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RE: Steemit Crypto Academy Contest / S3W3 - The Wallets by @janeo42

in SteemitCryptoAcademy2 years ago (edited)

Your private key is basically your digital identity. It is these keys that allow you to participate in the cryptocurrency market. You can only buy and sell your cryptocurrency via your private key. If you lose this private key, you basically lose access to your crypto assets.

And if somehow this key falls into the wrong hands, the holder of this key can at any time access your crypto wallet and make fraudulent transactions that you cannot. Hence the importance of your private key cannot be overstated.

Cyber ​​criminals on the other hand are always looking for your private keys. They use advanced techniques where they want to hack your crypto exchange or gain access to your private keys. This is the main reason you should always be vigilant and ensure that your crypto wallet is secure at all times.

Thanks for sharing, I also share about the wallet. If you have time please see my post.

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Thank you @amryksr for taking the time to go through my post. Everything you have just said is valid.

Cyber criminals are smart enough to go after your private keys. But they also use other alternatives.

We are smart in working around so that we don't concede.