Actually i have tried using one password but some apps require only 6-7 characters as password and some require up to 9 characters while others like g-mail will complain of password being "too weak" until i write my great grand father's name
I know about these passwords requirements for long when I started using passwords, so I did my very best to create a password that covers all these requirements so I can use one password all over in all my accounts.
Absolutely a private keys are very important to keep wallet safe and secure One of the best ways to keep wallet secure should its phrase keys put down on a notebook so from this way Your wallet gets secure and easy to access.
Yeah the note book should also be kept somewhere safe ,because of someone who is knowledgeable in cryptocurrency finds it , he can steal your money. Alternative method is to rearrange some positions ,so that one can't easily get the combination.
yes very well siad brother , i once screenshoted my private key but unfortunately my phone got renew suddenly and all my got cleaned. When i installed the app , i did not have my private key and i lost almost 30$ in it. After then i always write it on a paper.
Saving your private key in a very safe place is very important because it is essentially the only backup that you have to your wallet. There are many people that choose to actually print it out and keep it within their safe. It is important that you don't have the private key on the same device as the actual wallet because if your device is hacked the hacker will have access to both of these. It is best to keep this safe in an offline location.
Sorry about your painful experience . Indeed $30 loss is something big. I think it has also taught you the lesson of how important cryptocurrency wallets are ,and why we need to always keep their private keys safe .
It is a big issue maybe you have listened some person forget his private keys and he lost millions of dollars.
Sometimes when you don't do something, life immediately gives you a lesson . Not only storing my private key , now i also store my data of financial work in written instead of digital which i like very well now.
Glad you are taking this step towards securing your financial work , but isn't it difficult for you to hand write your financial work ? , Even if you prefer it to be in hard copy , you can type it and then print it out , it will be faster.
its lke making some bills in my business of steel , I try to make all those things handwritten and save them at various places like hand written , screenshot and hard drive, as a precaution if one gets deleted .
The private key, other side called seed phrase by some Cryptocurrency websites is indeed and in fact more important than the Cryptocurrency itself. this is because should you make any mistake, all your funds are gone. therefore we should always save our private keys in a very secured place not even as a picture on gallery
As you said you can't open a closed door without a key, do you need key to open a door. Those Wallet key is for the security of the wallet itself. Incase you lost your wallet, you can use those keys to retrieve them back. The main function of those keys is for protection of your coins
