Is wallet security important to use?

[hilawnasaging]

We really need a high security in terms of e-wallet. Imagine that the food you are buying/producing is always with flies?? It's like a feast for flies. Like in e-wallet, if we are accommodating low security for our account, hackers can easily bypass through it and get everything we have work for. Right? We really need a high security wallet that will surely guard our wallet for bypassers.

[medussa]

When it comes to cryptocurrenc wallets, passwords are even secondary especially when compare with your private keys, lose your password, you can get it back with your private keys,lose your private keys, funds are gone forever

[AirFlame]

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.

This is already an old topic and it’s only a dumb person that doesn’t know that they are supposed to secure their wallet properly. And by the way, your Bitcoins are not stored in your phone if you’re using a mobile device, neither does it store in your computer if you’re using a computer.

I don’t know what wallet you’re using cause I haven’t seen anyone that stores it to your device. You should try to back up your wallet and also make use of two factor authentication to secure it.

Everyone keep their important items in a safe and secure place. Same is the case about crypto currency. You need to give full protection to your wallet, you can use different wallet and different strategies for giving more security to your wallet and specially to your online wallet.

[maculeth]

the most important thing is to keep a good keystore, and also a password. do not forget. because if you forget, it's our fault, and at MEW, I don't see the "forget password" feature.

[jeromix]

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.

Well in my case i have save a hard copy of my private key each of my digital wallet. I do not trust with the software copy since we do not know when will our gadgets and equipment damage. A huge problem may arise if one only having a single copy of private keys stored in one gadgets or computers. IT should have at least three copies of it in different gadgets and again it is better to have a hard copy for it.

[Brunusmagnus]

As there is no central authority, in the crypto world security is everything: if someone can access your private key, you can say goodbye to all your money. So, maximum attention!

[Nick Abimanyu]

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.

So far I haven't personally experienced a case that's so heavy on my wallet, and I still feel comfortable. So I can't go any further, with knowledge as far as I know I think what you say's true that's by doing an encrypted backup. Because with an encrypted backup at least it can make us feel safe and comfortable.

[Altf4]

I should say that wallet security is the most important in this crypto investments because this is the place where you put your coins and stored them for future use, this digital investment can not been taken easy as there are many hackers who wants to steal our deposits ,so it is very important to secure our wallet first among other things.

[princejohn19]

Yes wallet is so very important to use because we need to secure it from the hackers because some people will do anything just to hack or scam just for their self.And the wallet help us also to manage our finances.

[Andrej Peiboski]

It seems to me to be a meaningless question: perhaps someone has not yet understood that we are talking about MONEY.
And when it comes to money, it seems to me that security should be in first place. Am I wrong?

[izza123]

Hackers use your desire to change something in the standard browser settings. You install extensions, which, for example, make the interface more convenient, and scammers use these programs to read the transmitted information. Therefore, try not to install extensions on crypto-currencies. Yes, it can be easier with them. But without them, it's safer. To make transfers, use the "incognito" function or keep a "clean" browser for transactions on your computer.

[passeroutpass]

In social networks, you can also face fraudulent attempts. To avoid this, subscribe only to valid accounts and company communities. Do not trust external links. Even if they are persistently offered by the social network itself.

[ToyotaFortuner]

yes of course your wallet must have very high security so that when hackers break into your wallet it will be difficult to use it because the access is only from you. level of security to secure the assets you have.

[basyang]

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.

All of you stated above is correct. All of the list are very helpful. For me the best idea to avoid theft in the wallet if you are aware in the hackers and on what they are going to do. It is very helpful to have a security password in every devices, However you still have a multiple back up so that you are very secured in all of your devices. be careful to share your password and anything on social media.

[ace1105]

Hackers learned how to steal money under the guise of two-factor authentication via SMS messages. That is, some service will request the password sent to you to confirm certain actions. Hackers have learned to deceive services and receive your data for any account. In this regard, once again you should not use two-factor authentication in unreliable services. Instead of querying by SMS, you can, for example, use Google Authenticator.

Yes I agree with you, but sometimes there are still consequences of using 3rd party app to secure our wallet. Better to have back ups if we will be using google authenticator.

[Labajah]

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.

Hackers are the most worst theif in crypto currency,  thats is why we have to be vigilant in our wallet accounts to keeping it safe always. By double checking if the password of our wallet account  is not exposing to someone. We have to prepare a back up copy in our personal storages divices for security purposes.

[fargoway]

I still believe that the best way to secure your wallet is to be careful. I mean don't visit suspicious websites, don't give your private key to someone else, use different email for each wallet and check what address you are sending your crypto to. Your security is all about you. Don't be dumbass and no hacker in the world will get your money.

[Falmera]

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.

Hackers are so smart. Their asset, being smart, are used for their own selfish desire. So we must be careful with our wallet and most of all the key.  We must not expose it to others.

[bongnor531]

Of course it is important to secure the wallet in any possible ways. Like, you lock your car and take your actual wallet with you. And still, they could be stolen, it is the same in here I think. You should be as cautious as possible but there is still possibility to be hacked as always.

[tepakpak]

For now, wallet security is still awake and what I do doesn't visit any sites, I focus only on cryptocurrency and use malware antivirus. may be useful!