Being Mindful of Your Wallet Transfers and Keeping Your Steemit Account Secure

Just as you would be extremely careful when it comes to your own bank account passwords and transfers, you should also take the same precautions when it comes to your Steemit account.

Wallet Transfers

How to make a Wallet Transfer

• Go to the main top bar and click on "Wallet"
• If you want to send Steem, go to "STEEM" and click the down arrow, then choose "Transfer"
• If you want to send SBD, go to "STEEM DOLLARS" and click the down arrow, then choose "Transfer"

You will then see the following screen.

Be careful of where you are sending your Steem/SBD, double check the spelling of who you are sending it to, and be sure to also double check how much you are sending!

The Minnow Support Project and indivdual users who happen to be whales are not bid bots!

The Minnow Support Project constantly receives messages from users saying that they sent money to MSP by mistake because they thought MSP was a bid bot.
I have also seen users send money to other individual users (whales) because they think they are bid bots.

Please do research before sending any SBD or Steem to anyone.

If you want to use a bid bot, you should use this website:
https://steembottracker.com/

It not only gives an up to date list of most bid bots, it can also help you make the best choice as to which bid bot to use and when.

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Password Safety

Your Main Password is for account recovery purposes.
Do not lose it!!!
However, for safety reasons, it is not a good idea to store your Main Password on your computer.

Here are the steps you should take to ensure your Password saftey:

• Make a text file containing your passwords

• Convert it to a password protected zip file

• Save that zip file to a thumb drive

• Print all of your passwords:
  Private Posting Key
  Private Active Key
  Private Memo Key
  Master Password

• Keep your printed copy and the thumb drive in a fire proof safe

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Review of the difference between Private Active Keys and Private Posting Keys:

• Private Active Key:
  Allows users to make wallet transactions

• Private Posting Key:
  Allows users to post on Steemit

If you regularly use your Master Password when logging in, you are risking the safety of your account.

You should only use your Private Posting Key when logging in to Steemit, or your Private Active Key if necessary, but you should not use your Main Password.
If your Private Posting Key ever happens to be stolen, the person who stole it will not have access to your wallet so your wallet and money will still be safe.

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Third Party Apps

NEVER sign into a third party app with your Master Password.

Some third party apps that deal with financial transactions will ask for Private Active Keys.
Always do due diligence to ensure the app is safe.

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Web Browsers

Never save your passwords in your web browser.
Some web browsers ask if you would like to save your password.
Always say no.

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Minnow University is brought to you by witness Hive account@swelker101 with support from Hive account@isaria and Hive account@kubbyelizabeth to help new Steemit users understand the concepts and basics of Steemit and other STEEM blockchain platforms. We have working relationships with MSP at PALnet and The Writer's Block to help educate minnows on how to grow their accounts without resorting to spam or practices that may stunt their ability to flourish on the platform. Please join us at our discord server.