private posting key can be found in your wallet>permissions area, click [show private] button to see it. The reason it is needed is for you to be able to cast votes while using the app, but the key remains outside of the developers server from using steemconnect made for steem based apps so it is secure, and this posting key cannot be used to access any of your funds so there is less incentive for someone to try stealing it than your master password or active keys. The master key you never give to anyone for any reason, the active key you must be extremely protective of, and the posting key you just want secured so nobody can vote for you but it will be needed for some apps you use to post or vote, as far as I can tell this one is very secure.
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