The Dynamic Duo That Makes Crypto Work
🧷 What Are Keys in Crypto?
In crypto, keys are like passwords — but smarter.
Your public key is like your email address
Your private key is like your email password
You give your public key to the world. 🌍
You guard your private key like your life depends on it. 🛡️
Together, they allow you to send, receive, and prove ownership of your crypto.
📬 The Public Key
Generated when you create a wallet
Can be safely shared
Is used to create your wallet address
People use it to send crypto to you
💡 You could post it on a billboard and still be safe (just don’t do that with your private key 😅)
🔐 The Private Key
Secret code that proves you own your wallet
Lets you send crypto
If you lose it? Your coins are gone forever
If someone steals it? They own your crypto
This key must stay offline, hidden, and ideally locked in Fort Knox. (Okay maybe not Fort Knox, but you get the idea.)
🕵️♀️ So How Does It Work?
Let’s say Alice wants to send Bob 1 BTC.
Here’s what happens:
Bob gives Alice his public key (or wallet address)
Alice sends 1 BTC to that address
The blockchain records it, but only Bob’s private key can unlock/spend that 1 BTC
Bob uses his private key to access or move it
This whole system is powered by cryptography
Your public key is your mailbox. Your private key is the only key that opens it.
Public key = shared to receive crypto
Private key = used to unlock and spend it
You need both to make crypto work
Never share your private key (like, ever)
Ok, before we move on to how to get started in crypto, lets quickly get into transactions & fees.
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