Bitcoin Forum

I heard bad news from one of my friends, he is a bounty who has had a pretty good income. recently he lost the token bounty and also eth that he has in his wallet and estimated the amount is very large. I am afraid that I will experience also, what to do for token, ETH and also we can not be stolen by others, can you seniors provide the best solution for me and also my friend. what type of wallet do you use to store your eth and btc safe?

It is very often theft if we do not carefully save or put our wallet in a good place, I save my wallet in bittrex market and give 2FA code to increase security.

What you are looking for is hardware wallet like Keepkey, Ledger or Trezor. It is dedicated hardware wallet where you have to confirm any transfer of coins. The point is the private key can never leave the hardware wallet, it just sign transactions which you have manually confirm on its display where the coins going to be send.

I use bitcoin wallet are blockhain, coinbase and coins. Ph I use mobile wallet. But for the etherwallet I use as of now is MYETHERWALLET and for me this is safe and for sure your token will safe also.  I will save my private key to the documents and wrute in a paper so no one can see my private key and no one can open my account expectt me. Store your token and coins to the right place.

I guess the best way is - sell all tokens once you got them, received eth or btc withdraw to hardware wallet. I do not have other idea. I was in same situation as your friend someone hacked my account of myethwallet((

Do not store in exchanges, if some hacker stolen their funds, you can lose your $.
Safe way to store bitcoin is generating a paper wallet from a offline live linux and backup.

You can use hardware wallet too, it is secure if you PC isnt infected.

I think for safety you should keep your wallet address and password or private key in a safe zone. Don't share your pass to anybody. And dont keep your ETH or btc in any exchngr . if any hacker hack exchanger you won't get your money back. So be carefull

I don't have a lot of bitcoins, so I store them in the web wallet Bonpay. I know that hardware wallets are safer, but I prefer having quick access to my crypto. Moreover, recently I've heard some bad news from people using Ledger, so you cannot be sure there will be no issues.

I keep my own crypto parallels in two parts, 50% -50%. The first half is in paperbacks, where I keep it in two different places, and the other half is part of a few stock exchanges I trust. Apart from that, I carry my free money like bounty, airdrop again with paper wallet. Ledger etc. I do not use the devices in practice, I do not think they are very different from the paper wallet. In the end, you are entering a system of money. Which I think is not very safe. In some places, if you memorize a certain number of words or letters, the ledger says that you can withdraw all the money you hold. Yes, that's exactly what I'm afraid of. So, the money is not only in that ledger device but also in the integrated system. I think the most beautiful paper wallet. Let the bitcoin be based on technology enough that the method we keep is a bit of a stone age.

Hardware wallet can be a safe option even if the PC is infected, but this is just from the bitcoin's point of view. When you use a hardware wallet, all you have to do is to open a browser and connect to the hardware wallet's website (or to run the chrome app for ledger, if it's a ledger nano S). If you make sure that the website is legit, you can connect your hardware wallet and do transactions on it, because your private key is stored on your hardware wallet and it doesn't leave the hardware wallet when you start a transaction with the hardware wallet. This is because the data that goes from the PC contains only the details of the transaction, and the hardware wallet signs the transaction itself (the signature is generated with the private key on the device itself, because it's like a micro computer) and the hardware wallet sends back the signed message to the device to broadcast it into the network. It's not possible to decrypt the private key from the signed message itself or from the transaction details, so your private key is safe. But don't use the infected PC for anything else (like connecting to a web wallet), because a keylogger can collect all your usernames and passwords. Also, if you use the hardware wallet, alway double check the bitcoin addresses on the screen of the hardware wallet, because viruses or trojans can modify the bitcoin addresses on the screen of the PC  while using their hacked address in the transaction itself, but the hardware wallet's screen alway shows the real address included in the transaction and it has to match the address you wanted to send your bitcoins to.

It was really very bad which happened to your friend. I keep my Token in two ways. I always use that account which has 2FA Authentication Security System. Because that wallet has 2FA Authentication system those accounts are very secure than any other. I also use Hardware wallet. Hardware wallet is the best for keeping Token.

Everybody is promoting hardware wallets these days, but they aren't cheap. There are also safe methods of storing coins on your computer without having to spend money on a hardware wallet. One of those methods is going offline and generating a new set of private and public keys and writing them down (not printing because the printed documents can be accessed if someone steals your HDD, hacks in, or simply steals the whole pc from your house. This si probably the safest way to store coins, but it has some downsides, like the time it takes to rewrite the key to be able to spend your coins.

If you are not spending money to safe guard your coins, then what is the purpose of investing in it, you can get a hardware wallets around $100 and are you telling that it is expensive considering the amount of money you are investing in it, people are getting too paranoid about wallet safety, the only thing you need to do is to have a secure system and enough back ups, until you advertise that you are having a huge number of wealth saved in bitcoin, no one is going to steal your hard disk. I usually store my coins in multiple drives with portable electrum and ETH and other tokens in MEW, make sure you book mark the site as they are many phishing sites just with the same interface.

What I can say is that everything connected to the net can be hacked. So we must be very careful on our digital wallets and we must do some precautionary measures. What would be your options for securing your wallets?

1. Paper Wallets - This is considered the safest way to store any Cryptocurrency. This can be done by having your wallet address and private keys on a piece of paper. MyEtherWallet has a function wherein we can print the details of our wallet as well as QR codes. Keep it in a safe box for more security.
2. Desktop/Mobile Wallet - As much as possible, we should have separate laptop or pc aside from what we use for trading and other internet-based activities. If it is possible, isolate the said laptop from the internet. It is for your own safety.

Blockchain is the world's leading software storage platform for digital assets. Very many bitcoin miners choose Blockchain to store safe and reliable bitcoins. So Blockchain is a must-have bitcoin wallet option for storing your bitcoin minerals.

You should buy a hardware wallet, and copy the seed phrase on paper in more than one safe location. Some people put them in safety deposit boxes etc.

Some people will hold half the seed in 1 place and the other half in a second location. Dont take a picture or save it to a computer.

Paper wallet is the safest  way for me. And checking everything twice is the safest way to survive along scammers

I'm assuming that your friends used MEW to store his ETH or tokens. There has been a lot of news since last year about how you should be careful on using MEW because there are a lot of phishing sites out there trying to emulate the website. So again your friend might be another victim. I have stored a few tokens myself in MEW by so far I haven't experience any attack because I'm very careful of going around the web and clicking links and I bookmark MEW just to be safe. If he is holding big amounts then I suggest he should be storing in a hardware wallet. You can check this: (https://bitcoin.org/en/choose-your-wallet). Just be careful and secure your wallet ASAP.

In the online world of hackers are very fierce in stealing what we have, we must save our eth and bitcoin safely, use a market that has high security and include 2FA code. it will make you more secure.

It sounds like your friends private keys were compromised.  No wallet is safe if you lose or expose your private keys.  Watch out for phishing websites if you're using myetherwallet.  Bookmark it and always triple check the URL. 

There are numerous application abd programs that offer security for your bitcoin and other cryptocurrency investments. Coins.ph in the philippines is a very versatile mobile application that both offer security and transactions within the app for bitcoin and ethereum. Anothdr way of storing coins is through what we call hardware wallets. Trezor and Ledger are the best ones for me as they offer 2 point security that will surely give nice security for your bitcoin abd altcoin investments

I think if using Myetherwallet it is best to buy Ledger Nano S because it will guarantee more security. I personally have been trading in this market for a long time and Ledger should be considered the safest wallet in the Cryptocurrency market because it helps me hold better properties than all other wallet.

Do not use 1 wallet address for your tokens just like my friend also who had reported that his tokens innhis digital wallet has been stolen. The password has been cracked and for sure the hacker would left yo nothing even a single token. Well just consider storing you tokens in a application digital wallet like desktop wallet that uses offline method so as not to compromise your password or any details that could to your digital wallet be hacked. You can also ise paper wallet foe storing your bitcoin or ether but i do not know if paper wallet supported ether or other altcoins. Much better trade your tokens to bitcoin or ether and store in 3 different digital wallet.

Keepkey, Ledger or Trezor. This is a special hardware wallet where you have to confirm each coin transfer. The point is that the private key will never leave the hardware wallet, it just signs the transactions you confirm manually on the screen where the coins will be sent.

Do not tell your private key and password and bookmarks that you think are important.

since ethereum is not immutable it means storing it also has another huge risk. today you may store ETH and a bunch of tokens, tomorrow they can change everything because they want to and because it is centralized and you lose all that you stored and go back to zero.

One of the easiest and safest way to your account is out it on your wallet your coins.ph because it is also have a password like a ATM card

 :)  well for me and I'm trying more eth has a safe place because it has a private key that you hold and it's not easy to steal other likes to get your token and comportable to use. we also have a token that it's secure. in the btc wallet well it's so much simpler that the eth wallet is always the system demanding because it is safer and I can not even say about btc because I also use the btc wallet for my coins.ph and also i uses imtoken wallet but I usually use the eth wallet.

Hi defriadi,

Don't know if it helps that much but it might be useful for you to check out our list of Wallets here: https://www.cryptowisser.com/wallets/

The current champion among wallets (all categories) according to the cryptocommunity seems to be Trust Wallet.

All the best,
Cryptowisser

This is also a problem that many people are interested. Today, stealing tokens, eth, btc and many other valuable altcoins are occurring so much, so care must be taken to protect them. For ERC20 and ETH tokens, I usually use MEW, it is too familiar and common. However, when using, you should use the access methods recommended by MEW, absolutely should not be accessed by the private key because it is very easy to leak information.

If you going to keep a big amount of coins i suggest to get a hard wallet or cold storage wallet so no body will compromise your wallet. But for me Metamask wallet and MyEtherewallet is pretty much secured. Maybe your friend sent a wrong address instead giving an ETH add he/she gave private key. Sorry for him/her

If you want to store large amount of expensive tokens and crypto then you should consider buying a hardware wallet. They will store your private keys for you and protect them from any kind of malware. You will be given either 12 or 24 words which can be later used in case your device is destroyed or stolen. Hardware wallets are easy to use and have user friendly interface so you won't have any problems with using them. However, don't buy a hardware wallet if you aren't going to keep anything valuable on it. Hardware wallets are expensive.

For security in my opinion, do not ever tell anyone your private key, and keep it in offline apps like prin on paper, and keep it in a place that only you know. do not open links that are considered suspicious, because now many hackers use, fake web to steal important data that we save.

This is also happening to my co-workers they have a large amount of token come from the bounty campaign reward, but his token was steal by unknown hackers.

in my country, Indodax is the safest wallet for now, many of my friends feel comfortable when storing ETH in Indodax, losing ETH is usually caused by a virus-infected PC or the user is accessing a phishing site.

the security in asset storage depends on yourself. secure the assets that we have in order not to be stolen by others must be careful with web pishing, do not carelessly use free wifi because it is very prone to malware, and keep the private key as well as good.

The best way to store your cryptocurrency has always been to store them offline in a hardware wallet or cold storage. If your coins are stored online there is always a possibility for you to get hacked and have all of your coins stolen. If you have coins you are planning to hold for a long time then you need to get a hardware wallet to store them and keep your private keys very safe.

there is no statement from the OP where did the tokens and ETH stored so assuming the Op is using myetherwallet or another type of ERC20 storage 2FA is not necessary for those applications and it is dangerous to store a large number of token assets and ETH on a hot wallet storage whether you own the private key or the seed there is no difference if the hackers are desperate enough to target your assets as the risk of getting hacked on wallet influenced by internet is high, better to afford some hardware wallet and if you are broke enough you can buy cheap laptop then use it as a cold storage.

Okay if you have cold storage wallet or web wallet you can store your bitcoin,eth and more tokens that are available on the ledger. I hope you have one coz you will order it online.

You must ask your friend what wallet did he use for bounty. i guess it was myetherwallet.
myetherwallet is best for beginner because it is easy to use, but not really secure. you must use an advanced wallet like metamask.
or hardwallet if you want to buy.

Maybe consider splitting your crypto. Convert 80-90% to stable fiat and keep the remaining available in a trusted exchange to quickly take advantage of any opportunity that may present itself.

absolutely i will agree with your opinion,that if you doubt to ether wallet(store your coin), you must transfer to another wallet  like ledger or trezor,aside from that being alertness and awarness during transaction it should be ,to avoid also from mistake during process,

Its imposible to hack any token from mew or other decentrillized plartform .If you click any phising site or link and provide your key you must lost your token otherwise its impossible.I am using myetherwallet for eth and eth based any token and alwayes try keep my key in a safe place in my laptop

This topic entitled "Trust No One" gives some helpful information on how to keep your cryptocurrency secure : https://bitcointalk.org/index.php?topic=33835.0. If you don't want to read through that whole topic, the title is a nice summary of the content.

Nowadays people are worried about safety and security for their wallet and i was lost my 10k$ + when edt dns hack.So i know how much pain when crypto asset lost.So i think you can use hardware wallet but myetherwallet best for anyone and your wallet safe until you click phishing site and give key.I am using myetherwallet for eth and eth based token and coinbase and blockchain for bitcoin.

I like to do all banking/transactions on a disconnected laptop. It stores everything off line and I don't connect it to a wired internet source until the moment of transfer. Combine that with a good wallet (I use Jaxx) and you're looking at a pretty safe system.

The safest way to save your token, ETH, and BTC etc is to keep your Wallet address and password or private key in a secure area. Never share them with anyone, never. Do not even try to put in ETH or btc no exchngr. If they are hacked in any way, then the lost money will never get back and return. So be careful.

Use hardware wallet like Nano Ledger S or Trezor to store your coins. If you can't buy a hardware wallet you can use a good desktop wallet like Electrum or Exodus. You can use Myetherwallet for ERC20 tokens and Ethereum. But you have a risk if not keep your private keys carefully.

1. Don't use your private keys to log Myetherwallet (You can log with the keystore file).
2. Bookmark official Myetherwallet website.
3. Don't give your private keys to anywhere like airdrops, Claim tokens etc.

If you need to store NEO based NEP-5 tokens you can use Neon desktop wallet.

Taking a coin on the exchange is also a solution, but if the exchange collapsed or hacked, you will also lose. I think using mew as well, use keystore file without using private key easily exposed.

The best way is  buy hardware wallet. But if you think that online wallet is enough for you, you must be careful. Don't give your private key and log in with it. And always protect your computer from being hacked.