- Wallet on your phone
I never use crypto wallets on my phone or any kind of wallets on mobile devices, such as tablets. Mobile devices are always more vulnerable to potential threats. Moreover, those devices have limited screen, so they are less convenient for users, and sometimes might more easily cause wrong typing, order making, transaction moving, and so forth. 
Topic: Whats the safest way to protect youre bitcoin? - page 2. (Read 559 times)
Thank you for youre answers! 
But did you all notice, that bitcoin.de isnt "a normal Onlinewallet", its an Onlinewallet with a lot of security mechanisms. This Onlinewallet even has got an own forum and they claim to be one of the safest Onlinewallets worldwide.
You're definitely still hugely overestimating it. But did you all notice, that bitcoin.de isnt "a normal Onlinewallet", its an Onlinewallet with a lot of security mechanisms. This Onlinewallet even has got an own forum and they claim to be one of the safest Onlinewallets worldwide.So in conclusion the safety of the Onlinewallets might be a little bit lower than I mentioned, but its not close to 0%! For example bitcoin.de never got hacked and the site is over 5 years old!
Oh boy this has gotta be the worst argument ever concerning security."Hackers can't hack X exchange/wallet because it's already X years old and never been hacked!"
Guess what, even Coinbase is vulnerable to hackers. Remember, MtGox and Bitfinex was once also one of those supposedly "very secure" exchanges.
... that a bitcoin capital will be fully kept in shape after 5 years:
you can either go with paper wallet or hardware wallet, web/online wallet and exchange wallet is definitely out of the question
Brain wallet would be the superior option because no one could ever find any physical copy of your key, this is assuming you have a functioning brain that won't forget what the words are in the future. Your brain can't be hacked or stolen.
that is actually the worst wallet to consider, brain wallets are not as secure as you thought yes your brain can't be hacked but a $5 wrench attack can make you spill out the words
and even if you didn't give it out, a hit on your head by that wrench can damage your brain
Thank you for youre answers! But did you all notice, that bitcoin.de isnt "a normal Onlinewallet", its an Onlinewallet with a lot of security mechanisms. This Onlinewallet even has got an own forum and they claim to be one of the safest Onlinewallets worldwide.
bitcoin.de is not even a wallet, it is a trading platform so it is a place where you should only go and buy/sell bitcoin not store it! But did you all notice, that bitcoin.de isnt "a normal Onlinewallet", its an Onlinewallet with a lot of security mechanisms. This Onlinewallet even has got an own forum and they claim to be one of the safest Onlinewallets worldwide.Quote
So in conclusion the safety of the Onlinewallets might be a little bit lower than I mentioned, but its not close to 0%! For example bitcoin.de never got hacked and the site is over 5 years old! The guarda wallet is relatively unknown and so I dont think, that it wont be the first target for hackers, right? To be unknown is a way to be relatively secure too.
hundreds of users lose their money every month because they store it in a web wallet and lose it to all sorts of attacks including but not limited to phishing attacks, malwares, key loggers, ...in addition to that when you are using a web wallet that doesn't even give you control over your private keys then it means the security of it is 0%.
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(maybe it would be clever to buy more hardwarewallets and to devide my bitcoin, what do you think?
it is an overkill in my opinion.Quote
and a small part in an Onlinewallet (about 8%) and other places (about 9 %). Is that "good/safe enough"?
the only usage of web wallets should be for convenience not security. for example if you wanted to keep some small amount like $50 worth of bitcoin in a web wallet so that you could access it (like to do a purchase) from anywhere without having to carry anything with you.
Thank you for youre answers! But did you all notice, that bitcoin.de isnt "a normal exchange", its an exchange with a lot of security mechanisms. This Onlinewallet even has got an own forum and they claim to be one of the safest Onlinewallets worldwide.
So in conclusion the safety of the Onlinewallets might be a little bit lower than I mentioned, but its not close to 0%! For example bitcoin.de never got hacked and the site is over 5 years old! The guarda wallet is relatively unknown and so I dont think, that it wont be the first target for hackers, right? To be unknown is a way to be relatively secure too.
Sure, hardwarewallets and paperwallets are the safest. I protect the large part (about 83 %) of my bitcoin in a hardware wallet (maybe it would be clever to buy more hardwarewallets and to devide my bitcoin, what do you think? ) and a small part in an Onlinewallet (about 8%) and other places (about 9 %). Is that "good/safe enough"?
How do you protect youre bitcoin/crypto?
Thank you very much for youre answers!!
Greetings
Kryptozukunft
But did you all notice, that bitcoin.de isnt "a normal exchange", its an exchange with a lot of security mechanisms. This Onlinewallet even has got an own forum and they claim to be one of the safest Onlinewallets worldwide.So in conclusion the safety of the Onlinewallets might be a little bit lower than I mentioned, but its not close to 0%! For example bitcoin.de never got hacked and the site is over 5 years old! The guarda wallet is relatively unknown and so I dont think, that it wont be the first target for hackers, right? To be unknown is a way to be relatively secure too.
Sure, hardwarewallets and paperwallets are the safest. I protect the large part (about 83 %) of my bitcoin in a hardware wallet (maybe it would be clever to buy more hardwarewallets and to devide my bitcoin, what do you think?
) and a small part in an Onlinewallet (about 8%) and other places (about 9 %). Is that "good/safe enough"? How do you protect youre bitcoin/crypto?
Thank you very much for youre answers!!
Greetings
Kryptozukunft
Brain wallet would be the superior option because no one could ever find any physical copy of your key, this is assuming you have a functioning brain that won't forget what the words are in the future. Your brain can't be hacked or stolen.
actually brain wallets are the least secure way of storing your bitcoin (private keys) because it has been proven that people are incapable of coming up with a truly random entropy needed to create a secure private key to store their funds. they usually end up with something that can easily be guessed.
Brain wallet would be the superior option because no one could ever find any physical copy of your key, this is assuming you have a functioning brain that won't forget what the words are in the future. Your brain can't be hacked or stolen.
Definitely should be A LOT lower on your exchange probability estimations. You're completely overestimating their security, and completely underestimating the skills of some hackers, and that exchanges are always a hot target, and that exchanges get hacked a lot. It's pretty much just a matter of 'when' when talking about exchanges getting hacked.
5 years?? I will never even think of putting my coins in any exchange, even if it is the number one exchange in the market, not even in an online wallet, if you are going to store your coins for a maximum of 5 years the only choice I can think of 100% is the ledger or hardware wallet.
- Exchanges like binance: 30%
- The exchange bitcoin.de: 50%
- Other average online Wallet: 60%
- Onlinewallet blockchain.com: 75%
- Onlinewallet guarda.co: 85%
- The exchange bitcoin.de: 50%
- Other average online Wallet: 60%
- Onlinewallet blockchain.com: 75%
- Onlinewallet guarda.co: 85%
all the chances you mentioned here are wrong. the chances are closer to 0% to remain safe in any of these places because in most of them (such as exchanges and particular web wallets) you don't even own your private key not to mention that so far all exchanges without exception had an expiration date when they started scamming their users!
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- Hardwareallet: 97,5 %
- Hardwarewallet, correctly set up, rarely used: 99%
- Hardwarewallet with additional passphrase: 99,7%
- Paper Wallet: 99,9 %
these all depend on the way they are created, stored and handled. if it is all done correctly then they are the safest options so your percentages are correct. - Hardwarewallet, correctly set up, rarely used: 99%
- Hardwarewallet with additional passphrase: 99,7%
- Paper Wallet: 99,9 %
Please specify youre assessment of probability, that a bitcoin capital will be fully kept in shape after 5 years:
- Wallet on your phone
- Onlinewallet blockchain.com
- Onlinewallet guarda.co
- Other average Onlinewallet
- The exchange bitcoin.de
- Exchanges like binance
- Hardwarewallet, correctly set up, often used
- Hardwarewallet, correctly set up, rarely used
- Hardwarewallet, correctly set up, rarely used and with additional passphrase
- Paper Wallet, perfectly set up and with multiple encoding
This is my approximation:
- Exchanges like binance: 30%
- Wallet on the phone: 45%
- The exchange bitcoin.de: 50%
- Other average online Wallet: 60%
- Onlinewallet blockchain.com: 75%
- Onlinewallet guarda.co: 85%
- Hardwareallet: 97,5 %
- Hardwarewallet, correctly set up, rarely used: 99%
- Hardwarewallet with additional passphrase: 99,7%
- Paper Wallet: 99,9 %
Greetings Kryptozukunft
- Wallet on your phone
- Onlinewallet blockchain.com
- Onlinewallet guarda.co
- Other average Onlinewallet
- The exchange bitcoin.de
- Exchanges like binance
- Hardwarewallet, correctly set up, often used
- Hardwarewallet, correctly set up, rarely used
- Hardwarewallet, correctly set up, rarely used and with additional passphrase
- Paper Wallet, perfectly set up and with multiple encoding
This is my approximation:
- Exchanges like binance: 30%
- Wallet on the phone: 45%
- The exchange bitcoin.de: 50%
- Other average online Wallet: 60%
- Onlinewallet blockchain.com: 75%
- Onlinewallet guarda.co: 85%
- Hardwareallet: 97,5 %
- Hardwarewallet, correctly set up, rarely used: 99%
- Hardwarewallet with additional passphrase: 99,7%
- Paper Wallet: 99,9 %
Greetings Kryptozukunft
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