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Author Topic: Do you keep your coins physically secure?  (Read 1393 times)
jossiel
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July 26, 2018, 10:07:43 PM
 #41

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.
His example is he wanted to go to the CR while inside Starbucks, so that's obvious that he shouldn't leave his things unattended.

Don't feel so comfortable your funds while your outside your house or else you'll be ending drought if you have been depending on the establishment's security.

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July 26, 2018, 10:32:40 PM
 #42

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 bought a Ledger wallet from a local re-seller in our country last year, but after reading a news about a Ledger wallet hacked by a 15 year old program developer, I had second thoughts on storing my coins in a Ledger wallet or just keep it in my hardware wallet (core). So I ended up in keeping my coins in a hardware wallet (core).
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July 26, 2018, 10:39:35 PM
 #43

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 don't keep my coins in cold storage but i keep secure all my private keys and all the wallets on my normal day use laptop are secure with password, plus the ones staking are in my other computer at home secure and away.

Don't have any private key on sight and backed everything up. Not 100% secure but 90% i would say.
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July 26, 2018, 11:31:04 PM
 #44

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

Yes ever since 2011 and earlier people were discussing internet free, cold storage.

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Anyobsss
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July 26, 2018, 11:41:02 PM
 #45

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?
Who in their right mind will leave their laptop on the table at Starbucks? I believe that since when we're kids we are taught to not leave our things unattended. Also, it is not safe to just save your private keys on your device. What if your device got stolen or worse your laptop have a problem like problem in Operating system and you need to reformat it, your private key will also be deleted so it's better if you write your private keys on a paper or save it at flash-drives or any storage devices.

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July 26, 2018, 11:44:44 PM
 #46

I have saved my keys in a lot of ways in order to protect it as much as i can.
Aside from storing it digitally i have also made copies of it tgru paper wallet in order to protect my self from files being corrupted.
Let us always remember that our assests is only as safe as it could be depending on the protection we are giving to it.
There is no one to blame in case of lost or theft  but only our self.

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eaLiTy
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July 26, 2018, 11:48:37 PM
Last edit: July 26, 2018, 11:59:43 PM by eaLiTy
 #47

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.
If you invested money in this market you need to take care of that, i do have a back up of all my private keys in a couple of hardware devices and it is always secured in a safe locker and i do not use my laptop in public places nor do i keep any huge amount of money in wallets while traveling let alone use it in public places, never use public wifi while accessing your wallets as there are cases people lost their funds, so always be smart and use  it securely.
dimastegar
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July 26, 2018, 11:58:47 PM
Last edit: August 01, 2018, 12:06:08 AM by dimastegar
 #48

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?
Keeping something of ours is an obligation. I always take care of every device because it contains every data that is very important for my life. And at least don't leave our devices in public places, because public places are prone to theft.

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cryptolord5
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July 27, 2018, 12:15:07 AM
 #49

well to me keeping my coins on exchange is like wasting it, because that exchange might be hacked anytime any moment so i do that for any reason, talking of my wallet all my coins are well secured because what hustling for is for us not to get hacked because the system is full insecurity so far we need to take all security majors before we can succeed in this biz.
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July 28, 2018, 06:23:14 AM
 #50

Obviously I keep my wallet and hardware devices secure to protect my coin from being hacked. The security has become a very important issue now a day and so we all need to be aware of th`is issue.
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July 28, 2018, 02:50:55 PM
 #51

Even if you leave your device (mobile phone, laptop) behind still there are private keys, passcodes and two factor authentication available for securing your account. I think we have reached the time of advancement where losing our cryptos from hardware wallet can only be possible for our silly mistakes like losing both the phone and laptop at same time.
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July 28, 2018, 02:58:15 PM
 #52

I do have my private keys and wallets in my mobile phones and in my computer too but i still not comportable about that copy so i create another copy and save it to one of my usb and i always bring it together with me to keep it safe.

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July 28, 2018, 03:14:26 PM
 #53

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?

Leaving your laptop in public places is very reckless.

In general, I would advise you to store your purses on a device that rarely connects to the Internet, a separate laptop or write passwords to a notebook, i.e. DO NOT store all one place.
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July 28, 2018, 03:15:04 PM
 #54

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?

Yups because our gadgets is the most important thing thats why we must make it always secure,youre too literal when needed to doubt about the lappy because we can put security lock on your lappy before leaving it on starbucks.

For me keeping my wallet secure is by not entering sites that may direct to phishing sites because hackers are mostly using those to get out keys
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July 28, 2018, 03:26:52 PM
 #55

But we dont need to keep our crypto devices secure and this is what I like more about hardware wallet. Seed yes, but not harware wallet.
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July 28, 2018, 03:36:44 PM
 #56

If physically secure means that I'm keeping my coins into a wallet that is not online, then I would say I'm physically secured. I know the risk and the gable that I would take If I use online wallets and exchanges to store value because it can be prone to hackers. Hackers are getting smarter nowadays and could bypass even the best security that they could offer. Well, I still have a portion of my coins to an exchange though for trading purposes but that's it.
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July 28, 2018, 03:37:16 PM
 #57

Ues obcourse i am keeping my coins privets keys and wallets in a more secure place that only me knows it and i make also some soft copies and pud in my usb and keep it safe so that if i need it in the future i can still use it.

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July 28, 2018, 03:39:41 PM
 #58

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?

Good question, by the way)) I sometimes leave my laptop on the table in a cofffee shop...but....I don't have any related to crypto information on this laptop, no passwords, no seeds, no adresses, nothing. So, I feel pretty secure. Can't judge if it's paranoia or security...I feel like to protect your wallet is normal....
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July 28, 2018, 03:44:29 PM
 #59

Of course it is very important to keep your wallets secure and I always double check everything. It's a kind of paranoia I agree.

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July 28, 2018, 08:03:22 PM
 #60

There are so many apps, 2FA, locking system available to secure your mobile and laptops that there are very little chance of your hardware wallet getting robbed unless you give it away to someone willingly. If you need more security, I suggest to always carry your hardware wallet with you.
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