Is it advisable to download wallet in external hard drive? - page 2.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: buenaobra on January 17, 2018, 08:12:08 PM

Quote from: ranochigo on January 17, 2018, 10:51:53 AM

Quote from: Heartstrings on January 17, 2018, 10:07:18 AM

I appreciate the insight about the topic. What about hardware wallets? Since they are made specifically to store crypto coins, are they still not adviseable to some extent?

Personally, I feel that they aren't suitable to be used on public computers either. They are definitely a lot better than bringing around your wallet file to use it on public computers though.

Hardware wallets are certainly designed to prevent any malware attacks against the wallet itself and the private key is never exposed. However, for certain hardware wallets, your setup has to be done on a secure computer. As long as you don't key in anything sensitive on a public computer, you would be safe. Your privacy would still be compromised however.

So is it safe to say that if I have my own computer/laptop to use, then a hardware wallet will be perfect for me? Please cite the ups and downs for such scenario. Thanks again!

The prefect screnerio will be this, setup you hardware wallet on your not compromised laptop. Then you are free to use the hardware wallet on any computer, even the ones that have virus in.

armandoz

member

Activity: 162

Merit: 10

yes , why not... all everything is passible as long as you can protect your account and not to lost either...but must be a back-up also not just in hard drive only. in case of lost or damage your hard drive you still have a copy by your owned and make it safe in case of stolen or lost they cannot thief your account and stil safe no matter what happen there is a choice because it is yours not for the other.

buenaobra

jr. member

Activity: 45

Merit: 1

Quote from: Anti-Cen on January 17, 2018, 06:23:09 PM

Jaxx is a good wallet but it has a security flaw so I installed on it own MicroSD
and run it from a android phone.

Exodus on windows exports private keys to a CSV file and puts it on the desk top
with some stupid name like "Private-Keys come get them" which seems stupid
to me since Microsoft Windows is scanning file contents all the time.

They should put it on the clip-board or let you cut-en-paste it so you can split the
private keys into two half's before pasting

The Nano S seems well over prices too me and the price keeps going up

What's your personal recommendation for the wallet? I am leaning towards Nano S but I want to see more options and not rush into it.

buenaobra

jr. member

Activity: 45

Merit: 1

Quote from: ranochigo on January 17, 2018, 10:51:53 AM

Quote from: Heartstrings on January 17, 2018, 10:07:18 AM

I appreciate the insight about the topic. What about hardware wallets? Since they are made specifically to store crypto coins, are they still not adviseable to some extent?

Personally, I feel that they aren't suitable to be used on public computers either. They are definitely a lot better than bringing around your wallet file to use it on public computers though.

Hardware wallets are certainly designed to prevent any malware attacks against the wallet itself and the private key is never exposed. However, for certain hardware wallets, your setup has to be done on a secure computer. As long as you don't key in anything sensitive on a public computer, you would be safe. Your privacy would still be compromised however.

So is it safe to say that if I have my own computer/laptop to use, then a hardware wallet will be perfect for me? Please cite the ups and downs for such scenario. Thanks again!

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

Jaxx is a good wallet but it has a security flaw so I installed on it own MicroSD
and run it from a android phone.

Exodus on windows exports private keys to a CSV file and puts it on the desk top
with some stupid name like "Private-Keys come get them" which seems stupid
to me since Microsoft Windows is scanning file contents all the time.

They should put it on the clip-board or let you cut-en-paste it so you can split the
private keys into two half's before pasting

The Nano S seems well over prices too me and the price keeps going up

micloop

full member

Activity: 448

Merit: 114

Hardware wallets is a good pick, but a expensive one. If you're worried about security, learn something about paper wallets and you'll be fine. Do some for each coin that is possible and chill. One more hint is don't store everything at same vault, split your coins into some wallets, so if some one crack it, you'll lose only some coins and not all of it.

Kprawn

legendary

Activity: 1904

Merit: 1074

Generally speaking, you can rely on your hard drive for three to five years on average. The online backup company BackBlaze

analysed the failure rates of their 25,000 running hard drives. They found that 90% of hard drives survive for three years, and

80% for four years. Those hard drives were running 24/7, so I presume a external hard drive will last much longer, if used

less. Huh

The standard hard drive warranty runs about 3 years. Roll Eyes

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Heartstrings on January 17, 2018, 10:07:18 AM

I appreciate the insight about the topic. What about hardware wallets? Since they are made specifically to store crypto coins, are they still not adviseable to some extent?

Personally, I feel that they aren't suitable to be used on public computers either. They are definitely a lot better than bringing around your wallet file to use it on public computers though.

Hardware wallets are certainly designed to prevent any malware attacks against the wallet itself and the private key is never exposed. However, for certain hardware wallets, your setup has to be done on a secure computer. As long as you don't key in anything sensitive on a public computer, you would be safe. Your privacy would still be compromised however.

Heartstrings

newbie

Activity: 17

Merit: 0

Quote from: ranochigo on January 17, 2018, 10:05:32 AM

I wouldn't. The main problem isn't with the compatibility, etc. In fact, most of the wallets do actually offer a portable version. The main issue is with the security.

If you're going to bring the portable wallet around, you could very well be losing it if you forget to bring it along after using it on the computer. Public computers aren't exactly safe at all, using your wallet on it could very well have it being compromised. If you need portability, consider getting a mobile wallet on your phone; doesn't address the first point but it addresses the second.

A portable hard drive is relatively heavy and unreliable at times. It's not rational to be bringing around a bulky metallic case when your main function is to have a portable wallet. Hard drive (not SSDs) are very prone to failure if you drop them.

I appreciate the insight about the topic. What about hardware wallets? Since they are made specifically to store crypto coins, are they still not adviseable to some extent?

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

I wouldn't. The main problem isn't with the compatibility, etc. In fact, most of the wallets do actually offer a portable version. The main issue is with the security.

If you're going to bring the portable wallet around, you could very well be losing it if you forget to bring it along after using it on the computer. Public computers aren't exactly safe at all, using your wallet on it could very well have it being compromised. If you need portability, consider getting a mobile wallet on your phone; doesn't address the first point but it addresses the second.

A portable hard drive is relatively heavy and unreliable at times. It's not rational to be bringing around a bulky metallic case when your main function is to have a portable wallet. Hard drive (not SSDs) are very prone to failure if you drop them.

buenaobra

jr. member

Activity: 45

Merit: 1

I am not so much on the techie side so pardon the noob question. I am planning to purchase an external hard drive so I can just install there my wallets and for mobility. Is this advisable? If not, please give alternatives for someone like me who's always on the go. Thank you in advance!

Topic: Is it advisable to download wallet in external hard drive? - page 2. (Read 368 times)