How is the safest of the 'safest ways' to store Bitcoin? - page 3.

kotajikikox

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Quote from: pakpahan on January 03, 2022, 10:10:32 PM

Quote from: Imran232 on January 03, 2022, 12:38:55 PM

Well, this is really a headache. Though I learned a trick from a friend, he taught me a trick that I followed. And the trick is that I didn't connect my wallet to my smartphone all the time. When I needed it, I just connected and used it. Then I disconnected it again.

That trick really gives a headache Cheesy

Yet that is safer mate because you don't have to escape from using free wifi when you are out of house.

not like if your wallets are online you are always scared of some hacks happens from your device.

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I read there is one other best way that can be tried but currently Samsung 2018 product users are free to use it, I don't know if other smartphones have it, i.e. activate the samsung safe folder, move the wallet application into the safe folder and hide the safe folder.

https://www.androidauthority.com/samsung-secure-folder-908758/

Wow thanks for this, i have not know this if you did not share here.

will check this certainly today if how safe and how to use.

pakpahan

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Quote from: Imran232 on January 03, 2022, 12:38:55 PM

Well, this is really a headache. Though I learned a trick from a friend, he taught me a trick that I followed. And the trick is that I didn't connect my wallet to my smartphone all the time. When I needed it, I just connected and used it. Then I disconnected it again.

That trick really gives a headache Cheesy

I read there is one other best way that can be tried but currently Samsung 2018 product users are free to use it, I don't know if other smartphones have it, i.e. activate the samsung safe folder, move the wallet application into the safe folder and hide the safe folder.

https://www.androidauthority.com/samsung-secure-folder-908758/

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Quote from: pakpahan on December 29, 2021, 08:03:01 PM

the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you

Most of the people that stores their cryptocurrencies usually use their phones to access them. Like me every time, I always make use of my smartphone If I want to send cryptocurrency and my cryptocurrency wallet is also on my smart phone, installed. Maybe for a case like this, the best you can do is to just also have or create an access to your wallet on your computer that you don’t carry around, and if anything should happen that you lose your smartphone and someone is likely to gain access to your wallet, you can quickly use your computer to access that wallet and lock it or move your funds to a different address or wallet.

Imran232

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Well, this is really a headache. Though I learned a trick from a friend, he taught me a trick that I followed. And the trick is that I didn't connect my wallet to my smartphone all the time. When I needed it, I just connected and used it. Then I disconnected it again. Though it is really frustrating, if I need the security of my money, then I have to do a little work. Despite the fact that I have set my wallet as a watchlist so that I can track all data, I can use it without being connected. in this case, I also carry my seed by 2-3 notes and in a different way so that if someone steals everything, he still can't get access to it. I also use all my seeds in videos as subtitles and audio tracks, which I store online, but it would be tough for others to crack those 24 words of seed. Look, I believe if you want to secure your money, you have to do a little work, but if you do it properly one time, you don't need to do it again and again. That's it. Thank you.

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Quote from: AakZaki on January 03, 2022, 12:25:54 PM

Quote from: romero121 on January 03, 2022, 09:18:23 AM

Hardware wallets were the best to secure the holdings. Online wallets can be preferred for limited spending, which means for daily transactions. If the plan is for long term holding, then hardware wallets were the right pick. Even online wallets are secure providing with multiple layers of security which includes recovery phrase, 2FA, e-mail verification. It is upto the usage to go for different wallets. Some used to store on Exchanges as they involve in daily trading. That is a high risk storage in my view.

Hardware wallets are indeed the most secure primary storage compared to other storages. Storage in a mobile wallet still has risks, but it will also help to make trades without requiring a lot of verification. some people need quick verification because they trade on every Dex, or trade on an exchange. The most important thing is to always keep your personal wallet safe, and divide each asset into several groups. for the long term, short term and used for trading.

As of now, this is the most secure. I'm not sure if there are any new innovations in storing bitcoin as safely as possible, but I think having it safe while also being able to easily get that bitcoin out is important because some people have difficulty accessing it. Consider the possibility that you have a super secure wallet that you have forgotten how to open. Hardwallet like ledger is the best right now and most recommended, but I believe you could be hacked by it if you are the one who provides it but are unaware, so let us be cautious at all times.

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Quote from: romero121 on January 03, 2022, 09:18:23 AM

Hardware wallets were the best to secure the holdings. Online wallets can be preferred for limited spending, which means for daily transactions. If the plan is for long term holding, then hardware wallets were the right pick. Even online wallets are secure providing with multiple layers of security which includes recovery phrase, 2FA, e-mail verification. It is upto the usage to go for different wallets. Some used to store on Exchanges as they involve in daily trading. That is a high risk storage in my view.

Hardware wallets are indeed the most secure primary storage compared to other storages. Storage in a mobile wallet still has risks, but it will also help to make trades without requiring a lot of verification. some people need quick verification because they trade on every Dex, or trade on an exchange. The most important thing is to always keep your personal wallet safe, and divide each asset into several groups. for the long term, short term and used for trading.

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Quote from: pushups44 on January 03, 2022, 10:09:32 AM

One way to protect from a wrench attack is to keep most of your crypto away from your mobile device or computer, and to place the private key or hardware wallet in a secret location away from your current one that you cannot access during this type of attack.

Another option is to continuously be armed, so that if you meet an intruder, you can just blast him away.

If you keep your bitcoins away from your smartphone or PC/laptop, how do you keep your bitcoins with you on vacation?

in the future when mass adoption occurs we will all definitely pay for anything during our vacation with bitcoin so it's not storing our bitcoins on smartphones is impossible

For now, it's better not to share your bitcoin ownership with someone you just met, it's much safer and makes you calm

pushups44

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One way to protect from a wrench attack is to keep most of your crypto away from your mobile device or computer, and to place the private key or hardware wallet in a secret location away from your current one that you cannot access during this type of attack.

Another option is to continuously be armed, so that if you meet an intruder, you can just blast him away.

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Hardware wallets were the best to secure the holdings. Online wallets can be preferred for limited spending, which means for daily transactions. If the plan is for long term holding, then hardware wallets were the right pick. Even online wallets are secure providing with multiple layers of security which includes recovery phrase, 2FA, e-mail verification. It is upto the usage to go for different wallets. Some used to store on Exchanges as they involve in daily trading. That is a high risk storage in my view.

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Non custodial wallets with multi-sig feature would be much better in my opinion if in case these robbers are forcing us to login with our passwords or else they’re gonna do something much more worse.

It’s important that we should not put all of our eggs in one basket. In other words, never put all of your assets in one wallet only. If I were in that situation, I would give out seed phrase of the wallet with many useless shitcoins than the main ones.

Diversification is necessary.

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Quote from: pakpahan on December 29, 2021, 08:03:01 PM

greetings to all, when I read an online news I was surprised by this news

Quote

Caucasians rob Italian citizens of money and Bitcoin in Bali with a total value of IDR 5.8 M.

Then, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.

"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )

https://www.cnnindonesia.com/nasional/20211228141520-12-739596/bule-rampok-uang-dan-bitcoin-wn-italia-di-bali-senilai-total-rp58-m

the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you

It seems that you are looking for more than a 100% safe assurance in crypto but the sad thing is that we never find a way to keep it to the fullest, we'll all take the risk and the only thing that could help it out will matter on us individually, the way we manage our keys. Kinda not a difficult thing to do but hackers are too smart as well to make track of our keys and might install malware on our computer leading to some leaks and it was the end of our day, a nightmare it could be. No other thing to do but to be careful when accessing sites and a lot of people looks good and they might be hackers.

nullama

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Cold storage with multi-sig for the majority of your bitcoin.

Mobile lightning wallets for small amounts, and also many a desktop one for small spending.

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Quote from: Sirait on December 30, 2021, 08:58:27 AM

I imagine if I become a victim then I will do the same thing, which is to give my bitcoins to the perpetrator so that my life and that of my partner are safe. Incidents like this really should be made a lesson for all of us not to store bitcoins in one wallet and not to be too indulgent around us that we have large amounts of bitcoins on our smartphones.

One of the main reasons why this happens is we may have spoke some details about cryptocurrencies to our friends and that said friends may have seen you changed drastically or quite a bit because of it. Jealousy is really something we should be aware of because in their times of need they may have chosen you as the target so that they can get access to your wallets. Things like this may have start in our circle because why would the robbers know that you have cypto wallet.
Aside from not telling your friends or family or bragging that you're into crypto is to have a secondary remote wallet on which you store your coins and log out every after transactions so that if times like these happens, you're still secured because the only thing they know is the primary which is always open to your phone.

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Quote from: riso2015 on December 30, 2021, 04:17:39 AM

everyone has their own way of storing their bitcoins, some hide their real identity, some use hardware wallets, some hide themselves, and don't show other people that they have bitcoins, because they are afraid there are people who do bad things to them, but I personally store bitcoins using hardware wallets, such as ledger and trezor, to make it easier for me to access bitcoins, this is my safe way to store bitcoins, because in this way I am very sure even though hackers attack my computer, I sure the hacker can't press the button and approve the transaction.

Agree, everyone has a way of keeping their assets safe, and I prefer to keep my mouth shut that I don't own bitcoins, even to my own family. Because evil does not look at anyone, we will be victims by people who have dark eyes in the sense of wanting to have something by doing all kinds of ways. I think it's one of the safest ways.

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Dalam penyekapan yang dilakukan empat orang itu, korban mengetahui dua pelaku yaitu Nicola dan Gregory dari suaranya. Jansen mengatakan identitas pelaku dikenalinya karena Nicola merupakan mantan karyawan korban. Sementara, Gregory dikenali korban karena sempat mengikuti acara pesta di villa yang ditempati Nicola.

A condensed and simplified translation: in short, the perpetrator is the ex-employe of the victim and the perpetrator friend's whose was once all of them had a party together.

Besides storing a bitcoin on a mobile phone isn't recommended, there is another factor that we really need to take into consideration which is privacy about how much money we get. It might be fun that if we had parties and meets someone new and then had the interest to talk about cryptocurrencies, but if the person isn't really trustable or you just knew them, it's better to keep your mouth shut.

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Quote from: levyashin on December 30, 2021, 01:59:53 AM

The answer never changed from day one. You need to store your bitcoin a wallet you hold private keys of. (and adding 2fa is always a good thing to do)

And yes, you shouldn't tell everyone that you have bitcoin.

I agree with this statement. Like what most people had advice when asking for security in storing BTCs, the answer would always be to avoid storing them into centralized or local exchanges being offered. While they may be the most convenient way of storing your BTCs as it can be easily downloaded from our respective smartphones due to its convenience, the level of security may be relatively weaker compared if you store them inside a hardware wallet.

In addition to this, never tell anyone about your private keys; in fact if it is possible, avoid telling strangers that you do own some BTC to avoid getting tracked down.

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Cold storage and offline wallets are safest way to store Bitcoin because no one can access your account and make their transaction.

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If we have many assets, I will not stor them in only smartphone. I will prefer to buy hardware wallet. Every storing ways has risk but at keast hardware or cold wallets have lower risks.
But we must be also careful in storing the data like phrade, password or PIN to access the wallet.
But if we only have small assets and they are tradable, I will prefer to save it on reputable top exchanges and trading them. And withdrawing to fiats once getting profits.
Btw imo, there is no guarantee of the safest ways of storing.
Make akways secret, never trust anyone and ket them know the important data

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Quote from: pakpahan on December 29, 2021, 08:03:01 PM

is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you

Remain low profile.

Don't talk with anyone about what you've been doing and if you have bitcoin. Although sometimes it's unavoidable when serious questions come to ask you what you've been doing and if you're into bitcoin.

As much as you can, remain low key and tell only it to the people whom you trust. There's the reminder even long before about the $5 wrench attack and that's one of the ways to avoid them.

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Quote from: pakpahan on December 29, 2021, 08:03:01 PM

greetings to all, when I read an online news I was surprised by this news

Quote

Caucasians rob Italian citizens of money and Bitcoin in Bali with a total value of IDR 5.8 M.

Then, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.

"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )

https://www.cnnindonesia.com/nasional/20211228141520-12-739596/bule-rampok-uang-dan-bitcoin-wn-italia-di-bali-senilai-total-rp58-m

the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you

A safer way is to store your digital assets in some ledger or Trezor wallet and keep it at some safe and unknown place where no one could make even a wild guess about it. Moreover these problems have existed in every age, earlier houses of people were robbed when they had loads of cash, a simple recommendation is to keep a body guard if you think you are so valuable and are at risk of getting robbed.

Topic: How is the safest of the 'safest ways' to store Bitcoin? - page 3. (Read 656 times)