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Topic: First steps to keep your cryptos safe. (Read 380 times)

full member
Activity: 1442
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February 25, 2020, 09:20:23 AM
#33
1. Use offline spreadsheets to register your accounts, use 1 raw for each account.
Can you expound more on what you actually mean by this? If you meant saving your login credentials on spreadsheets then that's definitely a big no.
The idea is to use offline spreadsheets, only if the device where you store your sensitive data is never going to be connected online ever!
This can really help because there are lots of online spreadsheets that can really be hacked because of some important information you have used and it is vulnerable since you are connected to the wireless area network or we can simply say internet. Once you are connected online, you should be careful of the things you are opening online especially websites, links, and ads. That can give the hackers information about you if that is really some suspicious link or website.


If you hesitate to use those softwares, you can save those things off-line. Make sure to check their correctness and re-useability after backup.
Good point, always the users need to test their passwords or private keys before sending funds to it. If there is any minimal finder mistake you won't be able to recover your coins, better to test and be sure it works as intended. And never send big amounts on the first tx, always test sending small tx, if all goes fine then send the intended amount. So far in crypto there is no way to reverse a tx.
This is also one of the things you should consider, this is obviously important but to remind every one of you, this can be great. Because sometimes we are forgetting to save private keys or passwords of your wallet. You should also double-check every information when you are sending funds because one simple mistake, that money cannot be sent to your specified wallet address.
member
Activity: 136
Merit: 39
February 25, 2020, 07:43:50 AM
#32
About passwords:

Don't change your password too often.
Set up your password as strongest as possible, and stick with it. Don't change it regularly. Only change your passwords if you find risks.

I agree that don't use the same passwords for different accounts. It is also very important to don't reuse your passwords for same account.

It should be other way right? That one should change passwords once in a while so that it is safer.

One more point would be- do not keep same passwords for different accounts/platforms. If the password is compromised somewhere that can affect rest of your accounts.
hero member
Activity: 1722
Merit: 801
February 24, 2020, 08:48:02 AM
#31
Good point, always the users need to test their passwords or private keys before sending funds to it. If there is any minimal finder mistake you won't be able to recover your coins, better to test and be sure it works as intended. And never send big amounts on the first tx, always test sending small tx, if all goes fine then send the intended amount. So far in crypto there is no way to reverse a tx.
Losing money by using Ctr+C & Ctr+V and being unknowledgeable as well as lazy is very terrible.
How to lose your Bitcoins with CTRL-C CTRL-V. It is for bitcoin but you can apply it for your security (with passwords too). Many people don't check difference between what they copy and what they receive after pasting. Problems come from there.
sr. member
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February 23, 2020, 03:08:50 PM
#30

If you hesitate to use those softwares, you can save those things off-line. Make sure to check their correctness and re-useability after backup.

Good point, always the users need to test their passwords or private keys before sending funds to it. If there is any minimal finder mistake you won't be able to recover your coins, better to test and be sure it works as intended. And never send big amounts on the first tx, always test sending small tx, if all goes fine then send the intended amount. So far in crypto there is no way to reverse a tx.
hero member
Activity: 1722
Merit: 801
February 23, 2020, 03:01:03 AM
#29
I accept as true with you that we should always copy in every case That's why I usually use a notepad to guard my crypts. in order that if I forget later I can open the notepad and simply log in don't write of an internet site and it's likely to be hacked.
Please don't use Notepad or spreadsheet to save your important things: private keys, mnemonic seeds, passwords. They are weakest in terms of security.

There are good softwares for use:
Keepass: https://keepass.info/
Another software: I don't remember now.

If you hesitate to use those softwares, you can save those things off-line. Make sure to check their correctness and re-useability after backup.
full member
Activity: 798
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February 22, 2020, 09:40:25 PM
#28
"6. Keep a copy of your protected backup in different safe locations." - I wish I knew this recommendation in 2017. I lost a half of my funds because of my bad memory.
No one can remember mnemonic seed in crypto or even with simpler stuff like passphrase. With passphrase, you can remember it if you regularly log in your wallet or your accounts. In contrast, if you stop log in your wallets or accounts (as you use to do) for a while, a couple of months, you will forget your passphrases.

Back them up and save them in safe locations where you can find them later.

I accept as true with you that we should always copy in every case That's why I usually use a notepad to guard my crypts. in order that if I forget later I can open the notepad and simply log in don't write of an internet site and it's likely to be hacked.
sr. member
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February 22, 2020, 10:07:32 AM
#27
"6. Keep a copy of your protected backup in different safe locations." - I wish I knew this recommendation in 2017. I lost a half of my funds because of my bad memory.
No one can remember mnemonic seed in crypto or even with simpler stuff like passphrase. With passphrase, you can remember it if you regularly log in your wallet or your accounts. In contrast, if you stop log in your wallets or accounts (as you use to do) for a while, a couple of months, you will forget your passphrases.

Back them up and save them in safe locations where you can find them later.
Indeed having a mnemonic phrase for keeping paraphrases will leads you towards losing your wallet or account, no matter how catchy your mnemonic is other thoughts will cover it so best is to have it written in multiple paper every month ang storing it in your cabinet or closet or anywhere you will remember. I am doing that now and so far its a relief for i know i can keep my wallets
hero member
Activity: 1722
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February 21, 2020, 08:05:12 AM
#26
"6. Keep a copy of your protected backup in different safe locations." - I wish I knew this recommendation in 2017. I lost a half of my funds because of my bad memory.
No one can remember mnemonic seed in crypto or even with simpler stuff like passphrase. With passphrase, you can remember it if you regularly log in your wallet or your accounts. In contrast, if you stop log in your wallets or accounts (as you use to do) for a while, a couple of months, you will forget your passphrases.

Back them up and save them in safe locations where you can find them later.
newbie
Activity: 41
Merit: 0
February 20, 2020, 11:15:26 PM
#25
"6. Keep a copy of your protected backup in different safe locations." - I wish I knew this recommendation in 2017. I lost a half of my funds because of my bad memory.
sr. member
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February 20, 2020, 10:54:33 PM
#24
About passwords:

Don't change your password too often.
Set up your password as strongest as possible, and stick with it. Don't change it regularly. Only change your passwords if you find risks.
Is it more safer if we should always change password regularly. Especially if its related to more of our finance asset such as banks. Even apps using mobile devices are suggesting to do this.


I'd say change your passwords of your more important accounts(PayPal, banking, other finance stuff) at the very least once a year. Just to protect yourself from potential
Once a year isnt bad. But if your having too much accounts that are prone to breached isnt it safe to do it frequently such as quarterly.
mk4
legendary
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February 19, 2020, 11:32:59 PM
#23
Don't change your password too often.
Set up your password as strongest as possible, and stick with it. Don't change it regularly. Only change your passwords if you find risks.
I'd say change your passwords of your more important accounts(PayPal, banking, other finance stuff) at the very least once a year. Just to protect yourself from potential data breaches. And also of course, https://haveibeenpwned.com/

The idea is to use offline spreadsheets, only if the device where you store your sensitive data is never going to be connected online ever!
No. Air-gapped device or not, use password managers not spreadsheets. The extra layer of security from the encryption is essential.
sr. member
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February 19, 2020, 04:46:10 PM
#22
1. Use offline spreadsheets to register your accounts, use 1 raw for each account.

Can you expound more on what you actually mean by this? If you meant saving your login credentials on spreadsheets then that's definitely a big no.

The idea is to use offline spreadsheets, only if the device where you store your sensitive data is never going to be connected online ever!
hero member
Activity: 2268
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February 19, 2020, 03:32:05 PM
#21
If you enter the term "keepass hacked" in Google, or another search engine, there are many articles mentioning hacks and vulnerabilities of Keepass.

I have never used it but I dont like the idea that another software knows all my passwords.
You have a point there. Keepass password is possible to steal using a tool but I am thinking that if you run keepass in offline mode, would it still be the same?. I have the same reason why I didn't use a program to store my passwords and rather right my passwords in a piece of paper.
legendary
Activity: 2730
Merit: 7065
February 19, 2020, 02:39:22 PM
#20
If you enter the term "keepass hacked" in Google, or another search engine, there are many articles mentioning hacks and vulnerabilities of Keepass.

I have never used it but I dont like the idea that another software knows all my passwords.
hero member
Activity: 2268
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February 19, 2020, 02:26:41 PM
#19
It is a good way to use different password in each account to avoid the other account stolen because of the same account. Using password manager helps you remember the passwords that you used. There are many password managers and this password manager have been used by most people here in bitcointalk forum. Try using https://keepass.info/ and this thread for creating strong passwords. https://bitcointalksearch.org/topic/guide-how-to-create-a-strongsecure-password-5132378
legendary
Activity: 1134
Merit: 1599
February 19, 2020, 01:00:50 PM
#18
is it just for privacy reasons or do you have any security concerns too? because i can not think of any security risk that could be because of connecting to a public internet connection like using a public WIFI, worse case scenario is that they can figure out you are using bitcoin (sending a tx for example) but they can't do much else like seeing your private key hence no security risk.

Oh man, connect to a non-encrypted WiFi that acts like a man-in-the-middle by a hacker who made it look like it's a public wireless connection (say you're in a mall and the hacker names the WiFi "FREE Internet_Mall" with malicious intents and the damage can be huge. That's giving your data to a hacker for free and is a security risk if you're going to use cryptocurrencies over their connection.
legendary
Activity: 2128
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There is trouble abrewing
February 19, 2020, 11:06:59 AM
#17
10. Avoid the use of public internet connection for important transactions.

is it just for privacy reasons or do you have any security concerns too? because i can not think of any security risk that could be because of connecting to a public internet connection like using a public WIFI, worse case scenario is that they can figure out you are using bitcoin (sending a tx for example) but they can't do much else like seeing your private key hence no security risk.
sr. member
Activity: 2828
Merit: 357
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February 19, 2020, 10:35:17 AM
#16
As everyone has already mentioned so many steps but still I will share some of my opinions-

  • Don't keep your funds on the respective exchange if that particular exchange will hack then you will lose your money.
yeah only those noob are doing such action because with many exchanges being hacked and Users become a victim also?(thinking that there might be an inside job happen about the hackings)so better keep away from doing that.
  • Try to keep your funds some trustable wallet which is operated by you.
and thats what we are doing now that is why there are some others using Ledger or even paper wallet to keep funds safe.
  • Use some popular and trustable exchanges where you can do hassle free trading.


this applied to daily traders because Long term holders know which exchange to use whenever they plan of selling out their currencies.
legendary
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February 19, 2020, 08:10:18 AM
#15
I am pretty confused, is OP talking about secure crypro or account safe? Spreadsheet or whatever offline isn't safe on your device. All password and private keys shouldn't store into your device. Because when your will connect your device with internet then hacker can see everything on your device if incase you attacked. So all the personal details including password, private keys should write on hard papers and keep safe place. Better option write on multiple papers and keep on different place.

However, for keep safe your crypto I would like to encourage everyone for use hardware wallet like Ledger. We should practice best way regarding crypto currency uses. A single mistake could steal our crypto currency.

Anyway, this isn't new anything (except remind). All the things had been discussed on the forum previously. Try to write more information that had not been discussed.
legendary
Activity: 2044
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February 19, 2020, 07:45:36 AM
#14
About passwords:

Don't change your password too often.
Set up your password as strongest as possible, and stick with it. Don't change it regularly. Only change your passwords if you find risks.

I agree that don't use the same passwords for different accounts. It is also very important to don't reuse your passwords for same account.
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