Project's website is asking private keys of the holders.

[bittraffic]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

UPDATE: THE project is VOLENTIX.

It became worse when I just saw this today



After someone says he wants to take out the VTX out in the verto wallet the ADMIN asked WHY?  

[Avirunes]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

Let me rephrase it for you: Would you trust someone who is asking you some money and your money vault's key in order to invest in a project? . Rest I think you are smart enough to make a decision.

[ansi]

It's plain obvious a scam project.
Private Keys were named that way for a reason " PRIVATE ", meaning only you or the ones you trust with your life can have access to it.

Even projects that have low encryption algorithm of their server, config file ... do not deserve to use their wallets in the first place, as easy as this.

[avikz]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

There are two parts of the story. If this project has their own wallet where you can't keep any other cryptos, then it somewhat makes sense! They might be looking to validate something which you probably can check with their support team.

However, if they are looking for your personal wallet's private key, steer clear out of this. It is a scam attempt! Hope this helps!

[Juse14]

They can send the token by using public key(address) of the coins, why they need asking for someone private key? You cant send any coin to private key dude. Private-key only can be used for accesing the wallet & doing transaction, its cant be used for receiving token/coins. 100% scam avoid that shit project who asking a private key.

[Tduty]

I don't know which project is that but I wish newbie people won't fall into this obvious scam. I saw this type of scammy behaviour years ago, but in this 2020, which fool scammer brings this again? Private key meant to keep in Private, even if your friend ask you to give this, you should say them No loudly. Could you please share the project name? so I can aware people through my socials.

[gundala]

I just found out there are projects that ask for silly rules about privatekey issues, but what is this project? if you can provide a source because the project could have been a project scam and this might take a lot of victims.

Me too, that's really ridiculous and very clearly it's a scam. If the OP wants to tell what the project's name is, it can be a good warning for everyone not to get caught up in fraud. It's just a private key, it's a secret, right? then if it's shared, it's the same as leaving our safe box wide open for everyone to take away the contents, that's my logic.

[wxa7115]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

Do not fall for that, one of the most important rules when it comes to securing our money is to never reveal your private key, this is the equivalent of handing your credit card and your pin to a stranger and hope that nothing bad happens.

Anyone that does something like that is going to lose their money, people need to familiarize themselves with cryptocurrencies before investing because this is one of the most obvious scams you could think of and yet many newbies fall in it.

[XCANA]

I just found out there are projects that ask for silly rules about privatekey issues, but what is this project? if you can provide a source because the project could have been a project scam and this might take a lot of victims.

Really? Am seriously in shock to hear such from people, that, strange random websites require them to input private keys before completing transactions. I said they are all scams and should be avoided by all means. A friend of mine who carelessly gave out his private keys live to regret his actions, his coins were stollen and his investment crumbled. "If it not your private keys, its not your funds"

[irixo10]

As the name goes, "private key" meaning it is private and personal to the user and not to be shared with anyone even the team. Any project asking that from its users points to scam, because in so doing the users will end up losing their control over their wallets. The project is not fair in anyway possible, this is the team trying to exploit their users. I have not seen such project before and which is why we need to be careful of most projects.

[cytpoway121]

Thats a big joke by the project website lol.

From my little knowledge in crypto currency. IF ANYONE ASKS FOR YOUR PRIVATE KEYS, BLOCK THEM IMMEDIATELY

There are several ways to go about it, metamask is there that can be employed, self drop is there, but they want only private keys first ??

Please flee from every appearances of fraud.

[hosseinimr93]

Generally, you should be very cautious whenever you enter your private key in a website or an APP. But this doesn't mean every website that asks your private key is a scam. First we should know which website you are talking about.
For example, we can enter our private key in myetherwallet and be safe.  
If the website which asks your private key is not open-source, never trust them. If that's open-source, then it needs more investigations.

[btc_angela]

If I'm not mistaken, there have been projects in the past that will ask for your ETH private keys before they will send you the bounties, so obviously this is a scam attempt. So regarding your questions about trust, why would someone send their private keys anyways? It's supposedly "private" and people who do send their keys lack the proper education and they shouldn't involved themselves in crypto in the first place.

[batang_bitcoin]

I haven't seen one but I have seen people complaining about this before. Obviously, this is like giving your own bank account number with the pincode to them.
Would you allow that to happen? our private keys shouldn't be given to anyone.

[Chuky92]

In my own little experience this points to one thing SCAM. likely seriously, how can a project team be asking members of their private keys knowing fully well what the blockchain space stands for. Asking members for their private keys is like asking them to release all manner of control they have over their investment which is uncalled for. I have not encountered such projects but it's not far or wrong from saying it's only but a scam project.

[Yamifoud]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

Ahah...in that case, it looks like you are giving them a chance to control your wallet and possibly to empty in just a minute.
That it looks a smart way of scamming and if you are also a fool, then you have to give your keys. But I think you're not and you shouldn't have to deal with these people or even have a communication with them cause the more you will talk to them, the more you are dragging their attractive words to manipulate your decision.

You can actually give them the wallet address but not the keys otherwise, you are just simply giving them a chance to scam you.

[LbtalkL]

That is very suspicious possibly a scam and just want to get your private keys. I am just curious is this website a DEX?  you have mentioned also "of their wallet" this project has its own wallet? What blockchain are they using? or they have their own blockchain? If they have their own wallet and blockchain maybe they meant just to import your wallet. I want more info from you. Thanks!

[jerrison]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

if i clearly understand what the word private means. It is pertaining to a particular person,  not to be shared with any second or third party.   A private key is just for a singular person and not for any other person to have access to. If the above said is true then, no website can actually act under any legal guise to get you to expose your private key to them. except for extentional apps like Metamask and other likes, I do not see the need for giving out private keys.

[Rengga Jati]

A private key is something privacy as the name. Giving a private key to another party or person means that you risk your funds on the wallet.
Giving PK means that your wallet is not secured again. If a project wants to do that and asking about your Private key, I think that it is very strange. They seem to be a scammer, very smooth. Be careful when someone or party is asking your private key. Never give it to them.

[leowonderful]

Copying and pasting something like your private key's extremely dumb in any circumstance because there's plenty of malware out there that can read what you copy and paste, and even though keyloggers also exist, it's infinitely better to look and type out your private key if you ever needed to do so in a circumstance like the one mentioned in the OP.

A project like this might not only be a scam but also poorly designed.