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Topic: Safety of wallets - page 2. (Read 785 times)

legendary
Activity: 2758
Merit: 6830
September 10, 2017, 10:59:17 AM
#4
You don't have to worry about connecting your hardware wallet into a infected device because they are made to let you do that. Your private keys will never leave the hardware wallet since and all the proccess from signing your transaction is made inside the device.

The Trezor/Ledger wallet software used to "manage" your wallet is just a client to prepare transactions and send them to the hardware wallet, where the transaction will be signed and sent back to get broadcasted. This is just like a normal cold storage that has a online watch-only wallet and an offline wallet that will never be connected to the internet and it's responsible for signing your transactions.
legendary
Activity: 4466
Merit: 3391
September 10, 2017, 10:46:42 AM
#3
How do you take care of your cryptocurrencies not being stolen?

Most of us know that keeping your funds on exchanges isn't safe by any means. Now online wallets that you can access via web browser or even smartphone aren't safest as well. Hardware wallets can be probably hacked (although you can encrypt the wallet.dat file, is that enough for hackers to not stole your money?).

The best way to keep cryptocurrencies is physical wallet like Trezor / Ledger Nano S. But if you connect them to your PC are you surely safe? Let's say that your PC is infected with some sort of malware that's focusing on stoling your private key or something like that. Are you still safe?
Even your wi-fi can be compromised and infect your devices connected to the network.

I want to secure my funds, so what is the best way to make sure your cryptocurrencies are safe and sound?

The safest wallets against theft are hardware wallets such as Trezor, KeepKey, Ledger, etc. You can use them on an infected computer because they never reveal their private keys and they ask you to verify the address that you are sending to.
legendary
Activity: 1946
Merit: 1427
September 10, 2017, 09:08:49 AM
#2
How do you take care of your cryptocurrencies not being stolen?

Most of us know that keeping your funds on exchanges isn't safe by any means. Now online wallets that you can access via web browser or even smartphone aren't safest as well. Hardware wallets can be probably hacked (although you can encrypt the wallet.dat file, is that enough for hackers to not stole your money?).

The best way to keep cryptocurrencies is physical wallet like Trezor / Ledger Nano S. But if you connect them to your PC are you surely safe? Let's say that your PC is infected with some sort of malware that's focusing on stoling your private key or something like that. Are you still safe?
Even your wi-fi can be compromised and infect your devices connected to the network.

I want to secure my funds, so what is the best way to make sure your cryptocurrencies are safe and sound?

The best way is to keep them stored offline, on a paper, but then again, one tornado, one flood, one burglary, and your bitcoin might be gone..

However for alot of people this isn't something they want, as your funds are pretty much inaccessible.

You need to find a balance between Security & Convenience.

Also, even if your wifi gets hacked, it shouldn't result in the loss of coins. I'm pretty sure most data is heavily encrypted, don't quote me on that though.



newbie
Activity: 42
Merit: 0
September 10, 2017, 08:00:57 AM
#1
How do you take care of your cryptocurrencies not being stolen?

Most of us know that keeping your funds on exchanges isn't safe by any means. Now online wallets that you can access via web browser or even smartphone aren't safest as well. Hardware wallets can be probably hacked (although you can encrypt the wallet.dat file, is that enough for hackers to not stole your money?).

The best way to keep cryptocurrencies is physical wallet like Trezor / Ledger Nano S. But if you connect them to your PC are you surely safe? Let's say that your PC is infected with some sort of malware that's focusing on stoling your private key or something like that. Are you still safe?
Even your wi-fi can be compromised and infect your devices connected to the network.

I want to secure my funds, so what is the best way to make sure your cryptocurrencies are safe and sound?
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