Crypto wallets keep you safe

[Newlifebtc]

You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible  rubbery.  When you have your money in various wallets you can not be rubbed unless you are careless over it.

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[Upgrade00]

There is still risk that comes with holding crypto, with a $5 wrench, someone can force another who holds bitcoins, to send them to their wallet addresses. There's also the digital risk that comes with going cashless as you are potentially exposed to hackers and scammers.
With Bitcoin you're your own bank and the security of your funds depends solely on you;
• Never reveal your holdings,
• Do not go around with your wallet hardware device,
• Use only non custodian wallets...

[jossiel]

There is still risk that comes with holding crypto, with a $5 wrench, an armed thief can force someone with bitcoins to send them to their wallet addresses.

This is why it is important to remain low key. Whether it be in your digital life/social media posts as well as in real life that you're too careful to tell stories about yourself being involved in crypto investments.

When you have your money in various wallets you can not be rubbed unless you are careless over it.

As the above quote says, you can still be robbed forcefully if you're not careful to your words and if you're too showy to others that you own cryptocurrencies.

[Oshosondy]

Bitcoin is a very good alternative to fiat but not fully a substitute, they can exist together which makes humans to find means of diversifying money and assets. I do not see bitcoin promoting cashless society because there is still money printing, if you are also talking about fiat generally, is fiat not one of the major means that are used to buy bitcoin. Also know that fiat can be cash and also can be in digital form, the fiat that has been in digital form really help money printing to reduce because some people are making use of fiat in digital form also.

Bitcoin can be stolen, but it offers privacy which digital fiat can not offer, if it's private key or seed phrase is problem saved, it will not be stolen from someone, but this takes a very careful knowledge and experience. But one thing I like about bitcoin is that it is helping people in countries that their fiat are getting devalued to be a safe haven.

[Newlifebtc]

There is still risk that comes with holding crypto, with a $5 wrench, someone can force another who holds bitcoins, to send them to their wallet addresses. There's also the digital risk that comes with going cashless as you are potentially exposed to hackers and scammers.
With Bitcoin you're your own bank and the security of your funds depends solely on you;
• Never reveal your holdings,
• Do not go around with your wallet hardware device,
• Use only non custodian wallets...

So true but most times people just master there password and other security questions that are attached yo their wallet, then they delete their wallet from their phone and download it back only when they want to do a transaction and still delete it afterwards

[Charles-Tim]

So true but most times people just master there password and other security questions that are attached yo their wallet, then they delete their wallet from their phone and download it back only when they want to do a transaction and still delete it afterwards

To recover back your wallet, you need the seed phrase, and passphrase if included.

That will be one of the simple ways to easily lose the seed phrase and any other thing related to how you can access your wallet by easily forgetting it. Memorizing such will lead to wallet lost because the brain is not 100% perfect, it is not surprising to forget what you have thought to have known for months.

The best is to do offline backup of the seed phrase or other thing related to your wallet recovery, having two other copies and should be stored separately in different locations.

[Little Mouse]

Hackers are robbers here. If someone doesn’t take enough necessary steps to secure their wallet, or if someone is so naive to understand hackers small trick, they are likely to get hacked easily.

[mk4]

So true but most times people just master there password and other security questions that are attached yo their wallet, then they delete their wallet from their phone and download it back only when they want to do a transaction and still delete it afterwards

Since you're talking about passwords and security questions, you're probably referring to centralized wallets. Huge huge no.

https://NotYourKeys.org/

[zasad@]

You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible  rubbery.  When you have your money in various wallets you can not be rubbed unless you are careless over it.

Investing wisely will help you solve your financial problems, but you must develop your investment strategy before starting.
Investing in bitcoin now is an investment for a period of 5-10 years.
It is not worth investing money that was borrowed
You shouldn't try to solve your current financial problems with speculation.
A hardware wallet is secure enough for any newbie

[AWMM24]

You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible  rubbery.  When you have your money in various wallets you can not be rubbed unless you are careless over it.

Sometime its not careless. Some scammers make you believe that some people got scammed

[ShowOff]

-snip- A hardware wallet is secure enough for any newbie

Compared to paper wallet, hardware wallet should be a general recommendation for any newbie here. Apart from that there are some other good wallet that can also be recommended to them such as electrum, bitcoin core and a few others to educate that exchange are not a safe place to store bitcoin invested in the long term. Although I don't have a hardware wallet at the moment, I would recommend it to anyone who wants to have a good security experience for storing their bitcoin.

[Newlifebtc]

Hackers are robbers here. If someone doesn’t take enough necessary steps to secure their wallet, or if someone is so naive to understand hackers small trick, they are likely to get hacked easily.

I know but most times it is the exchange platforms that are been hacked not a renowned wallet for saving bitcoin and other crypto that is hacked

[Lucius]

I know but most times it is the exchange platforms that are been hacked not a renowned wallet for saving bitcoin and other crypto that is hacked

Hacking crypto exchanges is always a realistic option, but most reputable exchanges keep most coins in cold wallets, which means that they are only slightly vulnerable to hacking (hot wallets). The biggest danger, however, is that the user becomes a victim of phishing (log to fake site) and thus becomes hacked.

Any non-custodial wallet (mobile/desktop or even hardware wallet) should be more secure than any online solution - but if you store the backup in a bad way (email, unprotected document on a personal computer, etc.) it's only a matter of time before something bad happens. Of course fake wallets are another added threat, all those who used Electrum a couple of years ago know how easy it is to lose everything if you don’t verify the wallet file before installation.

[hugeblack]

You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible  rubbery.  When you have your money in various wallets you can not be rubbed unless you are careless over it.

If you do not know what you are doing, dividing your coins into several parts will increase the fees that you will pay in the future, and you will not get any additional advantage.
The point of protecting your privacy starts from managing a full node and ending not using traditional block explorers.

But the most important question is why do you want to hide your identity? The answer to this question will determine the most efficient way to enhance your privacy.

[pooya87]

It's also important to store crypto on non-custodial wallets like Ownr or Lumi.

It is stupid to store anything in closed source wallets since you have no idea what is happening in the background. The best case scenario is that they aren't malicious and you lose your funds due to a bug and worst case scenario is that they are malicious and not only they are monitoring everything you do but also they have all your private keys.

Ownr is completely closed source
Lumi has some libraries on Github but not a proper source code and it is not popular at all

[Pmalek]

@pooya87
Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.

Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.   

[pooya87]

@pooya87
Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.

Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.   

I didn't realize that. It seems like shilling of all types is getting worse on bitcointalk these days, we still have to reply and write a comment to warn newcomers who may read such malicious posts so that they don't fall for it.

[Iphomme]

    That is why we need to make high and  unique password key to maintain secured our wallet cause we do not know the next things will happen and other people sorround us if they will think about something wrong not to point them but just to be wise and used to protect ourselves also.

[Pmalek]

   That is why we need to make high and  unique password key to maintain secured our wallet

That depends on what you consider to be a "password key"!? A password that encrypts your wallet file or a passphrase as an extension or 25th word of a seed. Although both are important, but forgetting the password of your software wont result in you losing your coins as long as you have access to your recovery seed. Forgetting your passphrase will cause you to lose all funds protected by said passphrase (unless you can bruteforce it) even if you have the seed.   

[nakamura12]

You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible  rubbery.  When you have your money in various wallets you can not be rubbed unless you are careless over it.

Sometime its not careless. Some scammers make you believe that some people got scammed

As you have said, scammers always finds a way to scam people by any means necessary. Not being careful leads to losing all of your funds. As what pmalek said that if you didn't save or made a back up of your wallet important information then there's no way you'll get your funds back. Centralized wallets are not recommended to use and using an exchange as your wallet yo store your funds is a big no.