PSA : Remember to always back up your Private key / Seed! - page 2.

cytpoway121

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Quote from: Fallenkeith75 on March 08, 2020, 07:49:07 PM

I know it's cliche, but I wanted to post this for newer people. If you don't control the keys to your wallet, then they aren't really your coin (i.e on exchanges). When you make a new wallet that you intend to keep funds in, please make sure to always backup your wallet seed. It's very important because if something happens (such as a hard drive failure), you will be able to recover your wallet and funds.

I do not think this should be news to anyone.
On myetherwallet, metamask, trust app, coinomi or imtoken, you are always advised and instructed to back up your keys before proceeding.

Either newbie or not, we should be submissive to learning and following instructions

sangjoewara

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Quote from: joseyphil82 on March 09, 2020, 06:17:15 AM

Wallet users can create a specific email address for keeping keys, do not use the email for anything else but for keeping keys only, no Airdrops or bounties and make sure you use tough password and 2FA authentication

Yes, this is a very good suggestion and deserves to be carried out by everyone, especially for those beginners who have never been victims of scammers, I strongly agree with the advice you give, thank you for sharing.

joseyphil82

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Wallet users can create a specific email address for keeping keys, do not use the email for anything else but for keeping keys only, no Airdrops or bounties and make sure you use tough password and 2FA authentication

rahmatullah9305

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Quote from: ?? on ??

A lot of people lost their money due to this. Intresting, how much it from total supply

What supply are you asking about? Don't you understand this topic? because in this topic it explains about reserving a private key for the safety of our own wallet and funds, not about lost supplies, next time please help to better understand the discussion of a topic.

TanakabZX

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Quote from: Fallenkeith75 on March 08, 2020, 07:49:07 PM

I know it's cliche, but I wanted to post this for newer people. If you don't control the keys to your wallet, then they aren't really your coin (i.e on exchanges). When you make a new wallet that you intend to keep funds in, please make sure to always backup your wallet seed. It's very important because if something happens (such as a hard drive failure), you will be able to recover your wallet and funds.

Paper wallet is the best backup for wallets or just find a strong book and write down all your recovery seed, on my part I did this and also crave few recovery seeds on a steel just in case anything happen to the book

Jating

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Quote from: Dart18 on March 08, 2020, 11:48:21 PM

Paper will be your weapon here.
A sheet of paper to be exact.
Me? I have a small notebook near my computer and all seeds, private keys is there.
Another copy is hidden somewhere in my house just for back up in case something bad happens.

That's all. Never save it on your computer also with internet on it. Even in your phones.
If lazy, print it out and keep it somewhere dry and protect with plastic.

If I may add to that, for better security back it up on some places, maybe in your mother's use or get some safety deposit box in a bank.

Also if you back up your private key in your desktop or laptop, you need to encrypt it so that you will add another later of protection.

Another option is to get crypto steel, there's a lot in the market right now.

Crypto_lion

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This is one of the first steps you must do regardless of whether you are using a digital wallet or a hardware wallet like ledger or trazor. Backup your seed in multiple physical locations. If you are paranoid go ahead and encrypt your keys as well when.yoy wrote them down in a piece of paper.

Lhaine

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Quote from: ?? on ??

A lot of people lost their money due to this. Intresting, how much it from total supply

sorry i dont think you are on the topic.

The topic is how to secure your crypto by saving your privatekey and passphrase.

Quote from: jossiel on March 09, 2020, 02:22:14 AM

With the online wallets too, if they don't provide you your keys then it's not yours.

Many still don't understand the simple logic about holding your private keys. They are trusting exchanges more than holding their own coins through having their own keys.

This has always been a reminder on B&H.

i agree there are still maby people preapared to use an exchange as wallet which is actually have a danger using it , like what if that exchange hacked your stored can also be stolen.

leea-1334

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Quote from: Fallenkeith75 on March 08, 2020, 07:49:07 PM

I know it's cliche, but I wanted to post this for newer people. If you don't control the keys to your wallet, then they aren't really your coin (i.e on exchanges). When you make a new wallet that you intend to keep funds in, please make sure to always backup your wallet seed. It's very important because if something happens (such as a hard drive failure), you will be able to recover your wallet and funds.

Especially when you have to renew your wallet (like I did when I upgraded to Segwit) and then I will have to do it again one of these days when I need to upgrade to native Segwit (I will once new wallet systems also do it for exchanges and all other services).

You do not want a situation where your new wallet cannot even import old formats.

jossiel

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With the online wallets too, if they don't provide you your keys then it's not yours.

Many still don't understand the simple logic about holding your private keys. They are trusting exchanges more than holding their own coins through having their own keys.

This has always been a reminder on B&H.

minairia3

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Quote from: Fallenkeith75 on March 08, 2020, 07:49:07 PM

I know it's cliche, but I wanted to post this for newer people. If you don't control the keys to your wallet, then they aren't really your coin (i.e on exchanges). When you make a new wallet that you intend to keep funds in, please make sure to always backup your wallet seed. It's very important because if something happens (such as a hard drive failure), you will be able to recover your wallet and funds.

I think this advise should be on Beginners and Help Section OP. This is nice reminder but you should always be wary on which section you will post. This section is for altcoins discussion and anything related about it. Its also related since you are talking about private keys and wallets but there is a room for that topic. Please move this, the move topic is on the lower end of the page.

Quote from: Dart18 on March 08, 2020, 11:48:21 PM

Paper will be your weapon here.
A sheet of paper to be exact.
Me? I have a small notebook near my computer and all seeds, private keys is there.
Another copy is hidden somewhere in my house just for back up in case something bad happens.

Now I know where is your located haha. Dont mentioned these things, robbers can think of it as a hint. They only need to know your location. Sensitive info such as this should be on your own self only.

Yogee

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Dart18, I can understand that you are only trying to give us some idea but do you really need to mention where you keep your private keys and seeds? That is also a dangerous thing to do and I hope that no one in this forum knows your real identity.

Dart18

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Paper will be your weapon here.
A sheet of paper to be exact.
Me? I have a small notebook near my computer and all seeds, private keys is there.
Another copy is hidden somewhere in my house just for back up in case something bad happens.

That's all. Never save it on your computer also with internet on it. Even in your phones.
If lazy, print it out and keep it somewhere dry and protect with plastic.

Rodeo02

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Quote from: Fallenkeith75 on March 08, 2020, 07:49:07 PM

I know it's cliche, but I wanted to post this for newer people. If you don't control the keys to your wallet, then they aren't really your coin (i.e on exchanges). When you make a new wallet that you intend to keep funds in, please make sure to always backup your wallet seed. It's very important because if something happens (such as a hard drive failure), you will be able to recover your wallet and funds.

I think many member here know this so no need to explain it unless they are the one who asked that need suggestion .

And this thread will not always be on the top so there is no way they can read this thread always.

Its much more easier for them if they search it on google since there are many suggestions given there how to secured and what wallet is more secure to use

Fallenkeith75

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Hi Crypto Friends :)

I know it's cliche, but I wanted to post this for newer people. If you don't control the keys to your wallet, then they aren't really your coin (i.e on exchanges). When you make a new wallet that you intend to keep funds in, please make sure to always backup your wallet seed. It's very important because if something happens (such as a hard drive failure), you will be able to recover your wallet and funds.

Topic: PSA : Remember to always back up your Private key / Seed! - page 2. (Read 291 times)