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Author Topic: How to ensure the safety of wallet?  (Read 907 times)
cryptocanley (OP)
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May 30, 2018, 12:25:22 PM
 #1

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.
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May 30, 2018, 01:24:07 PM
 #2

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.

firstly, what currencies do you use?

Use electrum wallet, and while will you create the wallet, create with TWO-FACTOR auth option. Don't share your private key with anyone, only share your public address key.

if you are using erc-20 coins, you must use myether wallet with "Metamask". but use only with "MetaMask".

and i want to give a off-topic advice;
While you save your private keys and wallet passwords, save your passwords to "KeePass software". KeePass is an open-source, password manager. The software creates very difficult passwords for each of your account.
I highly recommend the software.

R.R.L.
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May 30, 2018, 01:25:56 PM
 #3

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.
First of all I think you should choose a wallet really carefully and read a lot of reviews. Then choose the right password and antivirus system
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May 30, 2018, 01:27:13 PM
 #4

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.

firstly, what currencies do you use?

Use electrum wallet, and while will you create the wallet, create with TWO-FACTOR auth option. Don't share your private key with anyone, only share your public address key.

if you are using erc-20 coins, you must use myether wallet with "Metamask". but use only with "MetaMask".

and i want to give a off-topic advice;
While you save your private keys and wallet passwords, save your passwords to "KeePass software". KeePass is an open-source, password manager. The software creates very difficult passwords for each of your account.
I highly recommend the software.
Yes, I forgot to mention this thing. It depends on what your goals are and what do you want from your  cryptocurrency and what strategy you have
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May 30, 2018, 01:45:08 PM
 #5

I will take example if you create an erc-20 wallet which mostly used in the bounty.

First thing you must enter the original website. Lets say we using myetherwallet. Then bookmark it. Dont event open the wallet from another website which dirrectly go to the myetherwallet website. It can be a phissing web.

Second, if you use dekstop instead smartphone better you using metamask for prevent phissing website.

Third save your private key and address, also protect them with password or something like that. Dont forget to make copy of the address and key for backup if you lost your memory or smartphone (i really dont hope this).

Fourth, be carefull when you install an application from strange website. It can steal your data. Be sure you check the applocation or the website is safe.

The last thing that i can suggest, Do not ever share your private key with another with any reason. Although in some case when you join an airdrop or anything which need your private key to input and they will give big reward, dont do it. Your token will be stolen. I have some experience from my friend, he do wrong input his address with his private key, and then in a few minutes all his token lost.
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May 30, 2018, 02:38:21 PM
 #6

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.

Well most of the time wallets are pretty safe with all the security features like private keys and phrases and two factor authentication. The problem is if you become careless with these information because more often than not, your wallet can be comprimised only if you give these infos away

 
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May 30, 2018, 05:48:01 PM
 #7

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.



It's a no-brainer, don't share your wallet details especially your password and username to other people in order to avoid being hacked in the future. Every wallet has the 2nd authenticator but others are not, you only have to share your wallet address and nothing more. Avoid downloading not trusted apps because sometimes it contains malware that can get your credentials like bank accounts or others.

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May 30, 2018, 05:58:37 PM
 #8

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.

There are two wallets we can talk about and safety measure can be taken the same way for both. First one is BTC wallets and second one is ERC20 supported wallet.

Both of them have Private Keys in common which you have to keep safe like your soul! You can always print it and keep safe somewhere in the house just in case your devices get wiped out, hacked, damaged etc! Printed keys can save your ass in such situation.

For ERC20 wallets you will always get keystone file which you need to download and save digitally. Its always good to make multiple copies of it but makes sure that you and only you get the access to them.

This is enough to ensure your safety.

 
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May 30, 2018, 06:02:52 PM
 #9

I'm not gonna say "keep your private key secure"

Never mind the software wallets, if you are getting in the crypto business for real, use a hardware wallet. It's the most secure way to store your portfolio. If it's hard to obtain a hardware wallet in your location, you turn an external hard disk to a hardware wallet, if you want to know how, use google, I'm not a tech expert.
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May 30, 2018, 06:06:39 PM
 #10

With security on the Internet, problems if you are not a programmer or IT specialist. I reckon that for a campaign that is focused on the security of the future, for example for Remme

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May 30, 2018, 06:07:13 PM
 #11

You should really invest in a hardware wallet if you're playing with larger amounts of money.

As said previously, WRITE YOUR PRIVATE KEYS DOWN and write all your key words. Don't store these anywhere on a computer, since these are the only thing a hacker needs to steal your money. They should be stored ideally in a place that won't be affected by even fire, such as in a safe.

Some currencies need their own separate wallet, ideally you'd want to have these on a laptop that you don't ever use. You'd want to keep it disconnected from the internet until you need to move funds.

I actually just posted a thread that I suggest checking out:
https://bitcointalk.org/index.php?topic=4310740.msg38658898#msg38658898

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May 30, 2018, 06:08:21 PM
 #12

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.
How to ensure? Then most likely this will matter with users common sense and being sensible. There are several types of wallets in the market. Web wallet, pc/desktop wallet,Hardware wallet. Usage would depend on your own preference yet each one of them do have specific use either for long term and short term the best ones would always to consider is that you should always use the wallet which you do possess the keys and primary concern is to keep that key away from other peoples awareness yet this is the most important thing for a certain wallet.Once compromised then say goodbye to your coins.

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May 30, 2018, 06:34:08 PM
 #13

If you want maximum security for your investment, acquiring hardware is the best choice you could make, it is the most secure wallet you can keep your coins, your private stays in your hardware.
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May 30, 2018, 08:14:53 PM
 #14

you can make sure that your coins are safe by making sure that you store your passwords, private keys and other sensitive information that is associated with your wallet offline in a place where no one can get to them. if you are using an exchange where your coins are for temporarily, then you should take advantage of the two factor verification security protocol that has been put in place.

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May 30, 2018, 08:30:40 PM
 #15

all wallet has a security system is assured. so no need to be concerned and afraid of how security wallet for future later. Although many affected wallet hack news from people who are not responsible, but that's not because hackers are clever. but because users are too careless.

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May 30, 2018, 08:34:54 PM
 #16

To ensure the safety of one's wallet depend on how one safe guard your private key. Most atimes we store all details in a common place that could be access unknown to you and the wise hacker can do away with your hard earn coin.

For that reason its very important to not save our private key carelessly.
I can also suggest that each bounty/airdrop one wallet.
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May 30, 2018, 08:35:51 PM
 #17

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.
The most important to be attentive. It is necessary to check the website URL address not to get on the website of swindlers who want to obtain your data. In all exchanges it is mandatory to use two-factor authentication. Not to use unknown references which are often sent to e-mail.
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May 30, 2018, 08:38:43 PM
 #18

Safety is the main issue for your wallet. Scams can transfer funds from to malcious wallets. Search engine phishing scams are also active. Even a Trojan can lurk and steal your credentials which is called CryptoShuffler.

So to assure a safe and secured wallet, you can follow several options. The fruitful step to assure security, I think you should keep your everything in a hardware wallet. Foe instance, a USB drive. It can store your private keys and currency locally. AND SURELY IT WILL NOTE BE CONNECTED TO INTERNET.

You can also use Trezor or Ledger Nano S which will cost you around $100. Here you just have to use a PIN number and a recovery seed. And I think it is the best way to keep your wallet well secured and protected.
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May 30, 2018, 08:47:44 PM
 #19

I am new one in this market place, so it is important to know the safety issues of the wallet. Please someone help to understand the issues of safety of the market.

Safety concerns in the sense first you need to stop using the online wallets since most of the wallets are not with private key secured it mate. Please check the desktop wallet, paper wallet, hardware wallet and valut to have for security reasons.
These above given walelts are really very much secured.
Do not save your mnemonic phrase of private key at any place. That will make you loose your wallet fund mate.
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May 30, 2018, 09:20:28 PM
 #20

There are a lot of security options.But I think the most safe to keep your coins in at least 5 to 10 different places and coins.This will provide security ,though not full ,but definitely you can't lose all your sberezhenia!
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