Crypto keys: Dos and donts - Crypto in Plain English - Episode 296 - by cryptohunt.it

Crypto keys: Dos and donts

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English.

Today, we’ll pick up where we left off yesterday. Remember that our goal is to get your crypto funds off centralized exchanges that control your money, and into your own crypto wallet. And also recall that anyone who has the key to your wallet controls access. Likewise, because these keys can look so complicated, forgetting them means you’ll never get your money back.

Ready then? Let’s get started and talk about things to do and things not to do with your keys.

Obviously, the biggest thing to do is to make sure you can always remember the key when you have to.

We’ll go into more detail tomorrow, but this is not as easy as writing it on a piece of paper, because that can be stolen or destroyed and misplaced.

The list of dont’s is much longer: And it starts with the way you write down the key. Try to avoid copying it manually if you can. Lower and upper case matter, and it’s easy to make a mistake because it’s so complicated. And who knows if you’ll still be able to read your handwriting in a few years?

Secondly, don’t share it with anyone. Nobody who asks you for the key has anything good in mind, they are, without exception, scammers. Don’t write it down on a place where people can find it either.

And lastly, make sure it can stand the test of time. How you write it down will impact how long you can keep it. And tomorrow, we’ll talk about places to store that secret key of yours safely.

This podcast is produced by Cryptohunt.it the easiest place to learn crypto. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, Design is done by Carmen Rincon and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.