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Author Topic: Safety of your private key  (Read 17665 times)
Screamshot (OP)
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September 21, 2018, 05:30:12 PM
 #1

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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September 21, 2018, 05:38:49 PM
 #2

Just keep your coins in your wallet, add it to your browser's bookmarks, and go to the purse only if necessary, and there will not be problems.

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September 21, 2018, 06:42:03 PM
 #3

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me

Also, protect your passwords too. As for private keys, you may save these keys into two usb and store them on two different secured locations.  Remember to make the file encrypted with strong password.  If anyone found the usd, the encryption will save your data from being open and stolen.
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September 21, 2018, 06:49:21 PM
 #4

Absolutely, for the security of your wallet and the coins you need to keep your private key and password safe, never use the same password on other online websites and also stay safe from phishing sites.

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September 22, 2018, 11:28:04 AM
 #5

This is easiest
All you have to do is never compromise yourself
Never give out your keys
Avoid signing of message via dubious links
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September 22, 2018, 01:45:33 PM
 #6

The security of your private key is the only defense of your earnings. It is equally accurate that you do not share it with anyone, or your earning can also be zero. Use it only with your wellet only at the time of the transaction.

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September 22, 2018, 01:56:58 PM
 #7

To ensure your private keys are safe I suggest on you is to keep your private on a safe place, do some duplicate on it, avoid phishing sites so that your account would not be scammed. Only you should know your secrets on the keys of different wallet
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September 22, 2018, 02:09:08 PM
 #8

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me
"to protect your private key never give it out to any one"
What? Really? And if in fact, you just need to go to your wallet as often as possible, using a private key and you need to be careful and attentive when clicking on the links
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September 22, 2018, 02:23:01 PM
 #9

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me

of course but some of the issue about private key is hacking, so it's very important that you use anti virus and anti malware and avoid clicking links that you are not familiar with, install metacert so you will a green go if the online wallet you are visiting are safe and secured.

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September 22, 2018, 02:48:44 PM
 #10

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me
Guys your private key is important and you must keep it with extra care it must be in safe place or even don't use it to logging in with any decentralized exchange instead just used Metamask if it need to. Mostly the leaks comes with this simple logging in process or for sure don't put all your Digital Asset in a single wallet for better use back up. in case of unfortunate incident happen it wont lose all.
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September 22, 2018, 03:10:45 PM
 #11

Just keep your coins in your wallet, add it to your browser's bookmarks, and go to the purse only if necessary, and there will not be problems.
Using the method you said is really bad cause it will still expose your to danger and there hacking or installation of logger keys on your system. The best thing you can do is key your private safe either by printing it out, save it in safety deposit box or email and always use chrome incognito mode whenever you want signing your wallet.

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September 22, 2018, 03:40:59 PM
 #12

To prevent your wallet from being hacked, you should store your keys and passwords in a secure location and preferably offline. It would also be very desirable if you do not come across phishing sites. And as another option is to keep your savings on multiple wallets equally.
Or, you can purchase a hardware wallet.
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September 22, 2018, 10:47:18 PM
 #13

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me

Mine is more like a wallet that I use that do not needs any private key because it is bitcoin wallet. Still my wallet still contains password which very important and if you used it bye bye for that wallet.

Now speakng of private key, a wallet use that uses private key and prints you/gives you a peace of paper which contains a barcode like and the private key., which if you lose it say bye bye.

By protecting you private key I do not use my cellphone as a note/ a copy paste thing, I write it in a piece of paper which is I need it I just manually type it. And thatvis safety for me.

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September 22, 2018, 10:53:09 PM
 #14

Just keep your coins in your wallet, add it to your browser's bookmarks, and go to the purse only if necessary, and there will not be problems.
Using the method you said is really bad cause it will still expose your to danger and there hacking or installation of logger keys on your system. The best thing you can do is key your private safe either by printing it out, save it in safety deposit box or email and always use chrome incognito mode whenever you want signing your wallet.
I also frequently use the hardware wallet to store my cryptocurrency because I do not put much trust in the Exchange because at present there is a lot of lost information on Exchange without cause. Know how to protect yourself before risk can occur.
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September 22, 2018, 11:45:26 PM
 #15

Well your wallet is where you keep your coin safe and it always important to protect it
 One of the best way is to protect your private key never give it out to any one even if it's your mentor that is very important
 This is for new guys like me

besides putting it in a safe place, the important thing is to make backup files especially if it's done routinely, because we also often update the contents of our addresses. hardware wallets usage is also recommended especially if storing in large amount of bitcoin.

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September 23, 2018, 12:17:31 AM
 #16

that is certain, we must be careful in conducting transactions in the market. however there is a small gap, hackers will definitely be able to retrieve our security key to retrieve our ETH.
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September 23, 2018, 12:41:14 AM
 #17

It is good that you have a separate main account that is its main purpose is to store all of your earned assets, and best is not to make a possible air of its wallet address online, keep it low, and also hide in a cold storage all the information regarding on your main wallet.

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September 23, 2018, 01:04:01 AM
 #18

Though it is discussed more than a hundred times, but still thank you for your kind words. The private key is the everything! Private key lost or compromise will bring only sorrow. The wallet security is increasing and wallet hacker is being smart too. That's why it will suggest that you must use hardware wallet! hardware wallets are safer than others wallet.
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September 23, 2018, 01:18:32 AM
 #19

I had a bunch of Waves tokens stolen. I might have logged into a fake website. I'm not really sure how they got my private key though.

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September 23, 2018, 01:38:03 AM
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 #20

Hi there, i am also a newbie in this forum but i engaged in crypto over the years, private key should be placed in a very safe place that nobody knows except you., my strategy is that i put all the very important details in an email that i never used in any transactions online., in this way i feel safe all the details, but of course this is not applicable to anyone, or you can save all the important files into a USB and you can keep it.

Nowadays, there are lots of users that has been hacked in their MEW wallet because of the phishing site, and then they input their private key, you should bookmark the websites into your browser so that, it would be easy for you to access the access everytime you need to use it, lets all be cautious in everything we do and click, because its a matter of carelessness.

If you are a long term holder of a few coins, which has a core wallets, better store it in your individual PC's rather than using the web wallets.,its because its only you, that can access you wallet in your PC, not unless, there are lots of users in your PC.

Have a great day!!

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