Bitcoin Forum

The end of the year is the peak of the holidays for everyone and I'm sure every forum member here is eager to do so too. But I want to remind you a little that don't let you go anywhere if you don't really secure your assets and wallet.

Some important tips may have your thought of to secure it, but I think you really need to check it one more time for better security. Maybe it would be good for you to share some good tips here for more people to know although I'm sure we already have tons of thread on asset and wallet security. But there is nothing wrong when we want to remind each other.

I wish you all a happy and take care of your health and safety. Make sure you always maintain health protocols because covid can't really be prevented by vaccines.


The best of BITCOIN4X

Thank you so much especially we newbie that are new to Society we will take advice of ours has a concrete pillar that last for so many years that is your advice last on my memory, infact it has started working for me because now  I have secure my wallet address and everything safe for me not to messed up with it, thank you so much I salute

The most important thing for new people is that they frequently check the scams/accusations thread on the forum to be well aware of what kind of scams are out there and what new sites are to be avoided. This is the best first step in asset protection, to be aware of one's surroundings and to know what to look for when managing their assets.

Buying a hardware wallet is really worth it. You don't have to worry about it, just buy either a trezor or ledger or keepkey.

I suggest ledger since I have no experience with the other two. Then, keeping the mnemonic words is where the challenge is. But never attach or input it on any cloud storage because it's not really advisable.

Aside from writing it on, I've seen folks that have engraved those words.

Especially during this Christmas season, a gift-giving season, why not give security as a gift? For sure, every member of the Bitcoin community has friends who have yet to buy a hardware wallet. That's definitely a nice gift friends would surely appreciate. The thought of sharing and the thought of keeping one's crypto safe in one. Ledger, in particular, offers significant discounts to purchases in bundles. It'll be worth it.

Beware of phishing links, this is very important because we may receive lot of promotional emails and links via other social media even from our close friends circle but they maybe sending them without actually knowing what os embedded into the link so ignore the surprise links and keep your Bitcoins safe.

This. Just for more information, Ledger has a "family pack" whereas you're purchasing 3 Ledger Nano S's bundled for like a 20% discount; perfect for giving them away to friends and family. Quite weird how Trezor doesn't have a similar deal imo.

https://shop.ledger.com/products/ledger-nano-s-3pack

Holiday season is almost but too bad we can't celebrate as we (fellow countrymen) hit by typhoon rai and many have lost homes and that of course include where I live. In my opinion, many will not do a gift giving. For security measures, I don't have problem with it as of now as internet connection is very slow due to the typhoon and no electricity. We are lucky that we were able to recharge our phones and other gadgets to be used when the night strikes mostly lights.

Not for everyone bro. In fact for a lot of people this is just the start of winter and there is still 3 months left to the new year which is celebrated at the first day of spring which as I say every year also makes a lot more sense compared to celebrating it in winter. ::)
For example for the past 3000 years people in Persian Empire have been celebrating Nowruz (literal translation: new day) in first day of spring and have their holiday then. Currently that is more than 400 million people.
There is also Chinese new year and their holiday celebrated by Chinese and some other parts of the world that takes place in February.

I think the safest one is complete prevention. We can't stop those scammers from jumping to every method they got so the best way is too alllot extra cautious with whatever means we can use. Some mentioned already protection on wallets, but the most importantly is to avoid such giveaway that isn't legit or kinda suspicious we only seek loss when keep trying hard to get persuaded with those smart scammers.

The tip will do not carry your crypto wallet anywhere you go and take it in a safe place that only you will know. Maybe you can carry enough money to use in that place and prepare some more money for urgent things.

You can buy a hardware wallet and transfer all of the assets on that wallet and keep that wallet in a hidden place. That will be good for you because you do not have to worry about anything. I prefer to stay at my home at the end of this year because with reducing the social distancing, and it seems, people will use their time to gather in one place to celebrate the new year. That will be dangerous for people. They can forget about the Covid because they will be busy enjoying the new year.

I’d add to the list, to revise and event test your contingency plan, in case you should pass away. Not the best of xMas thoughts (the latter part of the prior phrase), but shit happens. The more your crypto builds-up, the more reason to have a though out plan, tailored to your circumstances and the profile of your potential inheritors. Contingency plans should be tested and tweaked every now and then, so a fun little drill test (to the applicable degree) may be something to ponder these days.

Edit:
My comment was not aimed at you specifically, wherein the term "you" refers to any reader.

Holiday season or not, your most valuable assets should always be safe and sound with the seeds and private keys stored in cold storage or hardware wallets.

I have often wondered about that myself. Even though there are no deals like that on the official website, you might find a better offer if you browse through the portfolios of their resellers. However, the global chip shortage is the reason why we can't expect significant discounts except the 13% off if you make a reserve order for the Trezor Model T for February 2022.

Probably. I'm pretty sure Ledger was also affected by the chip shortage though, because if my memory serves me right, they also had a Ledger Nano X 3 pack on their store as well. They're probably just oversupplied with Ledger Nano S's lol.

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EDIT: yep, been out of stock for a while: https://shop.ledger.com/products/ledger-nano-x-3pack

Only one thing i like this period of celebration of Christmas is because people show the less privilege and others massive love of happiness, it's the time we know the people that loved us mostly, know matter the level of hatred in the society or the environment we dwell the circulation of love, career keep on moving.

This compilation will be one of the best gift

Good topics on security and privacy (https://bitcointalk.org/index.php?topic=5239098.0)

How about also going through this thread

Open Source Hardware Wallets (https://bitcointalk.org/index.php?topic=5288971.0)

There is nothing better than for a wallet to be completely open source.

Wallet security is our priority to secure the assets we have, but not infrequently many hackers are able to steal the assets we have, for me personally now the only way to secure my wallet security is to install a fairly complex password and write it on a piece of paper, Besides that, I collect my wallet on a cellphone which I specifically use to store the wallet application without browsing the internet, and usually I will turn off the internet network if I am not accessing the wallet, this is to prevent the wallet or cellphone from being affected with dangerous internet viruses and phishing links that are now widely scattered today.

It's very important and it's great to see you warn newbies about this importance again.

Notyourkeys (https://notyourkeys.org/)
Recommended wallets (https://www.lopp.net/bitcoin-information/recommended-wallets.html)
Good topics on security and privacy (https://bitcointalk.org/index.php?topic=5239098.msg54186093#msg54186093)
Choose good wallet and verify it. Don't trust, verify as saying goes in crypto.

Let's keep social distancing till the end of pandemic that might be closely but we must keep up our preventive pubic health measures.

Whoever you are, whatever your type of work, whatever your interest in this forum, then wallet security is the main thing you should think about and do. I know that there is already a lot of great advice and tutorial for anyone (newbie or high ranking users) to try when it comes to wallet and asset security, so it might work for you too if you really care about security. Furthermore, I also want you to continue to improve your knowledge and skills posting on this forum beyond being a bounty hunter who will only make up most of your time wasted.

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LOL, I know bro, but I mean it should be for most people and not for everyone who likes to spend holidays at the end of the year. It may be different from European countries where people prefer holidays in the spring or at other times. :D

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That's right, that's the main point for anyone who cares about his precious asset. Bitcoin is money stored on a blockchain where the owner is responsible for keeping it safe with complete control over the bitcoin. So having a hardware wallet and backing up your wallet is one that is always recommended regardless of when and under any circumstances.

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Of course it's important but I'm not just talking about myself and it should be for everyone including you. In my opinion asset security is not only about how the asset is not stolen or lost, but also about how the asset can still be used by others after the owner dies because without inheriting wallet reserves and inheritance it is impossible for these assets to change hands. This may be one of the most sensitive things for some people, but it is a very useful thing to think about when you and others have quite a lot of assets piled up.

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Check out Ratimov's thread for those of you who want to learn more about how to secure your wallet and assets Beginners & Help Encyclopedia [UPD: +Electrum Board] (https://bitcointalk.org/index.php?topic=5364418.0), it lets you get a lot of useful threads according to your needs. Apart from that I can only respond to some of your posts, but I have read all of them from you.

Some would say it’s better to become aware of some things ever than never, but if you haven’t done it all year, then you’re really in trouble - it’s not something to be left for later. Lesson number 1 in my philosophy is that everyone should first learn how to be a banker, and only then open a bank - which means that one should first learn the basics (even more than that), and only then invest in cryptocurrencies.


Purchasing such a device does not provide 100% security, there is no such thing. If the user is not aware of possible risks such as clipboard malware and the importance of keeping his backup (seed words) in a safe way - then he is still at risk. Also instructed by the experience with Ledger leak, I would not recommend anyone to buy such devices in a way that uses their personal data - use a PO mailbox, or find an authorized dealer who has a physical store and pay in cash.

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While it may sound weird, don't brag to your friends and acquaintances about investing in cryptocurrencies, you're just drawing a target on your forehead - there are bad people around every corner, and they don't hesitate to come and get what's yours.

It seem that the end of this year is not the right time for traveling ^[holidays] considering that many countries are being hit by the new variant of the Omicron coronavirus. Very dangerous for health, maybe a little sorry to say that I won't be going on vacation later this year just because I'm worried.

Regarding wallet security, maybe I agree with @Pmalek's opinion ^{[holiday or not, wallet security number 1]}. Nor will I add too much advice on how one can implement good security for one's assets as is generally achievable just by having a hardware wallet. Yes, I think anyone who has a lot of assets needs to get this wallet, it's not expensive but maybe not too familiar for those who often store their assets in a custodial or non-custodial wallet.

I just want to add that if any of you want to take a vacation then make sure all your assets are transferred to a non-custodial wallet like electrum or to a hardware wallet. This will give you a better sense of security than keeping it in an exchange wallet ^{[if you are a trader].}

I really like the idea brought up by the OP because this holiday season a lot of people always traveled and the first thing every cryptocurrency holder has to have in mind before traveling is how to secure her bag because it's easy to be vulnerable to attack when travel.


It is just like the saying "Not your keys, not your coin" if a crypto holder can not secure her wallet it's also not her coin. Security play one of the vital roles in cryptocurrency.

That's right, my country's government just announced it some time ago so the one thing that is most likely for me to do is maintain health and implement health protocols.


Safe is not expensive, but what makes it expensive is your selfishness in determining how important security is. I'm still trying to do my best to keep my wallet safe because it's my money as well as my bank. If you agree about the decentralization of your asset, then you should strive to be the first person responsible for the security of your asset. So there's nothing wrong with having a wallet with reliable security like a hardware wallet, it costs around $150 to $200 and it's probably a small amount compared to the amount of asset you have.

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The OP certainly wouldn't hurt to remind newbie and many others users about his concern for security even though there are many previous thread I could find. It's much better to repeat something important than the occasional bullshit.

@BITCOIN4X
Since most of the comments are about hardware wallets, I'm going to suggest the following thread to newcomers: Attack vectors for Hardware Wallets (https://bitcointalk.org/index.php?topic=5321850.0)

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Back in the day, maybe but I don't think it's worth getting any of the current Ledger's lineup:

• Ledger Nano X Battery Pandemic (https://bitcointalk.org/index.php?topic=5358741.0)
  ^{- It's not just limited to battery issues!}
• Why I wouldn't buy Ledger Nano S ever again? (https://bitcointalk.org/index.php?topic=5370521.0)
  
  • Ledger Nano S Plus (https://bitcointalk.org/index.php?topic=5376279.0)

Maybe because we consider hardware wallet to be one of the best for bitcoin storage wallet although everyone can decide which is best for himself and his assets. Of course dkbit98 gave us a good knowledge of some possible hardware wallet attacks. I hope people will read it too.

That philosophy should also apply to other businesses outside the context of valuable assets (bitcoin or altcoin). But you're right about that where we really need to know the gist of what we're doing and if it's an investment then obviously we have to care about its safety.

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I don't know what to give you this time end of year as a small gift, I don't have much to share with you this time of year (perhaps just a little knowledge or just a pointless post). I'm only giving 1 merit for each of your answers in the thread although I think you deserve more. Accept it even if it's not very interesting.

A friend of mine bought some sats two years ago and has been hodling them in Binance since then. I told him that it wasn't a good idea, but the little investment he made didn't worth the purchase of a hardware wallet (he could've sent them to Electrum in his PC or whatever, but he was too lazy).

Now the value of his investment has increased considerably, to the point that a hardware wallet would suppose a little percentage of it. Taking advantage of the fact that Binance has now implemented mandatory KYC in our country to everything but withdrawals (for now), I have once again tried to convince him to at least withdraw his funds, but he won't touch them.

Good idea to remember Newbies that funds are not safu in exchanges. Good idea for a gift, the one of a hardware wallet. I hope we have better luck convincing more people in this thread than I have had in real life.

I've been with my Ledger S for years and it is still functioning as new. The Nano X really has problems that's why I stopped thinking of buying it.

About the clipboard malware, it's on the user's attitude of how he's using his personal computer. It's a good reminder about such so that those that chose to purchase will be aware of the possibilities and risk that they might get. But still, it adds security since upon accessing and sending your assets through a hardware wallet e.g. Ledger Nano S, you have to verify it first through the hardware.

Yeah, those are also good suggestions.

I believe in the saying – If it's not broken, don't fix it. If anyone has been using a wallet from a few months' past and hasn't had any issues till now, I think they're fine. The problem with most people is that at a time like this, there's always a mad rush to hit it big and cash out. So, anything that comes their way is taken as a gift from some supposed benevolent airdroppers. The airdrop could even be from a phishing site. It's about time people started thinking that airdrops are veritable ways to hack their accounts, and with that mindset they would become more careful clicking on links. I shared a related experience I have on another thread today.

@BITCOIN4X thanks for your reminder, pls everyone you have to secure your wallet address to avoid wallet hack this festive season make sure you store all your funds in your non custodial wallet and make sure you secure your private key. Two of my friends wallet have been hacked just few weeks ago which is very painful, pls make sure you secure your funds.

Yes, it's the holiday season and we should take care of the most important asset in our life. As for me, I make sure no one could access my device so my computer will not be compromised, all my hard wallets are kept safe to ensure that I have something to enjoy in the future if my portfolio will skyrocket.

Also, you are right that we should take care of our health because that's the only way to enjoy our wealth in the future, let's beat the covid-19 by protecting ourselves with vaccines.

Thanks for the reminder @BITCOIN4X.. happy Holidays to you.

In this long holiday season moreover with the very special moments of Christmas and New Year, will commonly give certain impacts to the crypto market. Many people may cash out their assets fot hese special moments with family.
The market may be down.
But I personally don't realy mind for it. It will depend on  what kind of money management on us. Some people may have been cashing out to secure the assets and some may be still holding for other term of investment.
Just don't panic with this situation and whatever market condition.

I agree with this some holders withdraw their money to spend this upcoming Christmas day and new year's eve.
But we must secure our wallet address to prevent loss cause I think that the hacker's attacks on this holiday season.
@BITCOIN4X thanks for the tips bro it really helps everyone here in forum to double their security to their respective wallets.

We all want some enjoyment and relaxation in our life to keep us away from stress and this Christmas holiday season is the best time around the globe to celebrate but yes security of funds is our top most priority and we must not carry anything secure with us or get them lost which could be bad new year for anyone who get into this kind of situation and you are right on that part.

For example whenever we go outside with family on vacations we lock our houses and safe to ensure their is no trespassing into the property and all the security measures are taken into consideration properly so similar is the case with our funds and investment as they need to be stored properly in case they don't get lost or stolen this time.

But i would like to add not on holding season but over all the time we neee to have a proper check that our seed phrases are safely Stored wherever we have put them and our hardware wallet is safe with you all the time.The funds are your responsibility and you are solely responsible for them.

Happy Christmas to all in advance and be safe guys as suggested by @OP.

Of course, if you do something wrong, then you can't hope to get good results. The problem is that today's young people want quick success, which means they don't want to work hard, and cryptocurrencies seem like an easy way to succeed overnight. Everyone should know that this is not child's play, and that every investment requires good preparation, which consists of acquiring knowledge, understanding risk, and self-control.

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Undoubtedly security is greater than on desktop or mobile crypto wallets, especially when we consider that seed is generated in a secure environment. Also, every action on HW must be confirmed by pressing device buttons, the problem is that some take it very lightly or do not understand that there is clipboard malware. In addition, when it comes to HW as Ledger S, you should know that due to the size of the screen, each address is displayed in three parts, which can be confusing for some users.

What is dangerous in this case is that the database of addresses used by hackers tries to find an address as similar as possible to the one used by the user at that time - it is very easy for the insufficiently careful eye to be deceived that it is an identical address.

I think it was dkbit98 who talked about this a few months ago. But if I remember it correctly, we haven't seen cases where hardware wallet users were affected by this in real life. It was just a presentation and explanation of how such a vulnerability can be applied to hardware wallets.

@dkbit98 can you fill us in?

Maybe I will secure some of my assets in the form of USDT or other stable coins. I have TREZOR and I've kept some of my assets there. Indeed in some periods there is some news that the end of the year may be a lot to replace in the form of stable coins or even cash in fiat form for the holidays. Yes it's a form of self-entertaining at the end of the year. But I don't think the end of the year will have a big impact on crypto price movements. What I'm hoping for is that the price will get higher.

Advice well recieved. Security should always be our watch word. Both Security of the wallet and even Security of lives and properties as the year draws to the 11th hour.
This is the time hoodlums intensify their strategies.
This statement is too emphatic. If I should ask, what then is the essence of the vaccination?
1. To prolong life after being infected?
2. To mitigate the severity of Covid-19?
3. International conspiracy?

KingsDen, Vaccines only help you boost your immune system, which can slightly reduce your risk of infection. Vaccine recipient are not 100% free from infection if they do not maintain health and health protocols, and I think you also know what the essence of vaccines is. I don't want to go into too much of a vaccine issue in this thread because what I'm emphasizing here is the safety of your assets.

Glad to hear you all have the right way to keep your wallet and asset safe during this time. Bitcoin and other valuable altcoins are the gem most sought after by scammers /cyber criminals or in the real world, so make sure you also care about financial privacy where you should never tell anyone about the estimated assets you hold. Silence is sometimes better than showing off too much wealth on social media. I'm not a hypocrite, but I don't like things like that.

yeah,indeed it is the 11th hour,and this is when all sought of despirate acts  happens,this is when corruption used to be on a high speed,this is when properties are always been looted.This is usually a period of time when Human being want to always meet up their demands by stealing or forcing something from people. 

It's a period of time that man needs to be extra careful and to keep his or her asset save from criminals.

The Christmas holiday season is here, is celebrated once a year. Don't let the fun of the season makes you lose your focus on securing your assets. Don't lose your phone while catching fun during this Christmas celebration, thinking that your private keys are secure at home. Friends can hack into your phone before you know it. Mind how you tell people about your crypto asset, to avoid such stories.

@Pmalek, I don't think there is any difference between clipboard malware for HW or desktop/mobile wallets - the principle of operation is identical, malware will try to replace the original address with a fake one controlled by a hacker. The difference is that those who use HW have insurance that stems from the fact that they have to confirm the transaction at the touch of a button - while in desktop wallets most do not use the preview button before clicking the send button.

Clipboard malware, which is a bit more sophisticated, tries to make a difference by changing the original address to something similar, so that for those who even check an address, everything may seem fine.

An interesting article on how this malware works -> Clipboard Hijacker Malware Monitors 2.3 Million Bitcoin Addresses (https://www.bleepingcomputer.com/news/security/clipboard-hijacker-malware-monitors-23-million-bitcoin-addresses/)

I'm have send another small giveaway today (1 merit for different users) in this thread, so take it as a gift from me even if it doesn't mean much.

I'm happy when you understand what I mean. Asset security, financial privacy are very important things to always be maintained under any circumstances, whenever and wherever you are. I'll be locking this thread, so happy holidays to you all. Careful, friends.