Topic: Do you keep your coins physically secure? - page 5. (Read 1398 times)
Sure. This is the first thing I learned when I got interested in crypto. The second was that if I wanted to do trading, I had to make sure I don't spend all my money on trading because of the high risks and keep all my assets in an online wallet, which I'm still committed to: a cold wallet has been a must for me since then
In fact, the line between paranoia and reasonable physical security is the amount of crypto assets you have. If it's immaterial, you can sleep well and never care about online vs offline security because you don't lose much, anyway. However, if you possess a significant amount of crypto, some of which you use for trading while some is just stored somewhere, you might want to make sure you don't lose it all at once, in which case use your cold storage only! No other storage is safe enough.
My choice - paper wallets and hardware wallets.
My choice - paper wallets and hardware wallets.
Now all the security problems. As the value of bitcoin increases, thieves will pay more attention, but the best and safest option for storing your crypto conversions is to store it on a hardware purse. I prefer Tresor's purse. We must all be cautious and careful.
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.
Is it okey to use laptops where your wallet inside on it. Just make sure to have copy of important details in some gadget which never bring outsidr at the house. Online wallet is secure like myetherwallet, everything is on our care and resposibility. What ever happen is to be blame for the owner not the creator
Well actually myetherwallet is not an online wallet, it simply provides an interface through the browser!
Yes, of course. But I'm really surprised at how many people do not take their security seriously enough and then start complaining about lost coins...
I understand that there is only one more or less serious security measure - to keep your coins in a cold wallet. Some people believe in the power of their online wallets, but I think they will have to face it sooner or later - cold wallet is the only way you are supposed to keep your assets if you don't want to lose them
I understand that there is only one more or less serious security measure - to keep your coins in a cold wallet. Some people believe in the power of their online wallets, but I think they will have to face it sooner or later - cold wallet is the only way you are supposed to keep your assets if you don't want to lose them
I keep almost all my Bitcoin and altcoin in my Hardware Wallet (Ledger Nano S). I only keep some of my Bitcoin in an online wallet in case U need to buy altcoin in trading platform or when I need to cash it to fiat.
In the case of security I never want to compromise and thats why I always choose the best wallet and I think hardware wallets are very secured.
I take the security of my cryptocurrencies seriously. Before now I don't use to have password on my devices but since I vested into crypto, all my devices have secure log in. And I'm conscience of where I take them to and who I allow access to them.
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?
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?
Actually some of us think storing your coins in the exchange wallet is more safe than the personal wallet because the security of exchange wallet is very good. Few months ago when some exchange got hacked, it made me think there is no safe place to store our coins. Maybe we should consider to use hard wallet.
My coins are very secured in all way round, there's no way I can let my wallet be hacked. As a matter of fact, I'm even considering getting another hardware wallet.
Absolutely!!! I store my cons in my AML BitCoin wallet since this coin is the only crypto that cannot be hacked.
Is it okey to use laptops where your wallet inside on it. Just make sure to have copy of important details in some gadget which never bring outsidr at the house. Online wallet is secure like myetherwallet, everything is on our care and resposibility. What ever happen is to be blame for the owner not the creator
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?
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?
even though we keep the coin on a personal device, we should still give it extra security. Even if you also keep password records in one device that is the same as your digital assets, of course, I hope you are not that stupid by giving detailed passwords in one note. The best security is deception and also a layered padlock. That's what I think.
Sure. A cold wallet (Ledger), 2FA, and other stuff, is a must, you know. I'm not going to list all of the common steps and ways of protection because they are all available in this forum and on Google.
I know how risky it is to leave it in an online wallet or exchange, so I definitely choose to keep coins off-line in a physically secure place.
I know how risky it is to leave it in an online wallet or exchange, so I definitely choose to keep coins off-line in a physically secure place.
I think everyone of us here wants our coins being secured because nobody wants to loss it. Me,personally to make sure that my coins is secured i store it on different wallet and also use 2fa authenticator. We can't avoid hackers so be wise also to avoid lossing your coins. Also keep always the private key and password safe that nobody can stole it or copy it.
Of course everyone wants their assets to be save. but not all users can or will increase their efforts to secure their money. such as dividing their funds in many places or wallets and adding them with 2fa, it will obviously be safe but not everyone uses them
It's never a paranoia to care extremely for something we deem very valuable. And as much as our bitcoin wallets are far from being pick pocketed, you are right that we should exercise strong caution not to lose it.
And as a practice, i keep copies of my wallet-related information not only on my device but also on the cloud where i make sure i have 2-Factor Authentication and the file to be password protected. I'm not really good with keeping printed documents and all (and afraid too that i will lose them or someone i know might be tempted to steal it from me should they see the document laying around), thus, i don't keep it physically secured. I have the habit of losing small items too so using a pen drive was never an option for me either.
And as much as i don't practice it, keeping those information physically secure is always advisable.
And as a practice, i keep copies of my wallet-related information not only on my device but also on the cloud where i make sure i have 2-Factor Authentication and the file to be password protected. I'm not really good with keeping printed documents and all (and afraid too that i will lose them or someone i know might be tempted to steal it from me should they see the document laying around), thus, i don't keep it physically secured. I have the habit of losing small items too so using a pen drive was never an option for me either.
And as much as i don't practice it, keeping those information physically secure is always advisable.
I think that it's best to be paranoid for the sake of our cryptocurrency funds, rather than being careless and become an easy target for hackers. These people are doing everything they can to steal your money in ways you've never thought possible. If you manage to maintain an updated computer and store your cryptocurrency funds in an offline-generated wallet or a hardware wallet like Trezor, then your coins will be physically secure for quite a long time.
For online accounts, it's nearly an obligation to use 2FA these days, because hackers easily penetrate them with the purpose of stealing user's funds. If you plan to trade in an online exchange, then avoid leaving your coins in them for greater safety. In my case, I would simply use decentralized exchanges over centralized ones for all my trades, use a hardware wallet for all my transactions, and never disclose my crypto funds. For greater privacy, I exchange my Bitcoin to Monero or ZCash, to prevent any hacker or unknown person from knowing how much money I have.
Therefore, by doing these practices, you could stay safe against hacks as it'll be nearly impossible to get access to your hard-earned money in crypto.
I know some people who don't believe in cold wallets saying cold wallets are a scam. They have kept their coins in online wallets safely for quite a while, which only makes them believe they're right.
Despite that, I don't think that practice is 100% safe. Ledger Nano S helps me in that regard.
Stay safe!
Despite that, I don't think that practice is 100% safe. Ledger Nano S helps me in that regard.
Stay safe!
Well keeping your cryptocurrencies on a hardware wallet is one of the best ways of saving your coins. Storing bitcoin is one of the most important aspects to consider when you decide to invest. Hackers nowadays can do whatever they want that's why need to be aware of everything. Just be careful with your private keys by keeping them in a safe and secure place by so doing your funds will be perfectly saved.
for me store my private key and password is never in the physical form, all my private key is in the data form, but i spread it into another platform, like in my laptop, harddrive external, cloud, my phone and anything else, and if anything happen with my laptop i have the backup to make sure my private key is safe
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