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Author Topic: Security issues relating to Private Keys storage  (Read 284 times)
charlotte04
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July 05, 2018, 11:41:05 AM
 #21

To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.

I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.

Thank You!

For me, you just have to secure your computer if you really put all of your KEYS or anything important to any of those software. But I really like keeping those in a piece of paper.
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July 05, 2018, 12:54:31 PM
 #22

Today we have hardware wallets, they have so far proven to be a safe way for keeping coins for long term or for daily usage. In this way your private keys are always secure in device, but we need to secure our seed in proper way. I think that there are countless ways to do that, only human imagination is the limit. When you think best way to secure private keys/seed then try to imagine from whom or what you want to protect them.

Fire, water, earthquake, dirt, thieves - your cat or dog maybe, all need to be considered.

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July 05, 2018, 01:47:03 PM
 #23

I am strongly against ever keeping private keys on any online platform let alone on cloud storage that can easily be hacked into or assessed. As for me, I suggest you keep your private keys or keystore json file on an external  flash drive drive and only connect it to your system when you want to log in.
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July 05, 2018, 01:50:01 PM
 #24

It is better to keep your private key on the hard wallet because it is much secure, also you can put your private keys on flashdrives that is also effective thing to store your private keys also you should avoid going to unknown sites it might risk your pc.

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July 05, 2018, 02:19:10 PM
 #25

if you are doing some bounty and visiting some sites for airdrops refrain from doing that if you have wallets on your computer just do that in a different pc and avoid downloading some suspicious files because some malware might infect your computer that might lead to lost of important data like private keys and other information related to you.
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July 05, 2018, 02:59:11 PM
 #26

if you are doing some bounty and visiting some sites for airdrops refrain from doing that if you have wallets on your computer just do that in a different pc and avoid downloading some suspicious files because some malware might infect your computer that might lead to lost of important data like private keys and other information related to you.

meaning airdrops sometimes is a treat for some point like directing some link that can be a malicious file that can acquire some details on your personal computer. it is better to keep it on your USB rather than keeping it on your PC.

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July 05, 2018, 03:08:27 PM
Merited by vapourminer (1)
 #27

the best way of storing your bitcoins is always going to be cold storage on a paper, metal,... something physical. i don't even like hardware wallets because it is not 100% cold.

when it comes to storing it in the "cloud" then there are ways of reducing the risks of losing your funds. it still is not the best method but it is used. the obvious thing is to encrypt it with a strong encryption method and a strong password. for example a 20 character long password with AES-256 encryption. additionally you can always split it into multiple pieces and encrypt each piece separately and store them on different cloud services.

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July 05, 2018, 03:37:45 PM
 #28

Personal key security is not completely 100% secure. it all depends on how you manage it. Storing software is easily affected by viruses or corrupted. so I wrote it down on a piece of paper and in laminating.
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July 05, 2018, 04:07:02 PM
 #29

I have read different ideas on how to store your private key and your bitcoin as well, they right, I much prefer if we used cold storage than an online wallet or they called cloud wallet which no totally safe. Although cold storage is not free you need to purchase on this in a trusted store which is available. It's your responsibility to keep safe your private key and you know that is safe.

One thing I have heard in keeping private key by using a microchip implant and place into the part on your buddy and the best part to place is in your underarm. Do you think it is the best option in keeping the private key? No side effect?


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July 05, 2018, 04:31:03 PM
 #30

To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.

I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.

Thank You!


I agree that we can't get rid of scammers and hackers around us but we can't do something no to be one of their victims. Securing our private keys is actually a helpful tool for us to stay away from these kind of people and to stay safe during unnecessary situations.




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July 05, 2018, 05:41:57 PM
 #31

 I store all of my passwords and piles in my special place which is secured and located on another personal computer without having an internet access after all. I think this is more secure because none of remote control can be applied.
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July 05, 2018, 10:54:34 PM
 #32

To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.

I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.

Thank You!

I try to help as much and in accordance with the experience that I do, private key save on email that is connected with no mobile phone and every time I open and close the email I change the password, it's one way that I usually do on private storage may be useful and successful for all of us
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July 05, 2018, 11:06:35 PM
 #33

Yep storing your private keys on a keystore, json file, seed word, other mnemonic phrases is actually bad because it can be stolen through MITM or man in the middle attack. This happens when the attacker has manage to get into your network and sniff all your data from that network. I've heard that a cold storage is much safer.

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July 05, 2018, 11:14:32 PM
 #34

I think it's ok to upload them to sites like Dropbox and your email, so long as you encrypt them. Even if someone else gets access to them, they won't be able to use them.
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July 05, 2018, 11:27:07 PM
 #35

I always believe that storing private keys in any software is always prone to unathorized access just like the OP said. Even storing it in your mobile have the risk of misplacing or lossing your phone. Even if you set the strongest pin, it will always bother you.
In my opinion, just like everybody said. Storing it in a paper wallet is the best way to get rid of the hackers or unauthorized access from random people. Keep that piece of paper where it cannot be harmed by all natural disasters, or you can store it in a storage box.
There are still plenty of different ways on how we think of our financial security, we just have our own views and decision that we make.
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July 05, 2018, 11:29:43 PM
 #36

To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others. From my little research and experience, I personally think to keep these sensitive data isn't the best due to its nature of proneness to unauthorized accesses.

I'm positive there are individuals in this forum with profound knowledge regarding this topic. We would be grateful if you share with us your experience, tips, advice and most importantly, secured ways and means we can manage our private keys.

Thank You!
It would actually be really stupid to store your sensitive private information about your wallet on an online cloud storage. The chance of your account getting hacked is extremely high, so it is quite unsafe. The best way to write down all the information by yourself and make multiple copy of it. Store it somewhere safe which will not be possible by other people to reach. Even storing on any kind of hardware is also risky since the electronics tend to wear out as time goes by.


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July 06, 2018, 03:43:18 AM
 #37

Try not to store private keys (seed phrase) in cloud storage, it is very likely that these data will be visible to other people.
If this happens, then you need to at least split the Seed phrase into two parts and archive them with a password. Thus, you minimize the risks of theft of your funds.
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July 06, 2018, 06:38:38 AM
 #38

almost all digital platforms are prone to hacking, especially cloud drives, yeah, it was a bad idea to save your passwords and keys, who would actually do that nowadays? if there are some guys who still doing it, better thinks twice, even cellphone cameras are hackable, what more if you store all your important keys on a cloud drive, i think the simplest way to store is the basic one, write it on a piece of paper, get a vault and put the paper in it, as simply as that, i think it is more safer, just bear the long characters or mnemonic keys.

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July 06, 2018, 06:42:31 AM
 #39

Everything is hackable but... if you're using a cloud storage with a good password and 2FA authentication, you should be enough safe.
I also suggest to use an hardware wallet
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July 06, 2018, 06:59:15 AM
 #40

My advice, keep your private key in various places and do not combine Walled address with private key, separate them to save them.
Save your private key in 3 different places, eg in Email, WhatsApps and print on paper. that's what i do, you can try it if you want Smiley
Whatsapp and email are vulnerable to hack. I also have fear in the discussion thread cause even the hackers on the forum are reading this

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