Safety of your private key - page 9.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

Quote from: Screamshot on September 21, 2018, 12:30:12 PM

Well your wallet is where you keep your coin safe and it always important to protect it
One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
This is for new guys like me

If you're using a wallet based in private key (Myetherwallet, Metamask etc) the safest is to archive with password the file containing your private key and, if course, not to holding it on online platforms (e-mail, google drive etc).

Personally, I'm a big fan of cold wallets. I bought a Ledger Nano S, it has no private key, funds cannot be stolen from here and this is definitely the safest solution existing today. (It costs ~100$, but it worths every single penny

)

ui_zakharchenko

sr. member

Activity: 518

Merit: 325

I keep my private keys on a flash drive, and I gave the flash drive to my lawyer. I think even if they want to find me, I can't give them my money.)

feelideb

full member

Activity: 770

Merit: 101

fLibero.financial

Private key to your wallet is not a matter of discussion, it is practically a no go area! If somebody is initiating discussion into private key, you should know that person is a scam from get go!

JuliaJi

full member

Activity: 896

Merit: 103

also better to keep it out of computer, better to save in flash drive , and when you enter the wallet choose any another way then private key

rickyis786

copper member

Activity: 196

Merit: 0

There is no dought, wallet key is very important to keep your vital information. if you loss then somebody stole your digital currency. so always safe your
private key and protect your digital money.

rumexx

full member

Activity: 476

Merit: 100

Your private key is the key to your bank so guiding jealously and it is not a misplaced priority. The private key is so arranged that once your private key is compromised then the hacker or the thieve has taken over your wallet and can come in any time and goes out anytime. Infact you are no longer the owner of that account. The need to protect your private key is not overemphasized because that is your bank where you keep your fortune. Never give out your private key for any online transaction. There are scammers sending message on the forum about a project that will soon pay, informing their victims a to click a link to finish their registration. Do not click any link.

BillieCrypt

member

Activity: 223

Merit: 10

It is best to select a separate device for working with cryptocurrency wallets, which will be used only for this. It is very easy to do by buying the cheapest smartphone and installing a wallet and two-factor authentication on it.

Lyd

full member

Activity: 420

Merit: 101

I am keeping my coins in a wallet so for sure there is not a risk holding them there as long as only I know where my passwords are and my private key is really private

akram143

full member

Activity: 1106

Merit: 166

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Quote from: StarofBTC on October 25, 2018, 07:16:15 AM

Quote from: GmBoom on October 13, 2018, 09:00:03 PM

Of course, the person that is giving their private key to other users is stupid enough. Make sure to treat your account carefully and if possible, never expose it online.

Possibly, a lot of people do not understand the importance of the word private, which makes it not to be for the public eyes and in short, its safety is totally dependent on you and how you store those private keys.

This is the main reason I always say that rather than putting your private keys in different places, it is always better to at least get a hardware wallet for cold storage as the private key is stored on the device. In that case at least, you have your full control. Also, asides that, you really need to be watchful where you are entering your private keys in most times.

When comparing this to the normal time it will be very very helpful to be safer and good way to make more safer business otherwise it will also be a very good way to do some of the businesses like this that's why I hoping it will be very useful thing for us.

acmakc12

member

Activity: 504

Merit: 19

This is really a problem, I am of the opinion that it is impossible to store all of your assets in one wallet, it is better to have several addresses.

brocardinf

member

Activity: 224

Merit: 10

In the crypto world you are responsible for everything. No one will promise you 100% security, and if they are - it's scammers. Don't trust them.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: cafee_orange on October 25, 2018, 07:46:11 AM

storing Private keys is very important to keep our funds stored, I have lost my ETH in 2017, it's not because my private key is known by my friend, but because I have included my private key one of the phishing websites, so all my funds are lost, Hopefully my experience can you take the lesson.

this happened because of carelessness, and I found many similar cases. I recommend securing your important files on several devices including Google Drive or HDD so that your files are safe.
this must be done regularly.

cafee_orange

full member

Activity: 1036

Merit: 100

storing Private keys is very important to keep our funds stored, I have lost my ETH in 2017, it's not because my private key is known by my friend, but because I have included my private key one of the phishing websites, so all my funds are lost, Hopefully my experience can you take the lesson.

doroshok2

jr. member

Activity: 175

Merit: 1

W12 – Blockchain protocol

Of course, protecting your savings is a very important point. And I only have a few suggestions. Do not keep all your money in one wallet, do not use the same passwords and do not go there very often, only if necessary. But all these are simple tips, and if you are very worried, you can pay for good protection.

StarofBTC

hero member

Activity: 1148

Merit: 528

Quote from: GmBoom on October 13, 2018, 09:00:03 PM

Of course, the person that is giving their private key to other users is stupid enough. Make sure to treat your account carefully and if possible, never expose it online.

Possibly, a lot of people do not understand the importance of the word private, which makes it not to be for the public eyes and in short, its safety is totally dependent on you and how you store those private keys.

This is the main reason I always say that rather than putting your private keys in different places, it is always better to at least get a hardware wallet for cold storage as the private key is stored on the device. In that case at least, you have your full control. Also, asides that, you really need to be watchful where you are entering your private keys in most times.

Cenil

jr. member

Activity: 280

Merit: 1

of course we have to guard our private keys so that no one can steal coins from our wallets, but it is undeniable that hackers are now getting smarter to steal other people's private wallet keys, one example is by phishing usually by manipulating wallet site by creating a site that resembles the wallet site, so it should be more careful and do not just enter our wallet's private key into a less trusted site.

missyqt29

member

Activity: 434

Merit: 10

Quote from: Screamshot on September 21, 2018, 12:30:12 PM

Well your wallet is where you keep your coin safe and it always important to protect it
One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
This is for new guys like me

I recommend you to try out some wallets which have a very good feature like accessing your account even if you are offline, also accessing your accounts through many various ways not just through username and password. My Ether Wallet is a very good wallet which enables you to use JSON file in order to log in to your account which I find the most secure.

glasbren

sr. member

Activity: 658

Merit: 250

Quote from: Screamshot on September 21, 2018, 12:30:12 PM

Well your wallet is where you keep your coin safe and it always important to protect it
One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
This is for new guys like me

Also always check the validity of the sites you access, that are asking about your private key. make sure that is the real sites, just like myetherwallet, cause there are fake websites that are used for phishing, it absolutely will take your fund you keep in the wallet if you enter your private key into a phishing website.

marksayson

jr. member

Activity: 420

Merit: 1

Be sure to store your wallet credentials away from online or from the exposure of internet connections to ensure that there will be no harm coming from your account. Always make sure also not to expose even your ethereum address online to be able to keep confidentiality on your wallet.

UsherClara

newbie

Activity: 34

Merit: 0

Private keys play a central role in verifying these messages, identifying senders and recipients and securing networks. Anyone who knows your private key can steal your funds.Any valid signature bearing will be accepted by the Bitcoin network. At the same time, anyone who owns an individual key can create a valid transaction. These two things being done together mean that someone only knows your private key can steal you. So never give anyone a private key, and remember to install a private key with a strong and unpredictable password.

Topic: Safety of your private key - page 9. (Read 17666 times)