Bitcoin Forum

 I read a lot of posts on this topic. People offer any, even fantastic options. Each of them has advantages and disadvantages.
I found a simple and understandable solution. We have Private Key, for example

ch74nhcwrf4439nfv340fvq3rvn23mf2fj20f204f

 You can leave it on the computer + print and put somewhere at home + make another copy on the email.
It is necessary to do only one thing. Change 4-6 characters.

 For example, change ch74nh to krw49d    Further, it is enough to remember these 4-6 characters.

Now if a hacker gets access to your computer and finds a Private Key, he can not steal money.

 But we can do even better. Replace characters not at the beginning of the Private Key, but somewhere in the middle. For example, the date of birth your wife on 12 December. You definitely will not forget this date. We change the symbols from 12 to 17.

This can be helpful when the people around waiting to steal your fund. Mostly MyEtherWallet get hacked because of accessing incorrect website which has the misspelled text on URL.
Whenever you try to create the account, MEW pops up the Notification window which shows the safety measures for accessing their ETH wallet safely, but still some people logging into the wallet with the Google search results.
If you avoid that alone to keep your wallet. However newbie comes with the good idea. Good luck.

Yeah, there must be a proper name for these kind of techniques, all very easy and basic to do. My only problem would be to rely on pure memory as we all know, that's also prone to deteriorate over time. Also, using reachable clues like wife's birthday is a bad idea. I've guessed passwords often enough on friends just on family birthdays.

I might suggest a method that you and your trusted ones agree to - like a simple code easily decipherable with one or two known hints.

For example, switching three characters in the private key, depending on the first alphabetical character in it. For example, if the first alphabet in the string is "d" then, as the fourth alphabet, the hint is 4. And go from there. Other ways. Save keys on text file. Rename .txt extension to something else. Archive (zip is fine) with encryption, password protect and rename that to another extension. A bit inconvenient to retrieve, but keeps it somewhat safe from most prying software.

Though you thoughts are nice and it also blows my head but to also protect your account,please it will be better you protect your account with the all the instructions given at your myetherwallet  they safe way to protect your account from phishing links.

Great post! Just for me. I store the key on my computer and on e-mail, I worry that I will be stolen. I took and changed 4 symbols. I'm sure I will not forget them. The problem with anxiety is solved.

Thats a really bad idea.
Changing a few characters in a private key doesn't really add a lot of security.
You are basically betting on the possible 'attacker' not to try too hard.
Those human 'mind games' when 'securing' something with a 'hidden/special' approach is way less random than someone would believe.
You could simply encrypt the private key with a 4-6 long password. This would be a lot more secure than simply swapping them. Even though 4-6 characters aren't enough to be 'fully secured'.
If you (for whatever reason) plan to send/store your private key online, at least do yourself the favor to encrypt it properly with a passphrase which is long enough.

A lot of people seem to forget that email is broken as f*ck.
If you don't explicitely encrypt your data, you are an easy target for any spoofing/interception of mails.

The author of the topic offers a method not for those who are engaged in encryption, etc.
This method is for those who in any case will not do this.
And already holds the private key open.
These people solve their problem in 1 minute

Yes, it's probably a great idea, but I still think that it will be better to buy trezor and use it, together with myetherwallet, so here it's all come up and you just need to use it and of course you need some money to buy trezor

This is a good idea mate on how to store our private key safely. Hope it will use this kind of style by many people. As of me,  i have been stolen two private keys and stole my coins there.  Huge amount was stolen from. But the main problem is, we are putting our privatekeys in some exchanges. And the time, i have been hack from exchanges. So beware all of us here

For me, the best way to kep my private key is to store it in excel then put up a password to open it. A password on excel where you can easily remember. Then that file will be sent to your email so that it will not be lost. So everytime you need to open you private key is to go to your email then open the excel file.

There are hacker programs that monitor all passwords and sites that you visit. Hackers will not be difficult to gain access to your e-mail to Excel or word. It seems to me that with this method of encryption you will quickly forget their passwords and lose their coins than the hackers will get to your coins. Hacking into the PC is not very profitable.

Step-by-step instruction: 1) register the key 2) print QR-kod 3) save the password in a text document 4) text document on a flash drive 5) QR-kod in the Bank cell 6) flash drive in the Cabinet on the top shelf under the shirt.

That was really a great idea, especially when you don't have your own computer and you are just renting computer outside, actually I am also doing it I don't use my personal info with my passwords, every 3 months I am changing it and I am not opening my email anywhere.

i agree on that way but theres a lot of way to secure your private key. my strategy to secure my private key is hiding all my information and save my private key in my social media account that only me can access. and also i can save that private key on my phone that has a highly security..

Thank you OP for this idea. This is a better idea than saving the private keys in the computer or emails. But remember 4 to 6 characters of each private key will be difficult for me if I have 10 private keys to remember. It might work for other people with better memory than me.

I did the archive and save it to a device that doesn't connect to internet for keeping it safe. All i suggest is his suggestion about archive is good because that's what i did to my private key. The other thing to do is avoid clicking google results of myetherwallet it is better to bookmark myetherwallet website so you can avoid getting hacked.

Thats a great idea changing some character in your private key. Problem is when you copy paste your private key to open your account and you entered it on a phising site, is there is a possible that hackers can get your private key?

This is a good idea. Even if people can access your computer they don't even know if the private key is legit or not because there's already a character replaced in it thus it will not work.

Awesome tricks. But if you import your key to Etherdelta/metamask it is not safe.
You send a tricks, that can safe our computers if anywise hacked private key. Private key is the most important for any person asset.
So, without hesitation your idea is great. I like that.
I save my private key offline, I think its very effective.

Yeah, in addition to yours the OP idea is great tricks to the hackers who steal your wallet. But keeping safe your private key in a piece of paper then keep it in your folder together with your other documents is enough for me. Avoid to a phishing scam site always look at the URL is right it must start with https: and with indicated with secure. Mostly exchanging site are having a fake site which is if you log in your account they can trace them, it's better to bookmark your past activity.

It will be a bit hard for a forgetful person like me to do this, but might work for others.

Another option, if you plan to keep your Eth tokens for a long time, imo the safest way to secure your private key is to save it offline. If you plan to check your balances, don't open your wallet and just go to block explorers.

I think the first step is to avoid visiting suspicious links and ending up getting phished... because once your private key is phished all the measures you will have done above will be useless.

Your idea is very interesting, it's true. But actually it's much easier to buy a hardware wallet and use it to access your coins that are stored on MEW.

I always back up my private keys on cold storage. I write it down and print it with multiple copies. I do not just save it in my USB or in my computer because there is always a risk. I prefer having it all print out.

Yes, the idea for protection is good. It is good if the funds are hold on one or two addresses. I create many addresses and I distribute my tokens and ether. And I keep the keys separately. So I'm not worried about hacking one of the addresses.

this is a good idea.... the only problem is that if for example someone like your wife, parents have to access wallet and they don't know this (for example after you died) everything will be lost...


I think that pieace of paper stored somewhere secret is still the best option...

My brother I want to use this opportunity and time to thank you for the wonderful and amazing information you have given us. The above information is very helping to us. I would personally implement what you have told about the security of our wallet and our private keys. Thanks for your great suggestions.

The even better solution would be to think a new dictionary for your words and to change each alphabet letter with the different one. Afcorsee, to do that you must write your own alphabet on a piece of the paper (stay away from the computer and internet).

This piece of paper must be stored like your precious jewelry because if lost and you don't have and photo memory you can as well say only to your wallet. There are many ways which the users which don't own the hardware wallet are keeping their private keys anonymous.
 
Different solutions are welcome and I hope someone will provide the even better solution to the thread.

i did this sometime ago and my account still get hacked! how it happened i dont know, up till date the whole thing still remains a mystery to me, please dont get it twisted, this idea is highly welcome, atleast it can help some persons, but in-terms of security i strongly recommend Ledger Nano. for the now this is the only method of storing my fund that i can trust 80% 

Its a bad idea because  4-6 letter is not easy to memorize specially if you are not using it daily. Remembering the date of your birthdate is easy to recall but private key that is given by the system is not easy to recall because it is random. Imagine that there are people who forgot their password on their email or any account that needs password because they seldom  use it.

 Thank you! I talked about the way many of us need.

  Moreover, those who do not change letters in places can do so: when they copy a private key, do it without two letters at the beginning.
 And then write them, after you put a copy in the wallet.

This is a great and astute idea, but you know hackers can go extra mile to get what they need. The best would have being with the use of hardware wallet. This is more secured and reliable. It gives you rest of mind, without any form of fear whatsoever. The only thing to ensure is not allowing a third party to get hold of your hardware wallet.

I simply store it at my messenger account. I made a message to my self and just check it out there when I need it. Though it might be also be lost, I also keep it on my email. Since private key is just a short combination i would try memorizing it. Im actually familiar on the first and last digit of my key. Printable might also help, keep it you wallet but dont let anyone see it.