Split your recovery keys into multiple parts and save in different cloud storage is ok thought. i.e 1-8 words onedrive, 9-16 words google drive, 17-24 icloud.
For hardware wallet i am not believing it much, it may be broken and you will still need other methods for recovery (usb device have chance of dead), also i am not sure what inside, is there any chip that will sit there waiting for it time? I don't mean anything to the manufacturers but who know, they may not made it from zero (fabricate from raw material -> finished product). Paper is good too but make sure you need a plastic wrap to protect it from water / humidity environment.
Topic: How do you protect your digital coins? - page 6. (Read 1943 times)
It seems to me that everyone has his own way of protecting his assets, but I think no one is 100% protected from viruses. The main thing is not to download questionable programs from unknown sources, check the system for viruses and best save money on a hardware wallet.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
I protect them by using a separate gadget that installed my wallets and I never use the said gadget for anything in the internet but only for my storage only so from that I am safe from phishing sites that mostly uses by hackers to track our precious cryptocurrency For me entering sites or those links provided here is one big factor why we are getting victims,and another thing is the social media sites that we are having so that is one simple but valuable way of keeping safe my assets
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
Buying the coins is not the important factor, but storing your valuable is the problem, if you are planning to invest in virtual currency make sure you spend money to get a hardware wallet to safely store your coins or you can store in a hard disk which is not connected online and if you make sure that is done and you have a good password and you control the private keys, it is well and good and your coins are safe and never use open WiFi connections and any other insecure internet connection if you store your coins in your laptop.A hardware wallet is not 100% secure. There is always a chance of losing the recovery sheet or someone stealing the wallet. Online wallets such as Blockchain.info are as safe as any hardware wallet, if you take the necessary security precautions. Just do 2FA and email verification and your online wallet will be fine and protected against the hacks.
I have no such idea about the wallet, but I did a lot of research before coming to Cryptocurrency World. From my own personal experience of that research, I think the hardware wallet is the best for hacking, stealing.
https://www.ledger.com/
https://www.ledger.com/
Trezor or Nano Ledger are great options! The support altcoins as well, so you can keep any kind of investment in the cold storage. That said, if the sum is big, I would divide the whole portfolio into several parts and keep in several places to reduce any risk (theft, device break, key lost) to a minimum.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
Buying the coins is not the important factor, but storing your valuable is the problem, if you are planning to invest in virtual currency make sure you spend money to get a hardware wallet to safely store your coins or you can store in a hard disk which is not connected online and if you make sure that is done and you have a good password and you control the private keys, it is well and good and your coins are safe and never use open WiFi connections and any other insecure internet connection if you store your coins in your laptop.
I have always believed that the crypto currency is based on the blockchain technology which relies on the principle of decentralization and it gives us the freedom to hold our wealth with us without relying on any third party out there. I have been using multiple wallets but when it comes to the holding, I prefer hardware wallet as well as paper wallet (along with backup precautions) to store my funds. I highly recommend offline storage for anyone willing to ensure high security but even in that case, the holder must maintain psychical security measures.
The protection of our wallet solely rely with us and how we are able to keep our private keys secured from others who may want to steal our coins, and also not to let people know about our log in details if we operating a web wallet. But in all if not in the case of hack then keeping our private and log in details safe is the key to securing our wallet.
I do have Ledger, and I store it there. I only send to exchanges the coins I am going to sell, and I do not trade all my assets. Usually those I gain from profit are the ones I trade. I also trust few exchanges to trade my asset on. I look metoculously for features and reviews to avoid losing funds.
I don't store them on exchanges and keep it at multi-crypto wallet like coinomi. I keep the private keys incase I delete that app on my phone. I make multiple copies of that backup to reduce the risks of my cryptos stored there forever. So far I've been doing that for 2 years and I can still access my wallets anytime I want as long as I have those backups. I also don't use public wifi, as much as I can, I use my phone's data package to connect to the internet when I am outside.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
..each of us have our own way to protect our digital coins and each have references and preferences on how to keep it secure and safe..for me i do keep my cold wallets in an area where only me can see it and only I have an access on it,,I always make sure that all my private keys are kept wisely and a lot of backups was made so that I can retrieve it urgently whenever I want..I also use google authenticator for better assurance that my accounts are secured..
Various methods, but mostly paper wallets stored in only areas I am aware of. Not necessarily at my primarily dwelling at any given point in time.
If you do not require it for long time then offline storage is the best method . And if some has very less coins than can store in multiple wallets or exchanges which has good security so that you would have diversified your risk to different wallets .
I have made a paper wallet where I have printed a password-protected private key. but the most crucial part is keeping the private key safe. as its a paper so it can have physical damages if acted carelessly with it. so private key is best if you want to minimize the hacking options and keeping multiple backups means more security flaws but also it is safer as a backup. also, do not keep all you know on a single address as one of the address somehow got compromised your remaining funds will be safe.
Keep your coin in the hardware wallet through it in the River that is the best way to do it. The logic behind that is to keep your fundings cold what it means is you should keep most of the amounts that you are not using into cold wallet.
If that is kinda hard then you just have to be responsible for any acts you are doing with regards to whatever storage your coins are being put on
If that is kinda hard then you just have to be responsible for any acts you are doing with regards to whatever storage your coins are being put on
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
I make sure I have my private key been stored offline in where all my personal documents are and also I don't store my coins in an Exchanger wallet that I have no private key to. 
I leave all on desktop wallets, but I'm thinking to buy a hardware wallet or try to make a safer way to protect my coins
I don't like paper wallets, but I have to admit that is a very good way to protect yourself against hackers
I don't like paper wallets, but I have to admit that is a very good way to protect yourself against hackers
The problem with hardware wallets is that you need to be extremely careful about the pin code and the recovery seed. In case you forget the PIN, then there is no way to recover your coins. Also, with the limited options and customizations they offer, I think that the hardware wallets (Trezor, Ledger, BitLox, KeepKey.etc) are over-priced.
Yes, I have to consider that about pin codes, and I consider over priced to, I have to make a decision, because I have a lot of different coins and I`m worried to protect it
This is very simple, so far all my assets are safe from theft hackers, I only use the google authenticator to secure my wallet from all the exchanges I use. And use an antivirus in the laptop or computer used....
I do the same. I never put my digital coins on exchange when it is not going to trade. Keeping digital coin on wallet keep it safe from hackers and also never used the account directly. Make different account which can be use for trading and save on the primarily which is used for private transaction.
I use both web wallet and hardware wallet but i save most funds on the hardware wallet which is actually a ledger wallet. One thing about web wallets is that you have to be very careful anytime you are unlocking it because sometimes you can be lead to a fake websites and they can hack your account if you access your wallet over there.
For the use of hardware wallets just make sure you have stored your private keys in a safe place.
For the use of hardware wallets just make sure you have stored your private keys in a safe place.
I leave all on desktop wallets, but I'm thinking to buy a hardware wallet or try to make a safer way to protect my coins
I don't like paper wallets, but I have to admit that is a very good way to protect yourself against hackers
I don't like paper wallets, but I have to admit that is a very good way to protect yourself against hackers
The problem with hardware wallets is that you need to be extremely careful about the pin code and the recovery seed. In case you forget the PIN, then there is no way to recover your coins. Also, with the limited options and customizations they offer, I think that the hardware wallets (Trezor, Ledger, BitLox, KeepKey.etc) are over-priced.
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