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Author Topic: Safety of your private key  (Read 17665 times)
faceoff97
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October 26, 2018, 07:21:32 AM
 #181

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

Better to keep your key encrypted, there were wallets who gives back ups in different form for us to be away from any malicious software trying to get the private key. I have a wallet called HODLER wallet that gives secure backup, this back is stored in a encrypted archive so no could have accES. I have it on my email and even though they hacked my email they can't still get what's inside the file since it requires another password. The password are in different form like QR code. We could not trust anybody with our funds, tgat is why it is essential to keep the password safe and have backup for it.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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October 26, 2018, 08:26:16 AM
 #182

The best way (in my opinion) is the "old school" way to store it. Take a piece of paper write it down and keep it at least 2 different and secured location!

Yes it's the most secure way to store the private keys, to write on a sheet of paper and to hide in the safe made of steel. Some older people who are not so good in computing create even paper wallets, it's easier for them.  
I would not say this is about how old the person, or how good is with computers. Personally i'm not the biggest expert with security on computers, even i'm working with it every day. I heard this idea from several developers who i know personally and i know that they are really good at what they are doing!
So it's more about the "offline security".
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October 26, 2018, 08:34:34 AM
 #183

Ensure you keep your private key and never give it out to anybody for whatsoever reason. Most importantly avoid phishing site. Got hacked few months ago,  inputted my private key and before I knew it all my ETH in my wallet was gone.

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yapa ve yalniz
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October 26, 2018, 08:37:07 AM
 #184

i'm hiding on my server =) it may sound funny, but it's safer this way. I'm hosting too many erc20 coins

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October 26, 2018, 09:58:11 AM
 #185

Of course the security of our wallets depends on us, here you have to be careful and keep your secret key out of reach of strangers.
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October 26, 2018, 10:03:54 AM
 #186

Private key is the most important information about your wallet, together with the seed phrase. I would say, write both of them down to your notebook. You would have your info offline and avoid visiting the fishing websites and telling someone your private key.
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October 26, 2018, 11:20:29 AM
 #187

If we have some wallet we need to be safe it first, Because it is important for us. All of our coins are in there.
And if our private key it's not on safe situation maybe all of our coins it will gone.

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October 26, 2018, 02:47:38 PM
 #188

I don't understand how some people can pass the security of their crypto currencies on the second. It's crazy. Can be they and honor their wives on other people leave?
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October 26, 2018, 02:51:21 PM
 #189

i'm hiding on my server =) it may sound funny, but it's safer this way. I'm hosting too many erc20 coins
I invest a lot of altcoin and most of all my altcoin are stored there, and I also thought this way, But I decided not to do that. I created a folder and installed a password for it, and protected my computer from malware. And so I'm almost completely safe


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October 26, 2018, 02:54:24 PM
 #190

I think that I will tell the truth that few people say, on the Internet or even more, in the digital space there are a lot of security holes that, of course, only hackers who understand how to use them correctly can of course use.
Kadal Ijo
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October 26, 2018, 03:10:31 PM
 #191

Psrivate key is important, I keep my private key in Excel and make sure that the computer is in good condition, I use Windows 10 and activate the security system so that the data I keep is always safe.

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October 26, 2018, 03:23:04 PM
 #192

The private key is usually leaked out by ourselves. Or click on the phishing website was stolen. As long as you keep it safe, you won't let it out. Please find a safe way to keep your private key. Because divulging your property will be a great loss.


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October 26, 2018, 03:26:46 PM
 #193

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


it's not the best way, but it's a must not to share private keys with anyone if you don't want to lose your altcoin. especially for your pc's health problems that must be maintained. adding security has become a must for the level of protection
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October 26, 2018, 03:27:18 PM
 #194

I am writing my private keys to a paper. I think that is the safest way. Because you know in that digital age everything is possible. Hackers can steal from everywhere so i am storing my priv keys in my notepad. I am writing with my own hand.

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October 26, 2018, 03:36:34 PM
 #195

When you use hardware wallets , such as ledger nano , no need to worry that you'll ruin your private key. Your private key providing access to your coins, never displayed. Ledger all wallets have "chip / smart card", which includes the secure element. This chip is used for high security applications such as protection of biometric data on passports or credit card information
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October 26, 2018, 04:45:33 PM
 #196

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
Be sure to use 2FA, store private keys on USB drives, always save yourself tabs in the browser with the official wallet sites, use protective shells like MetaMask.


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October 26, 2018, 05:01:55 PM
 #197

Keeping your private key really matters in cryptocurrency. To safely keep your private key, avoid visiting unknown sites and also use hardware wallet such as ledger to keep your private key safe.

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October 26, 2018, 05:20:05 PM
 #198

There are many good applications for saving your passwords and keys or you can put it in document or archive and encrypt it)

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October 26, 2018, 05:25:06 PM
 #199

Private key is a prime factors in online virtuality or cryptocurrency because one if lossing anyone private key in mew wallet he might lost all.my friend lossing his private key hence he lost of all his altcoins, some ETH.

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October 26, 2018, 05:27:40 PM
 #200

To ensure the privacy of your private key, I think you should buy external storage devices such as USB, saving essential private information on USB is very safe because if you do not use you will withdraw them from the PC so can avoid hackers.

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