Access on Bitcoin | Bitcointalksearch.org

bhabygrim

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Quote from: SUMBI99 on March 24, 2020, 02:05:49 PM

I never lost access on my Bitcoin and Altcoins wallets And the following is what I do when join or need to use new wallet which didn't use it before, many of wallets have some guide on how you can use their services and state that they do not own keys only you own, so I read it carefully then following procedures to open wallet, while think of more than one areas/places which I see are safe to store my keys/mnemonic phrase that I only access those areas/places so I store those keys to multiple places which are arranged. this helps if I forgot one place of storage I go to another area. I believe It not easy if you store in three or more different places to forgot all those places that why I never lost access on my Bitcoin and Altcoin wallets

Those guides are really helpful the only problem is the lazy people who wouldn't read it and complains when they lose or got hacked because of their lazyness.
And it is really a good idea to back up our keys in order to secure it.
I have experienced it before my USB flash drive got lost with my keys on it luckily I have some back ups on my computer.

bangdik123

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Activity: 114

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Quote from: ?? on ??

Wallets that have key phrase are the ones I like. Writing down my phrase is the best thing for me to do to save my code. So I carefully write it down in a safe place because I know how important it is to access my hodlings . I don't like wallet that stores my phrase in google.

It should be like that, if it is still secured in the form of an internet document, it is still very vulnerable to being hacked, because not a few have experienced this. We recommend that the phrases that we get really have to be in a safe place or can use ledger software, I think it will be safer.

Akiko

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Quote from: The Cryptovator on March 25, 2020, 03:06:40 AM

I am wondering what is the exact point of view to create this topic. Are you sharing your story or are you suggesting to do same as like you have done? I believe most of crypto users know that processors how to save their crypto or wallet key. So many threads about it especially on Beginners & Help board. Before write somethings learn to use search button, so you will get appropriate topics if exist.

he is giving suggestions before using a wallet its for newbie base on what he say there are many wallet available now in google play and other application . They just give ideas what wallet should be use by newbies.

And honestly he want to earn merit having this topics

.

The Cryptovator

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I am wondering what is the exact point of view to create this topic. Are you sharing your story or are you suggesting to do same as like you have done? I believe most of crypto users know that processors how to save their crypto or wallet key. So many threads about it especially on Beginners & Help board. Before write somethings learn to use search button, so you will get appropriate topics if exist.

pawanjain

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Nothing lasts forever

Quote from: SUMBI99 on March 24, 2020, 02:05:49 PM

I never lost access on my Bitcoin and Altcoins wallets And the following is what I do when join or need to use new wallet which didn't use it before, many of wallets have some guide on how you can use their services and state that they do not own keys only you own, so I read it carefully then following procedures to open wallet, while think of more than one areas/places which I see are safe to store my keys/mnemonic phrase that I only access those areas/places so I store those keys to multiple places which are arranged. this helps if I forgot one place of storage I go to another area. I believe It not easy if you store in three or more different places to forgot all those places that why I never lost access on my Bitcoin and Altcoin wallets

Your private key should be safely kept at a secure place for which only you have the access. Also, you should never keep the private keeps in notepads or word files since they are easy to be fetched. Instead you should keep it encrypted or password protected. I normally use archives and make it password protected so that I can easily use it whenever I want. Backing up the private key is a good idea but limit it to just 1 or 2 backups because the higher number of backups is equal to higher chances of it being hacked.

Kupid002

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Quote from: noorman0 on March 24, 2020, 10:54:09 PM

This isn't recommended at all. You're expanding your storage space and placing a private key everywhere just to reduce the risk of losing your private key by your own carelessness but inadvertently expanding other people's opportunities to steal it from you. Have you ever thought when one day you access your wallet and find that your assets have run out without you knowing?

I don't think keeping a private key in one place (which you think is the safest) won't make you forget it because that's what most people remember.

Having multiple backup keys is much more secured. It cannot steal to you if you know where did you secured your backups and no one other than you should know where it is .

It will only be a problem if you are not so careful to where you will stored it.

noorman0

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This isn't recommended at all. You're expanding your storage space and placing a private key everywhere just to reduce the risk of losing your private key by your own carelessness but inadvertently expanding other people's opportunities to steal it from you. Have you ever thought when one day you access your wallet and find that your assets have run out without you knowing?

I don't think keeping a private key in one place (which you think is the safest) won't make you forget it because that's what most people remember.

Charles-Tim

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Some wallets can be safe but having a backup makes it safer. There are many wallets now with hierarchical deterministic recovery seed phrase. The private key and seed phrase are very important because if gotten hold by another person like hackers, it could be accessed by the persom and can lead to coin loss or stolen wallet.
What to come to your mind is not only about how to 'not lose your wallet' by back up alone but also protecting it from theft is also another issue because it can also lead to loss of wallet. So, after you back up your wallet access codes you still need to protect it with 2 and 3 factor authenticators and also some other protections like a pin and passphrase.
To cut the story short, there is a thread that very helpful which you will like about protecting wallets. But it is hardware wallets specifically. This will be helpful as you can also apply some or almost all of the protection to online wallets.
https://bitcointalksearch.org/topic/m.53990969

SUMBI99

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I never lost access on my Bitcoin and Altcoins wallets And the following is what I do when join or need to use new wallet which didn't use it before, many of wallets have some guide on how you can use their services and state that they do not own keys only you own, so I read it carefully then following procedures to open wallet, while think of more than one areas/places which I see are safe to store my keys/mnemonic phrase that I only access those areas/places so I store those keys to multiple places which are arranged. this helps if I forgot one place of storage I go to another area. I believe It not easy if you store in three or more different places to forgot all those places that why I never lost access on my Bitcoin and Altcoin wallets

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