Running wallet secure

[Herbert2020]

you need to change your strategy. most coins are not worth keeping and you should dump them anyways. or hold them on exchanges to be able to sell as fast as possible. only hold a coin that you think is really good and not hyped. for that you can use popular wallet that are tested. there are wallets that support multiple cryptocurrencies which are gaining popularity. there is also always hardware wallets that support multiple coins such as Trezor.

as for Sandbox, it is not just one application, it is a concept. for example one of the popular applications to use is what was introduced above: VirtualBox. you can use one of the smaller linux distributions for installation so that it takes up smaller space on your HDD so that you can run multiple instances requiring smaller space.

[adzino]

you need to change your strategy. most coins are not worth keeping and you should dump them anyways. or hold them on exchanges to be able to sell as fast as possible. only hold a coin that you think is really good and not hyped. for that you can use popular wallet that are tested. there are wallets that support multiple cryptocurrencies which are gaining popularity. there is also always hardware wallets that support multiple coins such as Trezor.

as for Sandbox, it is not just one application, it is a concept. for example one of the popular applications to use is what was introduced above: VirtualBox. you can use one of the smaller linux distributions for installation so that it takes up smaller space on your HDD so that you can run multiple instances requiring smaller space.

Suggesting someone to hold their coins in an exchange wallet is the worst thing to do. Exchanges are not safe! No matter how popular the exchange is, it is never safe to store your coins for long term in an exchange. The exchange might get hacked (might be an internal job  ) and you may lose all your coins. The exchange might go down for a while, and you might lose access to your coins when you need it the most.

[MorningTradeNeo]

Importance of cryptocurrencies are increasing day bay day. So the importance to secure wallet that store crypto currency is much more important too. I will suggest you to encrypt your wallet and make back up of it.

[Tykeim Carson]

You can always try the cold wallets (offline wallets) and paper wallets as they are a good way to keep your coins secured from the internet. But using hardware wallets are highly recommended. Hardware wallets with physical keys will provide you with an extra layer of security and keep your coins protected too.

[crazybtclover]

Your hard drives, laptops, and phones are the brand new bank vaults. Real-world experience and understanding of how to protect money from thieves are not sufficient for the virtual money. Try to keep your personbal data to you as much possible.

[croptodic]

You have to be a little more paranoid while browsing the Internet, clicking on unknown links and email attachments can bring you to a hacker.

[farhiamunni]

You can create backups. A backup of your cryptocurrency wallet may save you from hardware failures and a lot of human slipups. It will also let you restore your wallet in case your PC or telephone gets stolen.

[lpxcc]

Hi guys,

thank you very much for your feedback. To keep my wallets/coins secure i'm...

• storing my private keys on paper held on 2 different locations
• keeping coins (if possible) on my TREZOR / TREZOR-T hardware wallet
• backuping daily my wallet.dat files
• using strong passwords for my wallets

The Idea to test new wallets on separate virtual machine is good!

[Haynes]

I have never used SandBox Wallet because I saved my money on the Local Exchange.
Then I will also advise you to save your cryptocurrency in hardware wallet like Nano Ledger, Trezor and KeepKey.

[Wicked Sick]

Hello together,

I'm searching for a solution how I can run my wallets secure, I mean today I can't trust every wallet release which is stored at GitHub, because there can be always some suspect code in wallet and I dont want loose my coins.

It there any solution to start new wallets on my OS safe? I tried to use sandbox, but I couldn't start 2 wallets.

How do you keep your system / coins safe?

Thank you,
lpxcc

Just make sure that you have some kind of back up for your wallets, that way when you are holding the coins you know that if anything happens to your computer then you can always get them back. That is what I do, having a back up of the wallets is what saves you when the unexpected happens to the wallet. Better than trusting a hardware that can fail anytime

[Buttermellow]

If it is ERC20 tokens then metamask would be better at keeping the tokens. This is the only digital wallet I have been trusting the whole time compared to MEW. I know that MEW is a trusted digital wallet too for ERC20 tokens but I preferred more metamask. So, i suggest to use metamask for this.

[funchiestz]

You don't have to use hardware wallet. You can use paper wallet if you want. So, you don't have to think safety with paper wallet.

[deevan]

You don't have to use hardware wallet. You can use paper wallet if you want. So, you don't have to think safety with paper wallet.

No doubt paper wallets are also very secure but the back draw of using paper wallet is that when you want to spend your coins then you have to import your private keys in any supported wallet, as the OP doesn't have trust in any random wallet so paper wallet with a combination of any random wallet won't be the best way for him to secure his assets. He needs some isolated environment to store his cryptocurrencies, in that case, hardware wallet could be the best choice.

[kingsman03]

Try getting a hardware wallet then but there are most common wallets used by almost all and is considered 90% secure. so make some deeper research on this

[anjohyx]

I have never used SandBox Wallet because I saved my money on the Local Exchange.
Then I will also advise you to save your cryptocurrency in hardware wallet like Nano Ledger, Trezor and KeepKey.

I don't recommend store your assets on exchange except you want to daily trading, hardware wallet don't support all the coins, so you must install wallet in computer to store your coins, be careful not all the wallet is safe, so you can use VMware workstation install wallet to secure your main computer security, remember backup your wallet.dat and encrypted password

[bitkanu]

Can WE trust a Metamask? I'm pretty sure WE are. Register a new wallet, and use the private key to it only once - to import into Metamask. To monitor the balance, use etherscan or bot in the telegram. Use a separate browser for Metamask, do not update it (browser and Metamask).

Metamask can be one of the options for security of wallet and yet currently metamask cannot be a good measure as a security system, it would be better if you use Trezor

Built in wallet in a browser with add on extension? I dont think that will be "Secure" enough until someone finds out how to steal information from that extension. Hardware wallet is the only secure option out there because you will always be required to verify the transaction manually through the hardware

[MrGGates]

Hello together,

I'm searching for a solution how I can run my wallets secure, I mean today I can't trust every wallet release which is stored at GitHub, because there can be always some suspect code in wallet and I dont want loose my coins.

It there any solution to start new wallets on my OS safe? I tried to use sandbox, but I couldn't start 2 wallets.

How do you keep your system / coins safe?

Thank you,
lpxcc

a lot of hardware is sold to secure your transactions and secure your wallet for example trezor and ledger, and many others, but that is quite expensive if only for Bounty Hunter

[raven.tiu17]

Maybe you can,buy a new SmartPhones like HTC powered by blockchain technology. The hype is real on that phones. Im curious right now on how nocoiners will use the new Running Wallet on Htc.

[nityans]

I try to use proven popular wallets to store cryptocurrency. From hacking no one is immune, and so I choose wallets that have already proven themselves.

[Maricel2017]

Before i am using MEW and i do not have any problem with that wallet but since our local bitcoin wallet added some coins which is included my coins hold then i transfer all my balances and not using mew again because i know that our wallet is secured and reliable.