Do not have high amount of money on an online device.

[tech30338]

Sure attackers are always there but the best option and how to remain safe is by being informed on how these attacks happen to a person.

It's not a problem if someone prefer to use their device for holding some of their crypto. But it will only be concerning if they have no idea of how they can fall for these attacks.

Being informed and responsible on how we browse through either computer or smartphones, it lies and starts from there.

correct the user should not use their computer aside from crypto and personal things, they would be safe, its what you do that make you vulnerable to attacks, if you are a person who likes to download software like crack version etc, that will be not a good idea, better have another computer using for other browsing and other things and make the computer with crypto separate and your good, never mix with crypto and downloading software, unless license and double check the source.

[EarnOnVictor]

That's a good reminder, friend. I've always had it at the back of my mind that nothing is absolutely safe online, so long as it's connected to the internet, it's hackable, and whatever you store there is stealable.

I sealed the understanding in my head when I was researching the flaws of Passwords, Face ID, Fingerprint protection, Authenticators etc. Sure, they are very good as extra layers of protection, but they are not 100% impervious to attacks and hacking, which extends to any software and hardware we can think of.

[Marykeller]

It is becoming scarier by the day, each time I hear about scammers advancement in scamming people. It does put me in fear because who knows what they will be up to next, on how they will scam us. This time around they are beginning to break into the vulnerability of our gadgets that we don't know. If they found out we have known about that through their tactics and moves, they will find other methods to steal people's crypto assets that will be unknown to them.

This makes me ask, when will all these come to an end? Unfortunately, it won't end. It's for us to make use of airgapped device as Hugeblack suggested

[Porfirii]

For me, a general rule would be to never have more than $1,000 in a mobile wallet, and I don't think I've ever had more than $500 or so. The rest is in cold storage. I haven't ever had any problems, I haven't been hacked or anything, but just because it hasn't happened doesn't mean that mobile wallets are secure.

I agree with you that the value of the coins in your mobile wallet shouldn't exceed the value of the device itself. The problem is that you can have $500 in Bitcoin, for example, and in less than a year the price rises and you suddenly have over $1,500. I'm not a big fan of moving my coins if it's not strictly necessary, but in cases like the mentioned one shouldn't be lazy and should move at least a part elsewhere.

It seems very logical, but from my own experience I will tell you that there is a kind of psychological barrier that makes you leave things as they are, call it procrastination.

[notocactus]

I agree with you that the value of the coins in your mobile wallet shouldn't exceed the value of the device itself. The problem is that you can have $500 in Bitcoin, for example, and in less than a year the price rises and you suddenly have over $1,500. I'm not a big fan of moving my coins if it's not strictly necessary, but in cases like the mentioned one shouldn't be lazy and should move at least a part elsewhere.

I dont' see any logic for this, honestly.

In general, I agree that storing bitcoins or altcoins on mobile devices like smart phones or tablets is risky but there is no logic that the fund stored in it should be smaller than the device value. I only concern that whether the device is new enough to almost won't have technical issues like suddenly dead and I can not access my hot wallets in it. Definitely, wallets always need to have backups so I will be able to access my wallets on computer in wallet recovery.

Very basically, mobile devices and hot wallets are for small funds, not big funds.

[Porfirii]

I agree with you that the value of the coins in your mobile wallet shouldn't exceed the value of the device itself. The problem is that you can have $500 in Bitcoin, for example, and in less than a year the price rises and you suddenly have over $1,500. I'm not a big fan of moving my coins if it's not strictly necessary, but in cases like the mentioned one shouldn't be lazy and should move at least a part elsewhere.

I dont' see any logic for this, honestly.

In general, I agree that storing bitcoins or altcoins on mobile devices like smart phones or tablets is risky but there is no logic that the fund stored in it should be smaller than the device value. I only concern that whether the device is new enough to almost won't have technical issues like suddenly dead and I can not access my hot wallets in it. Definitely, wallets always need to have backups so I will be able to access my wallets on computer in wallet recovery.

Very basically, mobile devices and hot wallets are for small funds, not big funds.

It is very simple, in fact: I consider the value of the smartphone a good indicator of what someone is willing to lose by accident, theft or in an oversight. In that sense, we agree that mobile devices are for small funds.

Backups won't always work, by the way, if your smartphone gets compromised and the funds are moved to another address, which reinforces the thesis of having relatively little money in it.

[Zanab247]

That's a good reminder, friend. I've always had it at the back of my mind that nothing is absolutely safe online, so long as it's connected to the internet, it's hackable, and whatever you store there is stealable.

I don't think is all online devices is hackable if you don't exposed your password to hackers, because they will not know the type of password you are using to access your online device. I believe you have heard about electrum wallet, and you can use it to save your BTC for long years without you have negative mindset of the wallet, because is among the online device you can use to hodl your BTC to be free for hacker.

I have heard a lot from exchange wallets and how newbies has loss enough money hoping the exchange wallets is safe for them to hodl coins for long years before they can trade to make profit. But I will not advise newbies to leave coins in the exchange wallets more than two or three months, because they are not the only one controlling the coins in their wallets in the exchange wallets.

[boyptc]

Sure attackers are always there but the best option and how to remain safe is by being informed on how these attacks happen to a person.

It's not a problem if someone prefer to use their device for holding some of their crypto. But it will only be concerning if they have no idea of how they can fall for these attacks.

Being informed and responsible on how we browse through either computer or smartphones, it lies and starts from there.

correct the user should not use their computer aside from crypto and personal things, they would be safe, its what you do that make you vulnerable to attacks, if you are a person who likes to download software like crack version etc, that will be not a good idea, better have another computer using for other browsing and other things and make the computer with crypto separate and your good, never mix with crypto and downloading software, unless license and double check the source.

That's another thing, downloading crack softwares.

Stop doing that when you're already in crypto, you've got the money to pay for the software and subscription. Support the developers and this simple gesture will also help you safe from malware.

You save money more if you buy license and pay for it rather than using crack ones that could siphon your funds if it has malware/virus.

[Localhostspeed]

]
I agree with you that the value of the coins in your mobile wallet shouldn't exceed the value of the device itself. The problem is that you can have $500 in Bitcoin, for example, and in less than a year the price rises and you suddenly have over $1,500. I'm not a big fan of moving my coins if it's not strictly necessary, but in cases like the mentioned one shouldn't be lazy and should move at least a part elsewhere.

It seems very logical, but from my own experience I will tell you that there is a kind of psychological barrier that makes you leave things as they are, call it procrastination.

IPhone 17 is around $1700 to one device, those that mean I can keep $1600 on my iPhone and feel safe? This analogy doesn't make too much sense. I think if we are having funds that we are not going to move from one wallet to another often like deposit to exchange and withdraw, it's better the money remain idle on offline wallet until the coin is ready to be spent.

[Makus]

That's a good reminder, friend. I've always had it at the back of my mind that nothing is absolutely safe online, so long as it's connected to the internet, it's hackable, and whatever you store there is stealable.

I sealed the understanding in my head when I was researching the flaws of Passwords, Face ID, Fingerprint protection, Authenticators etc. Sure, they are very good as extra layers of protection, but they are not 100% impervious to attacks and hacking, which extends to any software and hardware we can think of.

It not safe to use a device that has constant interaction with the internet to store our wallets with huge amounts of bitcoins. A smart virus could be uploaded  to your device unknown  to you, or you could unintentionally download a virus that can lauch an attack and hack your device and steal your assets. Hackers these days are becoming very smart so that they can pull up a huge scam and but since we know about this, it wouldn't  be a wise decision to to according to their will or leave some loop holes for them to attack even the smallest penny you got was hustled for and the process  alone is enough to keep you motivated not to keep yourself exposed.

[uchegod-21]

It is becoming scarier by the day, each time I hear about scammers advancement in scamming people. It does put me in fear because who knows what they will be up to next, on how they will scam us. This time around they are beginning to break into the vulnerability of our gadgets that we don't know. If they found out we have known about that through their tactics and moves, they will find other methods to steal people's crypto assets that will be unknown to them.

This makes me ask, when will all these come to an end? Unfortunately, it won't end. It's for us to make use of airgapped device as Hugeblack suggested

It is indeed very scary these days. It seems like scammers are not just advancing their skills, they are also multiplying. At this point, splitting our bitcoins into multiple wallets is a good way to reduce the risk of losing everything at once. As I have said before in my previous post, the device meant for the hot wallet should be separate from the device used for every kind of activity. The hot wallet should be protected.

[Alphakilo]

It is becoming scarier by the day, each time I hear about scammers advancement in scamming people. It does put me in fear because who knows what they will be up to next, on how they will scam us. This time around they are beginning to break into the vulnerability of our gadgets that we don't know. If they found out we have known about that through their tactics and moves, they will find other methods to steal people's crypto assets that will be unknown to them.

This makes me ask, when will all these come to an end? Unfortunately, it won't end. It's for us to make use of airgapped device as Hugeblack suggested

It is indeed very scary these days. It seems like scammers are not just advancing their skills, they are also multiplying. At this point, splitting our bitcoins into multiple wallets is a good way to reduce the risk of losing everything at once. As I have said before in my previous post, the device meant for the hot wallet should be separate from the device used for every kind of activity. The hot wallet should be protected.

It would appear these days that anyone who is serious about the protection of their funds, will also have the need to spend some funds to see this done successfully because it is for a fact that great security cost money.

One would have to like get more than one Internet access device and even have a device for strict offline uses and cold wallet storage, because beside downloading cold wallets and hot wallets from trusted servers online with the best security features, it ain't just enough due to issues of hackers or even close associates, who may be finding a loop hole and willing to exploit it, thereby stealing all hard earned funds.

[batang_bitcoin]

IPhone 17 is around $1700 to one device, those that mean I can keep $1600 on my iPhone and feel safe? This analogy doesn't make too much sense. I think if we are having funds that we are not going to move from one wallet to another often like deposit to exchange and withdraw, it's better the money remain idle on offline wallet until the coin is ready to be spent.

I second your opinion. If the money isn't going to be spent, it's best to just store it on a wallet that you're not going to use often. Hardware wallet is what the majority will say about this or an airgapped wallet which suits it. I don't practice this because I've got my funds stored on a wallet that I only access a few times when I have to, like when it's time to dump and sell.

[OcTradism]

I second your opinion. If the money isn't going to be spent, it's best to just store it on a wallet that you're not going to use often. Hardware wallet is what the majority will say about this or an airgapped wallet which suits it. I don't practice this because I've got my funds stored on a wallet that I only access a few times when I have to, like when it's time to dump and sell.

All funds need to be spent, now or in the future, by you or by the another person, so it's not good to think that if you plan to spend your money, you should store it in a hot wallet and ignore many security warnings.

It's better to pay same attention and practice similarly with your funds stored in either hot wallets or cold wallets. Fund is fund and it's your money that need to be secured and kept as safest as possible.

If you are careless with small fund, you will get familiar with such practice and become careless with bigger funds.
Security and Privacy Encyclopedia.

[uchegod-21]

It is becoming scarier by the day, each time I hear about scammers advancement in scamming people. It does put me in fear because who knows what they will be up to next, on how they will scam us. This time around they are beginning to break into the vulnerability of our gadgets that we don't know. If they found out we have known about that through their tactics and moves, they will find other methods to steal people's crypto assets that will be unknown to them.

This makes me ask, when will all these come to an end? Unfortunately, it won't end. It's for us to make use of airgapped device as Hugeblack suggested

It is indeed very scary these days. It seems like scammers are not just advancing their skills, they are also multiplying. At this point, splitting our bitcoins into multiple wallets is a good way to reduce the risk of losing everything at once. As I have said before in my previous post, the device meant for the hot wallet should be separate from the device used for every kind of activity. The hot wallet should be protected.

It would appear these days that anyone who is serious about the protection of their funds, will also have the need to spend some funds to see this done successfully because it is for a fact that great security cost money.

One would have to like get more than one Internet access device and even have a device for strict offline uses and cold wallet storage, because beside downloading cold wallets and hot wallets from trusted servers online with the best security features, it ain't just enough due to issues of hackers or even close associates, who may be finding a loop hole and willing to exploit it, thereby stealing all hard earned funds.

These are the sacrifices one must make to keep their investment safe. There is no  need being careless about something as important as this. If the investor treats his investment nonchalantly, he should also be prepared to face the consequences of his actions.

Once anyone sets his mind to invest in bitcoin, he should make provisions for the wallets he will store them. Getting the devices for this purpose should be treated as important as anything else, infact it should be given the highest priority because one small mistake or error can wipe out everything he worked hard for.

[Die_empty]

I don't think is all online devices is hackable if you don't exposed your password to hackers, because they will not know the type of password you are using to access your online device. I believe you have heard about electrum wallet, and you can use it to save your BTC for long years without you have negative mindset of the wallet, because is among the online device you can use to hodl your BTC to be free for hacker.

Electrum Wallet has a reputation for being one of the best online wallets, but it is also prone to hacks. You will achieve more security with Electrum when you achieve an air-gapped wallet.  It will make you run your wallet on an offline device. Wallets are mostly prone to attacks when they are exposed online. So don't just drop your guide just because you think Electrum wallet is not hackable. I don't think there is any wallet that cannot be attacked, hence our security depends more on us.

[albon]

IPhone 17 is around $1700 to one device, those that mean I can keep $1600 on my iPhone and feel safe? This analogy doesn't make too much sense. I think if we are having funds that we are not going to move from one wallet to another often like deposit to exchange and withdraw, it's better the money remain idle on offline wallet until the coin is ready to be spent.

Honestly, I am an iPhone fan, but I feel its price is extremely exaggerated. There are other phones brands that offer more efficiency at a lower cost. It is nice to find the MIE feature in the iPhone 17, but for those who want to buy this phone at this price, why not buy a hardware wallet for less than $100 that can actually keep your funds safe? You don’t need to spend $1700 on an iPhone.

Although Apple provides a more secure environment than Android, this does not prevent the existence of vulnerabilities, as OP mentioned, that scammers , scammers can still exploit them. There are no system is ever 100% secure. Attackers always find a way to hack these systems, so I agree that offline storage (cold storage) is the best option, and it doesn’t cost much at all.

[pawanjain]

The cost of creating/buying an airgapped device is less than $100, which is much cheaper than purchasing an iPhone or any other locked-source device for absolute security.
The memory-protection update is more likely to be associated with physical attacks, so I don't think it will significantly impact online attacks. The best solution is to learn how to properly manage airgapped devices while generating sufficiently random seeds.

That is true. On the other hand, we can also opt for a hardware wallet which will secure our coins better than keeping it on an iphone.
Even that will cost us less than $100 if we opt for Trezor Safe 3 or model one.

[batang_bitcoin]

I second your opinion. If the money isn't going to be spent, it's best to just store it on a wallet that you're not going to use often. Hardware wallet is what the majority will say about this or an airgapped wallet which suits it. I don't practice this because I've got my funds stored on a wallet that I only access a few times when I have to, like when it's time to dump and sell.

All funds need to be spent, now or in the future, by you or by the another person, so it's not good to think that if you plan to spend your money, you should store it in a hot wallet and ignore many security warnings.

It's better to pay same attention and practice similarly with your funds stored in either hot wallets or cold wallets. Fund is fund and it's your money that need to be secured and kept as safest as possible.

Well, that's about the funds that are good for long term holding. So, if they have that plan for their funds, they shouldn't put that on any exchange. All exchanges are prone to hacking and all of their funds are likely to be gone when they become a victim, we've seen it several times from the big exchanges on how it happened.

If you are careless with small fund, you will get familiar with such practice and become careless with bigger funds.
Security and Privacy Encyclopedia.

I agree, if you don't know how to take care of small funds, how much more with bigger funds?

[coolcoinz]

That is true. On the other hand, we can also opt for a hardware wallet which will secure our coins better than keeping it on an iphone.
Even that will cost us less than $100 if we opt for Trezor Safe 3 or model one.

Unless you buy a used one or some repackaged shit from hackerville.

When you buy a hardware wallet there are a few things you need to be aware.
Hardware wallets are still prone to user error and even more than desktop wallets because they're more complicated.
Hardware wallets have to come from a legit source. Always check packaging and test the wallet first with a small amount. If you own $100k in bitcoin, first deposit $1k and hold it there for a while. See what happens and if you're able to safely retrieve it and use it for payments. Test the waters before you go swimming

I've held sizable number of bitcoin on normal PC version of Electrum for close to 10 years. People will tell you that windows in vulnerable, that PC is hackable, that there are viruses and trojans...
Just keep your computer clean and offline and it really doesn't matter if it's windows or Linux, or whatever. The most important part is keeping it simple and isolated. Use what you're comfortable with.