdUserDiscreetly(t *testing.T) {
+	cmd := MnemonicKeyCommand()
+	_ = testutil.ApplyMockIODiscardOutErr(cmd)
+
+	cmd.SetArgs([]string{fmt.Sprintf("--%s", flagUserEntropy)})
+	err := cmd.Execute()
+	require.Error(t, err)
+	require.Equal(t, "EOF", err.Error())
+
+	// Try again
+	mockIn := testutil.ApplyMockIODiscardOutErr(cmd)
+	mockIn.Reset("Hi!\n")
+	err = cmd.Execute()
+	require.Error(t, err)
+	require.Equal(t,
+		"256-bits is 43 characters in Base-64, and 100 in Base-6. You entered 3, and probably want more",
+		err.Error())
+
+	mockIn, mockOut := testutil.ApplyMockIO(cmd)
+	// Now provide "good" entropy :)
+	fakeEntropy := strings.Repeat(":)", 40) + "\ny\n" // entropy + accept count
+	mockIn.Reset(fakeEntropy)
+	require.NoError(t, cmd.Execute())
+	require.Contains(t, mockOut.String(), "volcano hungry midnight divorce post ship bicycle fitness hospital critic protect ring trim alien there safe fine subway style impulse identify right improve print")
+}