Keys and Security

My Steemit Account Keys

Question 1: Have you retrieve all your keys on steemit?

Question 2: Do you know each of these key functions and restrictions?

• Posting Key:

  This is the key I need whenever I want to make a post, comment on other users' posts, edit my posts, vote, resteem, mute or follow other accounts. I can also use it to log into my account. This is especially recommended for security reasons. In case my network is not secure enough and my login credentials are stolen, then the thief would have only taken the Posting Key, which means they can't steal my steem and SBD. Moreover, I can easily use my Master Key to take back access to my account. So, as you can see, even though the Posting Key seem capable of doing so much, it can only do as much, not too much, not when money is involved! 😊

• Memo Key:

  I can use this key to add another layer of security when transferring funds on the platform to another user. The key is used for encrypting and decrypting memos when transferring the funds.

• Active Key:

  This key reminds me of how to earn on Steemit. Can you guess? 🤔 Yes, you guessed right! I have to be active. And when my reward for being active trickles in, I'll need my active key: to transfer funds, power up or power down transactions, convert Steem/Steem Dollars. Not to forget also is that I can use my active key to vote for witnesses, update my profile details and image, and place market orders. Huh, I'm feeling like a senior Steemian already. (shhh, I hope @steemcurator01 isn't listening) 🤭

• Owner Key:

  Should the need arise, I could use the Owner Key to reset all my other keys. It is the most powerful key because it can change any key of an account, including the Owner Key. In view of how powerful this key is, it's best to keep it where it's safest. Otherwise, if my account is compromised and my Owner Key also compromised, then I'm ghastly compromised! So help me God! 😂 😂

• Master Password:

  This is the first key I got when I created my account. It's the key I used to generate and download all other keys to my account. If I have to initiate a recovery for my account, I would need this key or password to generate my other keys. I guess that's why it's the master of the keys. Yes, without it even my Owner Key is gone for good!

Question 3: How do you plan to keep your master password?

Question 4: Do you know how to transfer your steem token to another steem user account?

• Step 1: Open your wallet
• Step 2: Click on the drop arrow by the balance for the token you want to send
• Step 3: Select "Transfer"
• Step 4: Type in the username to whom you're sending the token (without the @ sign)
• Step 5: type in the amount/quantity of token you want to send
• Step 6: Specify the token you're sending (Steem or SBD)
• Step 7: Click the "Transfer Tab" (You can enter a memo before clicking on this tab if you wish to add a memo)
• Step 8: Enter your username (without the @ sign)
• Step 9: Enter your password (could be your Active Key, Owner Key, or Master password)
• Step 10: Click "SIGN" tab to complete the transfer
  ✅ Wait a few second and the transfer will go thru. You'll find the transfer history at the lower section of your wallet menu.

Question 5: Do you know how to power up your STEEM?

Sure, I do. Here's how:

• Step 1: Go to your wallet
• Step 2: Click the little drop arrow under your STEEM balance
• Step 3: Select "Power up" from th drop menu
• Step 4: Type in the quantity of Steem to vest
• Step 5: Click on the "Power up" tab
• Step 6: Confirm that the user name in 'a' and 'b' are the same, then confirm the amount you specified in 'c' and click the "Ok" button
• Step 7: Observe your username in 'a', enter your active/owner/master key in 'b', uncheck 'use keychain' checkbox in 'c' if u don't understand that aspect, then click on the "Sign in" tab to complete your power up.