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Your private key is hidden inside the software behind this user-friendly string of words.However, if you keep your crypto in an exchange wallet (such as Coinbase or Binance) or with acustodian, then that company holds your private key for you.

Boost sales by automating customer segmentation with AI driven systems ✌️【Job Application】✌️Turn ₹500 into massive returns with smart, high-yield investments!Strictly speaking, it would control your funds on your behalf.The function of the private key, technically speaking, is to "sign" transactions that use your funds.

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Boost sales by automating customer segmentation with AI driven systems ✌️【Job Application】✌️₹500 to start earning passive income with high monthly returns.The public key encrypts transactions, which can be decrypted only by the corresponding private key.

Boost sales by automating customer segmentation with AI driven systems ✌️【Job Application】✌️Invest ₹500 and enjoy fast, secure monthly profits. Start now!The technology is called public-keycryptography, sometimes abbreviated PKC, or asymmetric cryptography.A final note that cannot be stressed enough is that you must keep your private key or seed phrase or both safe and secret.

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Don't take a screenshot of it or take a picture with your phone as these digital copies are often targeted by hackers.Benedict George is a freelance writer for CoinDesk.

He has worked as a reporter on European oil markets since 2019 at Argus Media and his work has appeared in BreakerMag, MoneyWeek and The Sunday Times.

Boost sales by automating customer segmentation with AI driven systems ✌️【Job Application】✌️Achieve up to 100% returns with just ₹500. Invest smart, earn big!Benedict holds a bachelor’s degree in Philosophy, Politics and Economics from the University of Oxford and a master’s in Financial Journalism from City, University of London.

He does not hold any cryptocurrency.Boost sales by automating customer segmentation with AI driven systems ✌️【Job Application】✌️Invest ₹500 to unlock consistent monthly returns. Start now for big rewards!