DEFINITION
A Private Key is a sophisticated form of cryptography that allows a user to access their cryptocurrency. Think of it like the physical key to a safe deposit box, but in digital form. It is a long string of alphanumeric characters that proves you own the funds in a specific wallet.
Unlike a bank PIN, a Private Key cannot be reset. If you lose it, access to the funds is lost forever. If someone else gets it, they have full control over your money.
Why it matters for your legacy
In digital estate planning, securely passing on the Private Key (or the Seed Phrase) is the only way your heirs can inherit your cryptocurrency. ➜ Inheriting Cryptocurrencies
DEATHINITION Assistant

