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Author Topic: who is the Importance of recovery seed/private keys  (Read 5540 times)

Offline hushpupppy

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Re: who is the Importance of recovery seed/private keys
« Reply #30 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.

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Re: who is the Importance of recovery seed/private keys
« Reply #30 on: November 26, 2020, 04:40:23 PM »

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Offline sampoerna

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Re: who is the Importance of recovery seed/private keys
« Reply #31 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?

Offline I-Bit

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Re: who is the Importance of recovery seed/private keys
« Reply #32 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

Offline Pluto25

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Re: who is the Importance of recovery seed/private keys
« Reply #33 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.

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Re: who is the Importance of recovery seed/private keys
« Reply #34 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. 

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Re: who is the Importance of recovery seed/private keys
« Reply #35 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.
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Offline Hasan986

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Re: who is the Importance of recovery seed/private keys
« Reply #36 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.
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Re: who is the Importance of recovery seed/private keys
« Reply #36 on: December 01, 2020, 05:30:43 PM »


Offline UNIVERSE

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Re: who is the Importance of recovery seed/private keys
« Reply #37 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.

Offline Piku

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Re: who is the Importance of recovery seed/private keys
« Reply #38 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.

Offline zulfi125

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Re: who is the Importance of recovery seed/private keys
« Reply #39 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.
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Offline debra

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Re: who is the Importance of recovery seed/private keys
« Reply #40 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.
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