I`m just trying to not to keep over $1,500 on a single wallet, so that it will not be interesting high for the hackers, so. If they will hack one of my wallets then - I will be still living on the same.
using lots of wallets is certainly much better to avoid robberies that make you lose all your money, but make sure that you remember all the passwords and save all the private keys for backup. I also use many wallets for several functions. such as hardware wallet for long-term saving, online wallet for spending at any time. 
Topic: Security issues relating to Private Keys storage (Read 652 times)
I have all private keys, seeds and passwords to all my wallets on paper.
I also have them on an encrypted USB drive. These were created on an
old laptop which was destroyed after creating the files.
(The laptop was end of life and didnt connect to the internet)
Keeping sensitive material in the cloud is a major risk.
I also have them on an encrypted USB drive. These were created on an
old laptop which was destroyed after creating the files.
(The laptop was end of life and didnt connect to the internet)
Keeping sensitive material in the cloud is a major risk.
I'd think durable thumb drives are best in keeoing your access to your wallets. Consequently, i think that isinf the cloud to keep access are ok so long as you need somesort of password to get in plus the access such as JSON files or whatnot. I think that i saw it here in the forum that banks offer such services though.
Everything can be stolen, including your wallet. No one can stand a 100% guarantee that your wallet will be safe. So, you are the person who protects your wallet, in my experience, you should use cold wallets, because no one can access except you.
Well, I honestly don't believe in the security of cloud storage platforms, like google drive. I trust my pen and paper better than these storage platforms, since the secret keys are still stored online. Though it's true that nothing is unhackable in this crypto realm, even these online and offline wallets, this doesn't necessarily mean we won't take extra precaution. If you have large amount of crypto to store, it's best to get yourself a cold storage wallet like Trezor and Ledger with high security features, where you can generate private keys offline. This minimizes the risk of hacking amplified when connected to the internet. Thse are quite pricey, but the safest of all, so far. If you don't have the money to acquire one, make sure you generate addresses with private keys from a legit online wallet website, and be cautious to enter your private key in any phishing site. And remember also to always have a hard copy of your private keys stored in a safe place for your safekeeping.
Well everything is hackable. There is no promise guaranteed 100% safe whichever wallet you have but some choose their valued cryptocurrencies stored in a cold wallet. This way no body can access your wallet but only you.
I agree. Therefore, since you should not trust anyone or even the system and the program to safeguard your account, which holds a user's coins. Then, such person must safeguard the integrity of his wallet address by way of cautiously opening it, especially when out in the public. When doing crypto-currency related activities to public computer hubs, then he must avoid, as much as possible, logging in his wallet to avoid the keys being hacked or key-logged. Also, in terms of keeping the address and information, he should not keep it online where it could be readily hack-able by those shady characters.
Well everything is hackable. There is no promise guaranteed 100% safe whichever wallet you have but some choose their valued cryptocurrencies stored in a cold wallet. This way no body can access your wallet but only you.
I have not yet heard about a cold wallet, I only know is our digital wallet. If Cold wallet really exist then just like digitsl wallet it is prone to hacker because in this year hacker knowledge is unlimited in ideas and they have their ways to explore inside the internet. If I were choose between cold wallet and digital I still choose digital wallet because it is convenient for me to used it.
To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.
I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
I though that you mostly will need to worry about all those stuffs when you’re making use of a private wallet that stores on your device, but that’s not true. And those that are making use of Google drive to store their private keys are taking a big risk if their Google account is hacked, information can be stolen and used to also get to their wallet. I will advise anyone to better make use of paper to write down their private keys and keep it somewhere safe. I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
I probed to save a private key wallet by storing it in the cloud Google Drive and Flashdisk. And every time I open or check the contents of my wallet, I use metamask. Because the wallet that I use is Ethereum wallet.
To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.
I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
That is wrong, very wrong. I don't know if I'm going to make fun of you because you didn't do your own research on how to backup privatekeys or believed that you are a newbie in the world of crypto. Personally, for my privatekeys I wrote it down on a piece of paper and make a lot of back up copies. I store the copies on different places not just in my home but somewhere else. But if you have tons of bitcoins I would suggest to really get a good hardware wallet such as Trevor or Nano S to protect your assets.
To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.
I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
my advised is just save it into your safety notes like in your fb or try to print it and try to copy this like 2 or 3 its more good to sure than to copy it 1 time because we will not know if one day your private key will stole or it will gone so be careful always save it into safety store. I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
Yep storing your private keys on a keystore, json file, seed word, other mnemonic phrases is actually bad because it can be stolen through MITM or man in the middle attack. This happens when the attacker has manage to get into your network and sniff all your data from that network. I've heard that a cold storage is much safer.
When creativity produces electronic technology for human life, the benefits in life. Personal information is taboo in today's life, it is the image of people. That is their legal basis in life, but to steal information to do bad things are not good. Once they have access to their personal information, acts of piracy and possession of property should be punished under the law. They should not exist, harm the community. the best way of storing your bitcoins is always going to be cold storage on a paper, metal,... something physical. i don't even like hardware wallets because it is not 100% cold.
when it comes to storing it in the "cloud" then there are ways of reducing the risks of losing your funds. it still is not the best method but it is used. the obvious thing is to encrypt it with a strong encryption method and a strong password. for example a 20 character long password with AES-256 encryption. additionally you can always split it into multiple pieces and encrypt each piece separately and store them on different cloud services.
The security security is not currently an absolute because the export out of them that has many problems to comment. When security to be carefuled security security, no duplicate with personal information, very easy detected. Encryption special characters and breaking the networking connection of account hack account. when it comes to storing it in the "cloud" then there are ways of reducing the risks of losing your funds. it still is not the best method but it is used. the obvious thing is to encrypt it with a strong encryption method and a strong password. for example a 20 character long password with AES-256 encryption. additionally you can always split it into multiple pieces and encrypt each piece separately and store them on different cloud services.
I`m just trying to not to keep over $1,500 on a single wallet, so that it will not be interesting high for the hackers, so. If they will hack one of my wallets then - I will be still living on the same.
My advice, keep your private key in various places and do not combine Walled address with private key, separate them to save them.
Save your private key in 3 different places, eg in Email, WhatsApps and print on paper. that's what i do, you can try it if you want
Whatsapp and email are vulnerable to hack. I also have fear in the discussion thread cause even the hackers on the forum are reading this Save your private key in 3 different places, eg in Email, WhatsApps and print on paper. that's what i do, you can try it if you want
Everything is hackable but... if you're using a cloud storage with a good password and 2FA authentication, you should be enough safe.
I also suggest to use an hardware wallet
I also suggest to use an hardware wallet
almost all digital platforms are prone to hacking, especially cloud drives, yeah, it was a bad idea to save your passwords and keys, who would actually do that nowadays? if there are some guys who still doing it, better thinks twice, even cellphone cameras are hackable, what more if you store all your important keys on a cloud drive, i think the simplest way to store is the basic one, write it on a piece of paper, get a vault and put the paper in it, as simply as that, i think it is more safer, just bear the long characters or mnemonic keys.
Try not to store private keys (seed phrase) in cloud storage, it is very likely that these data will be visible to other people.
If this happens, then you need to at least split the Seed phrase into two parts and archive them with a password. Thus, you minimize the risks of theft of your funds.
If this happens, then you need to at least split the Seed phrase into two parts and archive them with a password. Thus, you minimize the risks of theft of your funds.
To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.
I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
It would actually be really stupid to store your sensitive private information about your wallet on an online cloud storage. The chance of your account getting hacked is extremely high, so it is quite unsafe. The best way to write down all the information by yourself and make multiple copy of it. Store it somewhere safe which will not be possible by other people to reach. Even storing on any kind of hardware is also risky since the electronics tend to wear out as time goes by. I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.
Thank You!
I always believe that storing private keys in any software is always prone to unathorized access just like the OP said. Even storing it in your mobile have the risk of misplacing or lossing your phone. Even if you set the strongest pin, it will always bother you.
In my opinion, just like everybody said. Storing it in a paper wallet is the best way to get rid of the hackers or unauthorized access from random people. Keep that piece of paper where it cannot be harmed by all natural disasters, or you can store it in a storage box.
There are still plenty of different ways on how we think of our financial security, we just have our own views and decision that we make.
In my opinion, just like everybody said. Storing it in a paper wallet is the best way to get rid of the hackers or unauthorized access from random people. Keep that piece of paper where it cannot be harmed by all natural disasters, or you can store it in a storage box.
There are still plenty of different ways on how we think of our financial security, we just have our own views and decision that we make.
Jump to: