ACHIEVEMENT 2 @chimdi.vibes TASK : BASIC SECURITY ON STEEMIT
Hello y'all!
It's been so long since I showed up in this space, and I assure you, I'm glad to be back!
Well, today I'm going to be talking about Basic Security on Steemit, just as the title of my post suggests. Okay first of all, I really have to let y'all know that as paranoid as I am about passwords, I did a double-take when I saw all the keys required to run on Steemit. Like what! Come on, cut a girl some slack, that's more keys on my Steemit account than I have on the keyholder holding my bunch of housekeys!
I guess I got around to understanding why we need all these after all, but not after a bout of internal screaming and sheer disbelief that I'd be expected to have ALL these keys and keep them extra safe. And on top of that, Steemit is not like any of your regular platforms where Google saves your passwords for you, or you have an option to recover or change your password in case you forget it. Steemit makes you work hard to keep your keys safe, and that's such a laudable virtue. (I promise I'm not being sarcastic...lol)
Alright guys, I've got to stop myself before I chatter on. I'm actually here to tell you about all the dizzying number of keys on Steemit and what they are used for. Ready for the ride? Ready or not, here I come!
MY STEEMIT KEYS
Think of Steemit keys this way; it's like a bunch of keys. Housekeys in this instance (so sorry I'm talking about housekeys so much). You have a key which opens the lock on your gate which gives you access to the rest of the house. This particular key is what ushers you into your living area (the surroundings). It doesn't necessarily take you into the building, but it's a start to the whole journey of getting into your house. This is what I'd call the MASTER PASSWORD.
The MASTER PASSWORD is quite frankly the key of all keys. It is with this password that other keys are derived. Like the gate keys of your house, it gives you access to deriving other keys, which would subsequently help you operate your Steemit account. Get it? (I sure hope so. But like it's said in local parlance, if you don't get it, forget it)
Note also that since Steemit keys are not easily retrievable (at least not like these other platforms we are used to), it's wise to keep your keys safely. I'd personally advice that you find an offline haven for your keys. That way, you can still get to them if your digital safespace suddenly starts malfunctioning. You should also refrain from sharing your keys with third-party. That's a no-no and you may be jeopardizing your account by doing that.
Moving on, there's also the POSTING KEY. This particular key right here is what you use for regular logins, resteeming and making posts, as well as other mundane Steemit stuff such as commenting, making edits, voting and following or muting other accounts. Now here's what I like to call the 'main house key' or 'main entrance key'. It gives you access to the rest of the house and all the other mundane day-to-day stuff you want to do within the house.
Next up is the ACTIVE KEY. I particularly like this key because it gives me the vibes of a bank card. You know, withdrawals and funds and stuff, eh? (In my best southern drawl). So like you must have guessed already, it is used to make transfer of funds, make conversion to steem dollars or SBD, for powering up and powering down transactions, as well as placing market order. You can typically say that it is the main key for most steemit wallet transactions.
Then we have the OWNER KEY. I'd call this one the spare key. This is because it is rarely used, and it's only required when your account has been compromised (probably hacked) and it is also incredibly powerful as it can change any of the other keys you've been given. Just like the spare keys of a house which can easily replace the main keys if they are lost or compromised.
Lastly, we have the MEMO KEY. It is used when you want to make transfer funds. Its main function is to encrypt and decrypt memos when fund transfers are being made.
Not that asides these keys aforementioned — which are all private keys by the way — there are also other keys called public keys. These public keys, as the name implies, may be shared, but these other private keys are for your eyes only (in a smooth J Cole lyrical tone...lol).
STEEMIT WALLET
So uhmm.. the wallet, yeah? Let's talk about it for a bit.
So let's say you want to withdraw funds, or transfer funds for that matter. How do you go about it? How about steem transfer from one steem wallet to another? How do you even withdraw funds? Most people would transfer steem to a binance wallet and then carry out the withdrawal process from there. Let's see how to transfer steem to a steem wallet.
First, you need to click on the drop-down arrow indicated on the image below. It is right next to the steem value (0.000 in this case).
Next up, click the first option available which is 'Transfer'. When you click on it, a dialogue box like this will pop up. You are expected to fill in the required information in the fields provided. Afterwards, click on 'Next'. Once you are done with this, you'll be moved to a 'transfer successful' page.
Click on 'transfer' and fill in the fields on the next page
Now in case you want to transfer steem to a binance wallet instead, fill the fields as indicated in the image below. Fill your account name in the 'From' field, and 'deepcrypto8' in the 'To' field. Then the amount of steem you want to transfer in the 'Amount' field and finally, the address of your binance wallet in the 'Memo' field.
Transfering to a binance wallet
Done!
Well, that's it for this post, and I hope you enjoyed reading it. Tell me what you think in the comment section. I love to read your comments! So uhmm...Achievement 2 is done and dusted from my side; I really hope you find this post insightful and enlightening. Till next time, I remain @chimdi.vibes
Thank you so much for all you do! @cryptokannon