MySQL - Best command to backup database

Best command to backup MySQL database

mysqldump --hex-blob --extended-insert=false --complete-insert=true -uUSERNAME -pPASSWORD DATABASENAME > backup.sql

--hex-blob

Ensure that blob columns are exported correctly. MySQL will convert BLOB to hexadecimal.

--extended-insert=false and --complete-insert=true

Ensure that when backup.sql is imported back, it uses less memory. MySQL will generate a separate INSERT query for every record in every table instead of only generating one INSERT command per table.

If you think you have a better command, please comment.