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Author Topic: Is wallet security important to use?  (Read 27720 times)
DaughterOFbitcoin
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October 13, 2018, 11:10:21 AM
 #421

My tip is to think logically, and check everything 10 times if you are doing something. It is easy to lose your coins if you are not focused. For a example if you are sending funds check the wallet address of the receiver more than 2 times.
Yeah you are right and especially before investing in crypto because investing in crypto means that you are giving the keys of your wallet to anonymous person and if there is any problem, you cannot claim your money. It can be hacked; you can forget your wallet address and so many other hazards. So it is better to think 100 times before going into cryptocurrency investment.
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October 14, 2018, 11:30:58 AM
 #422

The purse security should be in the first place, if you are going to work in the crypt.  Do not need to use a lot of wallets.  Better one is proven.

Nowadays they have many scammer, so i think one wallet is enough for us to used, to make it secure. So we can monitor from time to time.
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October 14, 2018, 01:07:02 PM
Last edit: October 14, 2018, 02:56:48 PM by Jateng
 #423

Do you guys have a better idea to avoid theft in the wallet?

Security is one of the most important thing. For me to avoid theft or to avoid being hacked I carefully checked or examine the URL if it is not a fake one. I also use trusted wallets with less issues and sometimes I transfer my token  immediately from wallet to exchanger, convert it then cash out.

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October 14, 2018, 01:42:46 PM
 #424

The purse security should be in the first place, if you are going to work in the crypt.  Do not need to use a lot of wallets.  Better one is proven.

Nowadays they have many scammer, so i think one wallet is enough for us to used, to make it secure. So we can monitor from time to time.
And if the wallet does not support this or that cryptocurrency? And it is profitable to work with this cryptocurrency. Maybe there is a wallet that supports most cryptocurrencies and is it proven? Tell me please.
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October 14, 2018, 03:22:07 PM
 #425

Wallet security is the most important thing, wallet security will protect your wallet from thieves. Protect your valuable assets with strong security.

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October 14, 2018, 04:00:27 PM
 #426

Wallet security is the most important thing, especially because many hackers are currently eyeing your wallet. give the best for the security of your wallet because it involves the assets that you have. Avoid suspicious sites to avoid phishing sites.

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October 14, 2018, 04:57:53 PM
 #427

Yes it should be used for security purposes because people are very smart now a days, few days ago my kucoin account got Accessed by someone from china. Because i was not activated Google authentication 2FA that's why i recommend that we should used all given features for security.
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October 15, 2018, 07:49:43 AM
 #428

...
...
Do you guys have a better idea to avoid theft in the wallet?

Split your holdings. Majority in a secured cold wallet and a small stack on the mobile/desktop wallet for daily purchases.
Or: Use a hardware wallet with seed being backed up in multiple secured places.

The key is to reduce the possible attack surface to a minimum.

And use your common sense. BTC's not only get stolen through digial/physical theft, but also through shitty ICO projects.

Shitty ICO project that wants you to install a software to connect to their network and receive worthless coins/tokens. Been there. Good thing I have some small knowledge about Operating Systems so I get to use virtual box and stake it in there. Such a waste of time.
I am wonder why you're asking such question? We all are aware that everything on internet is not secure anything can be steal by hackers or unknown person. Hackers are greedy and hungry for money they'll surly steal our money too.
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October 15, 2018, 08:02:59 AM
 #429

Of course, the security of the wallet is a very important element ... That is why I do not keep my keys on the computer!
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October 15, 2018, 08:29:23 AM
 #430

Yes it should be used for security purposes because people are very smart now a days, few days ago my kucoin account got Accessed by someone from china. Because i was not activated Google authentication 2FA that's why i recommend that we should used all given features for security.
Most reason why we needed to activate and extend any possible resort for securing our wallets is because of this hackers, without prior securities our assets are not safe and can easily sucked by people who loves grabbing things that didn't belong to them, so if given a chance to have more ways to
secure your investment, better to keep being updated and always find knowledge on how to protect your money.

 
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October 16, 2018, 07:31:43 AM
 #431

...
...
Do you guys have a better idea to avoid theft in the wallet?

Split your holdings. Majority in a secured cold wallet and a small stack on the mobile/desktop wallet for daily purchases.
Or: Use a hardware wallet with seed being backed up in multiple secured places.

The key is to reduce the possible attack surface to a minimum.

And use your common sense. BTC's not only get stolen through digial/physical theft, but also through shitty ICO projects.

Shitty ICO project that wants you to install a software to connect to their network and receive worthless coins/tokens. Been there. Good thing I have some small knowledge about Operating Systems so I get to use virtual box and stake it in there. Such a waste of time.
That's why wallet security is too much important. Its just like a robs in banks and to protect our money block chain just improve their security to make our money more secure.
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October 16, 2018, 08:00:40 AM
 #432

The wallet security helps us to manage the cryptocurrency and property of ourselves. It is necessary and important.
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October 16, 2018, 09:18:57 AM
 #433

I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.

If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:

Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.

yes, it is very important. while current device provide substantial security. still not very secure.
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October 16, 2018, 09:47:38 AM
 #434

If storing to another computer, don't ever connect that to the internet if the sole purpose is just to keep your bitcoin. And don't be so careless writing your private keys into a device that's connected to the internet as well, you don't do that if you want to protect your wallet.

As much as possible, dedicate a logbook/notebook where you are going to write all of those important necessary details that's related to your wallet. Traditional way of keeping records and information by just logging into a notebook is still one of the best and much better if you can put a protection cover to that notebook/logbook too.

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October 23, 2018, 08:35:35 PM
 #435

For securing your wallet, you must pay extra attention. You never keep your wallet info in all and decentralize it physically. I mean that do not keep your keys on your computer. Also, you must activate all given features for security. Everybody reads that will say what’s the new thing in this advice? But remember, everybody makes simple mistakes intentionally.
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October 23, 2018, 10:10:36 PM
 #436

For securing your wallet, you must pay extra attention. You never keep your wallet info in all and decentralize it physically. I mean that do not keep your keys on your computer. Also, you must activate all given features for security. Everybody reads that will say what’s the new thing in this advice? But remember, everybody makes simple mistakes intentionally.

many people are still complicated to store their private keys, even many are still entrusting in cloud storage, I don't understand why there are no password options or at least change the keys in person, this is very dangerous for users. At least wallet security is still very safe at this time even though the competence of its users must also be large.

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October 23, 2018, 10:58:06 PM
 #437

It is really important, you should control with most of attention that you can give it. Always check URL and wallet service which you are using.

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October 23, 2018, 11:16:34 PM
 #438

Of course, it is very important, crime in cyberspace is very high, and the most disadvantaged is us if we underestimate internet security... I once lost important data because I was not confident with the security of my device and network, from that I learned to care about security, so that my wallet was safe...

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October 24, 2018, 03:25:51 AM
 #439

I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.

If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:

Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.


These tips are actually helpful and is necessary for us to secure our earnings. In addition, we should be wise and smart enough to keep our private keys in private. There should only be one trusted person who will know about our private key.

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October 24, 2018, 03:35:18 AM
 #440

Of course, it is very important, crime in cyberspace is very high, and the most disadvantaged is us if we underestimate internet security... I once lost important data because I was not confident with the security of my device and network, from that I learned to care about security, so that my wallet was safe...

Wallet stores our most precious coins and if wallet is not save and hacked, we are left with nothing. This means that we should first make all the efforts to secure our wallet as rest of the things depends on how secure and safe our coins are.



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