How to Secure Our Wallet to Prevent Being Hacked!

[pooya87]

Paper wallet only generate one private key, unlike the hardware wallets which are HD wallets generating several keys

A paper wallet is whatever you want it to be, you are not forced to print a single private key (WIF) on paper, you can simply generate a mnemonic and write that down on a piece of paper which makes it your HD-paper-wallet so you can generate as many keys as you want.

[1714978665]

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[1714978665]

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[1714978665]

1714978665

[1714978665]

1714978665

[1714978665]

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[Charles-Tim]

A paper wallet is whatever you want it to be, you are not forced to print a single private key (WIF) on paper, you can simply generate a mnemonic and write that down on a piece of paper which makes it your HD-paper-wallet so you can generate as many keys as you want.

My bad, that is true. The idea of paper wallet is the fact that the private key is not online but offline and is written on a paper. The idea of generating a HD wallet on an airgapped device and having the seed phrase properly backup on paper should truly makes it a paper wallet too, while many addresses can be saved and be used for transaction.

[nakamura12]

My bad, that is true. The idea of paper wallet is the fact that the private key is not online but offline and is written on a paper. The idea of generating a HD wallet on an airgapped device and having the seed phrase properly backup on paper should truly makes it a paper wallet too, while many addresses can be saved and be used for transaction.

I have my mew wallet created on 2018 and during the time I am using it is that I don't have any problems with. It is true that paper wallet like mew, metamask important files, private key or mnemonic phrase is not stored online though it is generated through the extension or mew website/app online. Didn't try generating offline yet on metamask but on mew tried many times already and works good on website (did not try app offline).

[Peanutswar]

Previously im just using with an executable file with the electrum and well its a good thing because before I don't have a hardware wallet most of the people suggest storing your seed phrase into a piece of paper it's an ideal too but its better if we store it with multiple copies and we know the physical texture of the paper so it's better to find some more ideal to write it not easily damage. Now I'm using with a hardware wallet which is more reliable than using a google extension or browser extension this feels make more safe.

[og kush420]

I just wanna add one point to this security mechanism for securing the wallets. A chain is as strong as its weakest link and in cyber world this weakest link is human. Trust me nothing can happen to your wallets unless you do something that is prohibited. We are missing one key aspect of hacking here i.e. social engineering. Hackers these days are mixing hacking tools with social engineering for there and I m saying this since it happened with me. Never download a file sent to you by stranger.