To be Truthful We should not only need to know about Online Crypto Wallets.Beside it We should know from the root of Crypto Wallets.
Basically Crypto Wallets are 2 types.One is Hot Wallet and Another is Cold Wallet.
In this list all are hot wallet which is very risky to use because scammers can hack through internet connectivity but Cold Wallets have more security.
To know with Fully Described You guys can check this Article where you will find full details with example about hot and cold Wallet for Crypto and there differences too.
https://articles.whalesheaven.com/whats-the-difference-between-a-hot-cold-wallet-when-to-use-each
Topic: Crypto wallets keep you safe (Read 378 times)
The important thing you must remember is to be very carefull at all times in making transactions in public using your bitcoin wallet or other cryptocurrency wallet because people who will do no good is always around. And also keep always your password, your seed phrase or just memorized it so no one will nkow about it except only you. Be aware in your surroundings there are a lot of people out there surely going to take a risk and do bad just to have money.
Is it another newbie alt-account advertising these two malicious closed source wallets?
Of course it is. Orwn (intentionally spelt wrong) is all over the place in his latest posts. Although I would never vote for any kind of general restrictions towards newbies and low-ranked members, I would be the first to limit (if I could) people like sujon5 and 415jeremy, whose only agenda is to advertise those two brands, from posting in certain sub-boards on the forum.Technically, I don't think they are breaking any rules.
Rule #24 says: Advertisements (including signatures within the post area) in posts aren't allowed unless the post is in a thread you started and is really substantial and useful.
I wonder if such posts can be reported and be deleted based on that rule? All they do is advertise their wallet in threads started by other users. But will the admins agree that those kind of posts are useless or not?
That's true. I use both mobile wallets like Lumi and Ownr for everyday usage and a hardware wallet for storing huge amounts of crypto.
Is it another newbie alt-account advertising these two malicious closed source wallets? The more these two are advertised by these throw away accounts the more confident I am that they are trying to scam people. Refer to my previous reply:
It's also important to store crypto on non-custodial wallets like Ownr or Lumi.
It is stupid to store anything in closed source wallets since you have no idea what is happening in the background. The best case scenario is that they aren't malicious and you lose your funds due to a bug and worst case scenario is that they are malicious and not only they are monitoring everything you do but also they have all your private keys.Ownr is completely closed source
Lumi has some libraries on Github but not a proper source code and it is not popular at all
You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible rubbery. When you have your money in various wallets you can not be rubbed unless you are careless over it.
Sometime its not careless. Some scammers make you believe that some people got scammed That is why we need to make high and unique password key to maintain secured our wallet
That depends on what you consider to be a "password key"!? A password that encrypts your wallet file or a passphrase as an extension or 25th word of a seed. Although both are important, but forgetting the password of your software wont result in you losing your coins as long as you have access to your recovery seed. Forgetting your passphrase will cause you to lose all funds protected by said passphrase (unless you can bruteforce it) even if you have the seed.
That is why we need to make high and unique password key to maintain secured our wallet cause we do not know the next things will happen and other people sorround us if they will think about something wrong not to point them but just to be wise and used to protect ourselves also.
@pooya87
Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.
Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.
I didn't realize that. It seems like shilling of all types is getting worse on bitcointalk these days, we still have to reply and write a comment to warn newcomers who may read such malicious posts so that they don't fall for it. Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.
Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.
@pooya87
Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.
Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.
Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.
Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.
It's also important to store crypto on non-custodial wallets like Ownr or Lumi.
It is stupid to store anything in closed source wallets since you have no idea what is happening in the background. The best case scenario is that they aren't malicious and you lose your funds due to a bug and worst case scenario is that they are malicious and not only they are monitoring everything you do but also they have all your private keys.Ownr is completely closed source
Lumi has some libraries on Github but not a proper source code and it is not popular at all
You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible rubbery. When you have your money in various wallets you can not be rubbed unless you are careless over it.
If you do not know what you are doing, dividing your coins into several parts will increase the fees that you will pay in the future, and you will not get any additional advantage.The point of protecting your privacy starts from managing a full node and ending not using traditional block explorers.
But the most important question is why do you want to hide your identity? The answer to this question will determine the most efficient way to enhance your privacy.
I know but most times it is the exchange platforms that are been hacked not a renowned wallet for saving bitcoin and other crypto that is hacked
Hacking crypto exchanges is always a realistic option, but most reputable exchanges keep most coins in cold wallets, which means that they are only slightly vulnerable to hacking (hot wallets). The biggest danger, however, is that the user becomes a victim of phishing (log to fake site) and thus becomes hacked.
Any non-custodial wallet (mobile/desktop or even hardware wallet) should be more secure than any online solution - but if you store the backup in a bad way (email, unprotected document on a personal computer, etc.) it's only a matter of time before something bad happens. Of course fake wallets are another added threat, all those who used Electrum a couple of years ago know how easy it is to lose everything if you don’t verify the wallet file before installation.
Hackers are robbers here. If someone doesn’t take enough necessary steps to secure their wallet, or if someone is so naive to understand hackers small trick, they are likely to get hacked easily.
I know but most times it is the exchange platforms that are been hacked not a renowned wallet for saving bitcoin and other crypto that is hacked
-snip- A hardware wallet is secure enough for any newbie
Compared to paper wallet, hardware wallet should be a general recommendation for any newbie here. Apart from that there are some other good wallet that can also be recommended to them such as electrum, bitcoin core and a few others to educate that exchange are not a safe place to store bitcoin invested in the long term. Although I don't have a hardware wallet at the moment, I would recommend it to anyone who wants to have a good security experience for storing their bitcoin. You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible rubbery. When you have your money in various wallets you can not be rubbed unless you are careless over it.
Sometime its not careless. Some scammers make you believe that some people got scammed 
You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible rubbery. When you have your money in various wallets you can not be rubbed unless you are careless over it.
Investing wisely will help you solve your financial problems, but you must develop your investment strategy before starting.Investing in bitcoin now is an investment for a period of 5-10 years.
It is not worth investing money that was borrowed
You shouldn't try to solve your current financial problems with speculation.
A hardware wallet is secure enough for any newbie
So true but most times people just master there password and other security questions that are attached yo their wallet, then they delete their wallet from their phone and download it back only when they want to do a transaction and still delete it afterwards
Since you're talking about passwords and security questions, you're probably referring to centralized wallets. Huge huge no.
https://NotYourKeys.org/
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Hackers are robbers here. If someone doesn’t take enough necessary steps to secure their wallet, or if someone is so naive to understand hackers small trick, they are likely to get hacked easily.
So true but most times people just master there password and other security questions that are attached yo their wallet, then they delete their wallet from their phone and download it back only when they want to do a transaction and still delete it afterwards
To recover back your wallet, you need the seed phrase, and passphrase if included. That will be one of the simple ways to easily lose the seed phrase and any other thing related to how you can access your wallet by easily forgetting it. Memorizing such will lead to wallet lost because the brain is not 100% perfect, it is not surprising to forget what you have thought to have known for months.
The best is to do offline backup of the seed phrase or other thing related to your wallet recovery, having two other copies and should be stored separately in different locations.
There is still risk that comes with holding crypto, with a $5 wrench, someone can force another who holds bitcoins, to send them to their wallet addresses. There's also the digital risk that comes with going cashless as you are potentially exposed to hackers and scammers.
With Bitcoin you're your own bank and the security of your funds depends solely on you;
• Never reveal your holdings,
• Do not go around with your wallet hardware device,
• Use only non custodian wallets...
With Bitcoin you're your own bank and the security of your funds depends solely on you;
• Never reveal your holdings,
• Do not go around with your wallet hardware device,
• Use only non custodian wallets...
So true but most times people just master there password and other security questions that are attached yo their wallet, then they delete their wallet from their phone and download it back only when they want to do a transaction and still delete it afterwards
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