What is private key?Private Key
The one credential that can move the assets in a wallet; whoever holds the private key controls the assets.
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- Crypto BasicsExchange Custody vs. Self-Custody
Keeping coins on an exchange means handing them to someone else to look after; keeping them in your own wallet means their safety is up to you.
- Crypto BasicsWallets, Public Keys and Private Keys
Your address is like an account number for receiving money; your private key is like your one and only signature stamp. Lose the private key and the coins are gone for good.
Related terms
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Go to “Exchange Custody vs. Self-Custody”