INTRODUCTION
Good evening all, today I want to share with you how I can keep my keys save ad what and what I know about the platform..
Question 1
Have you retrieve all your keys on steemit?
Yes, I have retrieve all my keys on steemit, immediately my account was created I was told by my mentor store them offline. I retrieve it though my PDF file..
Question2
Do you know each of these key functions and restrictions
Yes I know all my keys functions and restrictions, I will be starting with my private key..
private key:
This key is used for login into your account, for commenting, resteem,voting, following a user account, edit or even to mute someone.
Active key:
This is another important keys, it's functions is to transfer streem tokens to another user account, it's also use for powering down and powering up your steem token, we can use it for converting Steem Dollars and voting for witnesses,
memo key:
Memo key is used for encrypting and decrypting memos when transferring funds.
owner key:
This key is meant to be used when necessary, it is used to recover a compressed account..
master key: The master password is the password one gets upon signing up, it's used to generate all the other keys including the owner key.
Question 3
How do you plan to keep your master password?
I was told that if I misplaced my master password automatically I have lost my account, so for me I plan to store it offline, with that is is secured.. the word offline is that I can store it in my pdf file or copy it out safely..
Question 4
Do you know how to transfer your steem token to another steem user account
Yes that is simply to be done, because it was showed to me by my mentor. Here are the steps to take when doing this transaction....
Firstly I login to my steemit account with the used of my private posting key, in My profile I will click on wallet and it will take me to another page which will require my private active key, I will then use my private active key and insert my username name, from there I will have to click on the arrow then I I click on it, when I do that, transfer, power up, trade and market will display, the correct to click is transfer.
When I click on transfer, I will input the user name I want to transfer too, then I set the amount I want to transfer, when that is done I clicked on next and ok, then my transfer is successfull..
Question 5
Do you know how to power up your STEEM?
Powering up is quite simple, to do that you follow the same steps like transferring tokens to another user account, the only this to do is to click on that little acon in your liquid STEEM, when you do that transfer, transfer to savings, power up,market and trade will display, this time you don't click on transfer you click on power up.
When I click on power up, I will input the amount of STEEM I want to power up, this time I don't need to input a user name, my user name is already automatically stored there, I just need to input the amount I want to power up, after that I clicked on power up and ok, when that is done my powering up is done..
CONCLUSION
So my fellow newbie, thanks for reading my post I really appreciate..
Cc
@goodybest
Hi @udybrown what is master key and it's function? And what's the difference between master key and owner key?
Which is which keys will you be needing to perform transfer and power up?
And mention specifically how you're keeping your keys safe
Tag me when you're done ✅
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Hello @goodybest, so sorry I'm replying late, I'll be burying my father next week so I'm so busy.
Please I've done the corrections.
Thanks,l appreciate.
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You have not made any corrections regarding which key you use to transfer Steem or power up/down
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Happy to see those people learning how to secure their account on steem..make sure you keep it to a safe and dry place..put it anywhere the more to keep your master password the more better
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Thank you. I'll sure do that.
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You have done well @udybrown
I will get mine done soon
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@databae. Thanks dear
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