Topic: Do you keep your coins physically secure? - page 4. (Read 1398 times)
In my opinion, physical security is one of the additional security for your wallet, but if your physical wallet is just put on it is the same as lying, you also have to take care of it, you must be responsible for the security of the wallet.
I personally make backups of all my wallets on multiple USB devices. To be honest i think this is enough. Just need to make sure your passwords are secure enough to protect yourself from an easy bruteforce attack in case your laptop is stolen or comprimised. Aside from that make sure you always run a good antivirus and stay away from phishy websites and your good.
I have my wallets backed up on my hard drives and also on my perceives and I really keep them safe so that people cannot get access to it. I really protect my wallets physically.
I am keep my wallet safe from hackers. Other wise i am lost my all coin. I am write my password and private key in my not book. If my laptop will hack although my wallet will safe.
It is depend on us how we gonna save out own keys. Sometimes, we share our private keys to other without being notice. Be careful not to lost your notebook and do not tell any one that you used it for that. They will be curious and wanting to get it from you. Even you are safe to hack over the network, it is more easy to get it from you of the person you know.
it's a must imo, you need to stay safe in this market.
All my crypto currency savings are stored on an offline wallet that looks like a flash drive. And this device is permanently stored at my home. It seems perfectly safe to me.
You can have the best security in the world but you are always at risk of a $5 wrench attack. For those that don't know this is just a term for a physical attack by someone to get what they want. How many of us wouldn't give up our crypto over threat of death of ourselves or a family member. This is why you should be secretive about your personal life if you are holding a large amount of crypto.
I concur. It's best to stay silent and never disclose how much crypto you own for the sake of your life and money. Also, you should do your best to keep your private key away from the hands of hackers as much as possible. Even in a physical scenario where someone would force you to give him/her your private key, you would simply hand in a decoy wallet with a small amount of coins for safety. Your real crypto balances would be stored in a cold storage medium (like a paper wallet) with an encrypted private key and hidden in a safe place away from prying eyes.
If it were me, I'd simply write down the public and private keys into a very small piece of paper, and then hide it behind something that no one would notice. If you do this, then it's practically impossible to lose access to your funds (unless you forget where you hid your piece of paper). Therefore, it all depends on what methods a specific person uses to help protect his/her hard-earned cryptocurrency funds.
Of course I do this because the hackers are getting strong day by day so we also need to be conscious about our security and also we should become conscious about choosing wallets.
Absolutely yes. Most of the crypto assets are securely stored on a cold wallet. Only a certain amount that I trade with is online.
The cold wallet/hot wallet dichotomy has been a mainstay for nearly a decade and its still very prudent!
Only a cold wallet. I don't trust the online wallets or exchanges to keep all the coins there.
Stay safe!
Stay safe!
Only one cold wallet or two? You should have your private key saved in at least two secure places.
Only a cold wallet. I don't trust the online wallets or exchanges to keep all the coins there.
Stay safe!
Stay safe!
Absolutely yes. Most of the crypto assets are securely stored on a cold wallet. Only a certain amount that I trade with is online.
Sure. Who wouldn't?
But I've never thought about a potential $5-wrench attack. Thanks for pointing out!
Thus, my physical security includes:
✓cold wallets
✓paper wallets
✓silence
But I've never thought about a potential $5-wrench attack. Thanks for pointing out!
Thus, my physical security includes:
✓cold wallets
✓paper wallets
✓silence
for a moment, be careful, especially now that hackers are watching us all from a distance and now everyone is in security. When the value of bitcoin is greatly increased, thieves will pay more attention. All of us and we must be careful in keeping our coin coins
You can have the best security in the world but you are always at risk of a $5 wrench attack. For those that don't know this is just a term for a physical attack by someone to get what they want. How many of us wouldn't give up our crypto over threat of death of ourselves or a family member. This is why you should be secretive about your personal life if you are holding a large amount of crypto.
I just can't imagine how would I be in such scenario where someone is holding a 5$ wrench, and threatening to kill me if I don't give them my keys. It's pretty much the same as when someone's pointing a knife at you so you'd give them your money. When you're holding a large amount of crypto, you have to be very lowkey about it and very secure as well.If you have money, be silent about it. If you have a lot of money, be absolutely silent about it. The world doesn't have to know about your wealth. The number of people knowing how much money you currently have doesn't increase your bank balance.
Now that you have a large amount of crypto, you might as well want to move in a different neighborhood where you're sure that people aren't psychopaths, thieves, etc. But if you're the only one who knows that you indeed have a lot of money, the best idea is to not move out. Stay where you are living before because if you move out people will ask where did you get the money.
On that note, here's a good meme for the $5 wrench attack from Steemit, a post by @jamesjones: Protect Yourself Against $5 Wrench Attacks
I can say that coins can be physically secured only if you keep them in the hard wallet. To my mind, it is better to use the protection with the guarantee that it will be able to help you any time
You can have the best security in the world but you are always at risk of a $5 wrench attack. For those that don't know this is just a term for a physical attack by someone to get what they want. How many of us wouldn't give up our crypto over threat of death of ourselves or a family member. This is why you should be secretive about your personal life if you are holding a large amount of crypto.
I hold my coins on my desktop wallet. If I'm the only person that knows the password, no one will be able to move those coins even if the laptop and wallet are on and available to everyone. But it's more reasonable to keep your coins on devices like Ledger Nano S if possible.
I do my best to make them secure and I always learn more about all new ways to protect the coins the best way. To my mind, it is better to keep coins physically secure using not online but hard wallets
Of course we need to keep our coin in a very secured zone because there are a lot of groups are just waiting and trying to hack out crypto and if they get any scope then they will snatch everything.
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