Topic: Holiday season arrives, consider the security of your assets - page 2. (Read 469 times)

I really like the idea brought up by the OP because this holiday season a lot of people always traveled and the first thing every cryptocurrency holder has to have in mind before traveling is how to secure her bag because it's easy to be vulnerable to attack when travel.


It is just like the saying "Not your keys, not your coin" if a crypto holder can not secure her wallet it's also not her coin. Security play one of the vital roles in cryptocurrency.

It seem that the end of this year is not the right time for traveling ^[holidays] considering that many countries are being hit by the new variant of the Omicron coronavirus. Very dangerous for health, maybe a little sorry to say that I won't be going on vacation later this year just because I'm worried.

Regarding wallet security, maybe I agree with @Pmalek's opinion ^{[holiday or not, wallet security number 1]}. Nor will I add too much advice on how one can implement good security for one's assets as is generally achievable just by having a hardware wallet. Yes, I think anyone who has a lot of assets needs to get this wallet, it's not expensive but maybe not too familiar for those who often store their assets in a custodial or non-custodial wallet.

I just want to add that if any of you want to take a vacation then make sure all your assets are transferred to a non-custodial wallet like electrum or to a hardware wallet. This will give you a better sense of security than keeping it in an exchange wallet ^{[if you are a trader].}

Some would say it’s better to become aware of some things ever than never, but if you haven’t done it all year, then you’re really in trouble - it’s not something to be left for later. Lesson number 1 in my philosophy is that everyone should first learn how to be a banker, and only then open a bank - which means that one should first learn the basics (even more than that), and only then invest in cryptocurrencies.


Purchasing such a device does not provide 100% security, there is no such thing. If the user is not aware of possible risks such as clipboard malware and the importance of keeping his backup (seed words) in a safe way - then he is still at risk. Also instructed by the experience with Ledger leak, I would not recommend anyone to buy such devices in a way that uses their personal data - use a PO mailbox, or find an authorized dealer who has a physical store and pay in cash.

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While it may sound weird, don't brag to your friends and acquaintances about investing in cryptocurrencies, you're just drawing a target on your forehead - there are bad people around every corner, and they don't hesitate to come and get what's yours.

Whoever you are, whatever your type of work, whatever your interest in this forum, then wallet security is the main thing you should think about and do. I know that there is already a lot of great advice and tutorial for anyone (newbie or high ranking users) to try when it comes to wallet and asset security, so it might work for you too if you really care about security. Furthermore, I also want you to continue to improve your knowledge and skills posting on this forum beyond being a bounty hunter who will only make up most of your time wasted.

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LOL, I know bro, but I mean it should be for most people and not for everyone who likes to spend holidays at the end of the year. It may be different from European countries where people prefer holidays in the spring or at other times.

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That's right, that's the main point for anyone who cares about his precious asset. Bitcoin is money stored on a blockchain where the owner is responsible for keeping it safe with complete control over the bitcoin. So having a hardware wallet and backing up your wallet is one that is always recommended regardless of when and under any circumstances.

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Of course it's important but I'm not just talking about myself and it should be for everyone including you. In my opinion asset security is not only about how the asset is not stolen or lost, but also about how the asset can still be used by others after the owner dies because without inheriting wallet reserves and inheritance it is impossible for these assets to change hands. This may be one of the most sensitive things for some people, but it is a very useful thing to think about when you and others have quite a lot of assets piled up.

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Check out Ratimov's thread for those of you who want to learn more about how to secure your wallet and assets Beginners & Help Encyclopedia [UPD: +Electrum Board], it lets you get a lot of useful threads according to your needs. Apart from that I can only respond to some of your posts, but I have read all of them from you.

It's very important and it's great to see you warn newbies about this importance again.

Let's keep social distancing till the end of pandemic that might be closely but we must keep up our preventive pubic health measures.

Wallet security is our priority to secure the assets we have, but not infrequently many hackers are able to steal the assets we have, for me personally now the only way to secure my wallet security is to install a fairly complex password and write it on a piece of paper, Besides that, I collect my wallet on a cellphone which I specifically use to store the wallet application without browsing the internet, and usually I will turn off the internet network if I am not accessing the wallet, this is to prevent the wallet or cellphone from being affected with dangerous internet viruses and phishing links that are now widely scattered today.

This compilation will be one of the best gift

Good topics on security and privacy

How about also going through this thread

Open Source Hardware Wallets

There is nothing better than for a wallet to be completely open source.

Only one thing i like this period of celebration of Christmas is because people show the less privilege and others massive love of happiness, it's the time we know the people that loved us mostly, know matter the level of hatred in the society or the environment we dwell the circulation of love, career keep on moving.

Probably. I'm pretty sure Ledger was also affected by the chip shortage though, because if my memory serves me right, they also had a Ledger Nano X 3 pack on their store as well. They're probably just oversupplied with Ledger Nano S's lol.

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EDIT: yep, been out of stock for a while: https://shop.ledger.com/products/ledger-nano-x-3pack

Holiday season or not, your most valuable assets should always be safe and sound with the seeds and private keys stored in cold storage or hardware wallets.

I have often wondered about that myself. Even though there are no deals like that on the official website, you might find a better offer if you browse through the portfolios of their resellers. However, the global chip shortage is the reason why we can't expect significant discounts except the 13% off if you make a reserve order for the Trezor Model T for February 2022.

I’d add to the list, to revise and event test your contingency plan, in case you should pass away. Not the best of xMas thoughts (the latter part of the prior phrase), but shit happens. The more your crypto builds-up, the more reason to have a though out plan, tailored to your circumstances and the profile of your potential inheritors. Contingency plans should be tested and tweaked every now and then, so a fun little drill test (to the applicable degree) may be something to ponder these days.

Edit:
My comment was not aimed at you specifically, wherein the term "you" refers to any reader.

The tip will do not carry your crypto wallet anywhere you go and take it in a safe place that only you will know. Maybe you can carry enough money to use in that place and prepare some more money for urgent things.

You can buy a hardware wallet and transfer all of the assets on that wallet and keep that wallet in a hidden place. That will be good for you because you do not have to worry about anything. I prefer to stay at my home at the end of this year because with reducing the social distancing, and it seems, people will use their time to gather in one place to celebrate the new year. That will be dangerous for people. They can forget about the Covid because they will be busy enjoying the new year.

I think the safest one is complete prevention. We can't stop those scammers from jumping to every method they got so the best way is too alllot extra cautious with whatever means we can use. Some mentioned already protection on wallets, but the most importantly is to avoid such giveaway that isn't legit or kinda suspicious we only seek loss when keep trying hard to get persuaded with those smart scammers.

Not for everyone bro. In fact for a lot of people this is just the start of winter and there is still 3 months left to the new year which is celebrated at the first day of spring which as I say every year also makes a lot more sense compared to celebrating it in winter.
For example for the past 3000 years people in Persian Empire have been celebrating Nowruz (literal translation: new day) in first day of spring and have their holiday then. Currently that is more than 400 million people.
There is also Chinese new year and their holiday celebrated by Chinese and some other parts of the world that takes place in February.

Holiday season is almost but too bad we can't celebrate as we (fellow countrymen) hit by typhoon rai and many have lost homes and that of course include where I live. In my opinion, many will not do a gift giving. For security measures, I don't have problem with it as of now as internet connection is very slow due to the typhoon and no electricity. We are lucky that we were able to recharge our phones and other gadgets to be used when the night strikes mostly lights.

This. Just for more information, Ledger has a "family pack" whereas you're purchasing 3 Ledger Nano S's bundled for like a 20% discount; perfect for giving them away to friends and family. Quite weird how Trezor doesn't have a similar deal imo.

https://shop.ledger.com/products/ledger-nano-s-3pack

Beware of phishing links, this is very important because we may receive lot of promotional emails and links via other social media even from our close friends circle but they maybe sending them without actually knowing what os embedded into the link so ignore the surprise links and keep your Bitcoins safe.

Especially during this Christmas season, a gift-giving season, why not give security as a gift? For sure, every member of the Bitcoin community has friends who have yet to buy a hardware wallet. That's definitely a nice gift friends would surely appreciate. The thought of sharing and the thought of keeping one's crypto safe in one. Ledger, in particular, offers significant discounts to purchases in bundles. It'll be worth it.

Buying a hardware wallet is really worth it. You don't have to worry about it, just buy either a trezor or ledger or keepkey.

I suggest ledger since I have no experience with the other two. Then, keeping the mnemonic words is where the challenge is. But never attach or input it on any cloud storage because it's not really advisable.

Aside from writing it on, I've seen folks that have engraved those words.

The most important thing for new people is that they frequently check the scams/accusations thread on the forum to be well aware of what kind of scams are out there and what new sites are to be avoided. This is the best first step in asset protection, to be aware of one's surroundings and to know what to look for when managing their assets.