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Author Topic: Do you keep your coins physically secure?  (Read 1393 times)
Ava Duvall
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July 25, 2018, 08:27:31 AM
 #21

i use a paper wallet offline, that way i know my coins are secure offline no viruses or scams can affect them or get to them
engrlodi
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July 25, 2018, 08:30:56 AM
 #22

Of course, I keep my coins in secure. I already download metamask for my coins and I store it there. I think this wallet is the most secured than other wallet. I think it keeps the scammer and hackers in this wallet. There are so many wallet that you can see, and I think this is secured too.

jonas5222000
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July 25, 2018, 08:31:54 AM
 #23

Yes in physically i`ve hide it but when i put it in social i should put some authenticaton just like google authentication or sms aunthentication,this thing is to sure that your identity is very secured.

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July 25, 2018, 08:32:34 AM
 #24

Keep the bitcoin in the moment and wait for the price to rise for sale. Security is very important because it is the decisive factor
Lucius
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July 25, 2018, 09:05:10 AM
 #25

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?

I think comparison of fiat and cryptocurrency security is not exactly comparable, security of our crypto coins in my opinion is much more complicated. A good part of the crypto users does not devote enough attention to that until the moment something bad happens. In case someone steals your wallet with fiat, there is a hope that you will still find it, maybe with the help of the police or in some other way. When your crypto coins are losted/stolen, opportunity to return is actually minimal.

People need to know that fiat in the bank and crypto coins in your wallet (personal bank) is not the same, in the case of possession cryptocurrency responsibility is only for you to protect it. It's crucial to be in the full possession of your private keys and keep them in maximum safe environment, nothing more and nothing less than that.

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cipherb
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July 25, 2018, 09:21:30 AM
 #26

Yes my most of coin in hardware wallet because on exchange our coins is not secure.keep only that coins which u wanna trade on exchange because of many hackers can steal our bitcoins so security will be our first priority and we can access our coins from private keys so if we are holding bitcoins in bulk  quantity on exchanges then we can face hacking problems.
Cidolfusorlandeau
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July 25, 2018, 09:37:00 AM
 #27

Even it not the best secured wallet in the world,but it still more Security than other wallet.For now,i didn't see any hackers could go though the firewall of bitcoin.
sanjeevbaweja
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July 25, 2018, 09:42:54 AM
 #28

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?
We know about physical wallet but almost dont use physical wallet for cryptocurrency, almost put coins in online wallet or exchange wallet
OVA|official|
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July 25, 2018, 09:46:34 AM
 #29

I think it keeps reason if you have a large amount of BTC. In any case, you can keep crypto online.
Johnyz
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July 25, 2018, 09:50:59 AM
 #30

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?
We know about physical wallet but almost dont use physical wallet for cryptocurrency, almost put coins in online wallet or exchange wallet
I'm just storing my coins through our local wallet which I trust so much and I hope that my coins are secured their. I would love to have a physical wallet but I think its quiet hassle for me. Its too risky if someone stole that wallet so for me the wallet I'm using right now is more secure for now.
sitnibtc
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July 25, 2018, 10:18:31 AM
 #31

Yeah. And i think hardware wallets are the safesoption. but there is still a risk of losing the coins if the walllet gets stolen.
irfandi hasan
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July 25, 2018, 10:42:26 AM
 #32

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
just like you. 
 My coin purse are also on my hardware. I also keep a small part in the Exchange. physically my coins is very safe
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July 25, 2018, 11:42:14 PM
 #33

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.
I agree. To be secured your funds we must be responsible at all times because it's our fault if there's go wrong to our funds. And I agree that if we have a bitcoin wallet or any crypto wallet device we need to be sure that it's secured like putting 2fa.
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July 25, 2018, 11:44:49 PM
 #34

Yeah your correct people keeping their own device is riky, in my experience i lost my coins keeping in my device because i really trust it's is secured,but i'm sad to say isn't because i can't expect the system lost of my computer and all my privatekeys are in my computer sad to can't  get my coins into my wallet.

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July 25, 2018, 11:48:08 PM
 #35

I always keep my coin in my wallet and have never tried wallet hardware, which is said to be safer than the regular wallet. And I am grateful to be safe from any risk of coin theft.
charlzyeby
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July 25, 2018, 11:50:38 PM
 #36

Most people in crypto sometimes underestimate the threats in their immediate environment. We consider online hacks as the most threatening while we forget to realize how difficult it may be to leave your laptop or other devices open to everyone.
fipper
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July 26, 2018, 06:12:54 AM
 #37

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?
you are right and of course it all depends on our own security that keeps and makes it safe because the weakness and risk of crypto currency is very big
jose111
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July 26, 2018, 06:27:45 AM
 #38

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.
That's right. We are the one who responsible for that. So if that is very important to us therefore we make sure that it is much secured so be careful in placing it any storage. It is much  better that we do have a back up so we have  our  security and assurance. Do not ever leave our important things especially in public places to making sure that our things are definitely safe for some other foolish  people that may taking advantage the situations. The safeness and securities of our private belongings is in our hands.
Chattym
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July 26, 2018, 08:14:22 AM
 #39

Big companies, serious businesses, I mean, have developed a number of rules or policies to safeguard the confidential information. For example, always keep your computer password protected with automatic rules applied by the company computer system as soon as you log in; passwords must meet the minimum requirements; never leave your laptop unattended either in the office, or in your car, let alone in public places. So after working more than ten years in such environment you also become 'paranoid' because it has grown on you and you don't find it annoying, anyway.
I keep my coins in cold storage with keys kept in various secure places in locations different from the cold wallet's location. Cool
ChocolateMuscles
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July 26, 2018, 08:45:29 AM
 #40

After what I've read and what happened to a friend of mine, I decided to and I spent some money for a cold storage. Call it a paranoia, if you like, but when it comes to money (whether physical or virtual) I prefer to keep it safe. I don't have time to start all over again making money from scratch. Just can't afford it. Cold wallet. Period.  Cool
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