Is wallet security important to use? - page 8.

jonsky05

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Quote from: Marrionbitcoin on May 13, 2018, 10:19:25 AM

Quote from: Suprex125 on May 13, 2018, 03:51:33 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.

Of course, we need to secure our Bitcoin wallet from hacker so we really need to install security application for the protection and safety of our investments.
You may try google authenticator that requires additional random passwords provided by that apps and it changes from time to time.

Yes it's true you can use authenticator so your funds will be more safe and always be vigilant at all times when you go wrong links or anything not familiar to you dont grab it because hackers is very smart.

phelbaby

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Activity: 434

Merit: 10

It is best to choose a secured wallet because once a wallet is hacked or you lost you private key your wallet is render useless,in which best way you can, secure your wallet.

yvesp110

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Quote from: eroejoe on December 22, 2018, 07:56:45 AM

Quote from: noormcs5 on December 22, 2018, 07:52:22 AM

Quote from: BigTeeths on November 21, 2018, 09:05:55 PM

All of your cryptocurrencies depends on the strength of the security of your wallet so yours is easy to bypass then expect it to be hacked easily. Everyone that wants to venture on this kind of market should know first on how important securing using your assets first.

No matter how good are you at trading, no matter how high the coins value becomes if we are unable to secure our wallets from hackers then hackers can exploit this anytime and steal our coins. I think wallet security should be number one priority if anyone wants to invest in bitcoins.

I agree with you that wallet security is one of the most important thing in crypto space, especially saving private key in cold storage.

Indeed it is our own duty to keep our investment safe and thanks to the organization that they provide us safe and useful wallets which is unhackable until we share our private key with other people. After the invention of hardware software wallets specially block chain wallet we can save our bitcoin for years without any kind of fear.

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

We can see it is a "wallet" which means a place to store personal funds. So all types and types of wallets need good security if you don't want to lose the funds that you keep in a wallet. Obviously I don't think there will be anyone who wants to lose the money they have saved in the wallet just because of its very low security.

arifteguhr

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Of course wallet security is very important. because the wallet is an asset for us to be able to access the cryptocurrency and if this is a problem it will certainly make our assets not feel safe

Moshaid

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Security is of the key fundamental any investor joining any business most consider. I think security wallet is necessary in crypto yet user now has to be extra careful to avoid their wallet being tempered and should ensure back up in an offline safe.

KrisAlex18

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Activity: 742

Merit: 160

Quote from: Suprex125 on May 13, 2018, 03:51:33 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 should be one of your main priority because if you do not have it, all of your investments will be at risk. There are a lot of hackers everywhere and seeing someone being careless makes them more excited specially if that person has a lot of money. If you really want to be successful, you should be careful in everything you will be doing.

Jose Rizal

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Activity: 273

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Quote from: Suprex125 on May 13, 2018, 03:51:33 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.

When it comes to Wallet security, I think the better digital wallet that you should used is protected and legitimately encourage by the government, since with this we can say that anonymity and your personal data is protected by the possible thieves that we may not encounter physically but digitally present and ready to grab any possible opportunity to fool and scam people.

eroejoe

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Quote from: noormcs5 on December 22, 2018, 07:52:22 AM

Quote from: BigTeeths on November 21, 2018, 09:05:55 PM

All of your cryptocurrencies depends on the strength of the security of your wallet so yours is easy to bypass then expect it to be hacked easily. Everyone that wants to venture on this kind of market should know first on how important securing using your assets first.

No matter how good are you at trading, no matter how high the coins value becomes if we are unable to secure our wallets from hackers then hackers can exploit this anytime and steal our coins. I think wallet security should be number one priority if anyone wants to invest in bitcoins.

I agree with you that wallet security is one of the most important thing in crypto space, especially saving private key in cold storage.

noormcs5

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Activity: 2758

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Quote from: BigTeeths on November 21, 2018, 09:05:55 PM

All of your cryptocurrencies depends on the strength of the security of your wallet so yours is easy to bypass then expect it to be hacked easily. Everyone that wants to venture on this kind of market should know first on how important securing using your assets first.

No matter how good are you at trading, no matter how high the coins value becomes if we are unable to secure our wallets from hackers then hackers can exploit this anytime and steal our coins. I think wallet security should be number one priority if anyone wants to invest in bitcoins.

wewe123

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Activity: 322

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Yes ,wallet security is important to use , this is to ensure that the wallet will be safe ,and your coins in your wallet will be safe from any untoward incidents like coin being hacked from the wallet, so if there are another additionsl safety and security for your wallet then that could be most better protection of your investments.

jcarlo

member

Activity: 798

Merit: 10

Quote from: BigTeeths on November 21, 2018, 09:05:55 PM

All of your cryptocurrencies depends on the strength of the security of your wallet so yours is easy to bypass then expect it to be hacked easily. Everyone that wants to venture on this kind of market should know first on how important securing using your assets first.

Its true, we should secure our own wallet because hackers always want to hack our wallet. Keeping safe our private key and not share it to anyone is good alternative to secure our wallet but if we want more secure our wallet, using hardwallet is good option

wahyu wida

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Activity: 826

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Quote from: basyang on December 21, 2018, 08:00:29 PM

Quote from: Viranz on June 29, 2018, 10:11:47 PM

It is very necessary because the wallet that we use is a place to store something valuable and you will not want the wallet is hacked is not it? You better look for a good wallet and secure security, and that is not complicated to use. I mean you understand with the wallet.

Yes. you have to look for a wallet that is safe to used and it is very convenient. Wallet is one of our needs in this industry it is important to have a good, safe and trustworthy wallet because you will store your earning to it and all of your hardwork will payoff once you see your wallet earnings. It is very important to have a password and private keys to your wallet so that you have a privacy to your account.

the main step that must be secured is the wallet to save our investment. there are several features to provide a double key to our wallet, making it safer, and we can use it

basyang

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Activity: 644

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Quote from: Viranz on June 29, 2018, 10:11:47 PM

It is very necessary because the wallet that we use is a place to store something valuable and you will not want the wallet is hacked is not it? You better look for a good wallet and secure security, and that is not complicated to use. I mean you understand with the wallet.

Yes. you have to look for a wallet that is safe to used and it is very convenient. Wallet is one of our needs in this industry it is important to have a good, safe and trustworthy wallet because you will store your earning to it and all of your hardwork will payoff once you see your wallet earnings. It is very important to have a password and private keys to your wallet so that you have a privacy to your account.

mornabo

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Quote from: Renampun on November 21, 2018, 06:17:26 PM

don't underestimate the security of the wallet, wallet security is the number one, if we do not secure our wallet then all the assets we have will be lost stolen. I use all levels of security provided by the wallet, starting from Google Authenticator, email authenticator and sms authenticator..

You will realize how important wallet security is when you experience a loss because your wallet get hacked, many people experience it because they don't take their wallet security seriously, even though there are many hacking techniques that can be done, and if you don't secure your wallet like using 2fa, of course your wallet will be prone to being broken

wingsthegreat21

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Activity: 87

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For me I think that its essentially correct and yes we should have always use the wallet security if you don't want to lose money and take risks and for me it is much easier and safer to use than using any other way to protect your money/profits.

jatin729

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Yes sure it is like your savings account. You have to use all security features which are recommended i.e. Backup phrase, private key, 2 factor Authentication. That will really help you keep safe your Crypto currency. I would like give an example of blockhain.info security feature. They offer email 2 FA authentication. when you go to login account you have to verify your IP address for the same.

Blinker123

member

Activity: 364

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Quote from: Suprex125 on May 13, 2018, 03:51:33 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.

Ofcourse security access to your wallet is so important because it will not be hacked easily and it will be more secured and safe if it's have a security. And when you lost your private key you can also use some phrase that is given to open your wallet.

BigTeeths

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All of your cryptocurrencies depends on the strength of the security of your wallet so yours is easy to bypass then expect it to be hacked easily. Everyone that wants to venture on this kind of market should know first on how important securing using your assets first.

Renampun

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Activity: 2338

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don't underestimate the security of the wallet, wallet security is the number one, if we do not secure our wallet then all the assets we have will be lost stolen. I use all levels of security provided by the wallet, starting from Google Authenticator, email authenticator and sms authenticator..

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