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Author Topic: Is wallet security important to use?  (Read 27720 times)
gabmen
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November 20, 2018, 10:23:53 AM
 #481

Most important for using wallet security, many people have lost their asset not only on myetherwallet but also on exchange account because they have use low security of their wallet.

Or being a bit careless in giving out information. I think more than wallets being hacked, info phishing victimizes a lot more people. That's why the safest option especially if you keep a lot of coins, is to keep it offline.

 
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November 20, 2018, 10:28:42 AM
 #482

Always use max security options that they offer you. Use google authenticator or some other similar method. These security options aren't there for no reason. These protect you from someone that wants to hijack your account and steal your funds. If your assets are important to you, which I believe they are, then use maximum security possible.

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November 20, 2018, 11:33:13 AM
 #483

Always use max security options that they offer you. Use google authenticator or some other similar method. These security options aren't there for no reason. These protect you from someone that wants to hijack your account and steal your funds. If your assets are important to you, which I believe they are, then use maximum security possible.
Yes of course because wallet is the store of our coin which need to secured because there's possibility it can be hacked. So its better to secure our wallet and have a strong combination of password that cannot be easy to guess like combination of letters and numbers, then make a password that don't have connected to you.
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November 20, 2018, 12:19:01 PM
 #484

Always use max security options that they offer you. Use google authenticator or some other similar method. These security options aren't there for no reason. These protect you from someone that wants to hijack your account and steal your funds. If your assets are important to you, which I believe they are, then use maximum security possible.
Yes of course because wallet is the store of our coin which need to secured because there's possibility it can be hacked. So its better to secure our wallet and have a strong combination of password that cannot be easy to guess like combination of letters and numbers, then make a password that don't have connected to you.
right, wallet is the place of our assets. with various security methods, I think it is very necessary, besides strong passwords, we can also use other security systems in the wallet
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November 20, 2018, 03:31:13 PM
 #485

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

It's definitely possible If they want an independent system in their countries.. In that way they can have an easier and developed economic system.
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November 20, 2018, 08:11:56 PM
 #486

Wallet security is veryimportant to you if you don't want to lost your savings. I think that you need to use all known methods of protection, as well as be careful when clicking on various links on the Internet. It's the main rule for me, for example.

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November 20, 2018, 09:56:49 PM
 #487

if you are sure of your ability to secure your private key and wallet, then you must use a personal wallet, whether it's PC-based, web-based, or maybe also based on a mobile device, it doesn't matter. but if you are unsure about your ability to save a private key, or then you can use a wallet exchanger which is also known to be safe.
also recognize the reputation of the wallet that you use, if you use a personal wallet, has there been a previous hacking case, or not
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November 20, 2018, 10:21:19 PM
 #488

Everything is clear with a cold wallet. It is easy to protect your assets from theft here, but here's how to deal with stock wallets. I know many people who have lost their money by transferring them to a stock exchange account for conducting purchase / sale operations.
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November 20, 2018, 10:33:51 PM
 #489

Wallet security is absolute for me, because that's where we store all assets, crime will continue to target the weak side of the wallet and we must be careful about that. I believe in domoet offline and also the hardware wallet for my crypto coin security
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November 21, 2018, 01:12:07 AM
 #490

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.


Security is really important in all aspect especially in digital thingy because it is more prone to the hackers. Security in bitcoin wallet is important for a reason that if you do not intall or secure your wallet there is a tendency that what you have stored and the some information it have will be hacked by the hackers. The money you earned so hard will vanish without you tracing who did it unless you are a professional in something like hacking.

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November 21, 2018, 01:16:41 AM
 #491

Most important for using wallet security, many people have lost their asset not only on myetherwallet but also on exchange account because they have use low security of their wallet.
Security wallet is the most important thing in storing your assets. without high security then just a matter of time all your money will be stolen because in storing assets in online it is very vulnerable to stolen. so make sure you add additional security such as 2fa in your wallet and your exchange account
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November 21, 2018, 01:51:40 AM
 #492

Yes, wallet security is quite important. Also, the more you have to save, the more you should invest in beefing up your security or finding a better option. Consider a wallet with a utility function like Incodium, it gives you compensation for losses in case of a hacking incident.

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November 21, 2018, 03:30:53 AM
 #493

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.
wallet security is the most important thing in trading, all traders have to secure their assets from hacker attacks, now crypto is very glimpsed by hackers because at this time in crypto there is a huge circulation of money every day, my advice is not to use one wallet to do trading in order to make your assets safe if you get phishing
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November 21, 2018, 06:44:22 AM
 #494

Usually, ordinary investors do not need to use a wallet, and good exchange is very safe. The demand for wallets is usually long-term investors or a large number of capital investors. My coins are usually placed on exchanges, I believe them, especially binance. This is a very good exchange.

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November 21, 2018, 07:04:27 AM
 #495

Some online wallets are also called custodial wallets because private keys are saved on third-party servers — a feature that heightens the security risk. Since exchange-based wallets have had instances of shutting down or being hacked, it is imperative not to store ALL your assets on these wallets. Desktop wallets are software programs installed on a computer/laptop and accessed directly from that device. The keys are stored on the hard drive and offer much better security. I would prefer a cold storage because it is similar to a safety deposit box or vault, or a savings account. They are best utilized for long-term storage of large sums of cryptocurrencies.
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November 21, 2018, 07:08:57 AM
 #496

Yes wallet security is important to us as crytpo holders. Those security feature in our digital wallet are more secured compare to other  security feature on other storage devices because of its two long security codes. Your cryptos can be steal if you are careless like giving your code to someone or scammed projects etc.

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November 21, 2018, 07:47:29 PM
 #497

Storing your crypto on either a cold wallet or a paper wallet is the safest way to store your crypto.

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November 21, 2018, 10:17:26 PM
 #498

don't underestimate the security of the wallet, wallet security is the number one, if we do not secure our wallet then all the assets we have will be lost stolen. I use all levels of security provided by the wallet, starting from Google Authenticator, email authenticator and sms authenticator..

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November 22, 2018, 01:05:55 AM
 #499

All of your cryptocurrencies depends on the strength of the security of your wallet so yours is easy to bypass then expect it to be hacked easily. Everyone that wants to venture on this kind of market should know first on how important securing using your assets first.
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November 22, 2018, 05:59:28 AM
 #500

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.

Ofcourse security access to your wallet is so important because it will not be hacked easily and it will be more secured and safe if it's have a security. And when you lost your private key you can also use some phrase that is given to open your wallet.
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