Topic: Importance of recovery seed/private keys - page 2. (Read 857 times)
Yes, right. because every wallet has convenience and risk for the users. but I chose to use an online wallet that uses a key or other security code. and of course we have to save / copy this code in the paper and saved manually outside our device.
3. Freewallet
True - here Scam Accusations:1. FREEWallet.org stole 55 000$! be careful SCAM
2. FREEWallet.org SCAM ( Don't use any of their iOS or Android APP)
3. Freewallet.org is a fraudster who cheated me out of 15.2BTC
4. FREEWallet.org is a SCAM
5. Freewallet.org is a scam or they are just never satisfied
6. Freewallet makes me stress asking me proof ID and freezing my wallet
2. Bitcoin.com wallet
MemoryDealersBut, my suggestion is to always use a hardware wallet like Ledger and Trezor to keep it safe for ever.
no system are safe forever.I find myself a silver steel plate and I carve the recovery seed on this steel plate, this won't die easily
even tsunami too?No matter how strong wallet (offline, cold and harware wallet) you are suggested in this post even you are careless about security still your wallet unsafe.
Xapo wallet is obsolete I used to use it when I was minging in btc faucets and I don't think that there are people still using it till now. There are lots of trusted wallets available in the internet or in mobile phone just to make sure to have your private keys safe from anyone, don't just save it in your phone, take them note down if necessary just in case you've lost your phone you still be able to recover it.
Every crypto wallets requires the internet but they are of different types, we have online wallets, offline wallets and mobile wallets, I will like to share information about bad wallets that newbies need to stop using right now
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
thats why i always use a hardware wallet because this is the safest way to store our cryptocurrency my friend
3. Freewallet
True - here Scam Accusations:1. FREEWallet.org stole 55 000$! be careful SCAM
2. FREEWallet.org SCAM ( Don't use any of their iOS or Android APP)
3. Freewallet.org is a fraudster who cheated me out of 15.2BTC
4. FREEWallet.org is a SCAM
5. Freewallet.org is a scam or they are just never satisfied
6. Freewallet makes me stress asking me proof ID and freezing my wallet
2. Bitcoin.com wallet
MemoryDealersBut, my suggestion is to always use a hardware wallet like Ledger and Trezor to keep it safe for ever.
no system are safe forever.I find myself a silver steel plate and I carve the recovery seed on this steel plate, this won't die easily
even tsunami too?No matter how strong wallet (offline, cold and harware wallet) you are suggested in this post even you are careless about security still your wallet unsafe.
Even the most safest and trusted wallet has the most vulnerable thing and that is privatekey! It is so difficult to behave correctly with the private key, to store it safety on a place where nohody has an access..
If you do not keep your private key, the wallet is not yours. It is like you are sending money into someone else's wallet and it can disappear anytime. So stay away from wallets concentrated in this market
How about exchanges? if we are a trader, we usually make a lot of transactions from our wallet to exchanges, sometimes we will sit the amount for awhile as we are looking for the right timing to trade, if we are trading in a centralized exchange, we will be force to just trust the exchange holding only the password and 2FA code if there is a feature, but once the site is hack or compromise, we say goodbye to our funds.
Actually DEX are good, this gives us a chance to trade directly from our wallet, but unfortunately majority of traders prefer CEX that is why DEX was left behind.
Every crypto wallets requires the internet but they are of different types, we have online wallets, offline wallets and mobile wallets, I will like to share information about bad wallets that newbies need to stop using right now
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
The only wallet I'm using is blockchain.com I think it's secured because of the email link verification before you can log in, it's very important that you own the private keys or recovery seed, because if you do not own them you don't own the coins, you've kept on those wallets.
Every crypto wallets requires the internet but they are of different types, we have online wallets, offline wallets and mobile wallets, I will like to share information about bad wallets that newbies need to stop using right now
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
Any wallet that someone does not have independent control over is not to be considered as a store of value. I prefer using offline or hard wallets anyway because if online wallet are not properly secured time to time, then they are prone to different attacks, that's why we are adviced not leave our coins/tokens on the exchange wallet.
Custody wallets and all online and exchange wallets are more easier to use, when you forgot password you recover it, this people know and use a lot, so do not push them into these wallets when they are not ready for that.
If you do not keep your private key, the wallet is not yours. It is like you are sending money into someone else's wallet and it can disappear anytime. So stay away from wallets concentrated in this market
For me its really better to use a hardware wallet. like trezor
rather than wallets from website and some so called free wallet, its charge a high for transaction and its not that safe.
but still youll need a myetherwallet for ERC20 tokens though
rather than wallets from website and some so called free wallet, its charge a high for transaction and its not that safe.
but still youll need a myetherwallet for ERC20 tokens though
To be fair, most of altcoin holders is not have a good financial. I know web or online wallet is not safe for us, but this wallet doesn't require any cost to get it. You only need email and phone number to sign up, not like hardware wallet... you need around $100 to get it. Also, most of altcoins only is shit coin, scam and not valuable. There is no advantages to hold random shitcoin with expensive wallet, it's why better to use web wallet for this case.
I would recommend use Metamask for ETH or any ERC-20 tokens and Electrum for Bitcoin
[1] https://www.bitcoin.com/get-started/how-to-import-and-export-bitcoin-private-keys/
I would recommend use Metamask for ETH or any ERC-20 tokens and Electrum for Bitcoin
Quote
Online wallets are very bad, stay away from them, they give users no access to private keys
IMO you're not really accurate. AFAIK bitcoin.com[1] is web wallet which have access to your private keys. But, it not really safe since it's web wallet (third parties)[1] https://www.bitcoin.com/get-started/how-to-import-and-export-bitcoin-private-keys/
Blockchain.com is also an online wallet that's known to be blockchain.info wallet before.
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
No private keys, you don't hold bitcoins. 
Thats true seeds and private keys are very important piece/part of any cryptocurrency wallet, if you don't own the keys it means you are not fully controlled your asset and thats the fact thats why don't hold your crypto assets longer on any wallet that you don't have access to the private keys. I'm using a lot of cryptocurrency wallets since 2016 but today it was narrow to 3 wallets only namely Imtoken 2.0, Magnum, Trust wallets.
if you don't have private keys its not your coins, also many wallet store your seed on the server, stay away from them !!
Yes, the personal key of the wallet is a very important thing to have in person, and it's not good if it is known by two people or many people, because the result is that you can experience sudden loss of assets. 
I don't use different wallet to store my bitcoin and altcoins.
For altcoins I only use MEW or https://www.myetherwallet.com/ which I believe a secured wallet as long as you keep your keys private.
Also, for bitcoin I am using Electrum Wallet, I think I have been using it for 2 years already.
I have not face a single problem using both wallets.
Same too. For ethereum and erc20 tokens mew is the best so far and metamask. I am doing fine using this wallet too. For altcoins I only use MEW or https://www.myetherwallet.com/ which I believe a secured wallet as long as you keep your keys private.
Also, for bitcoin I am using Electrum Wallet, I think I have been using it for 2 years already.
I have not face a single problem using both wallets.
For other coin or token I am using their own wallet support. Everybody knows that hardwallet is the best for bitcoin and other coins, so I am planning to avail soon, maybe a Trezor or Nano S is enough for me.
Having the keys of your wallet is one way to get secure of course with the exception of exchange wallet for trading but dont ever put your coin there for a long time if your not gonna use it so you would not be scare for any possible hack.
You also have to keep your private key or Mnemonic seed very safe, don't write on piece of paper because they can get burnt or tore at your back, here is what I do, I find myself a silver steel plate and I carve the recovery seed on this steel plate, this won't die easily
The online wallet that requires private keys or seeds to open every time is very vulnerable to keep it secure for ever. So, always keep your crypto offline or the wallet that is storing your coin in a cold storage will be safe to some extent. But, my suggestion is to always use a hardware wallet like Ledger and Trezor to keep it safe for ever.
I don't use different wallet to store my bitcoin and altcoins.
For altcoins I only use MEW or https://www.myetherwallet.com/ which I believe a secured wallet as long as you keep your keys private.
Also, for bitcoin I am using Electrum Wallet, I think I have been using it for 2 years already.
I have not face a single problem using both wallets.
For altcoins I only use MEW or https://www.myetherwallet.com/ which I believe a secured wallet as long as you keep your keys private.
Also, for bitcoin I am using Electrum Wallet, I think I have been using it for 2 years already.
I have not face a single problem using both wallets.
Jump to: