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Topic: Is wallet security important to use? - page 24. (Read 28216 times)

full member
Activity: 574
Merit: 100
August 23, 2018, 07:10:33 AM
yes of course your wallet must have very high security so that when hackers break into your wallet it will be difficult to use it because the access is only from you. level of security to secure the assets you have.
full member
Activity: 438
Merit: 100
August 23, 2018, 07:06:32 AM
In social networks, you can also face fraudulent attempts. To avoid this, subscribe only to valid accounts and company communities. Do not trust external links. Even if they are persistently offered by the social network itself.
full member
Activity: 382
Merit: 100
August 23, 2018, 06:58:13 AM
Hackers use your desire to change something in the standard browser settings. You install extensions, which, for example, make the interface more convenient, and scammers use these programs to read the transmitted information. Therefore, try not to install extensions on crypto-currencies. Yes, it can be easier with them. But without them, it's safer. To make transfers, use the "incognito" function or keep a "clean" browser for transactions on your computer.
member
Activity: 350
Merit: 12
August 23, 2018, 06:51:59 AM
It seems to me to be a meaningless question: perhaps someone has not yet understood that we are talking about MONEY.
And when it comes to money, it seems to me that security should be in first place. Am I wrong?
newbie
Activity: 50
Merit: 0
August 23, 2018, 06:26:09 AM
Yes wallet is so very important to use because we need to secure it from the hackers because some people will do anything just to hack or scam just for their self.And the wallet help us also to manage our finances.
member
Activity: 322
Merit: 10
August 22, 2018, 06:17:00 PM
I should say that wallet security is the most important in this crypto investments because this is the place where you put your coins and stored them for future use, this digital investment can not been taken easy as there are many hackers who wants to steal our deposits ,so it is very important to secure our wallet first among other things.
member
Activity: 406
Merit: 19
August 22, 2018, 06:14:33 PM
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.

So far I haven't personally experienced a case that's so heavy on my wallet, and I still feel comfortable. So I can't go any further, with knowledge as far as I know I think what you say's true that's by doing an encrypted backup. Because with an encrypted backup at least it can make us feel safe and comfortable.
member
Activity: 158
Merit: 11
Omnity - Unifying Knowledge For Faster Insight
August 22, 2018, 05:52:12 PM
As there is no central authority, in the crypto world security is everything: if someone can access your private key, you can say goodbye to all your money. So, maximum attention!
copper member
Activity: 266
Merit: 2
Ako Bayot!
August 21, 2018, 10:19:04 AM
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.
Well in my case i have save a hard copy of my private key each of my digital wallet. I do not trust with the software copy since we do not know when will our gadgets and equipment damage. A huge problem may arise if one only having a single copy of private keys stored in one gadgets or computers. IT should have at least three copies of it in different gadgets and again it is better to have a hard copy for it.
member
Activity: 714
Merit: 11
BountyMarketCap
August 21, 2018, 10:08:43 AM
the most important thing is to keep a good keystore, and also a password. do not forget. because if you forget, it's our fault, and at MEW, I don't see the "forget password" feature.
hero member
Activity: 784
Merit: 500
August 21, 2018, 10:03:15 AM
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 already an old topic and it’s only a dumb person that doesn’t know that they are supposed to secure their wallet properly. And by the way, your Bitcoins are not stored in your phone if you’re using a mobile device, neither does it store in your computer if you’re using a computer.

I don’t know what wallet you’re using cause I haven’t seen anyone that stores it to your device. You should try to back up your wallet and also make use of two factor authentication to secure it.
Everyone keep their important items in a safe and secure place. Same is the case about crypto currency. You need to give full protection to your wallet, you can use different wallet and different strategies for giving more security to your wallet and specially to your online wallet.
newbie
Activity: 100
Merit: 0
August 21, 2018, 07:43:22 AM
When it comes to cryptocurrenc wallets, passwords are even secondary especially when compare with your private keys, lose your password, you can get it back with your private keys,lose your private keys, funds are gone forever
newbie
Activity: 98
Merit: 0
August 21, 2018, 07:38:51 AM
We really need a high security in terms of e-wallet. Imagine that the food you are buying/producing is always with flies?? It's like a feast for flies. Like in e-wallet, if we are accommodating low security for our account, hackers can easily bypass through it and get everything we have work for. Right? We really need a high security wallet that will surely guard our wallet for bypassers.
jr. member
Activity: 74
Merit: 1
August 21, 2018, 06:42:32 AM
We really need to have a high quality of security its for our investment to be secure all the time.
member
Activity: 350
Merit: 10
August 21, 2018, 05:05:13 AM
because the wallet we use is really important to everyone because it is located in a place that has security in the things we care about and does not want the wallet to be hacked but there is a wallet that is really secure for the better look for a good wallet and secure security, and not complicated to use at all. My good saying is that you should understand that the security wallet should be used.
full member
Activity: 462
Merit: 100
ANONYMOUS MOBILE PAYMENTS
August 21, 2018, 04:47:30 AM
Actually all those things are very much sound. What i would add is never do crypto currency transactions over public wifi and or mobile data. Hackers could get access to your device once you log on to a public wifi. Lastly, if you're holdings are password protected, be sure to change it regularly. These simple measures make wallet security even stronger.
newbie
Activity: 30
Merit: 0
August 21, 2018, 04:18:14 AM
I think yes , wallet security is very important because it is where you put your investment, so as much as possible ,keep your wallet always at safety in order not to lost coins in it.
member
Activity: 322
Merit: 10
August 19, 2018, 06:16:55 PM
Saving bitcoin in a wallet is certainly safe, but I suggest not to rely solely on one wallet, if the wallet is hacked then all of our accounts are lost, dividing bitcoin in many places is certainly better and safer.
I also often share property to many places. And the money in the wallet is special too. Also invest some wallets to store it. Many cases of unforeseen circumstances. Be safe and careful with yourself, will probably achieve the results you want.
member
Activity: 546
Merit: 33
Rasputin Party Mansion
August 19, 2018, 05:06:56 PM
It seems obvious to me that the security of the wallet is everything.
It moves in a new world full of traps, and just a moment of inattention to lose huge numbers.
Warning!
newbie
Activity: 23
Merit: 0
August 19, 2018, 04:50:39 PM

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:

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.

Does Bitcoin really stored in a phone software? I do remember that Bitcoin can be stored in a ledger wallet which is a hardware and not a software. Bitcoin uses a private key which you can access anywhere and that private key is what needs security and not the phone.

Yeah you can download a few apps for that. There's Mycelium, which is somewhat secure. It requires your pin every time you make a transaction, which isn't hard to figure out, but it's better than nothing. I'd keep it just for spending money if I were you and put the rest somewhere more secure, like a cold wallet on an external drive. Just don't lose it.

The phone isn't the best place to keep a lot of money because it can be lost easily. It's better to be used like your wallet, with a weeks worth of spending money and that's it.
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