Desktop wallet has no security at all?

Velkro

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Quote from: wsxdrfv on February 18, 2018, 05:05:50 PM

If some coin (include bitcoin) provide only (presume) desktop wallet, then anybody can use that computer's wallet's coin?

Just run that wallet program.

Because there is no login process at that desktop wallet.

And owner also doesn't know his secret key?

You can setup password for wallet. It will encrypt your wallet with this password, without it noone else would be able to use it.
Owner always should know his private key. Its there, in wallet, you just need to export it depends on wallet u use.

jseverson

hero member

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Quote from: sasumo on February 20, 2018, 10:34:42 AM

I think the desktop wallet is safer than the web.

It definitely is. Even the most recent Electrum vulnerability, which is one of the most popular desktop wallets out there, didn't result in any confirmed losses. Hardware wallets are safer for sure, but for as long as you can keep your computer clean and protected, a desktop wallet should be secure enough (for average users anyway).

That being said, if you're running a desktop wallet, I'd recommend a Linux distro. Windows is targeted much more often thanks to its market share, so you're much less likely to run into anything dangerous randomly if you're using Linux.

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Your wallet activities can be tracked and stored at the provider level

You can opt for an open source one, so you could check the code yourself to make sure it's not doing anything shady.

AdolfinWolf

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Quote from: KuyaBreezy on February 18, 2018, 11:42:51 PM

desktop wallet is not completely encrypted by default,its therefore upon you to protect yourself from exposure to ransomware violations. Your wallet activities can be tracked and stored at the provider level, this information then be used to by hackers.Every icon on your wallet will be broken and replaced by a generic that you will not be able to control, and just like that, all your money will be gone.

it takes skill and personal responsibility to secure your digital money its upto yo to keep them safe or else you wil be ripped and off they go.

Not sure what wallet you're using, but Electrum etc all recommend you to add a password on each individual wallet.

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Your wallet activities can be tracked and stored at the provider level

Explain, how does this come in the hands of hackers/people who distribute ransomware? Also just using a VPN will prevent them from seeing what data you entered where.

sasumo

newbie

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I think the desktop wallet is safer than the web. Where you do not look much and you can put more security on your wallet. But if you lose the backup file of the wallet you can not get back. Get your own property on Desktop wallet.

KuyaBreezy

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ONe Social Network.

desktop wallet is not completely encrypted by default,its therefore upon you to protect yourself from exposure to ransomware violations. Your wallet activities can be tracked and stored at the provider level, this information then be used to by hackers.Every icon on your wallet will be broken and replaced by a generic that you will not be able to control, and just like that, all your money will be gone.

it takes skill and personal responsibility to secure your digital money its upto yo to keep them safe or else you wil be ripped and off they go.

ranochigo

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Crypto Swap Exchange

Quote from: cannycassiopeia on February 18, 2018, 09:11:27 PM

Top security practices dictate you encrypt your Bitcoin wallet with a strong password because your machine can be hacked and remotely accessed, giving the hacker the ability to download your wallet file (wallet.dat). But if it's encrypted, they have no way to open it.

The fact that you need to input your password everytime you spend btc is the security feature itself.

Passwords only protect against physical attacks against your machine. They are completely useless against RATs or any other malware for that matter. If they can access your computer, they can install a malware to capture your password. The attacker would get your password the next time you unencrypt your wallet.

cannycassiopeia

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Top security practices dictate you encrypt your Bitcoin wallet with a strong password because your machine can be hacked and remotely accessed, giving the hacker the ability to download your wallet file (wallet.dat). But if it's encrypted, they have no way to open it.

The fact that you need to input your password everytime you spend btc is the security feature itself.

If you don't encrypt your wallet, you're making it easy for hackers to steal your bitcoins.

DannyHamilton

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Quote from: wsxdrfv on February 18, 2018, 05:05:50 PM

If some coin (include bitcoin) provide only (presume) desktop wallet, then anybody can use that computer's wallet's coin?

No.

Quote from: wsxdrfv on February 18, 2018, 05:05:50 PM

Just run that wallet program.

Which will allow you to SEE the coins, but not SPEND them.

Quote from: wsxdrfv on February 18, 2018, 05:05:50 PM

Because there is no login process at that desktop wallet.

My desktop computer requires me to log in. If you don't have a password on your computer, then that is YOUR FAULT.

Then, my wallet program is protected with a different password. If you did not set a password on your wallet program, then that is also YOUR FAULT.

Quote from: wsxdrfv on February 18, 2018, 05:05:50 PM

And owner also doesn't know his secret key?

No. As long as you create a backup of your wallet, there is no need to know your secret keys.

wsxdrfv

jr. member

Activity: 413

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If some coin (include bitcoin) provide only (presume) desktop wallet, then anybody can use that computer's wallet's coin?

Just run that wallet program.

Because there is no login process at that desktop wallet.

And owner also doesn't know his secret key?

Topic: Desktop wallet has no security at all? (Read 211 times)