Topic: Basic common sense for new people / offline wallets (Read 274 times)
Another way to significantly reduce the risk is to dump Windows and use GNU / Linux instead
I know there are probably hundreds of threads on this subject, here is one more.
Somebody messaged me about a coin and mentioned that they have a significant amount of a coin in a wallet that is online so I'm just making a generic post to explain the problem a little and maybe somebody else who understands better will improve or link to a better post on the subject.
-----
When you put coins in a wallet, and that wallet is on a computer that is connected to the internet, you have a very high chance of losing those coins eventually. It may take a week, a month, a year, ten years, but eventually the coins will be gone.
Hackers are getting more and more slick with coins and crypto is probably the most attractive new target to hackers online.
-----
The best solution, which does not even protect you 100%, is to have a dedicated offline computer, a computer that never touches the internet, and create wallets on it.
When the wallet has never touched the internet the chances of a hacker getting to it are slim, but still not zero.
Why is there still risk, even if you create a wallet offline? Among other things, there are downloaded wallets that are dirty. Your browser could be redirected to download a wallet that was modified in such a way that any addresses it creates are compromised.
-----
There are so many people who have had coins hacked, many of them knowledgeable people, that if you are a new person just getting into crypto you can probably expect to get hacked before too long.
https://www.bitcoinarmory.com/tutorials/armory-advanced-features/offline-wallets/
https://en.bitcoin.it/wiki/Cold_storage
-----
Online wallets and exchanges get hacked very frequently too.
https://www.reddit.com/r/Bitcoin/comments/4opoy3/coinbase_and_gmail_accounts_hacked_from/
https://bitcointalksearch.org/topic/blockchain-wallet-hacked-and-all-fund-has-been-taken-out-1516588
https://www.reddit.com/r/Bitcoin/comments/3ibh95/coins_stolen_from_mycelium_wallet_how_do_you/
https://www.reddit.com/r/BitcoinMarkets/comments/3e85rc/my_bitfinex_account_was_hacked_and_all_my_money/
https://talk.paxful.com/t/bitcoins-disappeared-to-an-unknown-bitcoin-address/1674
https://bitcointalksearch.org/topic/multiple-bittrex-accounts-hacked-everyone-enable-2fa-1423584
https://bitcointalksearch.org/topic/blockchain-wallet-hacked-and-bitcoins-stolen-951151
https://bitcointalksearch.org/topic/6373-btc-hacked-blockchaininfo-secured-by-2fa-starting-security-podcast-875805
https://www.reddit.com/r/Bitcoin/comments/42tp55/coinbase_with_2fa_and_emailsms_alerts_hacked/
and on and on
Somebody messaged me about a coin and mentioned that they have a significant amount of a coin in a wallet that is online so I'm just making a generic post to explain the problem a little and maybe somebody else who understands better will improve or link to a better post on the subject.
-----
When you put coins in a wallet, and that wallet is on a computer that is connected to the internet, you have a very high chance of losing those coins eventually. It may take a week, a month, a year, ten years, but eventually the coins will be gone.
Hackers are getting more and more slick with coins and crypto is probably the most attractive new target to hackers online.
-----
The best solution, which does not even protect you 100%, is to have a dedicated offline computer, a computer that never touches the internet, and create wallets on it.
When the wallet has never touched the internet the chances of a hacker getting to it are slim, but still not zero.
Why is there still risk, even if you create a wallet offline? Among other things, there are downloaded wallets that are dirty. Your browser could be redirected to download a wallet that was modified in such a way that any addresses it creates are compromised.
-----
There are so many people who have had coins hacked, many of them knowledgeable people, that if you are a new person just getting into crypto you can probably expect to get hacked before too long.
https://www.bitcoinarmory.com/tutorials/armory-advanced-features/offline-wallets/
https://en.bitcoin.it/wiki/Cold_storage
-----
Online wallets and exchanges get hacked very frequently too.
https://www.reddit.com/r/Bitcoin/comments/4opoy3/coinbase_and_gmail_accounts_hacked_from/
https://bitcointalksearch.org/topic/blockchain-wallet-hacked-and-all-fund-has-been-taken-out-1516588
https://www.reddit.com/r/Bitcoin/comments/3ibh95/coins_stolen_from_mycelium_wallet_how_do_you/
https://www.reddit.com/r/BitcoinMarkets/comments/3e85rc/my_bitfinex_account_was_hacked_and_all_my_money/
https://talk.paxful.com/t/bitcoins-disappeared-to-an-unknown-bitcoin-address/1674
https://bitcointalksearch.org/topic/multiple-bittrex-accounts-hacked-everyone-enable-2fa-1423584
https://bitcointalksearch.org/topic/blockchain-wallet-hacked-and-bitcoins-stolen-951151
https://bitcointalksearch.org/topic/6373-btc-hacked-blockchaininfo-secured-by-2fa-starting-security-podcast-875805
https://www.reddit.com/r/Bitcoin/comments/42tp55/coinbase_with_2fa_and_emailsms_alerts_hacked/
and on and on
Jump to: