From signing transactions to token association and native staking. There are many Hedera account functions that require a transaction to be signed with a private key.
Key Takeaway: Hedera account functions like sending tokens, staking to a node or token association require a transaction to be signed. Unlike some other Hedera Wallet providers which make signing transactions easier by storing your private key, Yamgo NEVER stores your private key. This means you will need to manually sign a transaction.
Signing a transaction can be done by either manually entering your private key into the Yamgo app or by using our offline signing tool for added security.
Yamgo can never see your private keys or access your Hedera account.
Your Keys. Your Crypto.
There are many different wallet apps available on Hedera with different approaches around Key security. Yamgo operates a "Self-Custody" approach to key security. This means we can never see, access or store your private key and mnemonic phrase.
When you sign-up with Yamgo and create your Hedera account your Private key and mnemonic are securely generated on your device. Yamgo never has access to your Hedera account, we can only send rewards to you.
Many Hedera Hashgraph account functions require a transaction to be signed by a private key in order to confirm that you are the owner of said account. This protects you from people being able to access your HBAR or from changing your account settings like the node you are staked to or the tokens and NFTs assigned to your account.
The primary focus of Yamgo is security and choice. With Yamgo, your Keys and Hedera account are entirely yours and are never stored anywhere. Yamgo gives you the the choice to trust our service, you can add extra security by using offline signing tools whenever you use Yamgo or you can even restore your Hedera account in several other Hedera wallet.