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Author Topic: Tips on how to have the most secure and safe wallet  (Read 233 times)
khaled0111
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December 29, 2017, 11:32:20 AM
 #21

1. Use mobile phone.

2. Use the most reliable wallet available for mobile phone.

3. Use your mobile phone only as container for your wallet, do not use it for other things such as for phone calls, sms and especially opening websites or mining bitcoin.

4. Only turn on your mobile phone when you want to use your wallet for trading, sending, etc so when you don't use it then just turn it off. Use password protection on it so that when you turn it on it will ask for password that only you know.

5. Store your phone on an iron box or other secure box container, do not bring it with you and if you need a mobile wallet then just make a secondary wallet with the same tips here but with the exception it only have bitcoin with just the amount of you need for buying things, do not bring your main wallet with you where all your bitcoin stored.

It is good to be vigilant but donesn't meant becoming paranoid.
Buyinga hardware wallet like nano or ledger can be safer and cheaper in the same time than buying a smartphone and disable all its features.
You can also store your Bitcoins in different wallets, thereby, if one of them get hacked you don't lose all your money.

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Kajune (OP)
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December 29, 2017, 11:53:57 AM
 #22

1. Use mobile phone.

2. Use the most reliable wallet available for mobile phone.

3. Use your mobile phone only as container for your wallet, do not use it for other things such as for phone calls, sms and especially opening websites or mining bitcoin.

4. Only turn on your mobile phone when you want to use your wallet for trading, sending, etc so when you don't use it then just turn it off. Use password protection on it so that when you turn it on it will ask for password that only you know.

5. Store your phone on an iron box or other secure box container, do not bring it with you and if you need a mobile wallet then just make a secondary wallet with the same tips here but with the exception it only have bitcoin with just the amount of you need for buying things, do not bring your main wallet with you where all your bitcoin stored.

It is good to be vigilant but donesn't meant becoming paranoid.
Buyinga hardware wallet like nano or ledger can be safer and cheaper in the same time than buying a smartphone and disable all its features.
You can also store your Bitcoins in different wallets, thereby, if one of them get hacked you don't lose all your money.

Hardware wallet are invonvenient because you need to connect to the internet to use it, mobile phone is simple where you can turn the internet on and off whenever you want without connecting anything.
HeRetiK
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December 29, 2017, 04:15:04 PM
 #23

It is good to be vigilant but donesn't meant becoming paranoid.
Buyinga hardware wallet like nano or ledger can be safer and cheaper in the same time than buying a smartphone and disable all its features.
You can also store your Bitcoins in different wallets, thereby, if one of them get hacked you don't lose all your money.

Hardware wallet are invonvenient because you need to connect to the internet to use it, mobile phone is simple where you can turn the internet on and off whenever you want without connecting anything.

A hardware wallet you simply plug into any internet connected laptop or PC, nothing inconvenient about that. It's just an USB device, not rocket science Smiley


using anything digital that can lose data because of any kind of hardware or software malfunctions is not the "most secure and safe wallet" ever.

[...]

Which is why you keep paper backups of your hardware wallet seed. A hardware wallet basically simplifies paper wallet usage, in that you can store coins with the safety and reliability of a paper wallet, without having to swipe your private keys onto a potentially compromised device once you decide to transmit a transaction.

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shi07
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January 01, 2018, 12:03:43 AM
 #24

Helpful tips. I think the most important is to use a strong password that you don't disclose to anyone.
Suptiele
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January 01, 2018, 11:26:31 AM
Last edit: June 24, 2020, 12:33:37 PM by Suptiele
 #25

mobile wallets is so risky also price of phone is high for just save bitcoin.
mobile wallets need a continuous update of the operating system, otherwise, over time, any malfunctions that lead the phone to death may occur to them, continuous updating means maintaining the connection to the network.
Many older phones have physical access problems, so they should be kept in a safe place.
you try something like hardware wallets cheap and high secure
Malamok101
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January 02, 2018, 04:54:19 AM
 #26

you should be sure of the wallet that you choose and most of all should be tested on this site but at the moment you must have a wallet, but if you want it to stay safe and not hack someone else's way it's easy your bitcoins are safe, you should not say it to others and it should have a 2nd code to put your phone number in order for it to be safe.

hias
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January 30, 2018, 07:44:11 PM
 #27


Actually everyone recommend a hardware wallet, however I have some questions regarding that topic:

1. Where do most people store there less known Altcoins? Since many of the Altcoins are not supported so far by the hardeware wallets.

2. How can I be sure that a newly purchased hardware wallet was not corrupted from the manufacturer or a middle man who is selling the wallet?

3. If I use a software wallet , how can I be sure the file is safe to use? Is there a kind of checksum or any other good method for securing  the file is safe to use?

Thanks!
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