newbie questions about Private Key | Bitcointalksearch.org

goodvibes05

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Quote from: crypto zen on December 18, 2017, 08:26:22 PM

Im pretty newbie in cryptocurrency. I heard that we need to keep secure our Private key. Do we get a Private Key each time we open an account on an Exchange ie: Bittrex, Poloniex, Binance, Coinbase, etc? or do we get Private Key on each currency? I have account on Bittrex and Binance and Coinbase, and as I can remember they never show me Private key. do I suppose to get one?

I also need to know; Do we need to save the generated address each time we send or receive coins between exchange? the address keep changing each time we send.

And where do I get a Paper Private key?

the private key is what you use for your digital wallet like MEW, it's like a password that you have keep the safety of your tokens or coins. I think in some exchanges theres no need for a private key.

kreket1

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I gave my private key only on the etherdelta.com exchange. there it can be done safely, but I still reinsured and created another purse. in all other places I think giving my private key is very dangerous

riskrocks007

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You do not get private key for exchanges like binance, polinex, bitrex etc - you have additional security features like google 2fa.

Private Keys you get are only for wallets like neowallet, myetherwallet etc

BTC-BTC-BTC

legendary

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www.neutroncoin.com

Done expect you will get the private key from any exchange as many people have mentioned it on the thread. You should not keep your funds at any exchange for a long period of time anyway. They are big target for hackers.

ArkiCrypto

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All the things you've stated are an exchange site not a wallet that is suitable for getting a private key. If you want to get a private key you have 2 options:

1. Make an offline wallet (Ledgers, paper wallet)
You can buy ledger online but it's a little bit expensive so if you want an alternative for ledger you can use paper wallet just search online for a paper wallet ex. Bitcoin paper wallet, Ethereum paper wallet, etc.

2. Core Wallets/Software wallets
Wherein you're going to download the core wallet of the your chosen coin for example Bitcoin you should download Bitcoin Core because they have the feature on where you can get your private keys.

Docbee

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Quote from: crypto zen on December 18, 2017, 08:26:22 PM

Im pretty newbie in cryptocurrency. I heard that we need to keep secure our Private key. Do we get a Private Key each time we open an account on an Exchange ie: Bittrex, Poloniex, Binance, Coinbase, etc? or do we get Private Key on each currency? I have account on Bittrex and Binance and Coinbase, and as I can remember they never show me Private key. do I suppose to get one?

I also need to know; Do we need to save the generated address each time we send or receive coins between exchange? the address keep changing each time we send.

And where do I get a Paper Private key?
On exchange you don't need a private let me say you won't be given private key your account is managed by the exchanger. The only platform where you get your private key is when you use ERC20 platform like MEW, METAMASK, IMTOKEN, EIDOO etc.

CryptRoller

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A lot of information, so recap:

Wallet on exchange > you don't get the private key, only a public address for deposits
Wallet on MEW > you get a private key. Keep this safe and don't share it. You will need it for transactions
Wallet software (installed on your computer) > you get a private key. Keep this safe and don't share it. You will need it for transactions
Offline wallets > you get a private key. Keep this safe and don't share it. You will need it for transactions

Important: NEVER share your private key, it will give the owner access to your coins / tokens

Bento98

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if I do not think all the wallets have a private key. so the right choice to choose wallet is MEW WALLET because it uses private key and is available when we want regrestrasi.and personal key can we use when we do the exchange as in etherdelta.

Alex Melkov

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A private key is generated when you create a purse called Myetherwallet. This private key does not need to be inserted in such exchanges as Poloniex, Bittrex and so on.

tenebriscaelum

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The private key along with the wallet address is generated if you create a secured crypto wallet (like myetherwallet). The private key is the code that opens your wallet in this website so providing it or giving/showing it nonchalantly to other people will get your wallet be hacked and all the tokens/crypto that you have will be gone. That is why you should thread carefully on what you will provide in exchanges or if you are joining bounties and just provide you wallet address.

The wallet address is the only one that you will provide in exchanges and bounties it is also the one that is being provided to you be the exchange sites.

kreket1

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The private key is so named because it is yours personally. You should not give it to anyone. You can lose all the contents of your wallet. Be careful and do not fool yourself

lagabara

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Private only for wallet like MEW, parity, metamask and others and it should be kept lest others know. But if the exchanger does not have a private key. So we do not need to save after the transaction.

blazsqd

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private key is one of the important thing when you become newbie. when you do an exchange you do not need private key on your wallet.

pealr12

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Private key is sometimes the key on your vault and your the only one who can open it, so never tell it or give it to anyone, dont store your private key on your computer cause thiers a possiblity that they can steal it.

SaoAccel

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The private key is like the key in your house. To open your house you need the key. Your wallet also needs the key if you will transact with others.

P.F.

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get ready to

Yes, this is a very good tip, that you need to keep secure our Private key, i tell tou about Edelta im hit my Private key once and its work well, so my Private key stay in chrome browser and dont go to Edelta servers to seve on it.

bitlyra

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Private keys are just only in your MyEtherWallet Account. It is only one. This private key only given once when you applied for ether address in the https://www.myetherwallet.com...and I advice you to copy and save the address and keep you private key confidential.

Angelliddy

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Good lectures on this thread thanks.

Zadicar

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Quote from: SparkSun on December 28, 2017, 09:18:08 AM

I don't know about private key?
Someone please inform me about this

Have you tried out on making a new wallet? Specially on desktop wallet or even on ETH (myetherwallet). If you did able to try then you would really able to get cautions about storing up your Private keys which it is just simply an important key that would really be needed for you to access your wallet this is why its really important to keep it safe and not been known by anybody because you would really lost your coins once someone did have the possession of they keys. Just imagine on a simple concept that a thief do have a key of the door of your own house.

alexeyneu

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here is a list
https://coinclarity.com/wallets/?fwp_cold_storage=yes
not all wallets there allow access to private key ,but there is 'security' tab with private key location in each one's description

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