Cryptocurrency wallets and private key

[Josemendez]

I support you, the seed phrase is very delicate and very important so it should be kept very well I usually advice people to save it to cloud in case where the phone get stolen you will still have your seed phrase.

Many people have lost their crypto assets because they misplaced their private keys . There was one man that lost about 1000 BTC because he lost his recovery keys

 

[Dowenship]

Yeah but most times drive can easily be stolen or you may forget you have your private keys there and lend it out to someone who may use it against you

What of paper wallet, someone like me i do misplace some informations i wrote down in a paper, if i don't have an electronic back up for the seed phrase then its gone.

 

[Queentener]

Many people have lost their crypto assets because they misplaced their private keys . There was one man that lost about 1000 BTC because he lost his recovery keys

You are right, I know someone who was robbed and his phone call collected from him. He only saved the seed phrase on his phone, that was how he lost his coins.

 

[mcjerry]

You are very right. I prefer writing down passphrase and private keys to having my coin store in an hardware because if the hard ware should crash they all you funds is gone or if you loss the hardware then your funds is gone also. But writing down private key and passphrase, you can save it in many places and retrieve it any time

 

[Niftyyem]

If it is possible Link your phone number to your Wallet such that each time you want to run a transaction an OTP must be sent you to authenticate the transaction , this is very much secure because hackers finds it difficult to hack phone numbers at the moment.

This feature is available on Trust wallet in the form of imputing password every time a transaction needs to happen and I think that is good.

 

[Setho]

The crypto currency wallets is built in in such a way that only can have control of your coins and that is why it is important to keep this private keys safe somewhere .

 

[Shigobad2020]

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 privacy key in a crypto currency wallet is like a key to opening your house or your safe, without your privacy key , you cannot have access intonyour crypto currency wallet account .

 

[ahmedo24]

A privacy key in a crypto currency wallet is like a key to opening your house or your safe, without your privacy key , you cannot have access intonyour crypto currency wallet account .

Definitely and that what makes wallets more secure than the exchange platforms which only make use of password, email, Google authenticator as security measures.

 

[Aaron625]

The crypto currency wallets is built in in such a way that only can have control of your coins and that is why it is important to keep this private keys safe somewhere .

Yeah most of the wallets are like the that , but wallets like coinbase require email confirmation , and even Binance . We dont hold private key of our crypto in these wallets.

 

[eLdavis]

Seed words needs to be protected with great care, cause with it others can have access to your wallet, and they can do anything. I saw a news of someone who his crypto wallet was hacked and he lost over $2000 worth of crypto coins. I believe one of the best ways to keep your seed words is by writing it on a book manually and keep it safe.

 

[Heatman]

This is actually one of the reason why it is very important for you to make use of a word secure cryptocurrency wallet because it will help you to be safe from hackers who will try to steal your cryptocurrency.

 

[Delight]

My private key of my cryptocurrency is stored in a file inside the house with a with an arrangement that any of my family members can access the private key in the future in case I die,have to make all this arrangement

 

[Josemendez]

You are right, I know someone who was robbed and his phone call collected from him. He only saved the seed phrase on his phone, that was how he lost his coins.

Wow , so sad that he has passed through sad scenario , losing his fund and also losing his entire crypto savings . Must be very hard for him . This will also teach him lesson

 

[Snazzy001]

This is one major criteria that have boosted my level of confidence in this crypto wallets. This is a very unique such that one can't break into your wallet easily
[automerge]1625253622[/automerge]
This is one major criteria that have boosted my level of confidence in this crypto wallets. This is a very unique such that one can't break into your wallet easily

 

[Bookwormlux]

These phrases could easily be forgotten and one would lose access to everything in their portfolio. I prefer wallets that make me put a password or use biometric.

 

[Queentener]

Wow , so sad that he has passed through sad scenario , losing his fund and also losing his entire crypto savings . Must be very hard for him . This will also teach him lesson

It was a tough period for him, that made him decide to educate people about keeping their seed phrase either in the drive or cloud. Because it's save there.

 

[Ub40]

Actually, our private key is very important for unlocking our and as such should be kept safe as you have rightly stated above, but personally, I don't see anything wrong in one do screenshots of private keys. And I also don't think one's gallery can easily be hacked just like that. It is just my opinion though.

 

[Josemendez]

Actually, our private key is very important for unlocking our and as such should be kept safe as you have rightly stated above, but personally, I don't see anything wrong in one do screenshots of private keys. And I also don't think one's gallery can easily be hacked just like that. It is just my opinion though.

Ones gallery can be hacked by app that has permission to access the gallery. Secondly , if the phone is stolen then the person will lose the private keys.

 

[Destinyfejiro]

I don't really think giving access to site and apps means they can actually hack our gallery..well as for me I screenshot my keys and also wrote it down twice just in case cause it would be heartbreaking to me to lose them

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 .

 

[FreshKaz11]

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 .

I don't disturb myself using any other wallet that need to use many key before I could access my wallet,but with binance wallet to access my wallet is very easy to do so u will always use it I guess.