South Park
|
|
August 28, 2019, 10:50:46 PM |
|
I'm trying to improve/perfect as much as possible the security of my Bitcoin.
My current security is:
snip 4. Only access my BTC on a computer that I rarely use and update the virus software to stop trojan horse/remote access.
I'm wondering a few things though:
snip 2. Is there anything else obvious I can/should do to improve this process?
Thanks for any comments or suggestions.
Since you are using an antivirus I suppose that you are using one of the many versions of Windows OS, if you are really serious about securing your bitcoins then you need to use something else, there are simply too many backdoors and it is impossible to completely secure a computer with a Windows OS, it is better that you use one of the many versions of Linux, if you have no experience with Linux then it could take some time to get used to it but it is worth it since you will know the chances of losing your coins to a hacker will be low, also it could be a good idea to encrypt your computer just to be completely sure you are doing everything you can to avoid to lose your coins.
|
|
|
|
vintages
|
|
August 28, 2019, 11:50:21 PM |
|
Keeping it safe is possible but nothing is 100% safe in this modern world so don't be too sure, new technologies are proving us wrong everyday. Even the toughest device can still be cracked down if those hackers are determined to do so. However it's good to know the length you are going to secure your funds. Though, I personally feel the major threat are the hackers and thieves, less threat might come from the government.
|
|
|
|
pooya87
Legendary
Offline
Activity: 3598
Merit: 10918
|
|
August 29, 2019, 03:18:04 AM |
|
it may just be me but i consider hardware wallets to only be good for when you have a large amount of bitcoin and also want to spend it regularly. otherwise they are not good for "storage". for that i still prefer cold storage where you choose a medium that is physically disconnected from the internet, and store your wallet/keys there. now that "medium" could be a piece of paper, wood or metal or it could be an operating system installed on a device that has no internet connection ever.
|
|
|
|
xanxus.kun
Full Member
Offline
Activity: 495
Merit: 100
You have to get what you want your own way.
|
|
August 29, 2019, 03:34:43 AM |
|
As true as 'ledger does not have your keys' may be at this point. Remember that much of their hardware and software is proprietary and closed source. We don't fully know what the software and hardware does or is capable of doing.
I totally agree with this one, I'd rather keep it simple save your keys on a small piece of paper. Put in a secured and safe storage. Its not that I can't trust those third party protection but its better to be safe than sorry right?
|
|
|
|
ethereumhunter
|
|
August 29, 2019, 05:13:59 AM |
|
First, I would say you're doing good to secure your wallet.
As long as you save 24 word-phrase and have the back-up, you don't have to afraid if somehow the company closes their business because you can transfer it into another device. There are a lot of devices you can use, like for example, you can use electrum in the computer, android phone, or laptop. The other thing you can do is don't tell other people about how much bitcoin or altcoin you have, don't tell them where you store the wallet, and you're good to go.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Kakmakr
Legendary
Offline
Activity: 3542
Merit: 1964
Leading Crypto Sports Betting & Casino Platform
|
|
August 29, 2019, 05:46:14 AM |
|
The hardware manufacturer designed the device to work with other wallet providers, so you only have to use the "seed" that was generated, when you configured the device, to enable you to "import" those coins onto other wallet provider's software. You do not have to use your hardware wallet with the software that were provided by the manufacturer, you can use it with other software to access the coins. If the company goes bankrupt, other software developers will quickly jump at the opportunity to grab that market with all those customers.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
antisocial77
Jr. Member
Offline
Activity: 378
Merit: 4
|
|
August 29, 2019, 05:51:48 AM |
|
Whatever you do there is always a risk.those suggestions are good ofcourse but they only reduce the risk.shortly cyber world will never be %100 secure.
|
Silica NeXus ▄▄▄▄▄ Crowdfund the Nexus ▄▄▄▄▄
|
|
|
BitValve
Copper Member
Newbie
Offline
Activity: 28
Merit: 0
BitValve P2P Cryptocurrency Exchange
|
|
August 29, 2019, 01:02:00 PM |
|
The hardware manufacturer designed the device to work with other wallet providers, so you only have to use the "seed" that was generated, when you configured the device, to enable you to "import" those coins onto other wallet provider's software. You do not have to use your hardware wallet with the software that were provided by the manufacturer, you can use it with other software to access the coins. If the company goes bankrupt, other software developers will quickly jump at the opportunity to grab that market with all those customers. The seed is actually the 12-24 word seed that you can only use within the hardware device (trezor etc..) in order for the device to recover your funds. Im not sure that you can use these words to recover wallet somewhere else, most probably not. After recovering funds you can then move those funds to any wallet provider software or hardware.
|
|
|
|
petrcoin
|
|
August 29, 2019, 01:14:07 PM |
|
We should all be reminded that there is no 100 percent secure system or in this case your Bitcoin holdings and any assumption of its solid
security would be dangerous and we should always be security conscious and practice those actions mentioned in previous posts. I think
using a hardware wallet would be excellent but I suggest to try to harden your pc security (e.g. use firewalls, antivirus, use VPN, password manager
etc) to make it more harder for intruders to attack your system.
|
|
|
|
Lutpin
Copper Member
Legendary
Offline
Activity: 1890
Merit: 1874
Goodbye, Z.
|
|
August 29, 2019, 01:23:39 PM Last edit: August 29, 2019, 01:39:07 PM by Lutpin |
|
The seed is actually the 12-24 word seed that you can only use within the hardware device (trezor etc..) in order for the device to recover your funds. Im not sure that you can use these words to recover wallet somewhere else, most probably not. After recovering funds you can then move those funds to any wallet provider software or hardware.
Technically the 24 words are a mnemonic phrase, from which the seed is created, which then in turn is used to derive a HD wallet from. Ledger, Trezor and other hardware wallets did not invent the technology that is used to do that, they apply several BIPs in their devices for that. To list them, there would be: BIP39 - The wordlists used for mnemonic phrases and how to derive seeds from them. BIP32 - The method to build HD wallets from a seed. BIP44 - Extending BIP32 via defined derivation paths. As you can see, the full path from mnemonic phrase up to the private key/public key pair is done using open source technologies, meaning any other software and hardware wallet can implement the exactly same method. Such has been done ample times and there is a long list of alternative ways to get to your keys and thus funds in case you lose your device / it becomes unusable.
A few more points of information: Both the Ledger and the Trezor do use proprietary software, but not in the process of generating keypairs. slush and stick are co-authors of BIP39 & BIP44, and the founders of SatoshiLabs, the company selling Trezors. So while they created some of the software used, they have made it available to everyone.
|
| | | | ███████ ██████████ ██████████ ██████████ ██████████ ██████████ ██████████ ██████████ ██████████ ██████████ ██████████ ██████████ ███████ | | | |
▄████████████████████████████████████████████████████████████▄ ██ ▄▄▄▄▄▄ ██ ██ ██████ ▄██████████▄ ████████████████████▀ ██ ████████ ▄████▀ ▀████▄ ████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██ ████ ████ ████▀ ▀██▀ ████ ██ ████ ████ ▄███▀ ████ ██ ████ ████ ███▀ ████▄▄▄▄▄▄▄▄▄▄ ██ ████ ████ ███ ██████████████ ██ ████ ████ ███▄ ████▀▀▀▀▀▀▀▀▀▀ ██ ████████████████████ ▀████ ████ ██ ██████████████████████ ▀████▄ ▄██▄ ████ ██ ████ ████ ▀████▄ ▄████▀ ████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██ ████ ████ ▀██████████▀ ████████████████████▄ ██ ▀▀▀▀▀▀ ██ ▀█████████████████████████████████████████████████████████████████████▀ | | |
|
|
|
jake zyrus
|
|
August 29, 2019, 02:14:42 PM |
|
I believe you can't secure your bitcoin 100% from them. It is always prone to thieves and hackers as long as it has a value. As long as you monitor and keep them secure, even not with a hundred percent, then you can avoid and lessen the possibility of getting it stolen.
|
|
|
|
Aiwei052289
Newbie
Offline
Activity: 20
Merit: 0
|
|
August 29, 2019, 02:37:11 PM |
|
I only use windows defender anti-virus for my windows PC. Do i need to install a better anti-virus to prevent my PC from a hacker? btw I also use ledger nano to hodl my coins.
|
|
|
|
killat
Member
Offline
Activity: 742
Merit: 21
Be the reason someone smiles today
|
|
August 29, 2019, 04:02:49 PM |
|
Holding your funds in a hardware wallet seems to be the best option for now.
Not sure if it's 100% safe, but I did not hear till now that a hardware wallet to be hacked. However, you should be very careful on how you keep your seed words.
|
✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦ Be kind whenever possible. It is always possible ✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦
|
|
|
audaciousbeing
|
|
August 29, 2019, 04:38:10 PM |
|
I only use windows defender anti-virus for my windows PC. Do i need to install a better anti-virus to prevent my PC from a hacker? btw I also use ledger nano to hodl my coins.
Windows defender to a large extent has been a life saver and I believe its sufficient enough to keep your system safe except its a targeted attack. Also, you might want to install another one if you feel that would give you peace of mind but be careful on the exact one you patronising so you don't bring in issue for yourself in a willingly manner. Aside from the suggestions on the right way to keep funds safe, I think another way is to do right especially on the part of government. File your returns if needed, pay your tax as at when due and government would be the least of your headaches.
|
|
|
|
BitValve
Copper Member
Newbie
Offline
Activity: 28
Merit: 0
BitValve P2P Cryptocurrency Exchange
|
|
August 29, 2019, 07:30:53 PM |
|
The seed is actually the 12-24 word seed that you can only use within the hardware device (trezor etc..) in order for the device to recover your funds. Im not sure that you can use these words to recover wallet somewhere else, most probably not. After recovering funds you can then move those funds to any wallet provider software or hardware.
Technically the 24 words are a mnemonic phrase, from which the seed is created, which then in turn is used to derive a HD wallet from. Ledger, Trezor and other hardware wallets did not invent the technology that is used to do that, they apply several BIPs in their devices for that. To list them, there would be: BIP39 - The wordlists used for mnemonic phrases and how to derive seeds from them. BIP32 - The method to build HD wallets from a seed. BIP44 - Extending BIP32 via defined derivation paths. As you can see, the full path from mnemonic phrase up to the private key/public key pair is done using open source technologies, meaning any other software and hardware wallet can implement the exactly same method. Such has been done ample times and there is a long list of alternative ways to get to your keys and thus funds in case you lose your device / it becomes unusable.
A few more points of information: Both the Ledger and the Trezor do use proprietary software, but not in the process of generating keypairs. slush and stick are co-authors of BIP39 & BIP44, and the founders of SatoshiLabs, the company selling Trezors. So while they created some of the software used, they have made it available to everyone. Okay thats interesting info, that i did not have right in my head. Thanks for for clarifying it, Lutpin.
|
|
|
|
BitValve
Copper Member
Newbie
Offline
Activity: 28
Merit: 0
BitValve P2P Cryptocurrency Exchange
|
|
August 29, 2019, 07:32:51 PM |
|
I only use windows defender anti-virus for my windows PC. Do i need to install a better anti-virus to prevent my PC from a hacker? btw I also use ledger nano to hodl my coins.
Ledger Nano and/or Trezor is a good choice ( please read the replies above). Windows are not very "keen" to protect you from "hackers" and/or viruses and i think that Windows Defender is not a good choice for AV. Why dont you download some of the Free Antiviruses available like AVG/Avast etc ?
|
|
|
|
barbara44
|
|
August 30, 2019, 08:38:31 AM |
|
I think that you are still good with your forms of securing your account, but that number 2 is what I personally would not do, because it is not everyone that can be as careful as you, and storing your words in multiple places will surely expose you to the risk of being hacked easily because no matter what, those keys will be there for the next 10 years, and within that space of time, you would have done so many things that may even make you forget one or two places where you have kept the words.
My best bet for anything wallet, is just for you to write it out and then store it in your back, then you probably create just an email that you will never share with anyone or any site for people to know it exist, then you keep the words in there, I think two places is much more than enough.
|
|
|
|
Duzter
Sr. Member
Offline
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
|
|
August 30, 2019, 09:23:20 AM |
|
I don't have much of funds, upon the same I never consider the security to be a big threat. Most of my funds were in exchanges, gambling websites and online exchanges. Maybe this seems completely insecure, but this is far better to stay away from governments. Also I never reveal to an outsider that I'm cryptocurrency user which might create some threat for me from thieves.
|
|
|
|
█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
kecha1
Newbie
Offline
Activity: 44
Merit: 0
|
|
August 30, 2019, 10:25:52 AM |
|
Make no mistake. Do not share your personal information with strangers. Do not make suspicious transactions.
|
|
|
|
Nnuego
Jr. Member
Offline
Activity: 266
Merit: 4
|
|
September 25, 2019, 08:19:22 PM Last edit: September 26, 2019, 05:10:08 PM by Nnuego |
|
100% is not possible as long as computers are involved.
Also if bad people know about you having a lot of Bitcoins, they could use traditional methods, like torturing etc.
The safest way then is never to tell anybody about the amount of bitcoin you have. Never disclose to anyone you're investing in bitcoin cos everyone is a suspect. Nobody to trust in terms of money issues. It's better to play safe and wise and in your dealings
|
▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Cowrium.net ║A Multidimensional Blockchain & Smart Contract Innovation driven by Cowrie (https://www.cowrium.net/)
|
|
|
|