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Author Topic: Is wallet security important to use?  (Read 28203 times)
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February 27, 2019, 04:45:18 PM
 #601

Maybe some of your questions have been answered, "security of the wallet", well for that your wallet security is like you are guarding your own house, a person who wants to enter and take your valuable, essentially the house key is safely guarded, never given to others as well asto your wallet wallet so that it cannot be stolen safely, if you can keep it all it is definitely safe for you.

Hey yes wallet security is very important for anyone who is holding crypto's, as an unsecured wallet could be hacked and one could loose his funds. I believe people often make the mistake of sharing their wallet details with friends and family which is a big mistake according to me. Also I would suggest you to use 2fa on your wallet, that will provide you more security, and use a 16 digit passwords as it's difficult to crack it.
right, with an additional security of 2fa it will give us a feeling of security. after all, a wallet is a bank for our assets, so I think this is the first time we have to secure it, before accumulating assets
2fa is a great security to protect our assets because all this time I have used 2fa yet my assets have not been stolen. so to secure an account is very important now because there are lots of hackers here

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February 27, 2019, 04:47:49 PM
 #602

Security of our wallets is the most essential talk with regards to the cryptocurrency world as everybody of us here who has digital currencies are truly searching for wellbeing measures on the most proficient method to guard our coins, there are cold wallets where we could securely shroud our private keys or any data about our property, yet the thing is, our coins are still out there and each one could simply observe what ever measure of coin we are holding, it would be better on the off chance that we are the special case who can see our coins.
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February 27, 2019, 09:39:52 PM
 #603

Of course it is very important, I have security systems to my currencies even externally with a key that is generated in specialized programs SHA-256, apart from the normal protections that we always apply, encryption, 2FA, among others. This is the most important thing, even if you think that an Exchange is more secure, it is not the best solution, it is best to have our coins well protected in a Cold Wallet.

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February 27, 2019, 10:34:42 PM
 #604

I do not use mobile device wallet, I use only for small payments, better to use cold wallet the safer!
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February 28, 2019, 10:41:39 AM
 #605

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.
Avoiding theft in a wallet is really simple you just need to be invisible to everybody that you should not open your account in public and you should not share any information to strangers. Also you need to pick a legit wallet that has a great security like blockchain.

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March 02, 2019, 08:53:25 AM
 #606

Yes, it is very important to use wallet security. Because wallet security can be used to keep wallet money safely. Nobody can ever steal money when using wallet security. There is less danger of wallet hacking. It is safe to use wallet security. Using wallet security reduces the risk. And if you do not use wallet security then there may be many problems. Such as Wallet hacks may occur. Wallet's money can be stolen at any time. The wallet can be broken. So I think wallet security should always be used. And if the wallet does not use security, its consequence is very frightening.

Thank you

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March 02, 2019, 10:47:00 AM
 #607

Security of our wallets is the most essential talk with regards to the cryptocurrency world as everybody of us here who has digital currencies are truly searching for wellbeing measures on the most proficient method to guard our coins, there are cold wallets where we could securely shroud our private keys or any data about our property, yet the thing is, our coins are still out there and each one could simply observe what ever measure of coin we are holding, it would be better on the off chance that we are the special case who can see our coins.
if you are discussing a wallet that is on the exchange then the wallet should have very high security to provide guarantees for all cryptocurrency assets from the users of the exchange, but for the wallet where the exchange is as strong as possible the security will be broken as happened in several exchange places.
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March 02, 2019, 10:49:13 AM
 #608

Nobody can ever steal money when using wallet security. There is less danger of wallet hacking.
Thief could still steal your money, they are clever.

And if the wallet does not use security, its consequence is very frightening.
Most of those problems come from user's fault,  because they are lazy to secure their assets and blame the software because they don't offer the wallet security, which isn't the case here. You as the user have to take care of your own assets.

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March 02, 2019, 12:29:03 PM
 #609

Yes, it is very important to use wallet security. Because wallet security can be used to keep wallet money safely. Nobody can ever steal money when using wallet security. There is less danger of wallet hacking. It is safe to use wallet security. Using wallet security reduces the risk. And if you do not use wallet security then there may be many problems. Such as Wallet hacks may occur. Wallet's money can be stolen at any time. The wallet can be broken. So I think wallet security should always be used. And if the wallet does not use security, its consequence is very frightening.

Thank you

Nice suggestion mate, those who lose money or get hacked it is only because of their own mistake most of time we feel safe from our friends and we open our wallet without any fear but it is not good keep your private key safer and avoid sharing anything related to privacy of your investment and about your wallet so it will help you keep your investment safer.
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March 03, 2019, 07:06:27 AM
 #610

well. you should use a totally clean computer. if your computer has been infected by any virus or trojan, your wallet is not safe at all. and you can try using some hardware wallets agains theft as well.
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March 03, 2019, 05:57:41 PM
 #611

Nobody can ever steal money when using wallet security. There is less danger of wallet hacking.
Thief could still steal your money, they are clever.

And if the wallet does not use security, its consequence is very frightening.
Most of those problems come from user's fault,  because they are lazy to secure their assets and blame the software because they don't offer the wallet security, which isn't the case here. You as the user have to take care of your own assets.
Yes no one will come to keep your bitcoin secured but you will have to take care of it by your own self otherwise there are number of scammers and hackers who are all time ready and in search of low knowledge people who don’t use wallet or who can share the security code of their wallet with strangers, so never share your private key with anyone.
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March 16, 2019, 11:32:37 AM
 #612

Wallet security is my constant problem, I always worry about the safety of tokens, I use several wallets, and I try to always be aware of all the news related to security.
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March 16, 2019, 12:03:54 PM
Last edit: March 19, 2019, 04:42:37 AM by edisystem
 #613

Of course yes, without a good security, a hacker can easily hack your wallet and steal all your coins.

In my opinion it's really important to choose a wallet that have a good security, also don't forget to add 2FA on your wallet!

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March 16, 2019, 02:52:11 PM
 #614

Myetherwallet and Trezor are quite good to use because I have used it, but actually the use and vulnerability of hackers is because we are careless and carelessly storing our private key

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March 16, 2019, 03:29:05 PM
 #615

We should know how to secure our wallets because it's where we store our earnings. We should be smart enough to handle our earnings. I would prefer to use a hard wallet rather than any exchanges since we all know that everything in the internet is hackable these days.
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March 16, 2019, 05:00:53 PM
 #616

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.
You can take extra safety measures like storing the crypto wallet on several media devices like usb flash or.why not even a simple cd.
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March 16, 2019, 09:56:02 PM
 #617

Of course yes, without a good security, a hacker can easily hack your wallet.

In my opinion it's really important to choose a wallet that have a good security, also don't forget to add 2FA on your wallet!

in fact indeed in crypto we certainly need a wallet that has security. the problem is the condition of the wallet if it's not safe so we are feeding the lion just the same. Moreover, a lot of coins are stored in the wallet so the lion is very fortunate to get a lot of food. so I think that wallet security is certainly needed until now.

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Bitcoin-Turkiye
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March 16, 2019, 10:37:43 PM
 #618

I put my wallet in a winrar, and I put the winrara password,  i Forgot password. I can't  login my wallet  Smiley  You can store your wallet in this way.. even if possible, hide on a computer without Internet, or in flash memory.

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eroejoe
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March 16, 2019, 10:51:23 PM
 #619

Wallet security is one of the most important things to learn before investing into crypto. One of the best ways is to create new wallet on fresh device which is never been connected to the internet and generate private key on that device, this is not easy, but if you are investing your life savings, you should secure these life savings like a your child.

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laredo7mm
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March 17, 2019, 06:00:45 AM
 #620

it is very important therefore we cannot arbitrarily choose a wallet and also place a password or private key because there are already a lot of people having problems because their assets have been hacked. this is good for our self-learning so we can be careful
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