Topic: Do you keep your coins physically secure? - page 6. (Read 1398 times)

I don't get the physical part coz Bitcoin is digital and has no physical traits. But as for keeping it secured, well, I do make necessary precautionary measures in order to keep my coins safe. Hackers or scammers will do anything in order to steal our coins. It is up to us to counter them with security measures so to prevent them from doing what they do.

For my own side as a newer in crypto and haven't yet coin, I will store my money on secured wallets (application, hardware wallet) to keep safe. But I plan to keep a half of my money in bank because eventhough we are in cryptocurrency world I didn't except that virtual is a safetiest way to keep money. That's why I think practically to store online and to store it physically on bank. I think this ideas is not good to others but for me it is my (life hack) practical decision.

That is why you as a holder and owner of your own crypto wallet must be responsible enough to take good care of your account to avoid intruders to access your account without notice because in the industry we are currently up now, many will be trying to stole whatever you have in your virtual wallet so the security of you account already relies on you so to be able to secure your own, be knowledgeable and responsible enough with your actions to take good care of your account.

I think majority of here are also using their devices to secure their coins because this is the easiest way.
Eventhough this is very risky and prone to the hackers to hack your account.
Just need to take care and avoiding malicious sites to open for our own security.

Basically I think for me in this aspect hardware  wallet seems to be more safer ,private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext.

Yes, I do I always keeps my coins carefully and I always increase my coins in order to become more.

am acturally not storing in a hardware wallet but am not neglecting the use of 2FA with this i think am ok with it ,still have no more idea about the hardware.

This is funny to ask a question like that in this community because everyone should be aware of security issues inherent in crypto. However, I was really surprised to learn that some of the people engaged in crypto world leave their coins online...
Me? Never will I leave my coins anywhere but in my cold wallet with key phrases being kept off-site in several trusted locations.
Cold wallet: Ledger Nano S, if you are interested.

usually if you keep it in a hard wallet if it's easy to convert it and it's safer to give a simple password, if nobody knows and don't forget to record it and photograph it to be safe, don't forget it and it's not stolen ..

this is so true, leaving your laptop where any body can get access to it when you are not around doesn't guarantee safety of crypto savings, but one can still curb this by setting a strong password on the laptop

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.

I know hard wallets are the safest means of storing your bitcoins but since I can't or I don't have any access to those I am using online wallets instead. I know some of you will say that it is not safe to store your coins in online wallets but I haven't have any issues with those at all and I have been using it for quite some time now. Although I am planning to buy myself some hard wallet soon.

I am hiding my coins securely with myetherwallet for scam prevention because this is the only way to keep a coin

Definitely, right now some of my coins are physically secured and some are still in my online wallet. Even though it is in my online wallet, I always make sure that it is strongly secured.

    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.

Saving your coins online to me is not a bad idea but you need to be extremely careful with you private keys. I remember a friend of mine who mistakenly submit his private key instead of wallet address and lost all his funds.  Though external device such as ledger is more secure to save your cryptocurrencies but not every one that can afford it for a start. 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.

i have 2 laptops. Cheap price but for wallet we don't need high spec to store our coins. And i have ledger nano too. In laptop for wallet, i never use it for anything else because to keep it from virus or other malicious thing from internet.

Sure, keeping your coins physically secure is very important if you are into the investment of cryptocurrencies because these days if you don't take care you might be redirected to a phishing site which can hack your private key of your wallet.

The answer is simply yes. Ever since I've started in crypto land a couple of years ago, I've taken the liberty to secure my coins as much as possible, since hackers have been on the loose hunting for loot. To keep them secure, I never disclose the amount of coins I have, and I always use a hardware wallet along with a paper wallet for all my transactions. Every time I want to receive coins, I quickly change my public key, adding a greater level of privacy. A public key is generated for each transaction to prevent prying eyes from spying how much coins I own in my wallet.

For even greater security, I use Linux operating system instead of Windows to conduct my crypto transactions. I never leave coins in an online exchange, except for a very small amount to be used for trading purposes. The paper wallet I use, has been generated offline in a freshly installed computer, encrypted with a BIP 38 passphrase. All of this has helped me so far to keep my coins physically secure against hacks or theft, without having to worry about such risks.

Therefore, if you follow these steps, it'll be practically impossible for a hacker to get access to your funds. It's always recommended to stay updated with the latest threats, to protect yourself against them. With good protection and awareness, your money in crypto will be as safe as a bank.

In this generation,  a lot of innovations are strongly patronised. Therfore, a parallelism with such crime in the digital world from these innovation is a down fall. Although some may not be affected by it yet others are actually quite ruined. For me, physical security is not really an answer but it is on how you will managr your bitcoin.