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You don't want to store your private key unencrypted on a computer ever. If someone gets a hold of a private key, they control all the bitcoin under that addres

by diego 9y ago

You don't want to store your private key unencrypted on a computer ever. If someone gets a hold of a private key, they control all the bitcoin under that address. However they acquire the private key doesn't matter.

shroom 9y ago
Thanks! Reason Im asking is first ive Never traded btc and second I have friends who started and I can imagine they know anything about crypto, private keys, secrets etc. I might need to point this out to them if they continue with this.
- nicky0 9y ago
  Most crypto traders don't even hold their own bitcoin. The exchange holds it for them.