Topic: Is wallet security important to use? - page 15. (Read 28216 times)
Wallet security is most important aspect everyone has to give maximum attention to. All the monies we get after taking part in any project goes directly to the wallet and it will be very painful in case the wallet is hacked.
if you keep your keys separate from your computer, you can rest assured. since this is the main principle protection of your cryptocurrency
I think without security nobody will invest his hard earn money in cryptocurrency. Why one should lose his money easily due to improper security. People are losing their money due to price volatility and dumps, and if they also face security issues, it will be the end of cryptocurrency. Put your money and somebody will hack it, which is not traceable.
Of course we have to be conscious about the security of our assets, because everything is floating on blockchain network or in our MEW.
So we have to make it sure our wallets are secure, for that we have to protect our private keys & password.
If we use hardware wallet it will be more reliable.
So we have to make it sure our wallets are secure, for that we have to protect our private keys & password.
If we use hardware wallet it will be more reliable.
You are a BANK for yourself, this is very important to maintain the security of your assets, especially private keys, make as much backup as possible so that your wallet is safe and store offline, for example on a flashdisk.
Of course important but not only important, but even wallet security's also mandatory.
With wallet security, at least we can: Avoiding the risk of theft, we must ensure that our wallets are not entered by thieves who can read write and access wallets that can cause loss of course. Reducing the risk of threats, this is common in every wallet of individuals and companies.
Of course, it is very important. The matter is all about the money, and when there is money involved, there would be scams and frauds. The most dangerous thing is hacking. A hacker can take all your money and will not be able to claim it, because of the decentralization. The security must be tighten and not be accessible. Broken security means weak management. With wallet security, at least we can: Avoiding the risk of theft, we must ensure that our wallets are not entered by thieves who can read write and access wallets that can cause loss of course. Reducing the risk of threats, this is common in every wallet of individuals and companies.
Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
Your Knowledge and Ideas will be more helpful if shared.
Buy a Hardware Wallet. I recommend Nano Ledger S but there are other quality hardware wallets out there. Am I claiming that the hardware wallet really can't be hacked? No. But I definitely think it's safer than downloading a wallet to your computer. The following are some of the advantages provided by hardware:
- Compatibility with most cryptocurrency.
- The wallet is only online when it is plugged into your computer so that the opportunity threshold is much lower.
- The wallet protects your private key that is important for sending coins. In fact, unless you are very focused, you won't even know your private key!
- The wallet can only be accessed with a pin code that damages the wallet after three incorrect attempts. What is the possibility of a thief guessing your pin in three attempts?
- This wallet is supported by a 24-word password that you need to record and keep it in a safe place. I recommend storing passwords in 2 or 3 different locations to be safe. If you lose your wallet or corrupt your crypto, you can return it with this password.
- Each transaction must be confirmed by a button on the wallet itself. The wallet will also display the address you sent your coin. Never push a button unless the address in the wallet matches what is on your screen! The wallet is always correct.
As you can see, the wallet protects against various hacking attempts; even protect you from your own stupidity. You cannot give your private key (something you should never do) if you don't even know them!
Dang, no sMerits. Not now! I could have given you one since you put great detail in how specific can hardware wallet be. Although I never bought one of those hardware wallets that I might really plan on doing really soon since I might hoard up now in buying BTC and I might need a tight wallet for that. I don't want to stay in my typical local wallet that might just screw up sometimes though.
No one can accept loosing huge sums of monies accumulated within the shortest possible time. This makes securing your wallet very important to pay attention to and give it the necessary attention.
if you keep your keys separate from your computer, you can rest assured. since this is the main principle protection of your cryptocurrency
Of course important but not only important, but even wallet security's also mandatory.
With wallet security, at least we can: Avoiding the risk of theft, we must ensure that our wallets are not entered by thieves who can read write and access wallets that can cause loss of course. Reducing the risk of threats, this is common in every wallet of individuals and companies.
With wallet security, at least we can: Avoiding the risk of theft, we must ensure that our wallets are not entered by thieves who can read write and access wallets that can cause loss of course. Reducing the risk of threats, this is common in every wallet of individuals and companies.
It is important to save and backup the Private key. Don't give a private key to someone else. Don't save your Private key or your wallet account information on Google Drive, Dropbox or other online storage media.
It is required because your data and wallet information are encrypted on cloud and the database of your wallet company. It is not stored on your device because it requires internet access for a smoother and faster transactions.
Yes, it is absolutely important! I lost some ethereum when I was a newbie because I didn't care whether it is safe or not. I've just googled ethereum wallet, used first wallet and lost my money.
Securing your wallet is a very important point we all have to give much attention to. Imagine after working for years and by the time you realize, your claimed tokens will be no where to be found.
You are your own security in the cryptocurrency space, use strong password, metamask and also the 2fa authentication, but much more important avoid visiting links you can not trace it source or phisting mail, scammers and hackers are on the increase in the space
Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
Your Knowledge and Ideas will be more helpful if shared.
Buy a Hardware Wallet. I recommend Nano Ledger S but there are other quality hardware wallets out there. Am I claiming that the hardware wallet really can't be hacked? No. But I definitely think it's safer than downloading a wallet to your computer. The following are some of the advantages provided by hardware:
- Compatibility with most cryptocurrency.
- The wallet is only online when it is plugged into your computer so that the opportunity threshold is much lower.
- The wallet protects your private key that is important for sending coins. In fact, unless you are very focused, you won't even know your private key!
- The wallet can only be accessed with a pin code that damages the wallet after three incorrect attempts. What is the possibility of a thief guessing your pin in three attempts?
- This wallet is supported by a 24-word password that you need to record and keep it in a safe place. I recommend storing passwords in 2 or 3 different locations to be safe. If you lose your wallet or corrupt your crypto, you can return it with this password.
- Each transaction must be confirmed by a button on the wallet itself. The wallet will also display the address you sent your coin. Never push a button unless the address in the wallet matches what is on your screen! The wallet is always correct.
As you can see, the wallet protects against various hacking attempts; even protect you from your own stupidity. You cannot give your private key (something you should never do) if you don't even know them!
Source: Quotations from Jared Busby, at Quora.
Link: https://www.quora.com/How-do-you-prevent-your-cryptocurrency-from-being-stolen
In my opinion, the security of this wallet really needs to be used due to safeguarding our assets rather than people who want to steal it, even they can use our assets on a bad road.
I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.
If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:
Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet
Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
This is of course. You need to protect your assets especially Bitcoin because its value is quite large. Protect your wallet to avoid hackers infiltrating and taking away your Bitcoin number. You can use google authenticator for wallet security, password required and this is needed and safe. this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.
If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:
Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet
Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
There's a mistake in what you've said. Your BTCs are not held inside your phone etc. Therefore you're right saying that backups are very important.
of course. because now there are many thefts of bitcoin and altcoin in the crypto world, therefore the protection of our wallets must also be properly guarded so that hackers cannot steal our assets
I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.
If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:
Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet
Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.
If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:
Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet
Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
Yes, I guess its better to be more careful than to trust fully the internet or the application that we're using whether its on a mobile device or on a world wide web. Theres a lot of ways how a theft could steal your wallet yet theres also ways to have security for your wallet. Remember that every intangible things are so easy to lose because it can be hack anytime.
These are my suggested ways to secure your wallet:
1. In making an account, if there is important details that you must remember in case of emergency, have a print screen of it and save it to your mobile phone, computer and flash drive.
2. Do not share your wallet to anyone. As much as possible, don't let anyone see it for protection.
3. Do not share your information about your account.
4. If there is a recommendation in the system to secure your account, try to use it.
5. Avoid clicking ads because sometimes its a hyperlink to another system.
6. Do not forget/lose your details on your account especially your password. Save it from your notes written and typewritten.
7. As much as you could, do not use a website as your wallet because I think it is much prone to hacks than on an application on your mobile phone.
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