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Author Topic: [GUIDE] Bitcoin/Cryptocurrency Wallets and it's risks [UPDATED: 10/8/2018]  (Read 345 times)
D-cryptoholic
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May 14, 2018, 09:22:00 AM
 #21

Hello there, you briefed very nicely about the wallet security. I am a newbie in cryptos and holding some worthy coins at the moment. The only wallet which i hold at the moment is myetherwallet. Can you please tell me how can i make much more secure. I have a plan to hold my coins for at least 3 years. I would appreciate your time to reply me. Many thanks
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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cryptosec.info (OP)
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May 14, 2018, 12:23:22 PM
 #22

Thanks for the information. It's really important to know for beginners like me. May I use various wallets as a way to keep my coin safe?
Can you specify which wallets specifically and why you plan on using "various" wallets?
Hello there, you briefed very nicely about the wallet security. I am a newbie in cryptos and holding some worthy coins at the moment. The only wallet which i hold at the moment is myetherwallet. Can you please tell me how can i make much more secure. I have a plan to hold my coins for at least 3 years. I would appreciate your time to reply me. Many thanks
Use a hardware wallet; preferrably a trezor or a ledger nano s. Especially since you're planning on holding for 3 years. Security should be a priority especially if you're holding huge amounts.

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May 15, 2018, 03:49:39 PM
 #23

But I think ledger nano s and Trezor doesn’t support all the currencies. Am I right? I would be thankful if you could suggest how can I keep them much super  secure using myetherwallet. Regards
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May 15, 2018, 04:37:36 PM
 #24

But I think ledger nano s and Trezor doesn’t support all the currencies. Am I right? I would be thankful if you could suggest how can I keep them much super  secure using myetherwallet. Regards
True. But you can use Trezor and Ledger Nano S to access your ETH and ERC20 token funds on MyEtherWallet. So I'd still prefer hardware wallets even when just using myetherwallet.

Take a look at this screenshot: https://i.imgur.com/ScBzEhZ.png

Also, you might also want to view the small guide I posted here on bitcointalk recently: Topic: [GUIDE] Keeping your crypto secure: DOs and DON'Ts

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October 07, 2018, 04:18:29 PM
 #25

Bump! Cleaned the whole post and polished it a bit. [UPDATED: 10/8/2018]

Thoughts?

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