Topic: Safety of coins (Read 486 times)
I used ledger nano,i see very good
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
ledger nano, and coinomi
I prefer coinomi although it does not have much coins like MEW. MEW to me is too expose to the public. For instance, someone can view your MEW and that could be risky. I also like paper wallet , just for selected coin so that if anything goes wrong, you just losing a coin and not perhaps all your coins as in other wallets.
Don't store all your coins in one single wallet. Try to split and store in different type of wallets. Hardware , Paper , Desktop , Web wallet.
ledger wallet - hardware wallet
Use a hardwallet like Ledger Nano S and Trezor.
If you are a geek, use aBrain Wallet 
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If you are a geek, use a
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You can simply download hi security app.. So you can keep your coin and other apps save and secured from hackers
The safest way to keep Coins is actually keeping them off the internet (Cold Storage ) to prevent them from getting hacked.I would recommend the Legner Nano S as it supports many alt-coins and allow you to keep the private keys to yourselves. As Legner Nano S are unhackable, the only risk of losing your coin is losing the Token itself . Even if you lose Legner Nano S itself ,using a seed phrase you will recover the funds still on another Legner Nano S.
Online wallet is also safe as long as you keep your private key in safe, also do not share any information in your online wallet to other people avoid a leading information for the scammers. But much recommended is hardware wallet or paper wallet you should store your private key in your external as your backup what ever happens in your computer you can easily recover it.
A hardware wallet is safe as long as:
-your computer is safe
-your computer is safe
Doesn't have to be.
In hardware wallets like Trezor and Ledger the private keys are stored in a secure element in an encrypted way. The constants in those applications are stored in a read only section of the secure, encrypted element.
Ultimately you're still trusting a company with your money.
Nope. They are trustless devices. As long as you generate the seeds in a controlled and offline environment, you are pretty much safe.
Not a single entity will be able to crack it.
A hardware wallet is safe as long as:
-your computer is safe
-the original software provided by the manufacturer is clean
Ultimately you're still trusting a company with your money. It's no different than keeping it on a PC because you're trusting Microsoft and Intel in such case and we all know they aren't free of bugs.
Your choice of security depends on the amount of money that you have. A trezor costs $200. You can't expect someone with $1000 worth of cryptocurrency to pay $200 to secure it.
-your computer is safe
-the original software provided by the manufacturer is clean
Ultimately you're still trusting a company with your money. It's no different than keeping it on a PC because you're trusting Microsoft and Intel in such case and we all know they aren't free of bugs.
Your choice of security depends on the amount of money that you have. A trezor costs $200. You can't expect someone with $1000 worth of cryptocurrency to pay $200 to secure it.
Hardware Wallet. I suggest you to use Scan/ clean your computer with any best antivirus program and buy a hardware wallet. It's secure and safe. I use hardware wallet to store my coin.
I would recommend hardware wallet for better safety. For this you can try ledger and trezor. But not all coins sorry support these wallet. For Bitcoin I would like to save in block chain , although it is not safest way. Electrum is good too.
it's an hard task, Hardwarewallet seems to be good as long as we can trust in this peace of hardware. Paperwallets can be backdoored or not working at all and you don't recognize it. A safe Computer is also a good way, with a linux OS.
Could you elaborate on the fact you're telling people that paperwallets can be backdoored or not working at all?
If you use a well vetted paper wallet generator on an clean, offline PC and use bip38 encryption (like it's supposed to be used), i don't see any attack vector at all...
As long as the RNG is ok, there shouldn't be any problems.
As for your claim that a paper wallet might not be working at all: nobody is stopping you from generating a batch of 50 paper wallet, then try to decrypt the private key of an unfunded wallet and try to import it in electrum. If electrum accepts the paper wallet's private key, and the address printed on the paper wallet matches the address shown by electrum, it should work.
An other option is to download a paper wallet generator that also generates testnet paper wallets, then try out the full procedure on the testnet before moving to the main net.
it's an hard task, Hardwarewallet seems to be good as long as we can trust in this peace of hardware. Paperwallets can be backdoored or not working at all and you don't recognize it. A safe Computer is also a good way, with a linux OS.
I think ledger nano s or Trezor wallet is the best but I wallet does not support all coins. So exactly which coins are you want to keep safe?
I am new to crypto and just invested in OUICOIN which is now in ICO and will be on exchange in near June, so i don't think ledger nano s or Trezor will support it.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Hardware wallets are the best choice to keep your bitcoin/ altcoins. They are top secured from hacking, but personally, I see that hardware wallet used when you have a massive amount of bitcoin to keep, for example an amount more than 10 btc, otherwise you can use online wallets, like blockchain, they are secure too if you save your private keys carefully. Thanks
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I use a hardware wallet, Trezor. U can keep your Bitcoin, ETH, Token ERC-20, NEM, LTC, ETC and so on in this wallet. or Ledger Wallet dude.
It's safe and doesn't share your phrase.
I would suggest you to use clean computer with antivirus program. You should buy a hardware wallet and you should just use internet to send your coins to wallet. And that's all. The safest way is that for sure. But if you trade you should use exchange websites. So there is always risk to use exchange websites. You should be careful about protecting your account and details.
If you're concerned about the security then you can opt to use hardware wallet. It is far from possible ro be hacked, just use a clean / virus free comouter to access your hardware wallet.
The bitcoin network has the strong security in the world and every bitcoin's being attacked or stolen was due to human error. With wallet like trezor and ledger you're in good hand but you still need to avoid downloading malicious app or emails.
there are so many wallets in which u can store ur coins but i would recommend u hardware wallet,paper wallet ...and for bitcoins as far as i know blockchain wallet is one of the best in the market to store cryptocurrency.but u should save your personal data like passwords in your mobile phone or tab to avoid risk in case u forget your passwords.
I suggest you to have your fund in the paper wallet or hardware wallet..
I did purchase a ledger nano because I am scared of losing coins. I was initially scared to use, but it is quite easy to manage. You can safely store eth, btc, dash, ltc and I believe more coins will be added eventually. I recommend storing parts of your 20 word backup in different spots.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Protect your computer safely, avoid viruses infiltrate your computer, use anti-virus software that can protect your computer by hackers. And Hardware wallet Paper walle . thanks Thanks
According to me for bitcoin wallet blockchain(dot)com is the best and secure.
It's a web wallet so anything that is in the surface of internet doesn't have an assurance of security but as per mocacinno said if there is/are dev who maintains the whole system properly will make that safe but still don't be confident. I would combine two strategies :
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets. It is important that these paper wallets are created in the most secure method possible, before you store any coins on them. Search for guides on how to create secure paper wallets on this forum, because it has been discussed multiple times on this forum before.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
I'm storing most of my coins on hardware wallet to be specific with nano ledger s. 1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
the safest way is hardware wallet, but it's expensive.
Security isn't expensive if you have more than the price of what you buy, if you find it expensive then shift to paper wallets or if you have an extra laptop install a desktop wallet and use it as real hardware wallet. According to me for bitcoin wallet blockchain(dot)com is the best and secure.
Well, if you really HAVE to go for the most unsecure category of wallets (online wallets and exchanges), blockchain is the most secure of the completely unsecure wallets.
Basically, ANY other kind of wallet that is still supported by a decent dev and run on a clean computer is more secure than an online wallet...
According to me for bitcoin wallet blockchain(dot)com is the best and secure.
Golden rule: avoid storing them on an exchange wallet or any wallet for which the private keys are controlled, kept and known by the wallet provider or operator.
The safest wallet is a wallet which allows no external intrusion of any kind. A safe wallet allows you, the wallet owner, and you alone to know, keep and manage the private keys. It's all about the private keys without which a thief can't steal your coins.
And common sense is just as important as the private keys. Don't send coins to anyone or any exchange without knowing what you're doing and who you are sending the coins to. Even if you have the safest wallet, you can lose your coins if you don't think carefully of the consequences of being negligent. Scammers exploit every weakness they see.
The safest wallet is a wallet which allows no external intrusion of any kind. A safe wallet allows you, the wallet owner, and you alone to know, keep and manage the private keys. It's all about the private keys without which a thief can't steal your coins.
And common sense is just as important as the private keys. Don't send coins to anyone or any exchange without knowing what you're doing and who you are sending the coins to. Even if you have the safest wallet, you can lose your coins if you don't think carefully of the consequences of being negligent. Scammers exploit every weakness they see.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I can prefer you to use hardware wallet. It is safe. I use hardware wallet to store my coin. You can try it.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I suggest you to have your fund in the paper wallet or hardware wallet. If you do not want to buy the trezor or ledger nano still you can keep your fund on the desktop wallets but you have to keep your private key not shared to anyone of the people.
You should have 2FA authentication to keep your wallet secured. Still you are using the online wallet you are in risk and you have to keep logging into the wallet with the correct URL to avoid the individual hack attempt.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
As people above sayed, the safest way is hardware wallet, but it's expensive. The easiest way to me is papper wallet storage. It's safe and cheap and you can tell your parents or relatives how to reddeem your coins, just in case something happens to you. Thank God, no!
If you cannot create a paper wallet, use a desktop one (go to bitcoin.org and choose yours), don't use a online one.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I have some of my coin in Myetherwallet.com. It's secure and safe, just don't lose your private key
you're in the bitcoin subforum... An online wallet like myetherwallet certainly isn't the safest, it's also not for BTC.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I have some of my coin in Myetherwallet.com. It's secure and safe, just don't lose your private key
I would combine two strategies :
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
Would you mind to explain why you would split your funds that way?
OP was asking for the easiest and safest way for storing coins.
IMO the easiest and safest way is to just use a hardware wallet.
A hardware wallet basically combines the pro's of a paper wallet (private keys only known 'to' this one 'device'/paper) with the pros of a desktop wallet (easily accessable, automatically managing addresses, intuitive use).
While it gets rid of the cons of the paper wallet (no address management (change address), non-trivial way of sending funds) and the cons of a desktop wallet (security is based on the security of the host machine).
I really can't think of a way of storing coins which is as secured as a hardware wallet and is even 'easier' to use.
The only difference between a hardware and a desktop wallet in terms of usability is that you have to push a button to confirm the transaction. Can't get much easier than that.
I think you should try hardware wallet. It is best.
I would combine two strategies :
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets. It is important that these paper wallets are created in the most secure method possible, before you store any coins on them. Search for guides on how to create secure paper wallets on this forum, because it has been discussed multiple times on this forum before.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
Safest: airgapped pc, hardware wallet or paper wallet
Easyest: depends on your defenition of "easy".
If you're after a wallet that can easily be generated and is almost free, a paper wallet is number 1. If you don't mind buying hardware and learning how to use your new wallet, a hardware wallet is much easyer for day-to-day usage.
In my opinion, nothing beats an airgapped pc running a non-hd version of core... But in this case, it's always a hassle to spend your funds, and you have to make very regular backups and keep your core version up-to-date...
Easyest: depends on your defenition of "easy".
If you're after a wallet that can easily be generated and is almost free, a paper wallet is number 1. If you don't mind buying hardware and learning how to use your new wallet, a hardware wallet is much easyer for day-to-day usage.
In my opinion, nothing beats an airgapped pc running a non-hd version of core... But in this case, it's always a hassle to spend your funds, and you have to make very regular backups and keep your core version up-to-date...
Hardware wallets are always the safest. Keep them in a safe place.
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Almost all wallet are safe for coins keeping if human error are avoid, you the latest version of equipment and unique password. However, I will advice you to use paper wallet, eidoo, trezor or ledger and eidoo/trezor is the best option for token.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
i'll prefer you Trezor because it is one of the primary movers in the equipment wallet industry and sets the highest quality level for crypto security. Thanks
Assuming your computer is clean and you use an offline paper wallet generator, a paper wallet is surprisingly secure. For a low cost (free), paper wallets are essentially as secure as hardware, assuming they're done correctly. There are however precautions to take such as not printing over a network, clearing your printer memory, ensuring the paper wallet generator is secure and offline, and storage of the wallet.
I think ledger nano s or Trezor wallet is the best but I wallet does not support all coins. So exactly which coins are you want to keep safe?
Hardware wallet would be the best choice in terms of safety.
I recommend ledger nano s or trezor wallet but not all coins are supported but you can use them offline sending coins..
The other wallet that i know until is safe is coinomi but not all coins are supported but most likely well known coins are supported ..
For bitcoin if you wanted to safely save your bitcoins electrum is the best for me for lite version and segwit supported..
I don't recommend to use online wallet or exchanges because its not safe there times that trading site hack or even web wallets..
And always make sure to save private keys of each address you use for future recovery save it somewhere safe in your computer or phone..
I recommend ledger nano s or trezor wallet but not all coins are supported but you can use them offline sending coins..
The other wallet that i know until is safe is coinomi but not all coins are supported but most likely well known coins are supported ..
For bitcoin if you wanted to safely save your bitcoins electrum is the best for me for lite version and segwit supported..
I don't recommend to use online wallet or exchanges because its not safe there times that trading site hack or even web wallets..
And always make sure to save private keys of each address you use for future recovery save it somewhere safe in your computer or phone..
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
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