Holiday season arrives, consider the security of your assets

[_BlackStar]

It seem that the end of this year is not the right time for traveling ^[holidays] considering that many countries are being hit by the new variant of the Omicron coronavirus. Very dangerous for health, maybe a little sorry to say that I won't be going on vacation later this year just because I'm worried.

Regarding wallet security, maybe I agree with @Pmalek's opinion ^{[holiday or not, wallet security number 1]}. Nor will I add too much advice on how one can implement good security for one's assets as is generally achievable just by having a hardware wallet. Yes, I think anyone who has a lot of assets needs to get this wallet, it's not expensive but maybe not too familiar for those who often store their assets in a custodial or non-custodial wallet.

I just want to add that if any of you want to take a vacation then make sure all your assets are transferred to a non-custodial wallet like electrum or to a hardware wallet. This will give you a better sense of security than keeping it in an exchange wallet ^{[if you are a trader].}

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[suzanne5223]

I really like the idea brought up by the OP because this holiday season a lot of people always traveled and the first thing every cryptocurrency holder has to have in mind before traveling is how to secure her bag because it's easy to be vulnerable to attack when travel.

I have secure my wallet address and everything safe for me not to messed up with it, thank you so much I salute

Whoever you are, whatever your type of work, whatever your interest in this forum, then wallet security is the main thing you should think about and do.

It is just like the saying "Not your keys, not your coin" if a crypto holder can not secure her wallet it's also not her coin. Security play one of the vital roles in cryptocurrency.

[Falconer]

It seem that the end of this year is not the right time for traveling ^[holidays] considering that many countries are being hit by the new variant of the Omicron coronavirus.

That's right, my country's government just announced it some time ago so the one thing that is most likely for me to do is maintain health and implement health protocols.

Yes, I think anyone who has a lot of assets needs to get this wallet, it's not expensive but maybe not too familiar for those who often store their assets in a custodial or non-custodial wallet.

Safe is not expensive, but what makes it expensive is your selfishness in determining how important security is. I'm still trying to do my best to keep my wallet safe because it's my money as well as my bank. If you agree about the decentralization of your asset, then you should strive to be the first person responsible for the security of your asset. So there's nothing wrong with having a wallet with reliable security like a hardware wallet, it costs around $150 to $200 and it's probably a small amount compared to the amount of asset you have.


The OP certainly wouldn't hurt to remind newbie and many others users about his concern for security even though there are many previous thread I could find. It's much better to repeat something important than the occasional bullshit.

[SFR10]

@BITCOIN4X
Since most of the comments are about hardware wallets, I'm going to suggest the following thread to newcomers: Attack vectors for Hardware Wallets

Buying a hardware wallet is really worth it.
~Snipped~
I suggest ledger since I have no experience with the other two.

Back in the day, maybe but I don't think it's worth getting any of the current Ledger's lineup:

• Ledger Nano X Battery Pandemic
  ^{- It's not just limited to battery issues!}
• Why I wouldn't buy Ledger Nano S ever again?
  
  • Ledger Nano S Plus

[BITCOIN4X]

@BITCOIN4X
Since most of the comments are about hardware wallets, I'm going to suggest the following thread to newcomers: Attack vectors for Hardware Wallets

Maybe because we consider hardware wallet to be one of the best for bitcoin storage wallet although everyone can decide which is best for himself and his assets. Of course dkbit98 gave us a good knowledge of some possible hardware wallet attacks. I hope people will read it too.

Some would say it’s better to become aware of some things ever than never, but if you haven’t done it all year, then you’re really in trouble - it’s not something to be left for later. Lesson number 1 in my philosophy is that everyone should first learn how to be a banker, and only then open a bank - which means that one should first learn the basics (even more than that), and only then invest in cryptocurrencies.

That philosophy should also apply to other businesses outside the context of valuable assets (bitcoin or altcoin). But you're right about that where we really need to know the gist of what we're doing and if it's an investment then obviously we have to care about its safety.


I don't know what to give you this time end of year as a small gift, I don't have much to share with you this time of year (perhaps just a little knowledge or just a pointless post). I'm only giving 1 merit for each of your answers in the thread although I think you deserve more. Accept it even if it's not very interesting.

[Porfirii]

A friend of mine bought some sats two years ago and has been hodling them in Binance since then. I told him that it wasn't a good idea, but the little investment he made didn't worth the purchase of a hardware wallet (he could've sent them to Electrum in his PC or whatever, but he was too lazy).

Now the value of his investment has increased considerably, to the point that a hardware wallet would suppose a little percentage of it. Taking advantage of the fact that Binance has now implemented mandatory KYC in our country to everything but withdrawals (for now), I have once again tried to convince him to at least withdraw his funds, but he won't touch them.

Good idea to remember Newbies that funds are not safu in exchanges. Good idea for a gift, the one of a hardware wallet. I hope we have better luck convincing more people in this thread than I have had in real life.

[sunsilk]

Back in the day, maybe but I don't think it's worth getting any of the current Ledger's lineup:

• Ledger Nano X Battery Pandemic
  ^{- It's not just limited to battery issues!}
• Why I wouldn't buy Ledger Nano S ever again?
  
  • Ledger Nano S Plus

I've been with my Ledger S for years and it is still functioning as new. The Nano X really has problems that's why I stopped thinking of buying it.

Purchasing such a device does not provide 100% security, there is no such thing. If the user is not aware of possible risks such as clipboard malware and the importance of keeping his backup (seed words) in a safe way - then he is still at risk. Also instructed by the experience with Ledger leak, I would not recommend anyone to buy such devices in a way that uses their personal data - use a PO mailbox, or find an authorized dealer who has a physical store and pay in cash.

About the clipboard malware, it's on the user's attitude of how he's using his personal computer. It's a good reminder about such so that those that chose to purchase will be aware of the possibilities and risk that they might get. But still, it adds security since upon accessing and sending your assets through a hardware wallet e.g. Ledger Nano S, you have to verify it first through the hardware.

How about also going through this thread

Open Source Hardware Wallets

There is nothing better than for a wallet to be completely open source.

Yeah, those are also good suggestions.

[Mpamaegbu]

I believe in the saying – If it's not broken, don't fix it. If anyone has been using a wallet from a few months' past and hasn't had any issues till now, I think they're fine. The problem with most people is that at a time like this, there's always a mad rush to hit it big and cash out. So, anything that comes their way is taken as a gift from some supposed benevolent airdroppers. The airdrop could even be from a phishing site. It's about time people started thinking that airdrops are veritable ways to hack their accounts, and with that mindset they would become more careful clicking on links. I shared a related experience I have on another thread today.

[Issa56]

@BITCOIN4X thanks for your reminder, pls everyone you have to secure your wallet address to avoid wallet hack this festive season make sure you store all your funds in your non custodial wallet and make sure you secure your private key. Two of my friends wallet have been hacked just few weeks ago which is very painful, pls make sure you secure your funds.

[Maslate]

Yes, it's the holiday season and we should take care of the most important asset in our life. As for me, I make sure no one could access my device so my computer will not be compromised, all my hard wallets are kept safe to ensure that I have something to enjoy in the future if my portfolio will skyrocket.

Also, you are right that we should take care of our health because that's the only way to enjoy our wealth in the future, let's beat the covid-19 by protecting ourselves with vaccines.

Thanks for the reminder @BITCOIN4X.. happy Holidays to you.

[TelolettOm]

In this long holiday season moreover with the very special moments of Christmas and New Year, will commonly give certain impacts to the crypto market. Many people may cash out their assets fot hese special moments with family.
The market may be down.
But I personally don't realy mind for it. It will depend on  what kind of money management on us. Some people may have been cashing out to secure the assets and some may be still holding for other term of investment.
Just don't panic with this situation and whatever market condition.

[Shamm]

In this long holiday season moreover with the very special moments of Christmas and New Year, will commonly give certain impacts to the crypto market. Many people may cash out their assets fot hese special moments with family.
The market may be down.
But I personally don't realy mind for it. It will depend on  what kind of money management on us. Some people may have been cashing out to secure the assets and some may be still holding for other term of investment.
Just don't panic with this situation and whatever market condition.

I agree with this some holders withdraw their money to spend this upcoming Christmas day and new year's eve.
But we must secure our wallet address to prevent loss cause I think that the hacker's attacks on this holiday season.
@BITCOIN4X thanks for the tips bro it really helps everyone here in forum to double their security to their respective wallets.

[aysg76]

We all want some enjoyment and relaxation in our life to keep us away from stress and this Christmas holiday season is the best time around the globe to celebrate but yes security of funds is our top most priority and we must not carry anything secure with us or get them lost which could be bad new year for anyone who get into this kind of situation and you are right on that part.

For example whenever we go outside with family on vacations we lock our houses and safe to ensure their is no trespassing into the property and all the security measures are taken into consideration properly so similar is the case with our funds and investment as they need to be stored properly in case they don't get lost or stolen this time.

But i would like to add not on holding season but over all the time we neee to have a proper check that our seed phrases are safely Stored wherever we have put them and our hardware wallet is safe with you all the time.The funds are your responsibility and you are solely responsible for them.

Happy Christmas to all in advance and be safe guys as suggested by @OP.

[Lucius]

That philosophy should also apply to other businesses outside the context of valuable assets (bitcoin or altcoin). But you're right about that where we really need to know the gist of what we're doing and if it's an investment then obviously we have to care about its safety.

Of course, if you do something wrong, then you can't hope to get good results. The problem is that today's young people want quick success, which means they don't want to work hard, and cryptocurrencies seem like an easy way to succeed overnight. Everyone should know that this is not child's play, and that every investment requires good preparation, which consists of acquiring knowledge, understanding risk, and self-control.

About the clipboard malware, it's on the user's attitude of how he's using his personal computer. It's a good reminder about such so that those that chose to purchase will be aware of the possibilities and risk that they might get. But still, it adds security since upon accessing and sending your assets through a hardware wallet e.g. Ledger Nano S, you have to verify it first through the hardware.

Undoubtedly security is greater than on desktop or mobile crypto wallets, especially when we consider that seed is generated in a secure environment. Also, every action on HW must be confirmed by pressing device buttons, the problem is that some take it very lightly or do not understand that there is clipboard malware. In addition, when it comes to HW as Ledger S, you should know that due to the size of the screen, each address is displayed in three parts, which can be confusing for some users.

What is dangerous in this case is that the database of addresses used by hackers tries to find an address as similar as possible to the one used by the user at that time - it is very easy for the insufficiently careful eye to be deceived that it is an identical address.

[Pmalek]

What is dangerous in this case is that the database of addresses used by hackers tries to find an address as similar as possible to the one used by the user at that time - it is very easy for the insufficiently careful eye to be deceived that it is an identical address.

I think it was dkbit98 who talked about this a few months ago. But if I remember it correctly, we haven't seen cases where hardware wallet users were affected by this in real life. It was just a presentation and explanation of how such a vulnerability can be applied to hardware wallets.

@dkbit98 can you fill us in?

[AakZaki]

Maybe I will secure some of my assets in the form of USDT or other stable coins. I have TREZOR and I've kept some of my assets there. Indeed in some periods there is some news that the end of the year may be a lot to replace in the form of stable coins or even cash in fiat form for the holidays. Yes it's a form of self-entertaining at the end of the year. But I don't think the end of the year will have a big impact on crypto price movements. What I'm hoping for is that the price will get higher.

[KingsDen]

Advice well recieved. Security should always be our watch word. Both Security of the wallet and even Security of lives and properties as the year draws to the 11th hour.
This is the time hoodlums intensify their strategies.

Make sure you always maintain health protocols because covid can't really be prevented by vaccines.

This statement is too emphatic. If I should ask, what then is the essence of the vaccination?
1. To prolong life after being infected?
2. To mitigate the severity of Covid-19?
3. International conspiracy?

[BITCOIN4X]

KingsDen, Vaccines only help you boost your immune system, which can slightly reduce your risk of infection. Vaccine recipient are not 100% free from infection if they do not maintain health and health protocols, and I think you also know what the essence of vaccines is. I don't want to go into too much of a vaccine issue in this thread because what I'm emphasizing here is the safety of your assets.

Glad to hear you all have the right way to keep your wallet and asset safe during this time. Bitcoin and other valuable altcoins are the gem most sought after by scammers /cyber criminals or in the real world, so make sure you also care about financial privacy where you should never tell anyone about the estimated assets you hold. Silence is sometimes better than showing off too much wealth on social media. I'm not a hypocrite, but I don't like things like that.

[Lordhermes]

Advice well recieved. Security should always be our watch word. Both Security of the wallet and even Security of lives and properties as the year draws to the 11th hour.
This is the time hoodlums intensify their strategies.

Make sure you always maintain health protocols because covid can't really be prevented by vaccines.

This statement is too emphatic. If I should ask, what then is the essence of the vaccination?
1. To prolong life after being infected?
2. To mitigate the severity of Covid-19?
3. International conspiracy?

yeah,indeed it is the 11th hour,and this is when all sought of despirate acts  happens,this is when corruption used to be on a high speed,this is when properties are always been looted.This is usually a period of time when Human being want to always meet up their demands by stealing or forcing something from people. 

It's a period of time that man needs to be extra careful and to keep his or her asset save from criminals.

[JoyMarsha]

The Christmas holiday season is here, is celebrated once a year. Don't let the fun of the season makes you lose your focus on securing your assets. Don't lose your phone while catching fun during this Christmas celebration, thinking that your private keys are secure at home. Friends can hack into your phone before you know it. Mind how you tell people about your crypto asset, to avoid such stories.