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RE: For Newbies: What is My Steemit Wallet Address and How Can I Make a Deposit? Visual Step by Step Help Guide 🐳 A 100% Steem Power Up Post

in #steem7 years ago

As i see you have a public and a private Memo Key. It has a button "Show Private Key".
Which one do i use for transactions?
I assume the private key?

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That's what I was wondering! I assumed it was public because cryptos usually have a public address, but the author wanted to hide his, which makes me think it's private. Now I'm confused...

Yeah! Which one is it??? LOL

Which key is use?

I'd like confirmation on this as well, but I would assume that it's the private key because that would be required for any wallet to enable the outbound transfer of an asset.

As it seems it is in fact the public key.
But i noticed that the memo usually doesn't even matter, at least not on steemit.com and bittrex.com (when you buy steem and transfer, memo can be random)

I tried the private key and it didn't work... gotta use the public key for transfers of Steem

I feel the same way, why does he not specify which key to use? He does mention that the Memo key he used was private and that's why he covered it in the image but he did not include "Show Private Key" in the instructions. I am sending 1 Steem to test before I make my full deposit...

Its good to keep your public keys also private if possible. Thats why bitcoin changed it’s adresses from public keys to hashed public keys a long time ago.