wallet securing !! - page 2. | Bitcointalksearch.org

Bitcoinsummoner

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Quote from: whotookmycrypto on February 13, 2019, 10:38:34 AM

Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

Hi bellington, we wrote a guide on cryptocurrency wallet security. Hope this helps you out and do let us know if you have any comments. Thanks.

It is a good article for the newcomer on cryptocurrency market and also I want to say it is same helpful to old people too as it is helpful to new comer on crypto market.

emulsifryer

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Quote from: whotookmycrypto on February 13, 2019, 10:38:34 AM

Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

Hi bellington, we wrote a guide on cryptocurrency wallet security. Hope this helps you out and do let us know if you have any comments. Thanks.

This could be useful for those who are confused on how to have a cryptocurrency wallet security and if it is really reliable.

whotookmycrypto

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Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

Hi bellington, we wrote a guide on cryptocurrency wallet security. Hope this helps you out and do let us know if you have any comments. Thanks.

Bitcoinsummoner

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Quote from: BTC4theFUTURE on February 04, 2019, 08:51:45 AM

Hardware wallet. Best combination of security and convenience. Just make sure you buy direct from the manufacturer.

As crypto wallet is our own bank we should make secure on our own way as we cant take help from others like physical bank. We should make it secure as much as possible and also we should keep track all the required information without any error. If we miss something then we may loss all of our fund.

whotookmycrypto

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is it enough to keep precautions that we do for internet banking or is there any other things we need to consider for securing wallet

No it isn't. In crypto, you are your own bank. You can't just use the precautions that your bank imposes on you eg. 2FA and translate that into the crypto world.

Since you are now the bank, you need to decide how to protect your own funds.

Example: storing of recovery seeds. If you misplace the pin to your banking accounts in traditional banking environments, no problemo, just call the help desk to assist you.

This help desk does not exist in the crypto world. What do you then need to do? You need to make backups of your seed yourself. You also assume responsibility for deciding where to store them (basement, bank vault, friends house) and a whole host of other stuff.

Bitcoinsummoner

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Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

There are few types of wallet but among them hardware wallet is more safe than any other wallet. And secured wallet doesn't depend on transaction fees.

BTC4theFUTURE

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Hardware wallet. Best combination of security and convenience. Just make sure you buy direct from the manufacturer.

kakonhat

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Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

Secure wallet depends on you how much you conscious to save your private key. Transaction depends on the transaction network. To get secure wallet you must store your private key in a safe place, you could choose hardware wallets like as Ledger Nano S or X.

pacman7331

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Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??

The most secure wallet is hardwallets! There is no secure wallet except them. A hardware wallet doesn't cost a high amount of money, so, I think you should buy a hardware to live a safe crypto life. Though Myetherwallet is making some big changes to secure their wallet very much, hardware wallets always the boss. By buying a hardware wallet, you can store more than 500 crypto coins!

Quote from: bellington on October 26, 2018, 10:11:58 AM

is the secure of the wallet depending on transaction fees ??

No, it doesn't.

Coinraptor

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No buddy secure of the wallet doesn't depend on transaction fees. There are various types of wallets in the market but the best secure wallet is none other than hardware wallet which can provide you the best security for wallet safety but it is a little bit costly but the best performer.

nickvesion

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Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

No, you're wrong. The secure of the wallet don't depend on transaction fee. Transaction can affect to the the security system.

bob123

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is it enough to keep precautions that we do for internet banking or is there any other things we need to consider for securing wallet

If someone gains access to your internet banking, you can easily revert all the damage they did by calling your bank.

This is not the case with crypto currencies. So a higher level of security is definitely needed.

You should not store amounts you are not willing to lose on a machine which is connected to the internet (no web wallet, mobile wallet, desktop wallet).
For higher amounts use either a hardware wallet, paper wallet or an air-gapped storage on a dedicated device.

Also, don't forget one of the most important things: Common sense.
I believe more people lose their coins trough scams and shady 'investments' than trough malware.

nickvesion

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Quote from: bellington on October 26, 2018, 10:11:58 AM

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

the transaction fee doesn't related to the secure of the wallet. the secure of the wallet depends on your choice. I suggest that you should choose hardware wallet.

Fenya96

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Quote from: malihung on November 22, 2018, 09:46:55 PM

Just an important reminder on the purchase of hardware wallet, make sure you are buying from the official site or from it's authorised reseller, make sure it is listed on their website. buying from the authorised reseller in your country/city is comparatively cheaper and more convenient.

Yes, this is the most important thing! And also, check out the official Ledger site! Due to their black friday deals, you can save 50% on Ledger Nano S, I recommend buying one (bought one myself too), it will not get any cheaper from this anytime soon.

Adriano2010

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I used in past paper wallet, but after i get hardware wallet, i only use hardware wallet to store and hold coins and i think is most secure and i not have any problem with. For daily use i use mycelium on mobile phone and electrum on PC.

Dudeperfect

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Anyone having the private keys can spend the Bitcoins associated with your wallet irrespective of your permission. Hence, it is recommended to hold Bitcoins in the secure offline wallet. I believe that hardware wallet and paper wallet is user-friendly as well as moderately secure methods of storing funds. If anyone other than you has access to your wallet then it is not secure at all. Fees and other aspects have nothing to do with it.

DdmrDdmr

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Quote from: malihung on November 22, 2018, 09:46:55 PM

<â€¦>

Just to emphasize that purchasing a hardware wallet should indeed be done through the sellerâ€™s official site and/or authorized resellers (you need to be verify that they are before making the purchase). Just this week, Trezor released an important note (see [PSA] Non-genuine Trezor One devices spotted. Be careful, buy only from Trezor Shop or authorized resellers), stating that they had detected near to exact copies of their Trezor one on the market (the watermark on the box seems to be a minor difference, and that's about it).

If you happen to purchase a copy (it could happen if you buy it from sites such as eBay or AliExpress), your private keys could already be inadvertedly in the hands of the person/company that made the copiesâ€¦

Sinone

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No need to think much bro just go for hardware wallet which is the best secure wallet ever in the crypto world you can buy Ledger Nano S or trezor both is enough good for providing the best security for your assets and private keys. But hardware wallets a little bit costly but best wallets no doubt.

malihung

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Just an important reminder on the purchase of hardware wallet, make sure you are buying from the official site or from it's authorised reseller, make sure it is listed on their website. buying from the authorised reseller in your country/city is comparatively cheaper and more convenient.

FastSlots

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'Wallet securing' its one of the vital question for crypto holders. If you are worried about your assets and money safety you need to learn internet/ website and basic computer security system at the same you must collect a hardware wallet that could help you out in this case. And hardware wallet will not be a solution if you put your phrase code online, better to write them on a paper wallet.

Topic: wallet securing !! - page 2. (Read 889 times)