Cryptocurrency wallets and private key

[Nomad]

paper wallet is a concept where you store your private keys in a written form on a paper and keep it safe in case something unwanted to happens to your web based wllets

 

[Ceeny007]

Private keys and seed phrases are very important part of the crypto currency exchange,if you misplace your phrase or keys you can as well kiss your crypto goodbye

 

[Setho]

Private keys are normally very long and as such I always believe that the cryptocurrency what you look for a better way of bringing about security like security questions.

 

[Aaron625]

If you are using core cryptocurrencies wallets , it's always necessary to save your private key in safe place. Otherwise save the copy of the backup file of the wallet in a safe place , so you can recover your crypto wallet in a new device.

 

[Elfinito]

The last paragraph of this post got me so deeply.
I am fun of saving my password as screenshot and now I have realized it is not safe because they are many app which has access to my photo and files.
Thank you for this message

 

[Kubiat-Abasi]

This makes me to recall when I was introduced to Forsage TRX by a dubious colleague. I actually forgot the mnemonics or keywords because the whole investment did not turn out well.

 

[Thinker009]

Most times it's better to save it in your email address ,most people even save it in the bank ,most especially when there is very huge fund in the wallet and it's holding more Bitcoin or coin

 

[Galahad]

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 .

Write it out on a sheet of paper, snap it and save it in cloud storage

 

[Heatman]

People always make the mistake of leaving some vital information on their image galleries and it's not safe because those images can be leaked and you will be in a bind.

 

[Trexxxy]

True, having a screenshot of your private key is a no no. That is why some of the crypto wallets don't allow users screenshot their private keys.

 

[Niftyyem]

The one who has the keys owns the coins, which is why it is very important to guard your private keys. I saw an airdrop lately where one of the conditions to receive it was to paste one's seed phrase in a box provided in the form and I really felt for noobs who would fall for such obvious scam.

 

[kinqzbitz]

First of all what is the master key??it is a key that keeps you in charge of your wallet and and without that key you are automatically a stranger to your own wallet

 

[Ezekiel]

Thanks for the information it is very well nice to know but I will also love to know if saving the key world in email is a bad ideal

 

[Sotherefore]

Private key is what you can use to recover your wallet especially if you lost access to it, I have my trust wallet private key and I don't save it on my phone and I don't also save it on my Gmail account because it might be risky as people can have access to your email, I should be saved offline.

 

[HayKay]

The one thing I do which is recommended as well is to save the private keys in a document format and back them up to any good cloud storage.
I was able to retrieve my trust wallet keys that way when my other phone crashed.

 

[greenie]

The security of crypto wallets will depend on us how to store passwords, private keys and passphrases, this is very important, recorded separately (offline), so that it will be safe from hackers, the private key will also be useful as an import and export address for supported wallets.vvvvvvvvvvvv

 

[Lens]

I watched a YouTube video that explained how to recover one's wallet keys if it is lost. So, saving the keys on the phone as screenshot will not work well at this period because it may expose your wallet.

 

[Sotherefore]

To me you do not write it in a sheet of paper but you have to write it down in your file, a lot of people who are investing heavily in cryptocurrency may not really use an online platform, they use hard wallets.

 

[Sincerem]

Crypto wallet were designed with a built in system that would ensure that transaction performed on the site are safe and secure. The private key is your own individual access your crypto wallet.

 

[LadAckerman]

The private key is not that we'll know but, anyone that knows your private key can use it is used when adding bitcoin to the wallet. The public key is a shorter code that allows others to send bitcoin to your wallet. Cryptocurrency wallets have their own formats.