Cryptocurrency wallets and private key

[Setho]

I have learn that the private keys idea I'd just a method that was brought up to ensure only you have access to your account and that is why you should always keep it safe.

 

[ahmedo24]

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.

Binance is an exchange platform so you don't need private key but your password and email verification to access your account.

 

[Haveit]

One of the disadvantage of online site is online fraud which most crypto currency wallet are trying to prevent and I respect that as one would not need authorization to complete transactions in most wallet.

 

[Josemendez]

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

What does it sound to you when you give an app access to you contact and gallery ? It means that they can access information in these places.

 

[Destinyfejiro]

What does it sound to you when you give an app access to you contact and gallery ? It means that they can access information in these places.

Literally that sounds just exactly like what you said , though I don't really think I have given any site or app access except Whatsapp , Facebook ...most of them are social media app..so I don't think ones need to be bothered

 

[Kelly5]

Infact this is a very valid point at such a time like this where people's wallets are been hacked and funds stolen away with speed of light.

 

[Setfragil]

Cryptocurrencies wallet private keys ate very important aspects of your app, it helps you to have access to your app and protect it in case you lose your phone. It also helps prevents unauthorized access to your wallets.

 

[Kelly5]

So is the cryptocurrencies seed phrases too. They aw very important in case you lost or forget our password to your account, the only saving grace is to get your seed from where you have written them and saved to recover your access into your wallet back

 

[BTCBEE]

I have learn that the private keys idea I'd just a method that was brought up to ensure only you have access to your account and that is why you should always keep it safe.

yes its really important for all to keep safe their fund in their wallet safe because so many people are looking for a hunting wallet and they can access it if your wallet is not secure.

 

[Josemendez]

Literally that sounds just exactly like what you said , though I don't really think I have given any site or app access except Whatsapp , Facebook ...most of them are social media app..so I don't think ones need to be bothered

Well , they might be safe but I still encourage you never to store your private key in your gallery , someone can steal your phone and have access to the private key

 

[Destinyfejiro]

Well , they might be safe but I still encourage you never to store your private key in your gallery , someone can steal your phone and have access to the private key

Alright I would keep that in mind , well I would definitely delete it asap as soon as I log out from here.. prevention is better than cure

 

[Kunkun]

Indeed, the importance of keep the key safe can not be stressed enough as it is what can render the wallet vulnerable so you know it has to be kept somewhere safe

 

[Justin]

The safest way to protect your wallet is by writing your private keys in a paper and storing the paper in your bank locker. You can also secured by locking your devices.

 

[Setfragil]

True tho most Cryptos contain their private keys, which only the owner have access to. Their was case of a friend of mine who lost his private key he could not get access to his wallet , he lost his cryptocurrency, so it is important for one to keep his private key well .

It is very important to keep tour private keys in safe place in order not to have problem when situation like this arises. When I lost my phone that contains all my cryptocurrency apps and wallet, I never lost any coin or token because I kept my private keys in a safe place.

 

[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 .

Private key and seed phase is the most common aspect of crypto currency wallet, and its like a key used in openings the doors of your crypto currency wallet .

 

[Josemendez]

Private key and seed phase is the most common aspect of crypto currency wallet, and its like a key used in openings the doors of your crypto currency wallet .

Sure . This is why people prefer to use such wallets because it offers them the privilege of having their wallet secured. Anyone without it cannot access the wallet.

 

[Mostee501]

Definitely private key is an important aspect of cryptocurrency wallets and it shouldn't be taken for granted but rather kept securely like ones bank security number.

 

[Snazzy001]

I like how strong this key in question is and how they could guarantee the security of one's wallet, I remember losing my own and that was the last time I accessed my wallet

 

[Setho]

In as much as I love cryptocurrency I do not like the idea that come with this kind of violence and their private keys that is why I just use exchanges instead.

 

[Ceeny007]

What I did with mine is,I made a screenshot, sent it to myself via email that I deleted the screenshot from my phone