🔐 Three concepts to understand your wallet at $BTC
1️⃣ Public address: lets you receive funds. You can share it, although its activity can be viewed on the blockchain.
2️⃣ Private key: authorizes transactions. It must remain secret.
3️⃣ Recovery phrase: in wallets that use one, it lets you restore access. It should not be shared either.
There’s another important difference: with custodial wallets, a third party manages the keys; with non-custodial wallets, that responsibility is yours.
Which concept did you have the most questions about?
Source: Binance Academy — Billeteras de criptomonedas
#bitcoin #Criptomonedas #Seguridad
The author may receive rewards from Binance.
1️⃣ Public address: lets you receive funds. You can share it, although its activity can be viewed on the blockchain.
2️⃣ Private key: authorizes transactions. It must remain secret.
3️⃣ Recovery phrase: in wallets that use one, it lets you restore access. It should not be shared either.
There’s another important difference: with custodial wallets, a third party manages the keys; with non-custodial wallets, that responsibility is yours.
Which concept did you have the most questions about?
Source: Binance Academy — Billeteras de criptomonedas
#bitcoin #Criptomonedas #Seguridad
The author may receive rewards from Binance.