Newcomers' Achievement #2: Basic Security on Steem - @advocatealex

in Newcomers' Community3 years ago (edited)

Basic Security: Understand and Be Safe With Your Password and Keys

Hi, this is my second achievement in my exciting journey through being a newcomer to Steem! I learned about basic Steem security, and I want to share with you.

Understanding Your Steemit Wallet

I have read the post by @kiwiscanfly called "Understanding Your Steemit Wallet and Powering Up" which clarifies the basics of the wallet and things like powering up and down. I had some familiarity of the Steemit wallet from someone else's experience on Steem, but it was good to do this overview.

Questions To Answer

_________________________

Have you retrieved all your keys on Steemit?

The first thing I did, at the advice given so adamantly, was to print out all my keys and my master password. I saved them all to a secure file on USB sticks. I do not leave the USB sticks plugged in, so no one can get to them, even by hacking.
I go to my wallet and click the "Keys & Permissions" tab:
Screenshot 2021-08-11 102133.png
As you can see, at the bottom of my screenshot is every key, from the Tron Account and Posting Keys to the Public Keys. Clicking on any of these reveals the key. I can copy and paste into a text file and save that to a USB stick so that, as I said, it is not on my computer and cannot be accessed even by hackers.

Do you know each of these key functions and restrictions?

Yes, like I say, I knew what they did before this because I watched someone else on Steem for a few months. Now I have read Steem Keys and Passwords - Full Guide so I can be sure to remember easily.

The master password is used to recover all the keys in case of emergency.
The owner's key controls all the other keys, so you can change anything in your account with it.
The active key is for currency transfers, like sending someone crypto.
The posting key is the one you will use the most. It is for, well, posting.
The memo key is, according to the above guide, "pretty useless and can be ignored." It's for posting memos.

I am glad for guides like the keys and passwords guide, as without them I would not be sticking around Steemit. I would have too much difficulty if not for the beginners' tutorials and explanations, so let me take this moment to thank everyone who wrote and continues to write them.

How do you plan to keep your master password?

As explained above, I keep it in print and in a file on a USB stick-- actually, three USB sticks. I made copies of my password and all my Keys so that I would be sure not to lose them.

Do you know how to transfer your Steem token to another Steem user account?

I do. I will be doing so in the future, so I paid attention to these instructions.
I go to the wallet; click the down arrow next to STEEM or STEEM DOLLARS and click "Transfer":
Screenshot 2021-08-11 100451.png
I select "STEEM" or for Steem Backed Dollars, "SBD", enter the amount in the appropriate field, the username to which to send in the "To" field, and then click "Next":
Screenshot 2021-08-11 101039.png
My system got stuck on this step with the Spinning Circle of Frustration, which tends to happen sometimes, at least for now:
Screenshot 2021-08-11 101620.png
Nonetheless, you see how to do this, and this was the second to last step. The last step is to enter my username and Active Key.

Do you know how to power up your STEEM?

Again, this is intuitive and easy. I have already done this: I go to my wallet, click the down arrow next to STEEM, and click Power Up, as shown here:
Screenshot 2021-08-11 093416.png
Then I select the amount of STEEM I want to power up into Steem power:
Screenshot 2021-08-11 093800.png
If I want to power up into someone else's account, I click "Advanced", and in the "To" field I enter the username to which I want to send.
Screenshot 2021-08-11 094106.png
Now it is time to click "Power Up", which brings me here (in my case I am powering up to my own account, so the "memo" field is greyed out, but if I were powering up to someone else's account, I could attach a memo):
Screenshot 2021-08-11 094658.png
"Ok", and there it goes!
I tried to actually power up while creating this post, but again got stuck with the infamous Spinning Circle. In the past, I have watched my friend power up a time or two and it took less than five seconds; it went through just fine. I will simply try again later.
Screenshot 2021-08-11 095704.png
If you are wondering whether the hangup might be that I entered "1" rather than "1.000", I tried both.
Also, here Steem informs me that "STEEM POWER is non-transferable and requires 1 month (4 payments) to convert back to Steem." I seem to have read elsewhere that it took not four weekly payments, but 13. I am glad to learn that the process is less drawn out.

Over time, I am growing in my blogging skills, so thanks for helping me by checking out my posts, and I wish everyone the best!
Thanks to cryptokannon for making the Achievement posts so that we newcomers can learn the ropes.
Thanks to the curators.

~Alex

Sort:  
 3 years ago (edited)

I fixed this post three weeks ago and it still has not been verified.

 3 years ago (edited)

I apologize for the steem curator tag. Steem temporarily failed to let me delete tags. Now it looks like it went through after some time, so the tag is no longer there.

  • Hello you need to show the complete steps to transfer and power up your steem through screenshots , please add all the necessary screenshot.
  • Do not tag any of the steemcurators.
 3 years ago (edited)

I have added screenshots. Thanks for the tip. I wish the author had told us this in the Achievement #2 article if it was required. Anyway, it is a good idea and I am happy to do it.

The curator tag has been removed, thanks for pointing out the error.

its better to give screenshots of the things you perform :) you can check other's post as a sample :)

 3 years ago 

Done, thanks.

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.032
BTC 59120.07
ETH 2921.92
USDT 1.00
SBD 3.79