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Author Topic: Is wallet security important to use?  (Read 28217 times)
KeezAZA
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February 01, 2021, 06:43:44 AM
 #641

Are you fine to leave your funds in a crypto wallet if you don't guarantee its security is adequate? Of course not. Without a useful security feature in a crypto wallet, it will be vulnerable for hackers to lose all of your funds. Hence, wallet security is essential for you to ensure that your funds are safe and sound in the long term.
even your wallet is secure you still can loose your funds  and it's avaliable for hackers

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February 01, 2021, 07:35:21 AM
 #642

Kcash wallet is still reliable. Kcash digital wallet is currently the wallet with the most functions, supports multi-chain and will have a great breakthrough in cross-chain. The wallet uses triple encryption, white box encryption, HMAC-SHA-256, 40,000 hashes, algorithm cutting, block storage, and shell protection (7-fold core security mechanism) encryption technology Kcash wallet is still reliable. Kcash digital wallet is currently the wallet with the most functions, supports multi-chain and will have a great breakthrough in cross-chain. The wallet uses triple encryption, white box encryption, HMAC-SHA-256, 40,000 hashes, algorithm cutting, block storage, and shell protection (7-core security mechanism) encryption technology.
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February 01, 2021, 01:46:16 PM
 #643

In any case, a cryptocurrency wallet that a person can use in everyday life should not only be protected, but also very easy to manage. Assuming that cryptocurrency will soon be massively used as a means of payment, the ease of use of a wallet will be one of the most important determining factors.
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February 01, 2021, 06:43:52 PM
 #644

In any case, a cryptocurrency wallet that a person can use in everyday life should not only be protected, but also very easy to manage. Assuming that cryptocurrency will soon be massively used as a means of payment, the ease of use of a wallet will be one of the most important determining factors.
Well, I think even though cryptocurrency is not used everyday, managing or using a wallet should be easy but still, high security is mandatory to apply. So far I personally have never found a wallet that is difficult to manage or use so that in that way, a cryptocurrency wallet can be said to be friendly to use in all circles. Regarding security, I think it depends on the user himself, because even if the developer provides a secure wallet but if the user is not caring or careless, I think it will still make it insecure.

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seramania
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February 01, 2021, 10:24:44 PM
 #645

wallet security is very important, for example you don't just need to use a password. you need to use pharphrase or 2FA codes it will be better for now than you have to risk just using a password

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February 01, 2021, 11:00:02 PM
 #646

wallet security is very important, for example you don't just need to use a password. you need to use pharphrase or 2FA codes it will be better for now than you have to risk just using a password

Password is just enough if you do know how to put up a strong one and on how you do protect yourself on possible breaches or hacking incident that would

really compromise the safety of those keys or passwords.So this will always depend on someones common sense and awareness on how they should secure things up.
Wallet security is important to use because if you dont set it up then you are just like on letting those scammers stole all of your money easily.

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February 01, 2021, 11:25:30 PM
 #647

In any case, a cryptocurrency wallet that a person can use in everyday life should not only be protected, but also very easy to manage. Assuming that cryptocurrency will soon be massively used as a means of payment, the ease of use of a wallet will be one of the most important determining factors.
Well, I think even though cryptocurrency is not used everyday, managing or using a wallet should be easy but still, high security is mandatory to apply. So far I personally have never found a wallet that is difficult to manage or use so that in that way, a cryptocurrency wallet can be said to be friendly to use in all circles. Regarding security, I think it depends on the user himself, because even if the developer provides a secure wallet but if the user is not caring or careless, I think it will still make it insecure.
It all depends on the amount you are operating on, because if the amount is significant enough, it is better to be safe and sacrifice convenience for the sake of security. You can also divide the capital into parts and, accordingly, each part has its own level of security. The best and safest thing in this situation is to use a hardware wallet or a separate computer for operations with cryptocurrency and of course hide backups and passwords in different places.
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February 02, 2021, 02:02:56 PM
 #648

We rarely think about the security of our much-needed accounts.  I feel comfortable writing down on paper or storing information on the Internet.  I think a strong hardware wallet is needed when it comes to protection.
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February 09, 2021, 03:05:02 PM
 #649

Sure digital wallets must be secure enough to give thieves no opportunity to hack coins. But I’ve read some stories about owners of digital wallets who forgot their passwords, lost private keys and no one can help them to break into their wallets. Just think about this: it’s easier for hackers to break in the exchange data base and to hack thousands of coins from cryptomarket than to enter your privet wallet.
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February 11, 2021, 01:23:15 PM
 #650

Securing the private keys and pass phrases into a safe place whether it's a soft or hard copy is essential for our assets will be secured from theft and intrusions. Awareness from phishing links and scam airdrops that requires pass phrases to claim the rewards are highly be not to be patronized and stay away. Only import pass phrases on trusted wallets to avoid from being hacked.
Generally, when it comes to the security of their personal assets, the security of the wallet should attract particular attention to the user. It is necessary by any means to block the leakage of all data to the Internet. And the best thing is to Save all passwords and secret keys in a paper version.

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