There are several levels of keys on the Steem blockchain.
When you sign up for an account via Steemit, you are only provided with a way to generate your password and then generate and retrieve the keys by logging in. They can be found under Wallet → Permissions.
When you receive your account through ourselves, you are provided with your password, private posting key, and active key. This is because we are generating your keys for you when we create your account. To retrieve the memo key and owner key you will still need to log in via Steemit.
Types of Keys
|Key Name||Reveal (via Steemit)||Purpose||Use||How To|
|Posting Key||On click||Posting, commenting, voting, following||Always, by default||Login with it for all day to day activities|
|Memo Key||Visible by default||Encrypt and decrypt memos||As needed||Login with it to reveal encrypted memos|
|Active Key||On click + login||Transferring funds||As needed||Use it only when money needs to be moved|
|Owner Key||Provided||Changing other keys, restoring account||Rarely||Advanced functions only|
|Master Password||Provided||All actions||Rarely, to reveal Active Key||Keep it stored securely at all times|
|Signing Key||Generated||Signing blocks||Always, by default||This key is only used by witnesses|
0. Do I need to know this? Yes.
1. Key won’t work: Ensure no blank spaces are in front or behind the first and last digits of the key.
2. Forgot password: Backup in multiple locations, including offline. The Steem account is your Steem wallet. Treat it like any wallet and keep it safe.
3. Memos encrypted: Log in with memo key or active key and the memo will be revealed.
4. What’s WIF? WIF stands for Wallet Import Format and is the protocol behind encoding the different keys. It can refer to any encrypted key.