Public Key vs Private Key: The One Mistake That Costs Billions"Not your keys, not your coins." We hear it all the time, but for beginners, the difference between a Public Key, a Private Key, and a Seed Phrase can be confusing. Mixing them up is fatal, share the wrong one, and your wallet is drained instantly.
Here is a "Back to Basics" guide on Cwallet Learn that breaks down the cryptography behind our wallets using simple analogies. Here is the summary:
The Bank Account Analogy •
Public Key = Your Account Number: You can share this with anyone. It's how people send you money .
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Private Key = Your PIN Code: This is what signs transactions. If anyone sees this, they have full control over your funds .
Crucial Security Rules: •
One-Way Street: You can generate a Public Key from a Private Key, but you can never reverse the math to find the Private Key from the Public one .
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Recovery is Impossible: Unlike a bank, there is no "Forgot Password" button. If you lose your Private Key, the assets are mathematically locked forever .
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Storage Matters: Don't store keys in screenshots or text files. Use cold storage or secure, encrypted environments.
Read the full beginner's guide to keys here: Public Key vs. Private Key: What You Must Know to Protect Your Crypto Assets