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Author Topic: Neo/Stellar/Komodo/Waves : questions on how i may HODL safely thoses coins.  (Read 174 times)
Honore Constantinos (OP)
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June 23, 2018, 09:27:22 AM
 #1

Hello,

I have differents cryptos, unfortunatly not a lot ... ahah, but i would like to ask some questions about wallets concerning my coins, and downloading thoses wallets for not having them any more on exange sites.

The 3/4 of my coins are ERC20. So for them, no probleme, i'm using MyEtherWallet. (by the way how to know if MEW is really sure ? I mean, we trust them that they do not save our private key. But is it really the case ?)

But for the others coins, that are not ERC20 i do not know how to do. And i do not have enaugh on this coins for buying ledger or nano. In this coins i have :

- Neo & Gas.
The wallet suporting Neo and Gas is the "neon wallet" that i downloaded here : https://neo.org/client ==> tab neon wallet 0.2.5.

- Stellar Lumens
The wallet suporting Stellar Lumens is the "Foxlet wallet" that i downloaded here : https://www.stellar.org/lumens/wallets/ ==> Foxlet wallet.

- Komodo
The wallet suporting Komodo is the "Agama wallet" that i downloaded here : https://komodoplatform.com/komodo-wallets/ ==> Agama wallet for pc 64bit

- Waves
The wallet suporting Waves is the "waves wallet"  that i downloaded here : https://wavesplatform.com/ ==>clicking "download client (beta)"

I always downloaded the version of the wallet is made for desktop pc windows 7.

First of all i would like to know if i made a misake, error. After i would like to have your advises for thoses 4 wallets tha i downloaded on my PC (without downloading the blockchain of each coin, only installing the program). DOes thoses wallets are safes ? Backdoors risk ? Doing what i have done, may i have risk of virus ? Do you know someting "bad/strange" about thoses wallets ?

Can i continue what am i doing ? I mean continue with those wallets, installing blockchain on my pc, to synchronise it with internet and send my coins to the blockchain with those wallets and their public/private key ? And let them, for HODL ?

Untill now i did not transfered my few amounts of each coins on thoses wallets, so i can delete all the programs and reinstall all my pc like if it was new form the factory and delete every possible virus or something else.

I'm quit lost on how to hold those coins, for looong time :/ without ledger or nano because thoses devise is like maybe as expansive that the amount of those 4 coins ...

Thanks a lot !!!
HC
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June 23, 2018, 02:45:46 PM
 #2

First off, good move on actually thinking on securing your investments. Some people simply buy the coins on exchanges and leave them there.

If you cant afford a hardware wallet like the Ledger Nano S and the Trezor, then the best you could do depends on how computer-savvy you are. You could use install your wallets on virtual machines for more security. But assuming you don't know how to do those things, just install those wallets on your computer and make sure your computer is as safe as possible. Don't download random crap, and do scans a few times a week(with software like malwarebytes).

This might help you out: https://cryptosec.info/guides/crypto-investment-dos-and-donts/



EDIT: If you're planning on just holding your coins and NOT use them soon, you could safely uninstall the wallets on your computer. You're safe as long as you have the wallet/private key backups.

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Honore Constantinos (OP)
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June 30, 2018, 04:50:44 PM
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First off, good move on actually thinking on securing your investments. Some people simply buy the coins on exchanges and leave them there.


Thanks Smiley Smiley Smiley


EDIT: If you're planning on just holding your coins and NOT use them soon, you could safely uninstall the wallets on your computer. You're safe as long as you have the wallet/private key backups.


Mhmm yeah !! I want to HODL ! I did not thought about uninstall the wallets maybe i will do this.This methode saves you about not being phished or hacked ?


Don't download random crap, and do scans a few times a week(with software like malwarebytes).


Ok !! But with what i've done (that i described in my first post) i'm afraid i already done shit. What do you think (and the others) ? How could i know those 4 wallets i downloaded are reallyyyy safe ? Shocked I'm kind of lost, and i do not know what i could do for those 4 coins, for holding them years. I can't trezor or ledger for now !

Thanks a lot
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June 30, 2018, 05:05:42 PM
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Well, if you trust the project already, then you can trust that the wallet they provide or show on their respective websites are about as safe as you could possibly find. You have to trust that. Download from the source directly, check the signature of the wallet to verify (usually published on Github).

For MEW, you can install and run offline. Then you know your private keys are safe.

In any case, open source that has exploits will be found by the community quickly.

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