We won't get into depth on how this is done in this article. All you need to know is that, while it's easy to generate a public address with the private key, doing the reverse is impossible today. That's why you can safely list your public address on blogs, social media, etc. No one can spend the funds sent to it without the corresponding private key.
You should note that wallets today rarely have just one private key – they're hierarchical deterministic wallets, meaning they can hold billions of different keys. All you need to know is a 3. If you decide to store your phrase physically, think about the material you'll use and where you'll keep it.
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Not permitting my parents to join and trade on your platform is a really shitty thing to do. You compliance team need an uppercut.
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