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Title: My mind is unrest Post by: FirmWars on April 03, 2023, 03:28:18 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial?
Why do I want to do this? I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. Title: Re: My mind is unrest Post by: Poker Player on April 03, 2023, 03:54:52 AM If you don't have money to buy a hardware wallet I guess you must not have much money invested in Bitcoin, right? To me you are worrying too much, they are not going to be able to unlock your phone having it as you have it with fingerprint lock. I don't know what you're asking about, but you could also make yourself a paper wallet and transfer the Bitcoin there. The bad thing is that I think in both cases, to do it with 100% guarantee that no one has spied on you online is going to take a lot of work.
If you have a small amount in your mobile, let's say less than $1k, I wouldn't even worry about it. Title: Re: My mind is unrest Post by: pooya87 on April 03, 2023, 04:21:48 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? Any Linux operating system works, I personally always suggest Ubuntu since it is a popular distribution and a general purpose OS so you can always find any answer you seek on the internet very easily.Here is an old guide: https://bitcointalk.org/index.php?topic=853288.0 There is a learning curve before you can get it right. If you have a small amount in your mobile, let's say less than $1k, I wouldn't even worry about it. I wouldn't call $1k a "small amount" considering that hardware wallet prices are 1/10 to 1/20 of that, not to mention the rising bitcoin price where $1k worth of bitcoin today will be worth a lot more tomorrow. Phone wallets are not the best option for storage either.Title: Re: My mind is unrest Post by: Despairo on April 03, 2023, 04:28:49 AM If I'm not mistaken, if you want to create a safe cold storage using USB stick, you're need to have a computer or PC which never connected with internet to prevent from virus or malware. Since you're can't afford to buy a hardware wallet, how you can find a computer or PC which never connected with internet? a company PC is obviously not safe and the owner might installing something in order to track your phone.
There's a guide about this How to Install Tails OS on USB flash drive for Wallet Purpose (https://bitcointalk.org/index.php?topic=5228801.0) Title: Re: My mind is unrest Post by: kotajikikox on April 03, 2023, 04:41:31 AM If you don't trust the people that taking your phone while in the job then better not to carry your mobile in work or better to use other mobile for contacting because like me? i always use separate mobile from my crypto using and for my personal use, even those cheap coin since you will only need for browsing and some social media apps.
and one thing , if you managed to invest and hold up to now , then maybe you can still hold while gathering the enough money to buy a hardware wallet? good luck to you mate , hope your coin will stay safe till that time comes. Title: Re: My mind is unrest Post by: MusaMohamed on April 03, 2023, 04:50:55 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? An old guide: How to Install Tails OS on USB flash drive for Wallet Purpose (https://bitcointalk.org/index.php?topic=5228801.0)If you can not buy a hardware wallet, you can use open source non custodial wallet and set up multi signature wallet or cold wallet with this software. Multisign wallets with Electrum (https://electrum.readthedocs.io/en/latest/multisig.html) Creating a multisign wallet (https://bitcoinelectrum.com/creating-a-multisig-wallet/) Creating a cold storage wallet in Electrum (https://bitcoinelectrum.com/creating-a-cold-storage-wallet-in-electrum/) To prevent hackers accessing your keys, Use a strong password (https://bitcointalk.org/index.php?topic=5132378.0) Check your password creation style, weak or strong with Are your passwords in the green? (https://www.hivesystems.io/blog/are-your-passwords-in-the-green) Title: Re: My mind is unrest Post by: Zaguru12 on April 03, 2023, 05:06:31 AM If I'm not mistaken, if you want to create a safe cold storage using USB stick, you're need to have a computer or PC which never connected with internet to prevent from virus or malware. Since you're can't afford to buy a hardware wallet, how you can find a computer or PC which never connected with internet? a company PC is obviously not safe and the owner might installing something in order to track your phone. There's a guide about this How to Install Tails OS on USB flash drive for Wallet Purpose (https://bitcointalk.org/index.php?topic=5228801.0) It is not that the PC should never connect to the internet because it needs internet connectivity to install the crypto wallet but rather when the USB drive is plugged into the computer it shouldn’t be connected to internet. Also it is also a bad idea to to use a public computer because the computer use for the wallet installed will be use to sign transactions that would move your funds in and out of the wallet. Theirs is also possibility of the USB drive getting damaged, so it is not the best cold storage solution for long term storage Title: Re: My mind is unrest Post by: StarKay on April 03, 2023, 05:11:37 AM My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. Example: SafePal S1 Cryptocurrency Hardware Wallet and Ledger Nano S Cryptocurrency Hardware Wallet. You can use Google search for affordable Hardware wallet list, it is much easier and safer than the USB option. Title: Re: My mind is unrest Post by: Kakmakr on April 03, 2023, 05:25:17 AM I see a lot of the guys have already mentioned the bootable OS "Tails" with the Electrum wallet, but you have to make sure that you run a persistent volume with the latest version of Electrum, because the Tails OS does not neccesarilly come with the latest version of Electrum.
So, will you be allowed to have a persistent volume on a hard drive at work....? Remember, if you cannot boot with the latest version... you might have some exploits in the older versions. ::) Title: Re: My mind is unrest Post by: Bananington on April 03, 2023, 06:08:05 AM My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. Buy another phone to store your bitcoins if you cannot afford a hardware wallet yet. If you cannot buy another phone but have an old phone, you can use it as an alternative to a hardware wallet for the time you can get a hardware wallet. The second phone should be used strictly for storing your bitcoins and you should also limit the the usage of that phone on the internet to reduce security risk.How to use an old smartphone as Cold Storage. Quote STEP 1 (a) Remove the SIM card if your phone has one. You don’t want any cellular communications, only WiFi. (b)Perform a factory reset. This is typically found under Settings/Backup & Reset. This procedure wipes all personal data from the device and returns it to a factory state. Obviously back up anything you need before hand. (c)After resetting the device and connecting to your WiFi (make sure your WiFi is password protected), you will have to log in to a Google account during the setup process. Do not use an existing account. Instead, create a new account with a fake name. Save the details of the account for later. This new account is to be used for absolutely nothing but tasks related to interacting with this device. Also during setup, don’t back up your phone to Google’s servers, don’t select to stay up to date, and don’t add any billing information. When it asks you to secure your phone, choose PIN and make sure it’s at least 6 digits long; I use 10. Remember, this isn’t about convenience, it’s about security. When prompted, choose to not show notifications when the device is locked. Lastly, don’t enable any of the offered services like backups, location, bug reporting, etc. Once the phone is done setting up your profile, turn off data communications. On most Android phones, swipe down twice from the top of your screen to bring down your quick menu. Click on the icon for your data or cellular connection and then disable mobile data. (d)Go into Settings/Apps, swipe over to All, and uninstall or disable every app that isn’t explicitly needed for using the device for offline storage. If in doubt, leave enabled all of the apps with the green android avatar. Also leave enabled Google Play, Google Play Services, and Google Keyboard. Don’t worry, if you accidentally disable something you need, it can always be re-enabled; just make sure you’ve tested everything before you start moving the bulk of your coins to the device. It’s also a good idea to reboot your phone before moving on to the next step. (e)Go to Settings/Security. Set it to automatically lock after sleep. Enable the “Power button instantly locks” option, disable “make passwords visible”, and disallow installation of unknown sources (f) Finally, encrypt your phone. There should be an option on the Security page. It will warn you that encryption will take a long time but since there’s hardly anything installed or stored on the phone at this time, it will only take a few minutes. If the option to encrypt isn’t available, don’t use this device. If you can’t encrypt your device, your security is highly compromised and isn’t worth the risk and you’ll be better off using something else. After that step; Quote (a) Install a VPN client. A VPN (virtual private network) encrypts and routes all data coming and going to and from your device through a proxy server masking your IP address. If your VPN allows for it, set it up so that if the VPN loses connection, it will kill your network connection and prevent any unencrypted data from leaving your phone. (b) Install a password manager like Last pass or any other one with good rating and review. (c)Install wallets. There are a number of wallets available on the Android platform, all with different features. Do NOT use a hosted wallet app such as Coinbase. Using a hosted wallet completely defeats the purpose of using your device for offline storage. When choosing your wallet, always try to choose wallets that offer a 12 word recovery phrase. After all this, it is still recommended that you turn off the phone, and remove the battery to keep safely when not needed. (the guide is for android device) https://steemit.com/bitcoin/@anarcrypt/how-to-set-up-a-smartphone-for-cold-storage Title: Re: My mind is unrest Post by: Rikafip on April 03, 2023, 06:25:27 AM I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. Why don't you use Electrum (or whichever wallet your prefer) for your PC instead? It should be safer than using mobile phone wallet anyway (if you are careful what you install on your PC). By the way, hardware wallets are not as expensive as you might think and it will increase safety of your bitcoin immensely so you should really cosnider sorting that out asap if you can.If you don't have money to buy a hardware wallet I guess you must not have much money invested in Bitcoin, right? I might be wrong about this case and guy might really struggle financially at the moment, but I think that in many cases people who say that they can't afford hardware wallet actually have issues with priorities, thinking that unless they have huge amount of money in crypto they don't really need hardware wallet and that is just a waste of money, or that chances of them getting hacked are very low. I thought the same before I lost almost everything ~5 years ago, and first thing I did after that was buying hardware wallet even though at the time I had maybe $100-$200 crypto left.Title: Re: My mind is unrest Post by: cafter on April 03, 2023, 06:39:28 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? nice idea to store crypto in usd flash drive, you can store if you want to, here the tutorial : https://www.youtube.com/watch?v=wPzbUIZrPn0: https://bitcourier.co.uk/blog/flash-drive-storage Quote Why do I want to do this? For security, hehe! it's not recommended if you can't afford a hardware wallet then surely you may don't have enough money invested in crypto, and the question about hacking, no one hacker is going to take this much effort to hack your wallet to steal this small amount of coins. Quote I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. Don't worry about that, if you have fingerprint lock in your phone, it's very hard to unlock it, and who knows that you own crypto if you are new at that job, and no one is going to unlock all workers phones to steal. if your amount is small then you can use digital wallet like electrum or trust wallet, and keep backups of your seed phrases ,private key, like writing on a paper and for more : 1 (https://bitcointalk.org/index.php?topic=5415628.0/) 2 (https://bitcointalk.org/index.php?topic=3327310.0/) and if you are trading and all your crypto are on exchange, then exchange also comes with security to protect fund from third person, security like 2FA, Allow withdrawals only to addresses you trust, check your whitelist regularly, transfer on a digital wallet, and if you have another phone at your home, then you can install a digital wallet on that phone, and transfer all crypto on that phone if your home is secure like your family members are always on that house. Title: Re: My mind is unrest Post by: Charles-Tim on April 03, 2023, 07:25:44 AM Know that using Flash drive directly as a bitcoin wallet is risky, hardware wallet would be recommended instead. Consider the wallet like online wallet if you are using it to make transaction often and be careful of malware.
Suggestions: If you have 2 mobile devices, you can go for Electrum 2FA wallet. You can read more about Electrum 2FA wallet from here: https://electrum.readthedocs.io/en/latest/2fa.html https://trustedcoin.com/#/faq https://trustedcoin.com/#/faq#fees Title: Re: My mind is unrest Post by: woez on April 03, 2023, 07:44:27 AM I think It's understandable that you feel concerned about the security of your Bitcoin, especially given your work situation. Storing your Bitcoin on an operating system (OS) installed on a USB flash drive can be a good option for those who can't afford a hardware wallet. One popular OS for this purpose is Tails , which is designed to provide privacy and anonymity online.
To install Tails on a USB flash drive, you can follow the installation tutorial on the Tails website. It's important to note that using an OS on a USB drive is not foolproof, and there is still a risk of losing your Bitcoin if the USB drive is lost, stolen, or damaged. It's always important to keep backups of your Bitcoin and to use secure methods for storage and transfer. Title: Re: My mind is unrest Post by: Rikafip on April 03, 2023, 08:22:30 AM Don't worry about that, if you have fingerprint lock in your phone, it's very hard to unlock it Hah, it would be good if that's true, but reality is diametrically opposite and fingerpint authentification is way less safe and much easier to crack than a quality password protection. Here (https://blog.kraken.com/post/11905/your-fingerprint-can-be-hacked-for-5-heres-how/) is the article that explains more about how easy is to actually do it. Another problem with fingerprint authentification is when it gets leaked once, it will be valid (most likely) forever because you can't just change your fingerpint like you can change leaked password. and no one is going to unlock all workers phones to steal. Buddy, people are stealing left and right and phones today are much more than just a means of communication. Title: Re: My mind is unrest Post by: mendace on April 03, 2023, 08:38:03 AM Yes, there is a Linux-based operating system called Tails, it is highly recommended because it fits on a USB and when it is removed from the PC it leaves no trace of its passage. Furthermore, all outgoing and incoming traffic is encrypted by the tor network. When Tails is turned on for the first time you have to check "persistance" so that your data is saved on the USB otherwise the next boot is as if you booted a live of any distro. Inside you will find electrum already installed, which is an excellent bitcoin wallet. But I suggest you also take a look at this beautiful operating system called QubesOs.
https://www.qubes-os.org/ This OS is linux based and works with Docker which isolates any programs. Title: Re: My mind is unrest Post by: IIrik11 on April 03, 2023, 08:41:24 AM believe me for a long period of time i did not purchase any hardware wallet.
and i use to just keep a watch-only version of electrum on my windows pc. to keep the wallet synced and broadcast transactions. and another version with the keys on a xubuntu usb-stick. i kept more than $2000 worth of bitcoins on it for couple of years and nothing happened. it was just a bit of work going back and forth to get the transaction signed but other than that. i faced no problems at all. Title: Re: My mind is unrest Post by: jossiel on April 03, 2023, 09:45:01 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? Why do you need to change the OS that can be flashed through a flash drive when you can just simply have a 2nd hand laptop where you can install a desktop wallet and keep your bitcoins there?Why do I want to do this? I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. You're making it too complicated by having some flashable OS through your flash drive. That's even riskier because what if it goes corrupted since flash drives aren't really durable at all to be honest. Just go with an old laptop, connect to the web, install electrum and keep it. Title: Re: My mind is unrest Post by: KiaKia on April 03, 2023, 10:09:07 AM If I'm not mistaken, if you want to create a safe cold storage using USB stick, you're need to have a computer or PC which never connected with internet to prevent from virus or malware. Since you're can't afford to buy a hardware wallet, how you can find a computer or PC which never connected with internet? a company PC is obviously not safe and the owner might installing something in order to track your phone. The fact that I still run an old core 2duo CPU in my house makes me the living proof that some people still have old PCs with core 2 duo CPUs in their homes. There's a guide about this How to Install Tails OS on USB flash drive for Wallet Purpose (https://bitcointalk.org/index.php?topic=5228801.0) I also have another powerful PC with the latest Intel CPU in my house, but I use the old core 2 PC for testing networks for airdrops, while the higher end PC is used for video editing, content, and gaming. Just because the OP cannot afford a hardware wallet doesn't mean he or she has no PC at home. If I were OP I will uninstall the wallet from my smartphone for ease of mind, since I wrote down my recovery seed offline at home I don't have to worry when I uninstall the app clean from the phone. I understand that one needs to be careful because there are so many tools in the world today, just because your smartphone has pin lock and fingerprint security doesn't mean there can't be a way around those. Title: Re: My mind is unrest Post by: Alisha-k on April 03, 2023, 10:48:35 AM Instead of the so much sorry, why not you just drop the phone at home afterall, it's not like you make use of it....
It's the same thing, when you're done with it in the morning, you drop it at home and go back to it in the evening Title: Re: My mind is unrest Post by: Doan9269 on April 03, 2023, 11:02:43 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? You need to be careful on what you request or look out for when it comes to using a secured storage wallet, some of the ones you see recommendation on from the internet where sometimes found to be a bug that can lead to any unusual attack, just maintain the common one or wait till you can afford buying any. I can't afford a hardware wallet right away If you can't afford a hardware wallet then why not go for a free one such as found in cold storage with the use of electrum wallet, this is very easy to set up and you can as well get your private keys with you, ensure you keep it safe till you can afford buying a hardware wallet, but if you're investing much on bitcoin, buying hardware wallet shouldn't be an excuse. Title: Re: My mind is unrest Post by: CryptSafe on April 03, 2023, 11:49:05 AM Mate, I see and understand your worries but however I think it is no point getting worried about the situation. Since your phone is a sophisticated phone I believe they can not access it without you opening it for them or granting them access to do what ever they want to do with it or in your phone. There should be no cause for alarm mate but if you are still worried about it then I would advise you to buy a smaller phone which does not cost you much since you do not access your phone till evening. You can buy the smaller one with no such details to access in it while you keep your android phone at home in a safe place where only you have access to till you return home every day. With this you can have rest of mind.
Title: Re: My mind is unrest Post by: lovesmayfamilis on April 03, 2023, 12:14:52 PM Mate, I see and understand your worries but however I think it is no point getting worried about the situation. Since your phone is a sophisticated phone I believe they can not access it without you opening it for them or granting them access to do what ever they want to do with it or in your phone. There should be no cause for alarm mate but if you are still worried about it then I would advise you to buy a smaller phone which does not cost you much since you do not access your phone till evening. You can buy the smaller one with no such details to access in it while you keep your android phone at home in a safe place where only you have access to till you return home every day. With this you can have rest of mind. I also agree with you. In addition, I would be more worried about storing the wallet, and all the data that is in the phone, from the owner himself. Does he handle his phone correctly, can't a careless surfing the Internet put different viruses on the phone that can send data to someone more versed in cryptocurrency technologies than some ordinary security guards? Usually these are people whose whole brain goes into the muscles. Title: Re: My mind is unrest Post by: HajiBagi on April 03, 2023, 12:38:05 PM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? Why do I want to do this? I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. I don't think the people who you submitted the phones to, will do anything silly to anyone's phone because they all have rules and they must be punished if anything awful occurs to a worker's phone. Also, I don't believe anyone can unlock or get access to a phone unless they know your password or are a thief in that organization, so don't be concerned. Even if a thief snatches a phone, he will never be able to unlock it. In terms of your wallet,I don't think he will be able to have access to it, he either knows the password or he restored the phone, in which case nothing will be present. Title: Re: My mind is unrest Post by: Obari on April 03, 2023, 01:00:18 PM I see no reason why you should panic as there are several ways to stay safe in situations like this, and I will be listing the possible ways to stay safe while you're at work and they include:
~keeping your phone at home since the work is new and you're not sure of the security men at the gate, it will be better you keep your phone at home before going to work and possibly getting an alternate phone just incase there is a need to use a phone maybe at break time. ~Use a two factor authentication with this feature on your wallet, one wouldn't easily temper with your holdings even if they try to hack through as you might get notified. ~ Getting a smart watch this will compliment using a 2FA so as to get notified of every actions on your phone even without you holding the phone. ~ using a password it is always advisable to have a strong security on your phone at all time to avoid bridge of privacy or unauthorized access of your phone. These are the few points I could remember now and I hope to edit to add some if I remember more. Title: Re: My mind is unrest Post by: justdimin on April 03, 2023, 01:34:54 PM The fact that I still run an old core 2duo CPU in my house makes me the living proof that some people still have old PCs with core 2 duo CPUs in their homes. I have some sort of similar issue as well. I have an old laptop that basically is dead, still opens up after like 10-15 minutes, but I was using that until last September and it was a crisis, it was the worst feeling in the world, I can tell you if you didn't had the brand new one, the old one would have made you crazy.I also have another powerful PC with the latest Intel CPU in my house, but I use the old core 2 PC for testing networks for airdrops, while the higher end PC is used for video editing, content, and gaming. Just because the OP cannot afford a hardware wallet doesn't mean he or she has no PC at home. If I were OP I will uninstall the wallet from my smartphone for ease of mind, since I wrote down my recovery seed offline at home I don't have to worry when I uninstall the app clean from the phone. I understand that one needs to be careful because there are so many tools in the world today, just because your smartphone has pin lock and fingerprint security doesn't mean there can't be a way around those. However, now that I have a good pc, the laptop is not that terrible for me, got it fixed a bit, got it cleaned and all, right now it's still terrible and wouldn't use it, but since it's a laptop and not a desktop, sometimes I take it with me to some places, and that doesn't really feel that terrible, because I know that's not my only option and I don't have to get annoyed when it doesn't react or anything, because I know I have a good one at home. Title: Re: My mind is unrest Post by: Hamza2424 on April 03, 2023, 02:45:10 PM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? Why do I want to do this? I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. Hmmm, your case is quite strange, anyway, Hardware wallet is the best solution as you already know but Phones fingerprint security and Password security are not unworthy at all as you said you are a Hot wallet user which indicates that your funds are stored on your phone and you are not satisfied with the phone security but my dear fellow trust me if you IOS or Android latest device users as a device with Android 11 at least. There is no possible way of unlocking your phone without deleting the data inside the device (Factory Reset). I am not sure still why you are not satisfied with the security. So dear in my view You have to be dependent on the Hot wallet until you get Harwade wallet the other solution for you is here that you can directly convert any old Android 8 or above device into cold storage I am working on that topic maybe I will post it soon haha side promotion of the topics. Title: Re: My mind is unrest Post by: Mate2237 on April 03, 2023, 03:02:05 PM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? I am a kind of confusing here because I know OS as an Operating System so I don't know what OS comes to do with storing of Bitcoin. It might be that it is way of storing it. Hardware is not cost to get but depending on the country you are residing. And if the country you are is not selling hardware and there is no where to get in a close by place then you have to ship it from out country which will cost extra money apart from the purchase money. Another way I can also contribute to others who have advised you what to is that, since you don't have a backup system for the coins, I will advise you to write down the private key/ the seed phrase of the wallet for about three to four different places in your home and also do the same with the wallet password and install the wallet app or hide it with vaults so that it will be protected from third party. Title: Re: My mind is unrest Post by: bettercrypto on April 03, 2023, 03:25:45 PM If you feel that way and are not satisfied with the person you are referring to, maybe for your peace of mind don't bring your mobile device, at least this way you will be satisfied, right? That's the only day you won't use your cellphone. Can you ask that?
There are also other options because there is a tutorial on how to install the OS and flash drive, just search for it. Title: Re: My mind is unrest Post by: CryptoBuds on April 03, 2023, 04:03:43 PM If you have a small amount in your mobile, let's say less than $1k, I wouldn't even worry about it. I wouldn't call $1k a "small amount" considering that hardware wallet prices are 1/10 to 1/20 of that, not to mention the rising bitcoin price where $1k worth of bitcoin today will be worth a lot more tomorrow. Phone wallets are not the best option for storage either.A friend of mine just bought a Trezor Model One hardware wallet for just $70 and $15 shipping, less than 1/10 of that. If we do not want to spend too much money on more advanced versions, we can buy the most basic version, they are all equally safe. No matter how many bitcoins we have, hardware wallets are still a priority. Because we may not have a lot of money to invest at the moment, but as we accumulate over time, it will definitely be worth more than a hardware wallet and not to mention an increase in the price of bitcoin. https://i.ibb.co/gZ2V20C/Screenshot-2023-04-03-225911.png Title: Re: My mind is unrest Post by: Casdinyard on April 03, 2023, 04:52:18 PM I appreciate your keenness in keeping your coins safe but as it stands today, I have no idea of any way you can impose a wallet on a USB drive, or in any drive that is not connected to the internet for that matter. I guess you could install Electrum or a similar wallet to your USB thumb drive but that would require mad computer skills or something along that ballpark.
Also, in the case of you scared of other people snooping in your phone at work, why? Isn't your phone supposed to be to kept in your person only, and at all times? Why are you giving them the opportunity/the liberty to check your phone? That's just something I couldn't wrap my head around, with a wife or an S/O yeah sure, but with a co-worker? That's just nuts. Title: Re: My mind is unrest Post by: Ultegra134 on April 03, 2023, 05:18:39 PM You haven't mentioned where you're holding your coins—in a mobile wallet, an online wallet, or a centralized exchange, perhaps? Whatever the case, I doubt that anyone could access your phone with a fingerprint scanner, unless your pin code has been exposed. If you're that paranoid, though, I'd leave my phone at home or use an older device that you may have laying around. Generally, if you want to be on the safe side, I'd recommend investing in a hardware wallet; they are quite affordable and probably the best option for holding anything worth over $1,000–$2,000.
Title: Re: My mind is unrest Post by: bosede1 on April 03, 2023, 05:55:51 PM To be on the safer side with the instance you gave, I will suggest you get a small phone if you can't do without holding any to work, then drop the one with the details at home. If it should be part of this country where I am and you are giving people suspicious acts about the phone they might eventually steal it to find out what is so special about the phone.
Title: Re: My mind is unrest Post by: martyns on April 04, 2023, 03:50:45 AM Mate, I see and understand your worries but however I think it is no point getting worried about the situation. Since your phone is a sophisticated phone I believe they can not access it without you opening it for them or granting them access to do what ever they want to do with it or in your phone. There should be no cause for alarm mate but if you are still worried about it then I would advise you to buy a smaller phone which does not cost you much since you do not access your phone till evening. You can buy the smaller one with no such details to access in it while you keep your android phone at home in a safe place where only you have access to till you return home every day. With this you can have rest of mind. This is one thing about online job,it is highly risky if at the end of the day,thief's should rob you and dispossess you of your possession like phone.In this present time,your phone,or laptop is the greatest asset you can ever have because it is the main source of your income,and everything you do online is all in your phone.Therefore,it is quite good to have security code for all you do online,so that if anything should happen to it,they will be unable to unlock it and access you phone,but if you don't take it too serious and important to keep your possession safe,then there is every tendency that your properties will always get missing because of your carelessness.Its not good to always walk with the one that is very important,it's as adviceable to atleast have atleast two phones,one for making of calls,and the other for online transaction.Keep the one you use for your transaction at home,and walk about with the one you use in making calls. Title: Re: My mind is unrest Post by: Despairo on April 04, 2023, 04:22:07 AM It is not that the PC should never connect to the internet because it needs internet connectivity to install the crypto wallet but rather when the USB drive is plugged into the computer it shouldn’t be connected to internet. I think I wasn't clear enough, what I meant is you need to have one PC which never connect to the internet and one device which you used to download the wallet, so after you have download it, you send the file to your PC to create a new wallet, this make your PC is safe enough since it's never connect to the internet.Just because the OP cannot afford a hardware wallet doesn't mean he or she has no PC at home. Sure he might have it, but obviously he has unsecured PC where he use it for everything including for claiming an airdrop and clicking random link on telegram, discord etc.Title: Re: My mind is unrest Post by: Zaguru12 on April 04, 2023, 05:44:49 AM It is not that the PC should never connect to the internet because it needs internet connectivity to install the crypto wallet but rather when the USB drive is plugged into the computer it shouldn’t be connected to internet. I think I wasn't clear enough, what I meant is you need to have one PC which never connect to the internet and one device which you used to download the wallet, so after you have download it, you send the file to your PC to create a new wallet, this make your PC is safe enough since it's never connect to the internet.The PC still needs internet connection to able to send out your bitcoin. The bitcoin or cryptocurrency isn’t stored on USB drive rather it is the private key and public key that is stored on it, the bitcoin is on a blockchain but needs the private key to sign a transaction. Why cold storage is just secured than the hot wallet is that during the transaction signing process the private keys are not connected to the internet server to make it vulnerable for hackers. Title: Re: My mind is unrest Post by: m2017 on April 04, 2023, 06:22:36 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? Yes, you can install an OS on a flash drive and use it to store bitcoin, for example, on electrum wallet (In Tails OS, this is already preinstalled in the system). But there is one caveat. Using a flash drive in this way wears out the device faster and the device may fail prematurely. Flash drives are not the most reliable storage anyway. In principle, this can be done, but you definitely need to leave wallet backups (seed phrase) so that in the event of a flash drive breakdown, you can restore access to bitcoin on another wallet or device.Why do I want to do this? I can't afford a hardware wallet right away and I just got a job where we are always asked to drop our phones every morning, all workers only have access to their phones after we closed at work, and that's in the evening, so many hours away. My phone has a fingerprint lock and others but those security men I don't trust them, there is also a company PC in the office at the checkpoint, I feel they might try something with my phone and as a hot wallet user I feel unsafe. I could give you links to manuals for installing an OS on a flash drive, but other users have already written enough about this in their comments. I have nothing more to add here. Keeping bitcoin on the phone's wallets that you leave in the wrong hands, even if only for a while, is also not desirable. It’s better to be safe once again and not have what you value on your phone. Title: Re: My mind is unrest Post by: btc78 on April 04, 2023, 07:24:55 AM A friend of mine just bought a Trezor Model One hardware wallet for just $70 and $15 shipping, less than 1/10 of that. so for OP this is not that much to consider buying while he is planning for long term holding. Quote If we do not want to spend too much money on more advanced versions, we can buy the most basic version, they are all equally safe. maybe the latest is more safer than old version and not equally yet it is practical to purchase and Own for starter or those who only have small amount to invest.Title: Re: My mind is unrest Post by: blackened515 on April 04, 2023, 07:37:19 AM I have read about an OS where one can install it in a USB flash and it's a good way of storing Bitcoin if one can't afford a hardware wallet sooner, can you give me a name and also where to read the installation tutorial? I am a kind of confusing here because I know OS as an Operating System so I don't know what OS comes to do with storing of Bitcoin. It might be that it is way of storing it. Hardware is not cost to get but depending on the country you are residing. And if the country you are is not selling hardware and there is no where to get in a close by place then you have to ship it from out country which will cost extra money apart from the purchase money. Another way I can also contribute to others who have advised you what to is that, since you don't have a backup system for the coins, I will advise you to write down the private key/ the seed phrase of the wallet for about three to four different places in your home and also do the same with the wallet password and install the wallet app or hide it with vaults so that it will be protected from third party. Title: Re: My mind is unrest Post by: Bobrox on April 04, 2023, 07:39:25 AM Hardware wallet is best place for saving Bitcoin fund, but its not really necessary when you have option holding assets in free wallet like Trustwallet or any mobile phone wallet. I have been several years with cryptocurrencies and still not use hardware wallet for saving bitcoin, most time hold and save bitcoin in exchange account.
Don't worry if you have not enough fund with hardware wallet and still not get computer for accessing you still use trustwallet, C98 wallet, Electrum and many other kinds wallet cryptocurrency support on mobile phone. I think every one want to get more secure about wallet for saving their assets, but mobile wallet still have high secure depend on our activities access. Title: Re: My mind is unrest Post by: Silver005 on April 04, 2023, 02:17:36 PM One have to be very careful with who you allow to touch or operate your phone because no one is trusted,due to what we have been seen in this world,
Again if os is 💯 percent sure of storing you Bitcoin in the USB,i don't mind spending my last card of money try to acquire it and store all my funds there and it will be safe, so as to let my mind be at rest, because my mind will never be at rest if there's no protective and secure place for my Bitcoin, I will always feel worries especially when it happens that my phone will be kept somewhere else where trusted and untrusted people are. Very very scaring indeed. Title: Re: My mind is unrest Post by: Rikafip on April 04, 2023, 02:49:39 PM Hardware wallet is best place for saving Bitcoin fund, but its not really necessary when you have option holding assets in free wallet like Trustwallet or any mobile phone wallet. Mobile phone wallets are one of the least secure ways to store your crypto and it should be only used as a hot wallet due several reasons; first, mobile phone (especially android based ones) are prone to malware attacks and 2nd, you open yourself to a $5 dollar wrench attack. I have been several years with cryptocurrencies and still not use hardware wallet for saving bitcoin, most time hold and save bitcoin in exchange account. If mobile phones are one of the worst places to store your crypto, then exchanges (and other centralized platforms) are the worst possible place. You are playing a very dangerous game if you think that your bitcoin is safe there after everything that has happened lately and milions of people losing their money because they used exchanges as banks (which they obviously aren't). After all, its far cheaper to learn from other people's mistake than from your own. |
