When you sign up as a newcomer in steemit, you will be provided with various keys that will be used for logging in and carrying out various tasks on the platform and you are advised to save those keys somewhere secure because loosing them may have bad consequences. Below are those keys and thier uses.

Posting key:

This is used to log into the app so as to perform actions various social actions on the platform.

private memo key:

This is used to decrypt your transfer memos.

Private owner key:

This is used to reset all other keys for example of your steemit account is compromised you can use this key to recover the account within a short period of time.

private active key:

This can be used to carry out actions like powering up your steem, transferring tokens, and basically everything related to your steemit wallet.

public keys:

it can be used to encrypt and verify messages.

steemit wallet:

This is where your steem tokens are stored, actions like powering up of steem and powering down of steem are carried out here.

Transfer of steem:

Rewards for posts on steemit are paid in Trons and Steem into your steem wallet and these can be transferred to other people using the following steps.
Step 1: open your steem wallet
Step 2: click on the option on your steem balance
Step 3: select transfer.

Powering up of steem:

This is used to transfer steem to steem power and can be done using the following steps.
Step 1: open your steem wallet
Step 2: click on the option on the steem balance
Step 3: select power up steem.

Question 1: Have you retrieved all your keys on steemit?
Yes I have done that.
Question 2: Do you know each of these keys functions and restrictions?
Yes I know all their functions and restrictions.
Question 3: How do you plan to keep your master password?
I have saved it as a PDF(hard copy) for easy accessing and security.
Question 4: Do you know how to transfer your steem token to another account?
Yes I know how to do that as mentioned above.
Question 5: Do you know how to power up your steem?
Yes I know how to power up my steem