joe91 Posted October 19, 2017 Share Posted October 19, 2017 (edited) Hello, I am new to this forum, but long time lurker, you guys are Awesome!!! I have a general newbie question - I have a few XRP in Kraken and in Gatehub. So here is the dilemma - Kraken as i speculate is a hosted wallet, so i have username and password there - all is fine. Gatehub as I conclude - offers a private wallet. So here is the question - when I created account with them - i did password and username (as with Kraken) but then they gave me a recovery key (in case i forgot my password) and private key. As i understand, private key can be obtained inside the account when I log into Gatehub (under view private key preferences) So the question is: why should I record my private key in paper and store it in a safe place (as many here tell to do) if I feel perfectly safe - as long as I can log into my Gatehub account and view it There!!>? ( I mean - if Gatehub end up to be scam artists - then yes - but if they are Legit?!? - why should i write down or save my private key - if there is a bigger chance that someone steals it from my notebook than my online wallet.....) Thank You for any insights !!! Edited October 19, 2017 by joe91 Link to comment Share on other sites More sharing options...
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