Your private key like the name suggests should be kept “ private” at all times and so far you’re the only individual who has access to your private key, the funds stored on the public key (also known as the wallet address) are safe and can be managed from any wallet of your choice. The private key is always paired with the public key and serves as a password to the “ vault” i.e a wallet that stores crypto assets on the blockchain. It is your key to receiving and storing your crypto assets on the blockchain. In some cases, your wallet address may not be the public key itself but generated from your public key.Ī public key like the name suggests can be made “ public” and be shared with anyone. It is basically what is known as the wallet address across many blockchains. The public key of the wallet works like an email address and it allows you to receive and make crypto transactions on the blockchain. Once any wallet is created on the blockchain (via Trust Wallet in this case), there are two keys issued – the public key and the private key of the said wallet. Wrapping Up What Is A Private Key? Trust Wallet Private Key Explained
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In one of our older articles on this website, we showed you how to find your Trust Wallet recovery phrase and in this article, we will show you how you can generate your Trust Wallet private key from the recovery phase easily and more.
Unlike some other crypto wallets out there, Trust Wallet doesn’t directly provide you with the private keys associated with your wallet rather, it combines these keys into a 12-word recovery phrase which is easier to back up and remember.
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Trust Wallet like most non-custodial crypto wallets gives users full control over their crypto assets by providing the associated private keys in form of a 12-word recovery/seed phrase whenever a new wallet is created. On most centralized crypto exchanges like Binance, Coinbase, and the likes, you only have limited control over your crypto assets stored across the wallets assigned to your account since you don’t have access to the private keys of these wallets, but on non-custodial crypto wallets, things are done a little bit differently.
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