Do you keep your coins physically secure? - page 12.

0t3p0t

sr. member

Activity: 1736

Merit: 357

Peace be with you!

Quote from: Tides_Network on July 24, 2018, 10:51:30 PM

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

My device is not that secure but I have no choice of putting all my funds in here because I don't have hardware wallets. I even store my private keys but now I already transfered all of them into a piece of paper and write it manually for security purposes. I am actually planning to buy hardware wallets but for now I have to earn more so that I can afford to buy one in the near future.

Vineeta2oct

newbie

Activity: 210

Merit: 0

Well, my portfolio is not very big and hardware wallets are kind of expensive, so I can't afford them but I don't leave my coins and tokens on any exchange. I use web wallets and desktop wallets and keep their private keys encrypted and safe.

Buzhou

member

Activity: 199

Merit: 10

In my opinion it depends a lot on the coin and the quantity because sometimes you will have efforts to ensure your safety, of course this is important, but sometimes you could make your life easier.

lexkiee28

full member

Activity: 368

Merit: 101

Before my coins are unsecured because the hacker stole my coins and now I decide to use a ledger wallet to secured my coins myetherwallet got hacked don't use a private key because the hacker will copy and withdraw your coins.

deppil

hero member

Activity: 1008

Merit: 501

Quote from: royaljack200 on August 02, 2018, 11:38:14 PM

I make sure I lock my devices if I ever leave it's sight. I don't like leaving all my coins in one wallet, exchange or paper wallet. I like to keep them in different places in case one of them gets jeopardize. I do have a hardware wallet that I use for my main wallet and that doesn't ever leave my side. I always make sure I have my belongings with me everytime I go somewhere.

Storing bitcoin in many wallets will also minimize risk, and make sure you have a different password in each account to make it more
secure, I myself use that method, and add 2fa to each account, the result is I've never been stolen

pinot95

jr. member

Activity: 70

Merit: 1

Quote from: Tides_Network on July 24, 2018, 10:51:30 PM

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

I am keeping all my important things including my wallets, bags, laptops and also my digital assets. Leaving in public is a big no to me because I cannot afford to lose my important belongings. We cannot trust everybody specially in public places. The only one to be blame if that incident will happen is the owner itself for not taking care of his/her things. Better to be safe than sorry.

Banulit

full member

Activity: 674

Merit: 100

Yes i think my coins are secured i cannot use a private key because i have an experience hack my coins so now i use a jason file and the password i will save in my mind only now i assure my coins will secured.

barsharkol12

newbie

Activity: 197

Merit: 0

of course. i always make my wallet secure. we are talking here money it not good for you if youre wallet got hacked and a the coins got stole from its just a like a baby who is crying after the food got stole by an animal like dogs. you must secure you wallet so that you can make sure that it is safe all the time.

Tduty

member

Activity: 448

Merit: 21

Yes, I do. Because I bought a hardware wallet, I don't believe any kind of online wallets anymore. Because we saw many times that myetherwallet got hacked. So, I think my coins are physically secure.

Ilegendph

full member

Activity: 434

Merit: 103

Thinking on the higher plane of existence.

Quote from: jossiel on July 24, 2018, 10:56:14 PM

I have considered these factors before. If you are using the device that contains your wallet / storage, don't ever put your private keys/seeds there.

My remedy on this one is back up and 2FA (if needed) but back up for me is enough.

And also be responsible wherever you go, it's your money that you are securing if you go in public places not others.

I got a major problem in 2FA specially if you are using your own mobile number. If the phone you are using is lost specially that number of sim card used in the registration then your totally doomed just like me before. So I suggest that if using 2FA make sure that you are using your email because you can access it anywhere unlike the above mentioned.

ntodntodan69

newbie

Activity: 294

Merit: 0

Quote from: vit05 on July 24, 2018, 11:02:57 PM

Bitcoin does not exist. You can not save it anywhere, it's in blockchain. That is distributed and decentralized. Having a hardware wallet does not mean that you have it there. It means your blockchain access key is there. But no computer that I use for routine activities has any access to my wallet or the exchanges. I make everything from a computer unique to these activities. And my seeds are very well kept in different places from where I live.

Ok sir, I really agree with your expression, physically there is no coin, so we can only secure it through the computer we have using very good security, so that no one will steal it.

axcel0408

newbie

Activity: 10

Merit: 0

Yes of course I can keep my coins physically secure. To secure my coins I use my hardware wallet because it has strong protection. It will also reduce the possibility of hacking.So its sure by using my wallet I can keep my coins physically secure. It is very important to secure my coins. If I don't I will loose a lot of coins.That's why I need to keep physically secure my coins.

worldsuccess01

newbie

Activity: 119

Merit: 0

Yes of course If I had a chance can earned tokens I will kept it very safety that my coins physically secured I put it into my own private wallet so that the hackers can not stolen my coins.Many hackers is searching only a private coins where it be put in the system.

loragean03

full member

Activity: 403

Merit: 100

Of course yes, i am not storing my coins in just a single wallets, example when im at work, my gadgets stored only a few amount of crypto to be use in a part time trading, aside from that i also have laptop that carries my crypto wallet info, but its encrypted by code from notepad to system file to be more secure even if i lost my laptop. The only one who carries my huge amount of crypto is my hardware wallet which is secure at my home.

Cotton Candy

full member

Activity: 392

Merit: 100

Quote from: Tides_Network on July 24, 2018, 10:51:30 PM

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

Of course we all have trust issues so for me to feel much secure I bought an offline wallet and store all my cryptocurrency in that thing because a lot of things are happening into the internet world so in order to be secured into those hackers I put it into a hardware. But of course I have some few in my online wallet for sure.

adjong

member

Activity: 322

Merit: 10

for my safe wallet is my coin and I only know it with it. I also keep my key to not steal or know others because nowadays many of the coins are interested in those who do not just want them They steal the money from others. So I'm saying that my wallet did not steal so tokens would not be lost.

Tides_Network

jr. member

Activity: 61

Merit: 1

Quote from: royaljack200 on August 02, 2018, 11:38:14 PM

I make sure I lock my devices if I ever leave it's sight. I don't like leaving all my coins in one wallet, exchange or paper wallet. I like to keep them in different places in case one of them gets jeopardize. I do have a hardware wallet that I use for my main wallet and that doesn't ever leave my side. I always make sure I have my belongings with me everytime I go somewhere.

You've got a great strategy to keep your coins safe, the only thing I worry is keeping your main wallet with you at all times. I dont know if that's the best idea.

royaljack200

newbie

Activity: 58

Merit: 0

I make sure I lock my devices if I ever leave it's sight. I don't like leaving all my coins in one wallet, exchange or paper wallet. I like to keep them in different places in case one of them gets jeopardize. I do have a hardware wallet that I use for my main wallet and that doesn't ever leave my side. I always make sure I have my belongings with me everytime I go somewhere.

tsinelas

full member

Activity: 252

Merit: 100

Quote from: Remainder on July 25, 2018, 12:17:27 AM

We keep our coins in our own ways that we know it that it is in a very secured place and we are also responsible for it if whatever possible to happen, just don't put all your egg in one basket because anything is possible to happen in digital world.

That was a great tip. I'll try this. For me to secure it physically, I sell my tokens and convert it to fiat money then save into my bank account then the bank has the responsibility to take care of my money and me to secure my account.

Sponsoredby15

sr. member

Activity: 644

Merit: 250

Quote from: Tides_Network on July 24, 2018, 10:51:30 PM

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

I don't keep my Bitcoin in a device where I use it to go mobile. I keep it in a secure place and I only use it online if I deposit or withdraw a large amount of cryptocurrency. I use hardware wallet like Ledger Nano to keep my Bitcoin more safely. I use online wallet only for small transactions.

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