Do you keep your coins physically secure? - page 14.

zmkriel

full member

Activity: 406

Merit: 105

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?

Sad to say that i live in a country where we cannot live things even an umbrella in a place and not unattended by a person we know or company with. So i don’t think we’ll be able to leave our laptop and just go to the comfort room. That’s how careful we are with our valuable stuffs.

jpnl0005

jr. member

Activity: 448

Merit: 1

First to ensure my coin is safe i keep my private key safe then i split my coins in my wallet and exchange but most times i have my coins in exchange is because i want to make a transaction thanks.

jetjet

newbie

Activity: 154

Merit: 0

I just leave my coin to the exchanges. having 2fa authentication is enough to secure your account from hackers and unwanted used. I just leave it to exchanges for me to easily trade my holdings if ever price goes up. I am confident with exchanges wallet so no need to worry.

jpnl0004

newbie

Activity: 198

Merit: 0

Physically i keep my coins secured i do keep safe in my wallet not just wallet and also in the exchange for easier transaction to made so and also my private key is well hidden and with this i feel secured

dgreat

jr. member

Activity: 70

Merit: 1

My private key is known to me alone. But even at then, I still lock my system to avoid the unforseen event or occurrence because these hackers can be very funny sometimes.

teamspike911

newbie

Activity: 131

Merit: 0

No ... I somehow think it's better just to not tell anyone about your money)
Then no one and steal will not ... the more so that to hide the flash drive with the data is much easier than a bunch of money

pltgksl

newbie

Activity: 126

Merit: 0

Security is the most important issue in the cryptocurrency world and also it is very diffucult because there are many negative aspect of secure

Will.Smith

full member

Activity: 415

Merit: 103

"Revolutionising Marketing and Loyalty"

It highly depends on how much money you have on the exchange/wallet. It it's neccessary to store long term and amount is big enough for you then it's better to store it in ledger inside bank cell. But if you need some amount of your crypto portfolio for daily trade or you using it regularly for something then it's ok to use something less safe but more convenient.

Baimovic

full member

Activity: 1210

Merit: 100

I think, after some exchange hacked by a hacker, today we still see few people who keep their assets in the wallet exchange.

people should not store their assets after the event of the collapse of MTGOX due to market manipulation.
and of course, security is the most important thing, physical security, value security, and others.

so, I prefer to use hard wallets to save large amounts of assets.

memecoin

member

Activity: 308

Merit: 10

★YoBit.Net★ 1400+ Coins Exchange

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?

Hold tokens on large exchanges is also a safe place. I often hold my token on Bittrex and Binance exchanges, and I have never been hacked token on these exchanges. But using cold wallets is still the safest place to hold the coin

jozymens7

member

Activity: 392

Merit: 10

CurioInvest [IEO Live]

Yeah sure. I know that in this world not even my girlfriend will I trust so much that I wont keep my wallets safe from her. I try my best to keep it physically safe and secured from all forms of thefts and attacks.

Nahid Alom

newbie

Activity: 58

Merit: 0

yes sure because many apps are risky so if you secure your mobile and laptops that there are very little chance of your hardware wallet getting robbed unless you give it away to someone willingly. always need to be safe.

samiul12

newbie

Activity: 91

Merit: 0

Yes I think so. Now a days it is very difficult to secure my bitcoin but after a long term of hard work I can not easily want to lose my goal by risking its safety. So every time I double check that my device is safe and I use different device to keep it. It is a nice way and a better one.

42K

member

Activity: 364

Merit: 10

Erotic Industry on the Blockchain! RachelX

I really know how I have struggled hard to get this coins in my wallet so keeping it secured is my number one priority. Anyone who knows you can simply check your account and onetime drain all you have so physically I make sure that I keep it safe.

Main ML

newbie

Activity: 66

Merit: 0

Yeah your correct people keeping their own device is riky, in my experience i lost my coins keeping in my device because i really trust it's is secured,but i'm sad to say isn't because i can't expect the system lost of my computer and all my privatekeys are in my computer sad to can't get my coins into my wallet.

ImpulseGhost

newbie

Activity: 35

Merit: 0

There are so many apps, 2FA, locking system available to secure your mobile and laptops that there are very little chance of your hardware wallet getting robbed unless you give it away to someone willingly. If you need more security, I suggest to always carry your hardware wallet with you.

Snakerist

member

Activity: 336

Merit: 15

Of course it is very important to keep your wallets secure and I always double check everything. It's a kind of paranoia I agree.

mai2mai

member

Activity: 350

Merit: 12

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?

Good question, by the way)) I sometimes leave my laptop on the table in a cofffee shop...but....I don't have any related to crypto information on this laptop, no passwords, no seeds, no adresses, nothing. So, I feel pretty secure. Can't judge if it's paranoia or security...I feel like to protect your wallet is normal....

Crypto_trader87

full member

Activity: 322

Merit: 100

Ues obcourse i am keeping my coins privets keys and wallets in a more secure place that only me knows it and i make also some soft copies and pud in my usb and keep it safe so that if i need it in the future i can still use it.

meanwords

full member

Activity: 1624

Merit: 163

If physically secure means that I'm keeping my coins into a wallet that is not online, then I would say I'm physically secured. I know the risk and the gable that I would take If I use online wallets and exchanges to store value because it can be prone to hackers. Hackers are getting smarter nowadays and could bypass even the best security that they could offer. Well, I still have a portion of my coins to an exchange though for trading purposes but that's it.

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