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Author Topic: Do you keep your coins physically secure?  (Read 1393 times)
Tides_Network (OP)
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July 25, 2018, 03:51:30 AM
 #1

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

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Sbdip
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July 25, 2018, 03:54:30 AM
 #2

Off course.
 Most of my coins are in my hardware wallet.. I only keep a little portion in exchanges..  So i can say I'm physically secured
jossiel
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July 25, 2018, 03:56:14 AM
 #3

I have considered these factors before. If you are using the device that contains your wallet / storage, don't ever put your private keys/seeds there.

My remedy on this one is back up and 2FA (if needed) but back up for me is enough.

And also be responsible wherever you go, it's your money that you are securing if you go in public places not others.

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gayletot
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July 25, 2018, 04:00:57 AM
 #4

I think my coin is secured in my wallet, nobody knows my privitekey so it's safe to say, but I'm keeping it because many of my friends are hacked.

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July 25, 2018, 04:01:27 AM
 #5

I don't have coins yet but I'm planning to keep half to a hard wallet and half of it in exchanges for safe keeping. In case market value goes up or down.
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July 25, 2018, 04:02:57 AM
 #6

Bitcoin does not exist. You can not save it anywhere, it's in blockchain. That is distributed and decentralized. Having a hardware wallet does not mean that you have it there. It means your blockchain access key is there. But no computer that I use for routine activities has any access to my wallet or the exchanges. I make everything from a computer unique to these activities. And my seeds are very well kept in different places from where I live.
bp.comp69
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July 25, 2018, 04:10:19 AM
 #7

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

of course, everybody wants to be safe as well as with me, I wipe my coin safely in my wallet.
JoshyKulotski
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July 25, 2018, 05:04:16 AM
 #8

Of course, we do not want to loss so much of money because of our own work and mistake. Keeping coins and tokens into a safe place is the greatest way to prevent loss that we don't want to happen.
Remainder
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July 25, 2018, 05:17:27 AM
 #9

We keep our coins in our own ways that we know it that it is in a very secured place and we are also responsible for it if whatever possible to happen, just don't put all your egg in one basket because anything is possible to happen in digital world.
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July 25, 2018, 05:33:43 AM
 #10

I don't keep my coins physically on any hardware wallet but I have put in place measures that enables me to protect my online wallet safely. The Use of google 2FA and keeping a back up of it is what I use to secure my coins.
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July 25, 2018, 05:47:02 AM
 #11

Yea, even if you keep your seed separate to your hardware wallet and your hardware wallet gets stolen, then you are at risk to lose those coins. I saw some reports of people who extracted coins from a hardware wallet, by intercepting data traveling from the device to the computer. <They used specialized equipment for this>

So you should rather carry your hardware wallet on you, if you want to go for a piss.  Grin

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Ctn
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July 25, 2018, 05:55:05 AM
 #12

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

Shits man! I will never keep my laptop open at Starbucks or any public place while im not attending it. Lolz

Thats like handing over the banks with keys to other people or who knows a hacker whose watching me since the first date.  Tongue

One thing is sure, I never go in my public place with my laptop and no personal internet connection. I will never ever connect to the public wifi no matter what is the download limit. Lolz. Public IP's are shit and always filled with phishing stuff so better watch out your action over there.
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July 25, 2018, 05:59:50 AM
 #13

Are we keeping our devices secure?
I can make sure we keep coins on a secure device in other ways.
Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.
I don't think it's a serious problem. Because I will entrust my laptop to the operator (cashier) without having to tell them that I keep the digital coins in there. I'm sure the operator will be responsible for protecting my laptop.
Now, I don't keep the coins in devices such as the laptop or android. Because I already have a hardware wallet; Trezor. I'm very sure I have already to keep my coins safely.
Tides_Network (OP)
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July 25, 2018, 06:44:23 AM
 #14

Are we keeping our devices secure?
I can make sure we keep coins on a secure device in other ways.
Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.
I don't think it's a serious problem. Because I will entrust my laptop to the operator (cashier) without having to tell them that I keep the digital coins in there. I'm sure the operator will be responsible for protecting my laptop.
Now, I don't keep the coins in devices such as the laptop or android. Because I already have a hardware wallet; Trezor. I'm very sure I have already to keep my coins safely.

Yes hardware wallets are certainly a boon these days, took them long enough to manifest but many of us aren't using them.

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randyboy
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July 25, 2018, 06:46:51 AM
 #15

My wallet are physically secured because I didn't give it to many and I'm the only one will know it and also I really investigate my participation on any project to secure more my wallet address that will not use for any legal transactions.
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July 25, 2018, 07:14:34 AM
 #16

The best and the most secure option to store your cryptocurrencies is to store it on the hardware wallet. In turn, hardware wallet you should store at home, in a safe place. I prefer Trezor wallet.
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July 25, 2018, 07:16:29 AM
 #17

Now everyone is on the security issue. As the bitcoin value increases, the thieves will pay more attention. We all need to be careful and cautious.
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July 25, 2018, 07:17:05 AM
 #18

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?
Of course, but not too much with always bringing a laptop wherever we go. I just apply passwords on all the devices I use to store my coin. By using a password, for example on a laptop, I think it's enough for me to protect them.

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July 25, 2018, 07:25:59 AM
 #19

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?


Of course no one knows my password to secure all of my tokens to my wallet. I did not trust my account anymore and maybe when I was awake one day I lost my tokens to my wallet.
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July 25, 2018, 08:02:29 AM
 #20

We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?

What for one might seem reasonable for another it might seem complete madness. Its just a matter of perspective, some people will think you are crazy for doing so much work to secure some coins and others will still think you can do more. I think watching out to what wi-fi you connect when you go to a public space or having a good antivirus, etc its just the smart thing to do.
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