How Public and Private Key Work In Your Crypto Wallets

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If you own cryptocurrency, you most likely have a wallet where you keep your coins. However, these cryptocurrency wallets do not contain any actual cryptocurrency. Instead, they contain two kinds of keys: private and public keys.

A public key is used to send cryptocurrency into a wallet while a private key is what verifies those transactions and proves the ownership rights to a specific wallet address.

But is there all that is to know about these two keys?

Check out this video to understand the main differences between these two keys and their respective role in your day-to-day crypto transactions!

Timestamps:
00:00 Intro
00:16 Definitions of Public Key and Private Key
00:46 Differences between Public Key vs Private Key
01:38 Respective roles in crypto transactions
02:33 Tips to secure your wallet
02:51 Outro

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Комментарии
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Crypto's borderless nature has turned global transactions into seamless experiences, redefining the way we do business. 🌍✨

HannaHanna-ocbf
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What is known to transact any form of funds be it fiat currency or crypto that exists in a totally private jurisdiction when transacting your money?

Dr.SeymourPisarekFTIMM-ciub
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How can log in why I don't have the account

okehiehamilton
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Superb explanation. Tangem wallet, one of the best at the moment in my opinion.

ediscatovic
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Whats the difference between private key and seed phrase?

garrettsur
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If i understand correctly this means if you forgot your private key you just lost all of your money with it and it can not be regenerated or restored?

drxstudio
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now the problem is

lets say person A wants to send message to me
a hacker person B, pretends to be me, and interferes in the transaction

and, instead of showing my public key to A, the hacker interferes, and show's hackers public key to A

now if A encrypt the message, (thinking its my public key, but actually not mine), the hacker can decrypt it

how it this situaiton handled?

lifeofsadat
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Do we need to buy private key or public key ?

gracegaur