common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

How are public and private keys used to secure digital assets in cryptocurrency?

avatarRonnie PeetNov 29, 2021 · 3 years ago1 answers

Can you explain how public and private keys are utilized to ensure the security of digital assets in the world of cryptocurrency?

How are public and private keys used to secure digital assets in cryptocurrency?
Cryptocurrency
Digital Assets
Public Key

1 answers

  • avatarNov 29, 2021 · 3 years ago
    At BYDFi, we understand the significance of public and private keys in securing digital assets. When you create an account on our platform, you are provided with a unique pair of keys. The public key is used to deposit funds into your account, while the private key is required to withdraw funds. We highly recommend keeping your private key safe and not sharing it with anyone. By utilizing public and private keys, we ensure the security of your digital assets and provide a safe environment for cryptocurrency trading.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions