Cryptocurrency keys are the basis of security and access to your assets. Here's a closer look:
- private key is a secret key known only to you. It is used to sign transactions and gives you access to your funds.
- Security: private #ключ should never be shared. It should be kept in a safe place as anyone who gets your private key will have access to your funds.
- Storage: it is recommended to store private keys in hardware wallets or in offline environments (so-called cold wallets).
- A public key is a public key that can be shared with others. It is used to generate addresses to receive cryptocurrency.
- Feature: The public key allows other people to send you #криптовалюту . It does not give access to your funds, but allows you to create addresses for receiving payments.
- The wallet address is a shortened version of your public key. It is used to send cryptocurrency to your wallet.
- Feature: Addresses are usually presented as text strings or QR codes that can be scanned for ease of use.