What is a Private Key and Why Do You Need One?

A private key allows users to access their cryptocurrencies. It’s a sophisticated form of cryptography that protects users from theft and unauthorized access to their funds. Once you start dealing with cryptocurrencies, you get a public address (a place where you receive and deposit your tokens), and a private key. You need a unique private key because you can’t withdraw your tokens without it.

It’s very important to store your private key in a secure location because in case you lose it, you won’t be able to access, transfer, or withdraw your funds. Private keys can be stored on paper wallets (printed documents), QR codes, online wallets, or hardware wallets (offline software wallets). Online wallets store private keys on devices or systems that are connected to the internet - mobile wallets, desktop wallets, and web-based wallets. Whatever options you choose, make sure your private key is known to you only.

Our Private Keys Policy

Our private keys policy is simple and straightforward: We do not own your private keys and cannot access your funds without your confirmation under any circumstances. That means your private keys are known to you only. In conclusion - to answer your question, your private keys are safe and secure with NFTb.io, so you can keep collecting or selling your artwork on our platform.

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