Cryptocurrency wallets and private key

[Donkiz]

Access keys to cryptocurrency wallet is very important, I have heard stories of people that lost there wallet access keys and couldn't login again and I keep wondering how people can be careless with important things like that, anyway it's highly recommended that you find a method that works for you and use it to save your access keys.

 

[Peterlight]

By granting then access to your gallery , it means that they can access your gallery at will , they don't need a second. Permission.
The fact is that you are fortunate that you have not downloaded an app with a malware in it which can still information from the phone.

Oh my god!!! I never knew cos I have countless apps that I have granted access to my phone. As from now, I have to be careful and stop being ignorant cos I didn't know I was granting them full access to my phone and content on my phone. Thanks bro, I just thought it was a normal procedure from any app and site I join.

 

[Nicklas22]

Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all Bitcoin addresses generated for the wallet. Because the private key is the "ticket" that allows someone to spend bitcoins, it is important that these are kept secret and safe.

 

[Erik4150]

Private keys are very important. It is necessary that the user must keep it safe and never reveal it to a third-party. Private keys are a good measure against cybercrime because it protect against hackers who can break into your wallet and steal.

 

[Seun4luv]

I will like you to know that Every wallet contains one or more keys, which are saved in the wallet file. The keys are mathematically related to all Bitcoin addresses generated for the wallet. Because the key is the "ticket" that allows someone to spend bitcoins, it is important that these are kept secret and safe.

 

[Abibatabosede]

Great lesson,it is very important to have private key to ones wallet so as to protect it from been vulnerable to the public accessibility. Screenshots is not an option to securing wallet because anyone can have access to it.

 

[Josemendez]

Great lesson,it is very important to have private key to ones wallet so as to protect it from been vulnerable to the public accessibility. Screenshots is not an option to securing wallet because anyone can have access to it.

Yeah , one may unintentionally send out give out his phone to a friend ,who happens to be a crypto guru . Upon seeing the screenshot of the private key , he can snap it and use it to steal your coin , you won't know who to suspect .

 

[Ehizzy1]

Oh i think this is why i cant screenshot my trust wallet app keys , because i was thinking of what might have caused the issue of not able to screenshot , and i guess if you want to keep your private keys keep it in a very safe place to avoid it been stolen or forgotten i think , so thats one thing i do

 

[Deleted member 6201]

Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all Bitcoin addresses generated for the wallet. Because the private key is the "ticket" that allows someone to spend bitcoins, it is important that these are kept secret and safe.

 

[Oloritoks]

I think the security of having private wallet depends on individual's wisdom of ensuring that his or her account is not breached by another person so as to avoid one's Bitcoin being left empty, but is best you do what you are expected to do in that regards.

 

[Adeyoola7]

Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all Bitcoin addresses generated for the wallet. Because the private key is the "ticket" that allows someone to spend bitcoins, it is important that these are kept secret and safe.

 

[gammarays]

Your private key is as important as your recovery phrase and shorter too. However, I normally use my recovery phrase for my crypto wallets. It's not good to store your keys or recovery phrase online for any reason. Hackers can easily access it by accessing your dump folders or exploiting it through spy apps. I was a victim when my trust wallet was hacked.

 

[Heatman]

Once you are familiar with cryptocurrency wallets , you should also know that private key or seed phrase are the most important aspect of cryptocurrency wallets.

Just as one can't open his door with the key to the door , so it is with cryptocurrency wallet.
The private keys are the only way one can access his wallet , especially when installing a new wallet .

This is why it is important for us to write our private key on a sheet of paper ,where only us can access .

Saving Private keys as screenshot is not quite encouraged ,as it will put the wallet in danger of being hacked by apps that have access to our gallery .

If it's possible to use eye scans as password upgrade in all Cryptocurrencies wallet, I believe it would be a good idea. It would have pin, finger print and eye scan. There is no way one can hack your account. Even if they steal your phone, they can't pluck out your eyes.

 

[Kelly5]

Once you are familiar with cryptocurrency wallets , you should also know that private key or seed phrase are the most important aspect of cryptocurrency wallets.

Just as one can't open his door with the key to the door , so it is with cryptocurrency wallet.
The private keys are the only way one can access his wallet , especially when installing a new wallet .

This is why it is important for us to write our private key on a sheet of paper ,where only us can access .

Saving Private keys as screenshot is not quite encouraged ,as it will put the wallet in danger of being hacked by apps that have access to our gallery .

A cryptocurrency wallet is a place where you store cryptocurrency assets. While a cryptocurrency private key is a kind of security and private access key that is supposed to known only to you the owner of the cryptocurrency wallet

 

[Sehrish]

In simple terms, you can think of the pair just like an email account or a bank login; the address is like your username or email address, and the private key is like your password. However, if you want to send the coins within your wallet to another wallet, you will need your private key. This is exactly like an email account; the email address is a point of reference for users on the email network to send mail to, and the password gives you full access to the privileges of the account

 

[Richard92]

Crytocurenccy private wallet code is very important to protect your crytocurenccy form others who operate your phone or system, so that they will not withdraw or still your crytocurenccy. Most people put private code which is only know by them only. This code might be there names or date of birth, which is confidential to them only.

 

[Josemendez]

If it's possible to use eye scans as password upgrade in all Cryptocurrencies wallet, I believe it would be a good idea. It would have pin, finger print and eye scan. There is no way one can hack your account. Even if they steal your phone, they can't pluck out your eyes.

This is true bro , however the scan I meant is the etherscan ,where one can be able to scan your account with your public address and he will be able to see all your erc-20 based tokens . This is to me affects privacy and can be a problem in Future .

 

[Heatman]

Crytocurenccy private wallet code is very important to protect your crytocurenccy form others who operate your phone or system, so that they will not withdraw or still your crytocurenccy. Most people put private code which is only know by them only. This code might be there names or date of birth, which is confidential to them only.

Seriously, saving one's password as a screen shot in the phone galary isn't security conscious because anyone can access such details if you lose your phone and just like that the person will have access to your cryptocurrency wallet and steal all your investment. I normally upload all my passwords to my email account.

 

[Mrallison]

Private key is very important based on the fact that fraudulent/hacking of crypto accounts are frequent these days. I don't screenshot mine i just use abbreviation that only i will understand to save my password on my Note

 

[Heatman]

Private key is very important based on the fact that fraudulent/hacking of crypto accounts are frequent these days. I don't screenshot mine i just use abbreviation that only i will understand to save my password on my Note

I hope you don't forget what those abbreviations means one day because it will be very hard for you to recover your account unless there is a way to reset your password for you to create a new one. I use one password I have been using for the past 7 years for all my accounts set up.