Many new crypto users who are just starting out get confused with wallet security because a Private Key and Receive Address look almost the same — long strings of mixed characters that seem similar. But behind that similarity, their functions are very different, and a mistake can cause your crypto to be lost forever with no way to recover it.
🔴 PRIVATE KEY — Never Share With Anyone
• A long string of letters & numbers • Gives full control over your wallet and funds • Can transfer, withdraw & sell your crypto anytime
📌 Private Key = Your wallet’s master key Once someone gets it — your funds are gone permanently.
🟣 PASSPHRASE (SEED / BACKUP / RECOVERY PHRASE) ➡ NEVER SHARE WITH ANYONE
• 12 / 18 / 24 random words (example: apple yellow storm...) • Works the same as Private Key — full access to your wallet • Anyone with it owns your assets 100%
🔥 EXTREMELY IMPORTANT 🔥
WRITE your Passphrase on paper or a notebook — DO NOT save it in phone notes or cloud storage. Then KEEP IT IN A SAFE, PRIVATE LOCATION where only you can access it.
📌 If your phone is lost, damaged, stolen or reset, you can import / restore your wallet to a new device using your Passphrase. No Passphrase = No recovery. Funds gone forever.
🟢 RECEIVE ADDRESS — Safe to Share
• Looks similar to a Private Key but used for a different purpose • Only for receiving crypto (cannot withdraw or access your wallet) • Similar to sharing your bank account number — deposit only
📌 You may share this with anyone who wants to send you crypto.
Simple Rules to Avoid Scams 🔥
🔴 Private Key ➜ ❌ Never share with anyone ➜ Gives full access to your wallet ➜ Leak = total asset loss
🟣 Passphrase (Seed/Backup/Recovery Phrase) ➜ ❌ Never share ➜ Write & store safely offline ➜ Needed to restore wallet on new device
🟢 Receive Address ➜ ✔ Safe to share ➜ For receiving funds only ➜ Cannot access or move your crypto
Key Takeaways
✔ Private Key & Passphrase must remain private, offline & secure. ✔ Receive Address is safe to share for receiving crypto. ❗ One careless mistake can cost your entire portfolio — permanently.
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NON-CUSTODIAL WALLET:
Don’t Confuse Private Key, Passphrase & Receive Address!
Many new crypto users who are just starting out get confused with wallet security because a Private Key and Receive Address look almost the same — long strings of mixed characters that seem similar.
But behind that similarity, their functions are very different, and a mistake can cause your crypto to be lost forever with no way to recover it.
🔴 PRIVATE KEY — Never Share With Anyone
• A long string of letters & numbers
• Gives full control over your wallet and funds
• Can transfer, withdraw & sell your crypto anytime
📌 Private Key = Your wallet’s master key
Once someone gets it — your funds are gone permanently.
🟣 PASSPHRASE (SEED / BACKUP / RECOVERY PHRASE)
➡ NEVER SHARE WITH ANYONE
• 12 / 18 / 24 random words (example: apple yellow storm...)
• Works the same as Private Key — full access to your wallet
• Anyone with it owns your assets 100%
🔥 EXTREMELY IMPORTANT 🔥
WRITE your Passphrase on paper or a notebook — DO NOT save it in phone notes or cloud storage.
Then KEEP IT IN A SAFE, PRIVATE LOCATION where only you can access it.
📌 If your phone is lost, damaged, stolen or reset,
you can import / restore your wallet to a new device using your Passphrase.
No Passphrase = No recovery. Funds gone forever.
🟢 RECEIVE ADDRESS — Safe to Share
• Looks similar to a Private Key but used for a different purpose
• Only for receiving crypto (cannot withdraw or access your wallet)
• Similar to sharing your bank account number — deposit only
📌 You may share this with anyone who wants to send you crypto.
Simple Rules to Avoid Scams 🔥
🔴 Private Key
➜ ❌ Never share with anyone
➜ Gives full access to your wallet
➜ Leak = total asset loss
🟣 Passphrase (Seed/Backup/Recovery Phrase)
➜ ❌ Never share
➜ Write & store safely offline
➜ Needed to restore wallet on new device
🟢 Receive Address
➜ ✔ Safe to share
➜ For receiving funds only
➜ Cannot access or move your crypto
Key Takeaways
✔ Private Key & Passphrase must remain private, offline & secure.
✔ Receive Address is safe to share for receiving crypto.
❗ One careless mistake can cost your entire portfolio — permanently.