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Author Topic: Safety of your private key  (Read 17665 times)
Chicky213
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March 30, 2019, 10:00:16 PM
 #301

Private key is like the the life to your funds. If you lose it, then all your funds will be gone. There is no remedy. The best way I protect my Private key is by writing it out in different save locations , incase I lose my device. I use it as a backup, in case my device gets tampered with.
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March 30, 2019, 10:59:57 PM
 #302

The private key is best stored on paper in the format of the QR code, in which case it can be easily read and accessed your wallet.
I have long printed all my private keys in several copies on paper and keep in a safe.

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March 30, 2019, 11:14:10 PM
 #303

I am very aware of that, therefore I don't give it to anyone, I always try to maintain privacy because even though I only have cheap coins but I will save it because maybe one day the coin will be able to have a high price therefore I am not want to lose it

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March 30, 2019, 11:14:51 PM
 #304

Well in the crypto world there are lots of hackers or people who lurk our wallets if we are not careful and keep our wallet keys safely, sometimes a lot of phishing is circulating so don't click on the link that enters our email, for example from airdrop and so on
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March 30, 2019, 11:23:54 PM
 #305

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

But of course, you can give it to anyone in your family that you can trust, because these coins are considered investment someone has to take over it in case something unexpected happen, you can do a will for it and entrusted it to all your inheritors there are so many instances that coins are lost because there are no inheritors..

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March 31, 2019, 02:32:50 PM
 #306

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
If you are going to use a hardware wallet, keep the private key in a place that nobody knows. It will be even safer to use another computer for coins. Or, using Ledger and trezor type hardware wallets will provide the best security.
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March 31, 2019, 03:18:35 PM
 #307

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
It is certainly safe , but if a person performs a bounty then I do not think that it will be profitable to buy a wallet , and even people with a Deposit of up to$1000

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March 31, 2019, 03:22:57 PM
 #308

just a tips if you using ether wallet , better use third party like metamask
that add on on browser really amazing , you dont need to input your private key to any exchange anymore.
that make your wallet more safe from fake website
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March 31, 2019, 03:23:55 PM
 #309

Always save and secure the private key wallet that we use to store cryptocurrency assets. because if someone else is lost or stolen then we will lose all assets owned. This private key is like our life that we must guard completely so we don't lose it.

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March 31, 2019, 03:55:21 PM
 #310

No matter what type of the wallets, better store the key offline and protect with password. I think it can be stored online, but must be encrypted first with strong combination.
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March 31, 2019, 04:10:02 PM
 #311

in my opinion, to use the private key you should also have other alternatives such as the mnemonic phrase and use it to move

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March 31, 2019, 04:13:41 PM
 #312

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
It is certainly safe , but if a person performs a bounty then I do not think that it will be profitable to buy a wallet , and even people with a Deposit of up to$1000
Of course, no one's gonna buy a hardware wallet to keep a few kopecks on. I'd like to buy such a hardware wallet too, but for now it doesn't make sense.

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March 31, 2019, 04:57:55 PM
 #313

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, because the private key is very important and I think everyone will save it in their own way which they think is safe to do and I don't think anyone wants to share their private key with others, even though it's his own best friend and maybe some of them tell his friend for certain reasons.
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March 31, 2019, 05:05:27 PM
 #314

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

First rule in cryptocurrency:  never give out your private keys, Passphrase or mnemonics to anyone. This is sang like a nursery rhyme every day in cryptocurency yet people still fall victim of such scam

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March 31, 2019, 05:37:02 PM
 #315

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
It is certainly safe , but if a person performs a bounty then I do not think that it will be profitable to buy a wallet , and even people with a Deposit of up to$1000
Of course, no one's gonna buy a hardware wallet to keep a few kopecks on. I'd like to buy such a hardware wallet too, but for now it doesn't make sense.
The most reliable advice is to keep all the coins on a flash drive or other autonomous PC which is not connected to the internet. Don't trust them to anyone, even close friends, and never send  own keys them in the Telegram or e-mail, even to your account.
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March 31, 2019, 05:47:03 PM
 #316

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

thats right,,
but, not only for new guys my friend,, old guys must keep their private key in the safest place too
because private key is very important for us  Wink

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March 31, 2019, 05:57:14 PM
 #317

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
The wallet that you use is indeed the best wallet at the moment because for me the hardware wallet is the safest wallet.
but still we must be careful when using it because if it is lost it is not impossible that your wallet will be hacked.
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March 31, 2019, 06:25:45 PM
 #318

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
It is certainly safe , but if a person performs a bounty then I do not think that it will be profitable to buy a wallet , and even people with a Deposit of up to$1000
Of course, no one's gonna buy a hardware wallet to keep a few kopecks on. I'd like to buy such a hardware wallet too, but for now it doesn't make sense.
The cost of a hardware wallet is less than $ 90. If you plan to deal with cryptocurrency, then I think it is not big money for the security of your cryptoassets and safekeeping of nerves.
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March 31, 2019, 07:01:54 PM
Last edit: March 31, 2019, 07:13:51 PM by Thyristor
 #319

I now have hardware wallet ledger nano s for more than 1 year, i never had problem with it. I think is more safe and secure to have a hardware wallet, because even on linux i see some kind of viruses.
Hardware wallet most secure i got recommendation in many users. I  have been using hardware wallet from several months but i scared about my computer protection i mean if unfortunately i will be face pc hacking incident when hacker able to hack my wallet. I think Paper wallet is better than hardware wallet.
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March 31, 2019, 11:20:27 PM
 #320

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.

i agree to this statement, but if there are lots of users to your pc in your area, then it could not be safe, one thing i did so far is to safe keep your data in a private email not used in any transaction.

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