Post
Topic
Board Bitcoin Discussion
Re: I am new to Bitcoin and have been using Coinbase only.
by
TheGreatPython
on 13/10/2021, 16:10:50 UTC
Everyone talks about keys, what exactly is a key. Where can I purchase one and how does it work.

Thanks and good luck to everyone. I am already up about 22 percent on my investment and extremely happy. I do feel that BTC will go to the moon.
Key is not something you buy. The Key that you hear people talking about is the Private Key, which gives you full access and control over your cryptocurrency from anywhere around the world. And you only get to have a private key for your wallet when you’re making use of a decentralized wallet, and not centralized wallet like Coinbase.com.

Coinbase is a good wallet to use, and so far I think it’s a safe platform, except that they are the ones keeping your cryptocurrency for you, and you only have your email and password, but as always a lot of people are going to prefer to hold their private keys, because they know that private keys gives them the complete control over their wallet.