Is wallet security important to use? - page 4.

Haxor321

sr. member

Activity: 489

Merit: 250

Quote from: Suprex125 on May 13, 2018, 02:51:33 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.

The best idea to avoid theft in the wallet is by picking the right wallet that has a great security which no hacker could open it like blockchain, coinbase, and etc. You can also use hardware wallet like ledger or trezor that has more great security than online wallets because you are the only one who can access on it, you only need is to not forget your private key and misplace it.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Maybe some of your questions have been answered, "security of the wallet", well for that your wallet security is like you are guarding your own house, a person who wants to enter and take your valuable, essentially the house key is safely guarded, never given to others as well asto your wallet wallet so that it cannot be stolen safely, if you can keep it all it is definitely safe for you.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Suprex125 on May 13, 2018, 02:51:33 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.

Wallet security is really important to use because you might lose all of your funds by hackers if you do not have a strong security in your wallet. The best thing to avoid theft in your wallet is by not giving any information to other people or strangers, avoid accessing your account in public, never forget you private keys, and always use wallet that has strong security like hardware wallet like ledger.

Apes

sr. member

Activity: 1316

Merit: 257

more wallet security add the most safest wallet service. this is the first idea are in my mine on the begining chosing wallet service. for some people wallet security are nesesary. but many people lose their fund if dont care about this. Choose the safest wallet service whether it's a software or hardware method and you can safe your fund for long time

Loopper

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Quote from: sclmte on February 24, 2019, 03:27:44 AM

when we use a virtual currency like a wallet, we need to be extra careful, often with a wallet with a private key provided, so we must keep the things that are important to us so that others can not be burdened. And to avoid scams we should not trust much more about the things we take care of.

You must be careful to trust people quickly for now because some people can do anything to benefit them. Do the good thing for the future that you want. I Only trust my close family to say about the wallet key that I have from a new friend

RokokGudangGaram

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for wallet security it is very important because now the hackers are still willing to target our assets, so don't underestimate the security of your wallet if you don't want to regret it later

sclmte

member

Activity: 434

Merit: 10

when we use a virtual currency like a wallet, we need to be extra careful, often with a wallet with a private key provided, so we must keep the things that are important to us so that others can not be burdened. And to avoid scams we should not trust much more about the things we take care of.

Best Dreams

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Quote from: Jesabela04 on February 22, 2019, 10:14:50 AM

I believe yes but the security still depends on us. To make everything sure, we should be mindful of our holdings and think of the best ways to hold it right. There are some instances where unnecessary things happen so we should just choose the safest way to keep our earnings.

It is about holding and for this choosing a wallet, I am going to choose bitcoin to invest and for its security I am not worry at all because there are so many wallets which can keep it safe for me, wallets actually act as security guard to help us for growing our money safely, I prefer using blockchain because it is reliable to use and easy to use at any time whenever it needed.

Babyrica0226

sr. member

Activity: 854

Merit: 252

Yes that's very much important dude, it is same as the key to your house if lost it how can you open it to get your valuable things. Same goes with the wallet too, you need to keep it in a safe place, then you must also have a usb back-up so that you can retrieve any time you want too, if ever there something happen with laptop or desktop.

Jesabela04

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BountyMarketCap

I believe yes but the security still depends on us. To make everything sure, we should be mindful of our holdings and think of the best ways to hold it right. There are some instances where unnecessary things happen so we should just choose the safest way to keep our earnings.

shesheboy

full member

Activity: 714

Merit: 114

The title seems uncorrect . wallet security important to use ? Based on what i understand , we dont need to use to use wallet security . we only use the wallet . wallets security is already their working inside a wallet to protect us from potential threats .

I believe What you are trying to say is ( " do we really need to activate the wallets extra security such as 2fa's and otp " ) its not necesary to activate them but they can add extra protection if you manage to have alot of balance .

aad140386

member

Activity: 420

Merit: 20

simply getting the job done

I believe that the problem of security of the wallets is very undervalued at the moment. A lot of people are already faced with the fact that their money is being stolen, they are losing passwords and so on. So this is when you consider that people keep a small part of the savings in cryptocurrency. And if you imagine that all the money a person will be stored in a cryptocurrency and he will lose it? How will this person continue to exist if he doesn’t even have anything to buy food for? This is a big problem. Crypto-wallets should not only be well protected, but also allow their owners to restore access to wallets in various ways. Otherwise in the future we will face big problems.

zidanw

sr. member

Activity: 1162

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1xbit.com

very important because the case of hacking is very big now and people should understand that they should not be wrong in choosing a wallet. as we know that there are many problematic exchanges and we must be able to carefully store our assets

Daboy_Lyle

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Wallet security is very important. There are many types of wallet like hardware and just a normal wallet. Hardware wallet is more secured than many of the wallets around blockchain. Using 2-FA can also help for the security of the wallets. Mobile wallets can be hacked/broken if we are not seeking for the safety of our wallets.

JohnBitCo

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Quote from: iged_war on February 21, 2019, 02:32:55 AM

Quote from: fauzan Ichsan on February 20, 2019, 11:07:38 PM

Quote from: Btc_1856 on February 20, 2019, 10:50:11 PM

Quote from: PuertoLibre on February 20, 2019, 07:31:44 PM

Quote from: cryptjh on February 20, 2019, 03:54:53 PM

If you hold for a few hundreds of dollars or more of crypto then buy a hardware wallet. And store the bigger coins like Bitcoins on your hardware wallet. Hardware wallet are the saves place you can hold crypto. Keep your password a safe place. Be your own bank. But don't be paranoid, you can hold a few procent of your portfolie on bigger exchanges so you can trade, when you want to.

Having a hot wallet for day trading is good idea, but for a few hundred dollars it is not necessary to buy hardware wallet. As a suggestion, there are other options like paper wallet for storing cryptocurrencies.

Strong in wallets is always very good option but we need to allow them to secure them by taking all steps of security. So we have to store our coins in different wallets by securing them by taking all measure of security which it will surely avoid the people to hack our wallets.

how safe our wallet is, of course, do not put assets in one wallet, because a large exchange with a high level of security can be cracked. therefore by storing it in several wallets it certainly provides more security, besides what you have already explained

saving our asset in several wallet could be solution for us.maybe we could save it in online or offline wallet.but i think save our asset in offline wallet more secure but we have to store this key in save place and must not forget its place.

The most safe way is to use the hardware wallet to store our coins. If we store them in hardware wallet they can never be hacked. Even if the hard ware wallet is stolen or lost, our coins will remain safe as long as the private key of the hardware wallet is not compromised.

Anies_Sandi

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Activity: 700

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Quote from: Loopper on February 21, 2019, 10:04:15 AM

Quote from: incomefromcoins on February 21, 2019, 09:41:13 AM

it is very important to secure our wallet through google authenticator with step 2 verification our wallet is secured from hackers

In this way, there are still many people who can do it if they can access it from the number or cell phone that you registered. There are many ways that hacker takes something valuable from you.

That's right and I also use the Google Authenticator for the security of my wallet because it's very important, because now there are lots of hackers in the crypto world

Loopper

full member

Activity: 616

Merit: 100

Quote from: incomefromcoins on February 21, 2019, 09:41:13 AM

it is very important to secure our wallet through google authenticator with step 2 verification our wallet is secured from hackers

In this way, there are still many people who can do it if they can access it from the number or cell phone that you registered. There are many ways that hacker takes something valuable from you.

kattokassinen

full member

Activity: 169

Merit: 100

Continuously be cautious and alarm. the main time I've lost crypto was through bitcoin however that was out of hands. A few people can truly be careless securing their private key overlooking that that is every one of the an individual needs and your assets are no more. Definitley read up on most recent sec and encryption news to figure out how best to secure yourself.

incomefromcoins

jr. member

Activity: 336

Merit: 1

it is very important to secure our wallet through google authenticator with step 2 verification our wallet is secured from hackers

iged_war

sr. member

Activity: 882

Merit: 250

Quote from: fauzan Ichsan on February 20, 2019, 11:07:38 PM

Quote from: Btc_1856 on February 20, 2019, 10:50:11 PM

Quote from: PuertoLibre on February 20, 2019, 07:31:44 PM

Quote from: cryptjh on February 20, 2019, 03:54:53 PM

If you hold for a few hundreds of dollars or more of crypto then buy a hardware wallet. And store the bigger coins like Bitcoins on your hardware wallet. Hardware wallet are the saves place you can hold crypto. Keep your password a safe place. Be your own bank. But don't be paranoid, you can hold a few procent of your portfolie on bigger exchanges so you can trade, when you want to.

Having a hot wallet for day trading is good idea, but for a few hundred dollars it is not necessary to buy hardware wallet. As a suggestion, there are other options like paper wallet for storing cryptocurrencies.

Strong in wallets is always very good option but we need to allow them to secure them by taking all steps of security. So we have to store our coins in different wallets by securing them by taking all measure of security which it will surely avoid the people to hack our wallets.

how safe our wallet is, of course, do not put assets in one wallet, because a large exchange with a high level of security can be cracked. therefore by storing it in several wallets it certainly provides more security, besides what you have already explained

saving our asset in several wallet could be solution for us.maybe we could save it in online or offline wallet.but i think save our asset in offline wallet more secure but we have to store this key in save place and must not forget its place.

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