#JoinGrowthPointsDrawToWiniPhone17 Special announcement to all #Pioneers.



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.
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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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