The main point here is this if you don’t have the private key, no coin or token truly has any value. A few days ago, one of my friends had about $4K in his wallet. He thought it was safe. It would have been safe, if he hadn’t used it to interact with various sites. Somehow, a scammer got access to his private key. He didn’t even know it, nor did he realize what had happened. Within minutes of depositing the funds, a hacker drained his wallet.

From this, I learned how crucial it is to keep your private key safe. He couldn’t recover it no matter how hard he tried. That’s why I believe securing your wallet’s private key is absolutely essential otherwise, your funds could vanish just like my friend’s.
At last i said, Not your Keys - not your Coins.