Topic: How to Secure Our Wallet to Prevent Being Hacked! - page 3. (Read 636 times)

I have a fam that use metamask to store some BTC and he lost it all when using in crime browser, for someone who actually know about phishing and spywares he was so careful, well the fact is using wallet in browser add-on can never be 100% safe, when you start using that browser to go into different websites anything is possible

Fully agree.

I think paper wallets are very dangerous for newcomers. A lot people will just unplug the computer and generate their keys in some random website.
I have seen a lot of people here talking about losing their coins using paper wallets and asking for help here.

Hardware wallets are safe. They are not 100%, but you only lose your coins if you store your seed in your Gmail or something idiot like that. The vulnerabilities are ridiculous, like the "evil hacker maid", and will only happen in movies.

There are far too much more attack vectors in a paper wallet generation than in a hardware wallet.

Paper wallets are safe only if you know exactly what you are doing and make a lot of research before doing it. Hardware wallets are expensive now, they are not as cheap as they used to be (at least in my country) but they are the best option imo.

True. I think we should kinda stop mass recommending paper wallets to literally everyone though. Creating a paper wallet sure is easy as heck, but creating a paper wallet correctly and securely most probably isn't especially for those who barely know anything about security. Hardware wallets are still the better sort of 'mass recommendation' option in my opinion.

Making use of hardware wallet keeps the private key offline, but paper wallet and wallet on airgapped devices also keep private key offline. For convenience and frequently transactions, hardware wallet can be used. To hodl, paper wallet or airgapped wallet can be used, also hardware wallet is still highly recommendable for holding as well.

Chrome itself is a broswer, and online, chrome extension wallets like matamask wallet and myetherwallet wallet do not support bitcoin (correct me if wrong), also they are just web wallets, web wallets are most vulnerable in design, and private key is online.

Why checking balance on blockchain explorer? To even sum up the whole total balance, master public key will be required, inputting that on a website that can track your IP address or other such things will not be recommended, why not just check your balance on your wallet directly. Also, I have not seen how private key will be so necessary to check balance when you can do that on your wallet directly, or making use of watch-only wallet for the purpose.

Noncustododial wallet most likely not requiring 2fa like custodial wallets and exchanges. The noncustododial wallets that support 2fa (which is not compulsory) is also a way to protect the wallet in case, but there are other three ways to create a wallet on electrum that do not require 2fa, viz: standard wallet, multisig and cold electrum wallet with its watch-only. 2fa can help in security and safety, but reading the feeassociated with it is very important.

We store our valuable cryptocurrencies in various wallets. In this case, it is important to ensure the security of our wallet. I have come up with some points that can help you to secure your wallet:

1. Hardware Wallet
It is better to use hardware wallet because it is more secure than software wallet. Yes, we have to pay for this but if you think about safety of your assets, you'll be ready to buy hardware wallet like Ledger Nano S/ TREZOR.

2. Install/ Download Chrome Extension
We can prevent being hacked if we download and install chrome extension. Mew chrome extension and MetaMask chrome extension are available to install.

3. Bookmark Original Website
We can bookmark all the important/legit websites that we have to access regularly. We can use those bookmarked website safely without input manually.

4. Check Balance
It is not necessary to check our balance everytime by entering our private key. We can easily be able to check our balance and transaction from:

(a) https://etherscan.io/
(b) https://bscscan.com/
(c) https://tronscan.org/
(d) https://www.blockchain.com/explorer

At the time of transaction, we can use our private key. If possible, store private key offline.

5. Don't Trust SSL Only
Just because a website uses an SSL certificate does not mean that the website is completely secure. Buying an SSL certificate is not a complicated matter. We should double check the website before entering private key.

6. Don't Click on Attractive Offers
At the time of browsing, we see many interesting offers that we should not click on because no one will give you free money without doing anything. Sometimes we get such kind of shit offers on gmail/social media. Also, we should more conscious about downloading any app or file.

7. Enable 2FA
It is important to enable 2fa if our wallet serve this feature. We can use google authenticator, mobile number and gmail as 2fa method.

8. Free Wifi
We shouldn't use free wifi at all and by using free wifi, we can lose valuable personal data. Hackers can collect those data for entering your wallet.

Lastly, we should use our brain. Awareness can keep us safe on the internet.

"I might be wrong, please pardon my mistakes."