Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ashraf786100 on November 22, 2020, 12:06:43 PM

Title: who is the Importance of recovery seed/private keys
Post by: ashraf786100 on November 22, 2020, 12:06:43 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Hometown on November 22, 2020, 12:23:31 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.
Yes private keys and phase is very important and private for all cryptocurrencies holders. If anyone lost his private keys and phases, he losts all of his assets. Before saving any keys and phases one should keep in private space.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Crypto Guard on November 22, 2020, 01:13:48 PM
I think we should have a good and best security system. because in crypto we don't have help from anyone. If indeed we lose then we won't be able to come back.
Title: Re: who is the Importance of recovery seed/private keys
Post by: gunhell16 on November 22, 2020, 01:54:08 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.

Agreed, though seed phrase is really good for recovering your wallet account. Although, the private key is most of the time being
use when we open our wallet, just don't give it to others you didn't trust 100%, because for me the only private key is the one I put it in a safe place in USB, though I don't have any seed phrase.
Title: Re: who is the Importance of recovery seed/private keys
Post by: comer on November 22, 2020, 02:06:24 PM
private key is one most to be keep safe at all times since this is the way to access all functionality of the wallet. seed phrase are just use to recover your wallet but if you have the private keys nothing to worry about and the sed phrase is not needed anymore... Just keep the seed phrase though to recover your wallet in case you loss your private keys.
Title: Re: who is the Importance of recovery seed/private keys
Post by: MrSpasybo on November 22, 2020, 02:21:12 PM
Create a wallet on the official project website, keep your private keys or seed phase in a safe place (you can write it down or copy it to a private usb), and be careful when browsing to avoid viruses. That will keep the crypto assets in your wallet safe.
Title: Re: who is the Importance of recovery seed/private keys
Post by: wxxyrqa on November 22, 2020, 02:51:01 PM
private key is one most to be keep safe at all times since this is the way to access all functionality of the wallet. seed phrase are just use to recover your wallet but if you have the private keys nothing to worry about and the sed phrase is not needed anymore... Just keep the seed phrase though to recover your wallet in case you loss your private keys.
I am concerned about one question, how can I get my secret key. The fact is that I am using the metamask application and initially created a new Ethereum wallet. I have a set of phrases to recover and access my wallet. But How can I get a secret key in metamask, as well as a file key with a password? Or does metamask not provide this?
Title: Re: who is the Importance of recovery seed/private keys
Post by: Tnoy30 on November 23, 2020, 08:13:03 AM
All information should be stored in a safe place. Otherwise, there will be a possibility of damage. That means all the keys to the wallet can not be shared with anyone. There are many hackers all over the world. If you can't give a private key to any phishing site, there will be a possibility of getting damaged. So I think anyone associated with cryptocurrency needs to be more careful.
Title: Re: who is the Importance of recovery seed/private keys
Post by: labonikhatun on November 23, 2020, 10:02:14 AM
I agree with you that private keys should not be shared with anyone i will lose everything and we will lose the number of scammers has increased a lot due to the increasing demand for crypto. In that case there are many projects that collect their personal information by showing greed that's why we need to stay away from all these sites and be careful before we work .
Title: Re: who is the Importance of recovery seed/private keys
Post by: TERMINO on November 23, 2020, 10:10:14 AM
Not you share this information with anyone. That way you can stay safe.

I'm skeptical about this. What will happen if there is an emergency and the person who own bitcoin, ethereum in his/her wallet disappear let say died? The tokens will not be used forever unless the private key/recovery seed accidentally discover. It would be wise to share it with your trusted family for emergency cases.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Alter on November 23, 2020, 10:20:26 AM
Yes, something like password/private keys/seeds must be saved properly. They are the key to access our crypto assets. Without them, we will lose our assets and have no idea to complain. I saw in some telegram groups that some people forgot to save it and just create wallet addresses only. It was a really stupid and careless act.
Title: Re: who is the Importance of recovery seed/private keys
Post by: shadowdio on November 23, 2020, 10:42:32 AM
Of course it is important that you keep safe your private keys because it is a log in information and not to share it to anyone even your family. If you store your private keys in your computer you should install a solid antivirus, just to make sure to not getting hack.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Lenipiw on November 23, 2020, 11:22:46 AM
People all over the world keep their keys in a safe place. Because any key is used to re-launch a website or wallet. So I think they are needed in any situation. Should be kept in a safe place. Which cannot be shared with anyone else. Because there are lots of users who can do harm. Try to keep the information confidential.
Title: Re: who is the Importance of recovery seed/private keys
Post by: lepbagong on November 24, 2020, 06:24:14 PM
People all over the world keep their keys in a safe place. Because any key is used to re-launch a website or wallet. So I think they are needed in any situation. Should be kept in a safe place. Which cannot be shared with anyone else. Because there are lots of users who can do harm. Try to keep the information confidential.

based on experience do not also trust close people who are also involved in crypto, usually those who are nosy do commendable deeds so that we think we have been hacked, but not at all, trying to create a new wallet.

Actually, there are many ways to be really safe, I used to save a private key but now change it to save the JSON file because I think it is safer and we can store it safely anywhere because every time you want to open a JSON file you are required to enter a password. after that combine it with metamask to see every progress of our token.
Title: Re: who is the Importance of recovery seed/private keys
Post by: @chison on November 24, 2020, 07:20:47 PM
Yes, we are always warned to keep our recovery phrase and private key safe. Developers go ahead to warn that they can't recover for you. You do not have choice but to keep them safe.
Title: Re: who is the Importance of recovery seed/private keys
Post by: lepbagong on November 24, 2020, 07:31:06 PM
Yes, we are always warned to keep our recovery phrase and private key safe. Developers go ahead to warn that they can't recover for you. You do not have choice but to keep them safe.

That is what we will get information before creating a wallet, that's why it is important that it is always maintained, like the friend above said that if it is lost and forgets then we cannot return the wallet. of course it will be fatal that what we store on the wallet we will no longer be able to use and disappear without a trace.
so that what we do is like being swallowed up by the earth and it is very painful because there is no alternative that can help restore.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Delgboke on November 24, 2020, 11:31:06 PM
It is very important we know how to handle our information especially the phrase, seed and private key because here is the main engine that hold our crypto assets with the consciousness that if will lost any of this passwords our assets we be gone.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Coin63@ on November 25, 2020, 02:46:28 AM
Actually most of the wallet ie , myethereumwallet (private keys, numeric phase) , Metamask ( phase) *Trust wallet (phase) , tron pro Link ( phase) etc etc based wallet. If you lost your above wallet phases you will lost all your assets. So don't to forget it and keep it Private notes .
Title: Re: who is the Importance of recovery seed/private keys
Post by: KKH84 on November 25, 2020, 03:13:00 AM
If you are an Android mobile user, there is an application made by Google and so far I have kept various private keys or seed phases from various wallets such as ETH, TRX, ADA and many more.  What is special in my opinion is that if we lose our cellphone or it is damaged and we buy a new cellphone, the most important thing is that we have to enter the same email as the email on the new cellphone, everything we have ever stored in the application will appear again and nothing is lost.  If anyone is interested please download it  https://play.google.com/store/apps/details?id=com.google.android.keep (https://play.google.com/store/apps/details?id=com.google.android.keep)
Title: Re: who is the Importance of recovery seed/private keys
Post by: TomPluz on November 25, 2020, 04:37:45 AM
Thanks for this very timely reminder. Now, that Bitcoin and other altcoins are starting to move upward, I am sure that cryptocurrencies can be very valuable as the market is on the pump, so we should be careful that we are not losing access to our digital assets. The best way to secure one's cryptos is always a hard wallet but not all can have this device so the next bet thing to do is to make sure that we are dealing with a reputable platform, so we are not going to experience great loss. Private keys means access and to some extent ownership to our dear cryptocurrencies.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Mexite on November 25, 2020, 06:48:36 AM
Private key, mnemonics or seed phrase are the keys that unlock any blockchain wallet. So it is important that anyone guards it jealously unless they want someone else to steal their funds. I personally go the traditional way by writing down my seed phrase. It's safer that way.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Tnoy30 on November 25, 2020, 07:32:44 AM
All important information should be stored in a safe place. This means that all the necessary passwords and keys to be associated with cryptocurrency should be kept in a safe place. Because if they are lost, they cannot be saved again. The information should not be shared with anyone.
Title: Re: who is the Importance of recovery seed/private keys
Post by: sergeybobrov on November 25, 2020, 02:53:37 PM
I always store my private keys on a USB stick and make a copy on an external hard drive.  When copying keys, I always disconnect my computer from the Internet.
Title: Re: who is the Importance of recovery seed/private keys
Post by: indexx on November 25, 2020, 03:05:16 PM
By having a private key that I guard well. Indeed, I feel safe because I am sure that my data and assets will not be lost. however, one day if I really want to pass on to my children and grandchildren, maybe I will tell them the private key.
Title: Re: who is the Importance of recovery seed/private keys
Post by: babu10 on November 25, 2020, 03:46:16 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.

Yes, anybody can not open his house for stolen and if he does its his mistake. Same way of private keys. This is very very important keys for your wallet home and if you lost these keys then how you retrieve? Even if you pass your keys to others you also may be sufferer for that . So make always store in a safe place your keys and you will be safe.

thanks.
Title: Re: who is the Importance of recovery seed/private keys
Post by: masudginanjar on November 26, 2020, 06:04:57 AM
Do not give the name of your private key or private property to others.
Suppose we have a luxurious house and don't give the key to others because it can be dangerous for our property in the house.

Likewise for cryptocurrency, which until now for the Private Key, don't give it to others because it is the key that can make you rich in the future.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Ghozrd on November 26, 2020, 06:19:08 AM
Private keys do need to be stored securely, but if you have a lot of crypto assets I recommend using a cold wallet or paper wallet.
The goal, of course, is to avoid hackers who want to take your private key from your computer or from your flasdish.
However, if you have someone who is truly trustworthy, you can provide the phrase or private key in certain circumstances, for example when we are sick, then we cannot exchange crypto coins and need someone we trust to be able to make these transactions.
Title: Re: who is the Importance of recovery seed/private keys
Post by: gagah119 on November 26, 2020, 12:02:40 PM
The private key or private phase is important, because it is access to open our wallets, usually I save it on my cellphone and write it on a paper for me to keep.
Title: Re: who is the Importance of recovery seed/private keys
Post by: highnayem34 on November 26, 2020, 12:50:38 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.
I dont know why did u create this topic. Everyone knows about it. It's not the year of 2016. The post should be create in off-topic/wallets section. Its altcoins discussion.
Title: Re: who is the Importance of recovery seed/private keys
Post by: flyaccount on November 26, 2020, 01:53:55 PM
All data related to wallets must be properly protected and safeguarded. Because indeed this information is the key to our crypto assets. this makes us have to really focus on taking care of crypto.
Title: Re: who is the Importance of recovery seed/private keys
Post by: hushpupppy on November 26, 2020, 04:40:23 PM
Private keys or seed phrases of your etherum wallets, bitcoin wallets, stellar wallets et al are very important; they ensure that your funds are safe; they ensure that you are able to send and receive tokens very easily.

If you allow your wallet to get hacked for any reason; then you could lose your funds forever.
Title: Re: who is the Importance of recovery seed/private keys
Post by: sampoerna on November 26, 2020, 11:02:40 PM
I think that having a master password, market recovery and other backups is of course for the security of our assets. Because if we lose the data, we may not be able to access it anymore and our assets will be lost. How often does this happen?
Title: Re: who is the Importance of recovery seed/private keys
Post by: I-Bit on November 26, 2020, 11:16:39 PM
No phrase, no private keys, means that your asset is lost. it means that you don't own this coin. As first, we can really make sure about the backup phrase and also private key right here. we can assume that there is nobody else there who wants to be me
Title: Re: who is the Importance of recovery seed/private keys
Post by: Pluto25 on November 27, 2020, 03:27:29 PM
Myethereumwallet, Metamask, trust wallet, tronprolink, mathwallet etc are private keys/ phases based wallet, all assets would be lost if anyone lost his private keys and phases.
Title: Re: who is the Importance of recovery seed/private keys
Post by: masterrex on December 01, 2020, 01:59:22 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.

I think both are a very important piece of keys that hold your addresses and wallets identity, thats why it should be stored in a secure and safe place that anytime you want it you can access with it, without any problem because if it's gone or missing I'm pretty sure you won't/cant access anymore in all of your stored cryptocurrencies with that wallet/addresses. 
Title: Re: who is the Importance of recovery seed/private keys
Post by: Thymoty on December 01, 2020, 04:34:47 PM
It is very important that you save all your important information and keep it in a safe place. If they disappear There is nothing that you can do about it. Not you share this information with anyone. That way you can stay safe.

Yes, the seed and private key are the most important things that crypto users must backup when they first create their wallet, because there are many cases where crypto wallets are lost due to the owner's negligence who forgot their seed / private key.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Hasan986 on December 01, 2020, 05:30:43 PM
It is important to keep the key. When you first open a wallet, you need to save the key or file in the saved place. Keep it printed if necessary. Some need to be printed in a few places. File or key or seed need backup on always on personal pendrive.
Title: Re: who is the Importance of recovery seed/private keys
Post by: UNIVERSE on December 01, 2020, 11:41:46 PM
To be honest, I am really confused about what you will say here. The title says about who and the post said about the reason. Can you differ it?
But, I agree that no key means we don't own the coins. It is very important to always save the private keys, seeds, mnemonic phrase, password, PIN, and other important data to access certain wallets or platforms.
Title: Re: who is the Importance of recovery seed/private keys
Post by: Piku on December 02, 2020, 07:28:35 AM
You should not share all your personal information and passwords with anyone. Because the password of the account where you keep the cryptocurrencies cannot be shared with anyone. Sharing with a member other than a family member can be harmful.
Title: Re: who is the Importance of recovery seed/private keys
Post by: zulfi125 on December 02, 2020, 04:46:28 PM
Seeds/Private keys can be safe if you write down on paper and place this paper in your lockers and you have only keys of your lockers don't save in your laptop or PC, your seeds or private key can be accessible by others.
Title: Re: who is the Importance of recovery seed/private keys
Post by: debra on December 02, 2020, 11:51:47 PM
I believe that you meant the importance of storing private keys. Well, I do agree with most members here, no private key, no coins. Actually, to access some platforms, we can't only use a private key. We must know the platform, there may need backup phrases with password or PIN, Json file configuration, private keys, or even only passwords. WHatever needed, you must keep it safe.