Topic: Project's website is asking private keys of the holders. - page 4. (Read 636 times)
Your private keys protect your funds so it's never a good idea to share these with any parties you don't trust and definitely not with a project that asks you for them as this will likely result in you losing all the assets stored in your wallet
I hear about this for the first time, but I believe that even the name of the key "PRIVATE" gives an understanding that no one should have access to it or see it. But if you are faced with such a project then this is very strange. If you have only these tokens on your wallet, you can enter the key and see what happens next. in any case, you simply have no choice
There is no way. It is called a private key for a reason. Not private-public partnership key.
That project sounds scary already. I have never found any of such a project. But, if I do, I will slide it into the archive of ‘scam projects. No need to engage with such a project
That project sounds scary already. I have never found any of such a project. But, if I do, I will slide it into the archive of ‘scam projects. No need to engage with such a project
It is a scam, don't ever trust a project requesting their participants to provide their private keys. The only thing they need to get from you is your wallet address for your payment and nothing more. Remember, there is no legit project that requests for private keys, all of them are a scam.
Those kind of project are just trying to take advantage of the trust that was given to them so they can exploit your funds and assets. Always remember that scammers will always look for a chance to deceive you in order to get the benefits they wanted. They will try to convince you that they are trustworthy by giving you promises and once you click that bait you will surely end up just like any other people had experience. Its the specific reason why we should be more careful and aware that such incidents may happen to us because we don't know how scammers work, they usually find another way to trick you when their system got busted. Don't let your greediness control your way of thinking because it won't do good. If the project will ask its holders of the token to copy-paste their private key in order to send tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users? They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
Don't even think of that. I lost my entire fund because of that kinda fraught. I saved my asset around 5/7k $ from bounty since 2017 and last year around January i got into trap like this. The project i participated mailed me to doing some steps with fake ERC-20 website and foolish me done that for their token and rest of the story is they scammed me.
I strongly recommend you to stay away from those kinda project. Your small greediness can create a danger for your asset. Secure your privet key from anyone and don't take such a foolish step like i did.
It felt like I have to let everyone see it for yourselves. The project however is already listed in different exchanges such as STEX, p2pb2b and Newdex. I'm a fan of EOS so I kept my time in newdex and finally wanna try this VTX token. I tried their wallet named VERTO from the playstore and deposited some EOS there but when I tried sending these EOS out of their VERTO wallet, it asked me to decrypt my private key first.
This is how to do it https://www.youtube.com/watch?v=OSQsrdP3Gis
This video is guiding users to decrypto a key configuration from the wallet backup where private keys are stored. What will happen is that I will have to decrypto this private key before I can send out my EOS.
I'll go for the title of your thread, you should not follow the instruction, your private key is for you and you alone if a project or a site is asking you to hand over your private key I will call it 100% scam or dubious project, and such a project should be named so people will be harmed and this project be tagged.
Because there would be really some people who might even send their private keys to such projects just to have benefits from the project but such kind of scammy intention projects might last no longer and at the end of their project life, they would simply withdraw all of your coins from the wallet you sent them the private keys. They might not even leave behind any of your existing tokens onto such wallets so never make the greed eat you and never go for any such kind of project.Even if they ask you to encrypt your private keys never means that it would never be possible for them to decrypt it again because decryption is a bit easier than encryption.
Private keys is a personal for you and your money security. It has possibility to lose your all token. Its a not a smart choice to provide your private key project website. If you want keep safe your token don't provide your private key.
If the project will ask its holders of the token to copy-paste their private key in order to send tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users? They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
Can you give your money to somebody who you don't know? Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
In real life, we know that we don't do things like that and it goes the same with crypto too. Fair project?? Nahhh. Pure stupidity. Just the "Copy paste their private key" is already a sign that it is a scam project. They wont be looking to the private keys then why do they need to get it at first place. Stupid project, website and the persons behind it.
Popular quote when it comes to crypto is that "No matter what happens, don't ever ever share your private keys to anyone". You may think twice to this "Project" you are saying. You're probably wise enough to answer your own question
. Its an obvious scam lols.
That was obviously a red flag, don't give your private keys to any one no matter what. It is just like giving your ATM card and your ATM card password to a thief. Don't fall for this trick, if they didn't give you your tokens if you don't give your private keys then move on, that is a scam. The only projects that we can give our private keys is if we want to use their wallet but if you don't trust the project then don't use it.
It is a scam, don't ever trust a project requesting their participants to provide their private keys. The only thing they need to get from you is your wallet address for your payment and nothing more. Remember, there is no legit project that requests for private keys, all of them are a scam.
I can never trust a project that wants to learn my private key and i stay away from that project. Private key is the biggest factor that ensures the security of the wallet. Therefore, sharing the private key with other people destroys the security of the wallet.
I have never heard any real project asking for users to submit their wallet private keys. I have seen such for some phishing Airdrop and it's mainly scam for those that know. Projects don't need your private keys for any reason whatsoever. Asking for it is a negative sign. Run away.
If the project will ask its holders of the token to copy-paste their private key in order to send tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users? They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
Don't be fooled to this kind of scheme as it is very obvious already and if you will fall to it. It only means that you are too noob to avoid this kind of scam attempt as only wallet address is needed to send any tokens/coins and not the private keys.
Asking for a private key to send a token to another wallet is unreasonable and adding instructions on how to get the private key from the application file proves to be a fraud project, keep your private key private. always safe, only a handful of large projects that require a private key for one to work necessarily need it, projects that require a private key that are not necessary are fraudulent.
That would be impossible for me to give such. I dont know about the others but that would seem to obvious inclination to scam for me. So as long as I can, Id rather stay sway from such sites.
I'll go for the title of your thread, you should not follow the instruction, your private key is for you and you alone if a project or a site is asking you to hand over your private key I will call it 100% scam or dubious project, and such a project should be named so people will be harmed and this project be tagged.
Copying and pasting something like your private key's extremely dumb in any circumstance because there's plenty of malware out there that can read what you copy and paste, and even though keyloggers also exist, it's infinitely better to look and type out your private key if you ever needed to do so in a circumstance like the one mentioned in the OP.
A project like this might not only be a scam but also poorly designed.
A project like this might not only be a scam but also poorly designed.
A private key is something privacy as the name. Giving a private key to another party or person means that you risk your funds on the wallet.
Giving PK means that your wallet is not secured again. If a project wants to do that and asking about your Private key, I think that it is very strange. They seem to be a scammer, very smooth. Be careful when someone or party is asking your private key. Never give it to them.
Giving PK means that your wallet is not secured again. If a project wants to do that and asking about your Private key, I think that it is very strange. They seem to be a scammer, very smooth. Be careful when someone or party is asking your private key. Never give it to them.
If the project will ask its holders of the token to copy-paste their private key in order to send tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users? They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
if i clearly understand what the word private means. It is pertaining to a particular person, not to be shared with any second or third party. A private key is just for a singular person and not for any other person to have access to. If the above said is true then, no website can actually act under any legal guise to get you to expose your private key to them. except for extentional apps like Metamask and other likes, I do not see the need for giving out private keys.
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