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Author Topic: How do you keep your wallet data safe?  (Read 185 times)
Joeri124 (OP)
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April 07, 2018, 08:53:04 PM
 #1

I've been investigating about keeping safe my etherwallet data, what do you use to keep your private data safe?
any suggestions?

Do you think it might be dangerous to keep your private codes in a note on your pc?
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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April 07, 2018, 09:22:03 PM
 #2

Keep your private key in a note on a PC is dangerous. Not only Hacker/Malware/Virus can steal your keys, have you trust to all members from your friens/family when you leave he alone in a room with your PC? What is with Hardware defects?
I think a offline storage is the best. Paperwallet or better a cryptosteel at a secure place is the best security for your keys.

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April 08, 2018, 03:23:17 AM
 #3

You can use paperwallets, but they're pretty difficult to make properly, so if you're investing a significant amount of money into cryptocurrencies, I suggest getting yourself a hardware wallet like a Ledger nano S[1] or a Trezor[2] instead. Might be pricey for some, but better safe than sorry in my opinion.

Also, read Topic: [General] Bitcoin Wallets - Which, what, why?


[1] https://ledgerwallet.com/
[2] https://trezor.io/

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April 08, 2018, 05:34:37 AM
 #4

Coincidentally, someone else on this forum just wrote a post, on this Beginners board that answers your question fairly well.

Look for the Let's Talk Privacy thread.

They don't talk about etherwallet data specifically, but the content contained in thread will get you started.
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April 08, 2018, 06:25:16 AM
Merited by ebliever (3)
 #5

The safest way is to store your coins offline (cold storage), as opposed to online (hot storage). Also, NEVER store your coins on an exchange. If the security of the exchange if compromised, your coins are gone. Some exchanges have better security than others, but if you end up with your coins/tokens on an exchange that stores most of their crypto in hot storage you are SOL if things go down south.

I wouldn't recommend using a paper wallet unless you know what you're doing, and even if you do it's better to just get a hardware wallet. I have heard horror stories about people generating their own paper wallet and getting all of their bitcoins lost/stolen. So yea, just don't do it, especially if you're still trying to figure out how best to store your digital assets. I found a pretty good article on steemit about paper wallets, which might give some insight as to why people may have issues with them: https://steemit.com/bitcoin/@michaelmatthews/warning-how-i-lost-bitcoins-using-a-paper-wallet.

And here's a tutorial on how to use the Ledger Nano S. You don't need this one specifically, but the tutorial looks pretty good. Simple and to the point: https://boxmining.com/hardware-wallet-guide-ledger-nano-s/

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April 08, 2018, 06:57:53 AM
 #6

No. Even Google Drive can be hacked.

Bitcoin and crypto are like personal banks. Ethereum is less of a bank than bitcoin, but you can treat it the same.

I would invest in a "vault" like a PC or hardware wallet that's only used for crypto purposes.

You most probalby won't get a virus or malware if you have a PC that's always disconnected to the internet except for when you want to touch your crypto, which is when you connect it to the internet to sync blockchain and access your wallets. Don't use that PC for anything else, not even checking your email. Update the OS regulary... you should really be fine Smiley.

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April 09, 2018, 10:31:58 PM
 #7

MyEtherWallet is a very easy place to do a phishing to steal your credentials. It is advised to not enter the website from any links you get. Go directly to the site by typing, Google or your bookmark. And always double-check if the URL is correct https://www.myetherwallet.com/

Hope this helps!
Novania
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April 10, 2018, 03:29:12 AM
 #8

Here are the steps you should take to keep yourself safe.
1. Always make sure the address of the site you're visiting is correct and not a fake site
2. Use two-factor authentication across your Bitcoin wallet and email address
3. Use the password manager program
4. If you're using a Gmail account, perform a security check
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April 10, 2018, 04:38:26 AM
 #9

Do you think it might be dangerous to keep your private codes in a note on your pc?
Well i hope its a joke in a way, ironical question Tongue.
If not then of course its not secure. Anyone can see it, plumber, mailman, repair-man etc. not to mention family members.
There are many more secure ways Smiley
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April 11, 2018, 03:43:42 AM
 #10

When you created a My ethir wallet (MEW) account then you will to keep safe your wallet password and you do not show your password any forum related working, if any one know your password then he will stole your wallet money so keep safe it at a privicy lock and keep it.
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April 11, 2018, 03:56:24 AM
 #11

I use a hardware wallet, you can easily access the coins on the wallet via MEW. The hardware wallet seed is stored in my bank locker, only my wife and me have access to the locker.

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April 11, 2018, 04:08:01 AM
 #12

This topic entitled "Trust No One" gives some helpful information on how to keep your wallet information safe : 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.
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April 18, 2018, 12:58:56 PM
 #13

Write it down in a paper then fold it to the size of your wallet. Just make sure to not lost your wallet.
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April 18, 2018, 02:50:52 PM
 #14

I usually compress the keystone wallet mew file into a rar password file. Then copy each one to googdrive, dropbox, onedrive . When opening the wallet, I open the keystone file in the USB stick.
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April 18, 2018, 03:01:12 PM
 #15

i My opinion should not be used MEW wallet (no 2FA).Just try to save to another wallet
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April 18, 2018, 03:11:18 PM
 #16

I've been investigating about keeping safe my etherwallet data, what do you use to keep your private data safe?
any suggestions?

Do you think it might be dangerous to keep your private codes in a note on your pc?

At the very least encrypt the note on your PC. Most versions of Windows have something called "Bitlocker" which encrypts the document, definitely start with this. Also, make sure the file name isn't something obviously related to crypto. A name like "Blueberry Pie Recipe" would throw off any would be hacker looking for private key data.

We created a "Cryptopedia" that covers the advantages and disadvantages of each wallet type:

https://midcrypto.com/pages/cryptopedia
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April 18, 2018, 04:02:46 PM
 #17

Write it down in a paper then fold it to the size of your wallet. Just make sure to not lost your wallet.
Simple yet very effective. I'll add to this one, create many copies as back up maybe 2-3 of it. Take one copy always with you on your wallet/pocket while the remaining copies keep it somewhere that no one knows. It's fine to keep your data's on your PC but make sure that you don't click malicious websites or download software that you are not familiar with.



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