Post
Topic
Board Beginners & Help
Re: Private keys
by
Timmzzy
on 03/08/2023, 18:30:37 UTC
One of my friends said he understands that If you give away your private keys to someone, they can basically be used to drain your wallet of all its holdings. Which makes private keys so much so private and should always be stored securely and never shared. But something is not so clear about this keys as in the statement below:

"for Non-custodial wallets, it is required you to store your private keys, as it gives you sole responsibility over sensitive data."

First, are private keys for Non-custodial wallets to be looked out for and stored/saved just like the seed phrases? And

Secondly, what other times would a wallet owner need to personally use the private keys aside from its primary automated role of authorize transactions?

This private key has really helped me alot to recover all my savings i could remember 2018 when i was using IMTOKEN WALLET till date my phone got bad to a point it refused to boot and what saved me was i wrote it down in my dairy. take note guys dont store your PK on you mobile phone and if its to be stored make sure you encrypt the DOC.