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Topic: Secure your private keys - page 2. (Read 423 times)

legendary
Activity: 3584
Merit: 5243
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August 11, 2021, 05:49:33 AM
#7
Ouch... That's really painful to read... Really...
@OP: i'm not going to point out what's wrong with your post (albeit, i guess over 50% of the sentences are plain wrong, or make no sense at all), but instead i'm going to give you some advice: start by learning before making posts like these.

There is no shame in asking us some questions, like "is it a good idea to save my private key/seed phrase in an e-mail". To which we would have answered: I've seen loads of people getting robbed simply because they saved their key in an e-mail, dropbox,... basically any online service.

But you seem to be confused about the basic principles aswell, really, start by asking questions, there's no shame in not understanding stuff like this, so there is no shame in reading up on it, and asking us questions about the topics you don't get (after DYOR)... We'll probably jump right in and set you on the right track if you ask questions, but if you make "helpful" posts giving bad advice, people will jump in to scrutinize what you've said, and next to giving bad advice, you will not have learnt a lot.
legendary
Activity: 2436
Merit: 1104
August 11, 2021, 05:42:36 AM
#6
— Save your private keys in a reliable source like mails, to avoid lost of gadgets because mail can be accessed in different devices.
I wrote mine in a notebook. it's a great technology to save things that you think you might forget and can be easily hidden to the prying eyes. you don't even have to worry about it being hacked. and if you are worried about it being destroyed or lost make multiple copies and store them in a safe place  Wink . saving my seed phrase on an email is one of the worst things a person can do to secure their wallet.
legendary
Activity: 2968
Merit: 3406
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August 11, 2021, 05:35:06 AM
#5
— Have backups for your wallets as well for your assets by sharing your tokens into different wallets to avoid losing all at once as the case may be
I'm also a bit confused [like @Charles-Tim] with some of the things you've mentioned earlier, but I still wouldn't label the above line as a "proper" backup. By doing that, you'll be putting a big portion of it at a higher risk. In other words, you're just adding another problem to an existing one.
legendary
Activity: 1904
Merit: 1563
August 11, 2021, 05:09:05 AM
#4
Tokens and coins, unlike public keys, are used to identify users and allow them to send and receive messages.
What you are referring to is the addresses that has been derived from the public keys using "one-way cryptographic hash" function. This will then create an address that will serve as a "recipient" when someone sends you some bitcoin.

Quote
Save your private keys in a reliable source like mails, to avoid lost of gadgets because mail can be accessed in different devices.
This is extremely a bad advice, especially as most newbies here make the same mistake of storing their seed phrases online. It must be stored offline, not online, such as in e-mails or cloud storage. A pen and paper should be your best bet when storing seed phrases.

I believe it would be better to seek clarification here first before starting a thread that could spread misinformation.
legendary
Activity: 1512
Merit: 4795
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August 11, 2021, 03:13:29 AM
#3
Using seed phrase would be better for this, almost all wallets now are HD wallets.

Private keys are a type of security code that serves as a guide.
Guide for what? I think you need to correct this.

Tokens and coins, unlike public keys, are used to identify users and allow them to send and receive messages.
I do not get this too, which message? This needs correction.

Private keys are extremely crucial, as any loss of the key results in the loss of any funds or tokens in cryptocurrency wallets.
Yes, if lost, it can lead to loss of funds, but Bitcoin is not stored on wallet

Have backups for your wallets as well for your assets by sharing your tokens into different wallets to avoid losing all at once as the case may be
Tokens into different wallet? Yes a good idea though. You can make use of cold wallet like hardware wallet and be safe. You can make use of Multisig and be safe. But still better if you think not leaving your funds on a single wallet.

Save your private keys in a reliable source like mails, to avoid lost of gadgets because mail can be accessed in different devices.
Email that can be hacked, anything online is not safe. Offline backup is the best.
legendary
Activity: 3668
Merit: 6382
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August 11, 2021, 03:02:56 AM
#2
— Save your private keys in a reliable source like mails, to avoid lost of gadgets because mail can be accessed in different devices.

First of all, modern wallets are HD wallets and one can just save the seed (12 or 24 words, usually) much easier.
Second, a properly saved seed or private key should be done offline. Clearly not in e-mails, Dropbox and such. You people don't understand that if you save something in e-mail or cloud you put it on other company's HDD, where they can access it. If an employee will see that, he can easily steal your coins without any trace at all.

So please edit and fix your "advises".
member
Activity: 742
Merit: 30
August 11, 2021, 02:57:59 AM
#1
Private keys are a type of security code that serves as a guide. The keys are represented by a series of alphanumeric characters, making them difficult to memorize and hack. Private keys are used in cryptocurrency to secure wallets, avoid being hacked by hackers, and ensure that our valuables are safe.
Private keys are extremely crucial, as any loss of the key results in the loss of any funds or tokens in cryptocurrency wallets. As a result, you must ensure that your private keys are safe and secure in order to protect your assets. Here are some general guidelines for storing and protecting your private keys.
— Use a very strong password for your wallets
— Have backups for your wallets as well for your assets by sharing your tokens into different wallets to avoid losing all at once as the case may be
— Save your private keys offline


Therefore private keys are very important let's do well to secure our assets by keeping our private keys safe, to avoid lose of access.
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