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

[Franctoshi]

The second quote below will shock you if you have not read about it before.

You can read the news yourself if you click on this link: https://cointelegraph.com/news/iphone-17-memory-protection-boosts-crypto-security

This is the part that I like about the news:

“Security improvements reduce overall risk but don’t make devices invulnerable,” Hacken said, asking users to be vigilant and expect new vulnerabilities.

Also do not think your phone is not vulnerable but you can learn how to avoid hacks to significantly minimize how you will be vulnerable to hackers.

Another most important part is where I saw that people should not have huge amount of coins on a wallet on their online device. You can be an expert and still have a vulnerable wallet. You can read this about it:

Apple’s crypto users have been facing serious security threats. Last month, it was revealed that a zero-click vulnerability allows attackers to compromise iPhones, iPads and Macs without user interaction. Apple released security patches across multiple OS versions to fix the flaw.

What if you are a victim before the security patches.

Many of us surf the internet or online space are not properly secure, we're very exposed because if you eventually got an attack by all this scammers that's when you will realize how vulnerable that our system I.P addresses are , ensure you have some level of security authentication in your smart phone,  2-3 in case someone attacks your phone, you will make it difficult for for them to sweep everything out.

[PX-Z]

It's a basic rule of thumb, isn't it? Especially for a non-airgapped device, either phone or computer/laptop. But of course, it will change the convenience and accessibility which is more people used to be comfortable, convenient to use ready-to-use device than having such secured setup thay will take more time to send. And guess what, it will end up in very the same manner just like everyone who lose their funds out of their hot wallets.

[tbct_mt2]

Many of us surf the internet or online space are not properly secure, we're very exposed because if you eventually got an attack by all this scammers that's when you will realize how vulnerable that our system I.P addresses are , ensure you have some level of security authentication in your smart phone,  2-3 in case someone attacks your phone, you will make it difficult for for them to sweep everything out.

The Internet opens many gates which give us both opportunities and risks so that we must proactively learn and prepare enough knowledge about most common scams, attacks and threats on the Internet, then have proper skills for surviving and protecting our devices, accounts and funds.

Collection of comprehensive guides on identify and avoid scam projects. It's not only about scam projects but there are guides on some popular scams and how to avoid them.

This cryptocurrency scambook is very helpful too.

It's a basic rule of thumb, isn't it? Especially for a non-airgapped device, either phone or computer/laptop. But of course, it will change the convenience and accessibility which is more people used to be comfortable, convenient to use ready-to-use device than having such secured setup thay will take more time to send. And guess what, it will end up in very the same manner just like everyone who lose their funds out of their hot wallets.

It's always recommended to use cold storage for your big fund but if any person can not afford to buy a hardware wallet, it's acceptable to use open-source non-custodial wallets as alternative solutions. Remember to download, verify wallets, create a wallet and make, test wallet backups properly before funding it. In addition, practice well in security on that device and avoid dangerous activities online which potentially can make your devices infected by malicious threats and unwanted compromisations.

Bitcoin security resources.
Steps to secure your Bitcoin wallet.
Bitcoin security guide.

[AVE5]

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.

My problem with this apple upgrades is why must they prioritize this obligations for crypto users? I'd had trusted this making if they were only said to upgrade their device capacities to enhance security and users privacies because there're sorts of online attacks which the apple users has also been vulnerable to loose their values and as well get rid of their documents to attackers. I haven't in anyway come across connectivity between mobile devices with the cryptography if not nothing than the other brand of mobile devices that only supports the vulnerable hot wallets. I'd either not be mislead because there's no tie between the two mechanisms.
In as much as gadgets connected to the internet stand to be vulnerable to attackers and it's not advisable to hold funds in it. This isn't rather on the mentioned that the system upgrade will be safe for hodlers with large amount of coins. Timing just as we say it's not safe to hold phone in the exchange for long due to scam attacks is applicable to this sequence.
I don't even know why someone could own large amount of cryptocurrencies, buys iphone worth of thousand dollars just to store their crypto assets while still connected to the internet band think it's safe and find it difficult to afford air-gap device specifically to enhance their funds safety.

[Hazink]

Exactly, no one is an expert in this journey of crypto, no matter how careful one is, one will one way or the way will always make mistakes that give them another experience or teach them more about crypto and this will make them to strategize their plans.

No body is entirely 100% a security guru until they are attacked and notice that they have a loophole they need to cover, but some have been able to upgrade and cover their little mistakes by just being very careful and taking corrections from those who fall victim to hacks and exploits. As days go by, that’s how we will have to expand our knowledge on security and make sure that we are not left behind; even the most once-known secured devices are now discovered to have security issues that raise concern.

[Cookdata]

No body is entirely 100% a security guru until they are attacked and notice that they have a loophole they need to cover, but some have been able to upgrade and cover their little mistakes by just being very careful and taking corrections from those who fall victim to hacks and exploits. As days go by, that’s how we will have to expand our knowledge on security and make sure that we are not left behind; even the most once-known secured devices are now discovered to have security issues that raise concern.

Anytime a wallet is drained, if we retrace back to what happened, you will found out that there was a mistake from the end user. It's very easy to make a lot of mistakes that will cost you more when you use software wallet than when you use air gapped device. The only time you get drained using a hardware wallet is if your seed phrase is exposed or forget to encrypt the wallet, you have zero risk of exposure to the internet because you were never connected to the internet.

It's common practice to use an online device with software inside but if you are going to use one, make sure you are not keeping an entire money on the wallet. It takes less than a second for malware to drain your wallet. It takes few clicks on your system to get phish and taking everything from your wallet. If you can buy one hardware wallet, it's cheap but there are also some software wallet you can use, they are risky though. You never can tell where you may get I wrong.

[sunsilk]

No body is entirely 100% a security guru until they are attacked and notice that they have a loophole they need to cover, but some have been able to upgrade and cover their little mistakes by just being very careful and taking corrections from those who fall victim to hacks and exploits. As days go by, that’s how we will have to expand our knowledge on security and make sure that we are not left behind;

We have to be updated at least from time to time and give some time in learning about security risks and adjustment that we have to do to increase ours.

even the most once-known secured devices are now discovered to have security issues that raise concern.

That's what updates are for and that's important to get into it whenever there's one available. These security measures are ways for patching if there are some loopholes found.

But, forget not that the most effective security is ourselves. Ourselves that are informed and know how to figure out what are potential security risks and how to avoid them.

[Die_empty]

It's a basic rule of thumb, isn't it? Especially for a non-airgapped device, either phone or computer/laptop. But of course, it will change the convenience and accessibility which is more people used to be comfortable, convenient to use ready-to-use device than having such secured setup thay will take more time to send. And guess what, it will end up in very the same manner just like everyone who lose their funds out of their hot wallets.

The so-called stressful or time-consuming process of taking safety precautions cannot be compared with the pains of losing money. Some people are just too lazy to do the right thing and they will end up learning the hard way.

No body is entirely 100% a security guru until they are attacked and notice that they have a loophole they need to cover, but some have been able to upgrade and cover their little mistakes by just being very careful and taking corrections from those who fall victim to hacks and exploits. As days go by, that’s how we will have to expand our knowledge on security and make sure that we are not left behind; even the most once-known secured devices are now discovered to have security issues that raise concern.

New scam strategies are developed almost every day.  That's why we should keep learning.  But some people don't care much about the safety of their funds that they fail to adopt well known and simple protective measures.

[Rustam Meraj]

Anytime a wallet is drained, if we retrace back to what happened, you will found out that there was a mistake from the end user. It's very easy to make a lot of mistakes that will cost you more when you use software wallet than when you use air gapped device. The only time you get drained using a hardware wallet is if your seed phrase is exposed or forget to encrypt the wallet, you have zero risk of exposure to the internet because you were never connected to the internet.

It's common practice to use an online device with software inside but if you are going to use one, make sure you are not keeping an entire money on the wallet. It takes less than a second for malware to drain your wallet. It takes few clicks on your system to get phish and taking everything from your wallet. If you can buy one hardware wallet, it's cheap but there are also some software wallet you can use, they are risky though. You never can tell where you may get I wrong.

Hardware wallet is mostly safer because it is storing your private keys offline but it is not completely foolproof. You can still lose funds with hardware wallet if your seed phrase is out or if you are convinced for approving fake transaction. Similarly software wallets are more vulnerable to online threats like malware but they are not all bad. Biggest risk for both types of wallets is user error such as clicking malicious link or not properly securing seed phrase. Most important thing is for user to be careful and understand risks using hardware wallet for large amounts of crypto and software wallet for smaller daily use.

[Ruttoshi]

It's a basic rule of thumb, isn't it? Especially for a non-airgapped device, either phone or computer/laptop. But of course, it will change the convenience and accessibility which is more people used to be comfortable, convenient to use ready-to-use device than having such secured setup thay will take more time to send. And guess what, it will end up in very the same manner just like everyone who lose their funds out of their hot wallets.

This is just the problem of majority of crypto users. They're too lazy to store their asset offline because of the little process that it involves to transfer coins from an offline wallet compared to hot wallets which is very easy just like accessing a casino from your device.

However, going extra length is what makes offline wallets more secured and difficult for hackers to have access to. Hot wallet isn't that bad but how careful are you when using it, is the question that you should ask yourself because self custody comes with a lot of responsibility to keep your coins safe. Get a hardware wallet or set up an electrum cold storage.

[Catenaccio]

This is just the problem of majority of crypto users. They're too lazy to store their asset offline because of the little process that it involves to transfer coins from an offline wallet compared to hot wallets which is very easy just like accessing a casino from your device.

However, going extra length is what makes offline wallets more secured and difficult for hackers to have access to. Hot wallet isn't that bad but how careful are you when using it, is the question that you should ask yourself because self custody comes with a lot of responsibility to keep your coins safe. Get a hardware wallet or set up an electrum cold storage.

It's not like storing their bitcoins offline is safe as it starts with which wallet they use to create the wallet for storage. It should be open source, and if they use a close source wallet software, it's risky as close source wallet is not good to use.

If you want open source, non custodial wallets for offline storage, hardware wallets are good choices.
[LIST] Open Source Hardware Wallets.
[GUIDE] How to buy a Hardware Wallet the right way.

Knowing which wallets are good, how to buy them are first steps but next steps are important too.
How to backup a seed phrase.

[promise444c5]

The two reason I could think people still leaving  a huge some of money in a wallet on the device that actively connects to the internet is just because of the ease access to make transaction or doesn’t know how to set one up.. other than that, then we have people who doesn’t care which is so bad..
If it’s about making frequent transactions then it makes more sense to just deposit a mini amount that can cover up those transactions within a time frame while the whole funds still remains in a cold storage..
Other than that, it sucks not wanting to learn how to set one up, especially as a holder...

[pawanjain]

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.

Why would anybody do that ? If someone were to buy a hardware wallet I am sure they will be buying a new one.
Getting a used once is pretty much useless. It's better to just throw it away in the trash.

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.

Yes, completely agree with that. Even I have been holding to my coins on my computer until few years back I shifted it to a new wallet and kept it offline.
I just hold a hot wallet with very few coins for regular transactions.

[PX-Z]

It's a basic rule of thumb, isn't it? Especially for a non-airgapped device, either phone or computer/laptop. But of course, it will change the convenience and accessibility which is more people used to be comfortable, convenient to use ready-to-use device than having such secured setup thay will take more time to send. And guess what, it will end up in very the same manner just like everyone who lose their funds out of their hot wallets.

This is just the problem of majority of crypto users. They're too lazy to store their asset offline because of the little process that it involves to transfer coins from an offline wallet compared to hot wallets which is very easy just like accessing a casino from your device.

However, going extra length is what makes offline wallets more secured and difficult for hackers to have access to. Hot wallet isn't that bad but how careful are you when using it, is the question that you should ask yourself because self custody comes with a lot of responsibility to keep your coins safe. Get a hardware wallet or set up an electrum cold storage.

People become this lazy when technology evolves, having used to convenience over security. You will learn upon research (if you do) that its a basic trait of most online user nowadays, unfortunately. So more and more people get victimize.

[Mrbluntzy]

"people should not have huge amount of coins on a wallet on their online device." This same advice was given to someone on here but it was a long time ago that I learned about it and since then, I took it very serious for myself and even the wallets that I have been holding my coins on my phone, I had to install them and only saved my private key offline then saved my address on my phone, I use address to make deposits and to check the balance in the address. I also don't think this method should only be applied for crypto wallets, you can apply the same method on every platform software that you are using to hold a large amount, like a local android application that am using to buy and hold our country's stocks, I only install the application each time I want to make use of it.

[Hatchy]

What if you are a victim before the security patches.

Anyone can fall victim of this. Even an expert will still be caught by these criminals if he's not careful how he stores his coins. As someone who has a lot of crypto is not advisible to leave them on your online device. Even if you can't get a cold wallet to store them, you can create a wallet and remove it completely online and only monitor it through watch only wallets..

With the way technology is getting advanced daily, we will may see more vulnerability in our devices and it's very important for every crypto owner to apply wisdom to funds security. Prevention is definitely better than a cure, but in crypto there's just no cure. When you lose your coins, it's gone.. 

[Bitcoin Smith]

The victims are all over the Reddit, not just for this particular attack but most of the users still use their exchange as their primary wallet or they consider themselves in the secured location when they installed trust wallet.

Any device that is connected with internet is vulnerable to attack so if someone managed to have crypto worth like hundreds of thousands of dollars then they can invest a few minutes of their precious life from scrolling the Instagram posts and learn how to make it secure, and convenient way is hardware wallet but if they want ultimate security then air gapped wallets are the way to go.

[tabas]

This is just the problem of majority of crypto users. They're too lazy to store their asset offline because of the little process that it involves to transfer coins from an offline wallet compared to hot wallets which is very easy just like accessing a casino from your device.

Yeah, the convenience that it does to many investors makes them lazy not to store their funds on a better storage. They seem confident with how it goes if it's on a platform where they can withdraw their funds anytime. But the risk is there on how the platform can be hacked or itself to be stopping the withdrawals anytime they wish to.

However, going extra length is what makes offline wallets more secured and difficult for hackers to have access to. Hot wallet isn't that bad but how careful are you when using it, is the question that you should ask yourself because self custody comes with a lot of responsibility to keep your coins safe. Get a hardware wallet or set up an electrum cold storage.

They find the extra cost of it to be expensive not knowing that they're paying for a better security with the use of hardware wallets, it's an investment to be honest that they also have to own.

[CryptoHeadlineNews]

The second quote below will shock you if you have not read about it before.

You can read the news yourself if you click on this link: https://cointelegraph.com/news/iphone-17-memory-protection-boosts-crypto-security

This is the part that I like about the news:

“Security improvements reduce overall risk but don’t make devices invulnerable,” Hacken said, asking users to be vigilant and expect new vulnerabilities.

Also do not think your phone is not vulnerable but you can learn how to avoid hacks to significantly minimize how you will be vulnerable to hackers.

Another most important part is where I saw that people should not have huge amount of coins on a wallet on their online device. You can be an expert and still have a vulnerable wallet. You can read this about it:

Apple’s crypto users have been facing serious security threats. Last month, it was revealed that a zero-click vulnerability allows attackers to compromise iPhones, iPads and Macs without user interaction. Apple released security patches across multiple OS versions to fix the flaw.

What if you are a victim before the security patches.

It's nice that Apple just officially came up with a solution to fix the flaw that was resulting to the compromise of it's previous versions, but however, that shouldn't be a reason for Bitcoin investors to not be alert at always. Because to me, that might be a marketing strategy from Apple in other to lure people into buying this it's latest Version iPhone 17, because to be frankly speaking, it might not be even any more better than the previous, but just the same, and as such. It's advisable people prioritize the usual security measures of avoiding any unknown sites, suspicious links and use a secure non custodial wallet.

[Alone055]

No body is entirely 100% a security guru until they are attacked and notice that they have a loophole they need to cover, but some have been able to upgrade and cover their little mistakes by just being very careful and taking corrections from those who fall victim to hacks and exploits. As days go by, that’s how we will have to expand our knowledge on security and make sure that we are not left behind; even the most once-known secured devices are now discovered to have security issues that raise concern.

I've said this a lot of times, and I say it again: the security vulnerabilities are less about the device you are using and more about how you are using it. You can't be fooling around on the internet, downloading all sorts of things, interacting with literally anything you see on the device where you have your financial apps, and then expect not to have security issues. You should ask yourself the question: Have you been trying to stay secure and keep your device secure from unwanted access and exploitation? You should get your answer if you are honest with yourself.

It won't be wrong to say that those who become victims of hacks and exploitation or even phishing scams, they are the only ones to be blamed at first, and then the other things should be looked at, because I believe that if you are mentally aware of everything, and smart enough to act in a way that would never cause threats to your financial holdings or assets, you will never face any issues.

I have been in this industry for so many years, and believe me, in all those years, I have never been a victim of any of these things, and that is because I'm always careful about what I do.