QUESTION IMAGE
Question
question 4 of 10
what is the best description to explain the difference between public and private keys for accessing cryptocurrency?
there really is not a difference between public and private keys for cryptocurrency.
public keys are like an email address and private keys are like a password.
public keys are like a password and private keys are like an email address.
public keys are only used on public exchanges and private keys only for wallets.
Public keys are shared publicly to receive cryptocurrency, similar to an email address others use to send you messages. Private keys are secret, used to access and send your cryptocurrency, just like a password that grants you access to your account. The other options are incorrect: there is a clear difference between the keys, the role reversal is wrong, and both keys function across wallets and exchanges, not limited to one platform.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
Public keys are like an email address and private keys are like a password.