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

[coupable]

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.

I completely agree with you on everything your opinion touched upon, and I share with you almost the same experience since I have not encountered any security problems on any of my devices since I started my experience with Bitcoin in 2014, due to my constant cautious use of various online applications and layers of protection for my accounts and personal files on all my devices (I know well how to handle things with caution, and sometimes excessively cautious).
My only one note is that it may not be my sole responsibility in some types of hacks since as a user, I often don't have enough expertise in the methods of using online apps and the manufacturing of devices and software. Therefore, I will find myself forced to rely on the manufacturers of the devices and the software installed on them after their confirmation by the manufacturer. We know how many got stolen their savings because hackers found a loophole in the device operating system or in one of the verified app in the official store.

[_act_]

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.

I completely agree with you on everything your opinion touched upon, and I share with you almost the same experience since I have not encountered any security problems on any of my devices since I started my experience with Bitcoin in 2014, due to my constant cautious use of various online applications and layers of protection for my accounts and personal files on all my devices (I know well how to handle things with caution, and sometimes excessively cautious).
My only one note is that it may not be my sole responsibility in some types of hacks since as a user, I often don't have enough expertise in the methods of using online apps and the manufacturing of devices and software. Therefore, I will find myself forced to rely on the manufacturers of the devices and the software installed on them after their confirmation by the manufacturer. We know how many got stolen their savings because hackers found a loophole in the device operating system or in one of the verified app in the official store.

You both did not understand what this thread is all about. We all know that people should be very careful about their online devices like phones, tablets and computers but this thread is even beyond that. This thread is about even people that are careful with their online devices still being vulnerable to a malware that is the fault of Apple and not the users.

[coupable]

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.

I completely agree with you on everything your opinion touched upon, and I share with you almost the same experience since I have not encountered any security problems on any of my devices since I started my experience with Bitcoin in 2014, due to my constant cautious use of various online applications and layers of protection for my accounts and personal files on all my devices (I know well how to handle things with caution, and sometimes excessively cautious).
My only one note is that it may not be my sole responsibility in some types of hacks since as a user, I often don't have enough expertise in the methods of using online apps and the manufacturing of devices and software. Therefore, I will find myself forced to rely on the manufacturers of the devices and the software installed on them after their confirmation by the manufacturer. We know how many got stolen their savings because hackers found a loophole in the device operating system or in one of the verified app in the official store.

You both did not understand what this thread is all about. We all know that people should be very careful about their online devices like phones, tablets and computers but this thread is even beyond that. This thread is about even people that are careful with their online devices still being vulnerable to a malware that is the fault of Apple and not the users.

My post was a reply to the response in the quote above.
I have already pointed out the same context in my reply to the quote i answered (in bold). What i meant is that we can't always just blame users on how they use their devices online or offline because it may be the fault of the manufacturers lunching products that can be vulnerable to malwares. This can be one of the main reasons why users may choose to store their savings in online platforms like exchangers or web-wallets because they can ask for refund if any incident occur to that company.

[Antotena]

My post was a reply to the response in the quote above.
I have already pointed out the same context in my reply to the quote i answered (in bold). What i meant is that we can't always just blame users on how they use their devices online or offline because it may be the fault of the manufacturers lunching products that can be vulnerable to malwares. This can be one of the main reasons why users may choose to store their savings in online platforms like exchangers or web-wallets because they can ask for refund if any incident occur to that company.

Excuse me for interrupting this discussion man but this doesn't make sense in any way. Wallet manufacturers are not one and are not two, we have different companies manufacturering hardware wallets and some of them has been in this business for long term, only Ledger has been compromised and that was their email logs and nothing related to any wallet been comprised due to malware. You can't get a malware on hardware wallet because your keys are offline, there is no connection when there is no internet.

Online wallets are risky because anything that is online can get infected one way or the other. You can't be 100% too careful when it comes to anything online, you will have to be watching things you do online and how you download somethings. Most of the time, it's better you don't even download anything else you will sit in front of your PC and hear that Bitcoin in your wallet address has been sent to another wallet address and that's final.

[Alone055]

You both did not understand what this thread is all about. We all know that people should be very careful about their online devices like phones, tablets and computers but this thread is even beyond that. This thread is about even people that are careful with their online devices still being vulnerable to a malware that is the fault of Apple and not the users.

I did understand what the thread is about, but I still believe that having a separate device that isn't always connected to the internet and is used for normal activities will be much safer than one that you use often and is always connected to the internet. The zero-click vulnerability that allows hackers to access devices will only work if the device is always connected to the internet because even if they find a backdoor to your device, it won't work if your device is not connected to the internet because someone sitting across the world can't get into your system if your device has no internet connection.

That's why I said, people should use separate devices to manage their financial apps and activities, so that they can keep their devices safe from such threats and vulnerabilities, because when you don't use a device for normal stuff like social media, gaming, or anything like that, you don't need it to stay online at all times, and that is going to greatly reduce the risks of it getting compromised.

[Emeraldo]

You both did not understand what this thread is all about. We all know that people should be very careful about their online devices like phones, tablets and computers but this thread is even beyond that. This thread is about even people that are careful with their online devices still being vulnerable to a malware that is the fault of Apple and not the users.

That's why I said, people should use separate devices to manage their financial apps and activities, so that they can keep their devices safe from such threats and vulnerabilities, because when you don't use a device for normal stuff like social media, gaming, or anything like that, you don't need it to stay online at all times, and that is going to greatly reduce the risks of it getting compromised.

People that have the money to buy separate devices are the ones that uses multiple devices for different wallets like having a laptop and phones to operate wallets depending on the ones you have. Safe practice need to be added to our ways of life so we don't ignorantly lose fortunes because they continue to use one wallet for all transactions.

[cSentinentyZ]

My post was a reply to the response in the quote above.
I have already pointed out the same context in my reply to the quote i answered (in bold). What i meant is that we can't always just blame users on how they use their devices online or offline because it may be the fault of the manufacturers lunching products that can be vulnerable to malwares. This can be one of the main reasons why users may choose to store their savings in online platforms like exchangers or web-wallets because they can ask for refund if any incident occur to that company.

Excuse me for interrupting this discussion man but this doesn't make sense in any way. Wallet manufacturers are not one and are not two, we have different companies manufacturering hardware wallets and some of them has been in this business for long term, only Ledger has been compromised and that was their email logs and nothing related to any wallet been comprised due to malware. You can't get a malware on hardware wallet because your keys are offline, there is no connection when there is no internet.

Coupable, you need to know that exchanges refund their customer if the fault is not from the customer. If the fault is from the customer, the exchange will not refund the money. Some users mistakes on wallet can happen on exchanges, example is clipboard malware. The exchange will not refund their customer because of clipboard malware. Only when I know exchanges refund their customers is after exchange hack.

See the Coinbase phishing attacks that happened 2 times that Coinbase users lost their money to the phishing attacks, Coinbase did not refund their affected customers.

Antotena, know that Ledger Nano is not an offline wallet anymore because Ledger users can send their seed phrase online to three different companies for backup. Coupable is also right to some level because some hardware wallets had vulnerability in the past. Ledger Nano and Trezor have vulnerabilities in the past. Just browse about it if you think I am not right.

[Wincob]

Any device that's running online 24/7 is liable to get attacked or get hacked, from your smartphones to your darely computers, this is why digital assets are the most targeted asset of them all.

Most crypto wallets today are misleading beginners, starting from the favourite trust wallet who gave option for users to store their keys in the cloud provided by them, they choose to mislead their users for unknown reason.

Whatever crypto wallet you choose to store your assets make sure that they are always offline, doing this equals building a safety fence around your home to keep invaders out, it is not complicated to understand.

[coupable]

My post was a reply to the response in the quote above.
I have already pointed out the same context in my reply to the quote i answered (in bold). What i meant is that we can't always just blame users on how they use their devices online or offline because it may be the fault of the manufacturers lunching products that can be vulnerable to malwares. This can be one of the main reasons why users may choose to store their savings in online platforms like exchangers or web-wallets because they can ask for refund if any incident occur to that company.

Excuse me for interrupting this discussion man but this doesn't make sense in any way. Wallet manufacturers are not one and are not two, we have different companies manufacturering hardware wallets and some of them has been in this business for long term, only Ledger has been compromised and that was their email logs and nothing related to any wallet been comprised due to malware. You can't get a malware on hardware wallet because your keys are offline, there is no connection when there is no internet.

Coupable, you need to know that exchanges refund their customer if the fault is not from the customer. If the fault is from the customer, the exchange will not refund the money. Some users mistakes on wallet can happen on exchanges, example is clipboard malware. The exchange will not refund their customer because of clipboard malware. Only when I know exchanges refund their customers is after exchange hack.

See the Coinbase phishing attacks that happened 2 times that Coinbase users lost their money to the phishing attacks, Coinbase did not refund their affected customers.

I tried to explain why the majority of users prefer to use another service to store their funds and to broadcasts daily transactions. Simply because they are not ready to take full responsability of their virtual assets. Even those who know how to store their assets offline and how to take all security measures, they choose what they think it's a trusted reliable service like major exchangers.

Exchangers will not save from device malwares but it can help with additional security layers such as email confirmations for every action and 2FA phone number sms/call. Those features aren't available in non custudial wallet clients and users most of times think that it's a luck of security while in fact it's not.

[Doan9269]

You both did not understand what this thread is all about. We all know that people should be very careful about their online devices like phones, tablets and computers but this thread is even beyond that. This thread is about even people that are careful with their online devices still being vulnerable to a malware that is the fault of Apple and not the users.

That's why I said, people should use separate devices to manage their financial apps and activities, so that they can keep their devices safe from such threats and vulnerabilities, because when you don't use a device for normal stuff like social media, gaming, or anything like that, you don't need it to stay online at all times, and that is going to greatly reduce the risks of it getting compromised.

People that have the money to buy separate devices are the ones that uses multiple devices for different wallets like having a laptop and phones to operate wallets depending on the ones you have. Safe practice need to be added to our ways of life so we don't ignorantly lose fortunes because they continue to use one wallet for all transactions.

It is not about t he device used here mostly, but the kind of wallet we operate on and how we secure the same device from anything that has to lead to an online internet connectivity, the wallet we are going to use should be a non custodial wallet and we should for no reason consider for a custodial type, then the device should preferably stand out different form the one we use for normal internet connections.

[cSentinentyZ]

It is not about t he device used here mostly, but the kind of wallet we operate on and how we secure the same device from anything that has to lead to an online internet connectivity, the wallet we are going to use should be a non custodial wallet and we should for no reason consider for a custodial type, then the device should preferably stand out different form the one we use for normal internet connections.

Noncustodial wallet should be used but it should also be open source and not close source. Online wallets should be used for the amount of money that you can afford to lose while cold wallet and properly set up multisig wallets should be used for high amount of money.

[Altryist]

Scammers constantly find ways to steal coins, and it will be easier for them to do so if you keep them on online devices. I haven’t heard about zero-click, but I remember something similar in attacks on Telegram, if your settings have automatic downloads enabled, that alone is enough for a scammer to send a malicious file.

On an online device, you should only keep the money you’re ready to lose, while everything valuable must be stored in a cold wallet. I think these things are pretty obvious, but despite that, I still read about hacks where people lose hundreds of thousands or even millions because they continue keeping their coins on a laptop, in a wallet that has no protection.

[knowngunman]

Maybe you can reduce the risk or keep yourself alert. As technology improves, the techniques of hackers are also improving and they are finding new weaknesses in new technologies.

This is the most disturbing thing in this space. In as much as developers are working more to improve the security measures is the same way hackers are working extra hard to develop new strategies to render this new measures vulnerable.

When storing valuable coins, you can use a device that you do not use regularly, that is, do not connect to the network too much. Or try to keep your assets in different wallets and on different devices instead of keeping them in the same wallet.

This seems to be the only way to minimise risk of losing entire asset at once. With this practice even if one of your wallet or device is compromised, others will be saved and you won't have to start from scratch.

[hd49728]

When storing valuable coins, you can use a device that you do not use regularly, that is, do not connect to the network too much. Or try to keep your assets in different wallets and on different devices instead of keeping them in the same wallet.

This seems to be the only way to minimise risk of losing entire asset at once. With this practice even if one of your wallet or device is compromised, others will be saved and you won't have to start from scratch.

In other words and keep it simple:

Use cold wallets to store your big funds.
Use hot wallets to store your small funds that you need to use more often.

Generally, don't store all your fund in only one wallet, if you lose it, you lose all your bitcoins. Store your bitcoin fund in different wallets from cold wallets to hot wallets will help you diversifying risk and minimize severity of one wallet compromisation.

[Ojima-ojo]

What I don't understand is that, why should device manufacturers be allowing security threats before fixing an issue on their software, and if I am one of the victims, I will definitely take up a case against Apple since their are big companies that parade themselves as most secured among others.

[DPHOR]

Does it mean that people having higher amounts of money on their online device is at risk right?
So, where else could be suitable to store their money if not in wallet?
I think adequate security measures should be deployed in other to secure one assets or probably offline or hardware wallet could be more better.

[SafuBTC]

You both did not understand what this thread is all about. We all know that people should be very careful about their online devices like phones, tablets and computers but this thread is even beyond that. This thread is about even people that are careful with their online devices still being vulnerable to a malware that is the fault of Apple and not the users.

That's why I said, people should use separate devices to manage their financial apps and activities, so that they can keep their devices safe from such threats and vulnerabilities, because when you don't use a device for normal stuff like social media, gaming, or anything like that, you don't need it to stay online at all times, and that is going to greatly reduce the risks of it getting compromised.

People that have the money to buy separate devices are the ones that uses multiple devices for different wallets like having a laptop and phones to operate wallets depending on the ones you have. Safe practice need to be added to our ways of life so we don't ignorantly lose fortunes because they continue to use one wallet for all transactions.

You don't even need a lot of money to buy the right device for keeping your coins safe, those who have money can still make stupid decisions like buying the same online devices for keeping coins like what the OP was talking about.

If they have the money to spend they should also use their brains to select the right device rather than wasting money on something that can get hacked at anytime. The reality is online devices like smartphone and laptop are not secured for storing coins.

You will use your phone to download online and browse the web, same as your hardware wallet and in the end your device will attract viruses, your data will no longer be safe and so is your installed crypto wallet, one day you will log into the wallet and everything will be gone.

The best wallet is a non-custodial hardware wallet that is always offline, like an airgapped device for example Tangem wallet and Keystone Wallet.

[MusaPk]

In other words and keep it simple:

Use cold wallets to store your big funds.
Use hot wallets to store your small funds that you need to use more often.

Generally, don't store all your fund in only one wallet, if you lose it, you lose all your bitcoins. Store your bitcoin fund in different wallets from cold wallets to hot wallets will help you diversifying risk and minimize severity of one wallet compromisation.

Security must not be an after thought in crypto domain. We must think first on how to secure our bitcoins and other crypto because once you lose your Bitcoins, it's almost impossible to regain their control. Generally it is observed that people start taking security seriously only when they encounter some kind of hack or scam. It's best for our own interest to take prior measures for safety of our crypto assets rather then waiting for something bad to happen.

[Localhostspeed]

Does it mean that people having higher amounts of money on their online device is at risk right?
So, where else could be suitable to store their money if not in wallet?
I think adequate security measures should be deployed in other to secure one assets or probably offline or hardware wallet could be more better.

It's not even about thinking it, offline wallet are better option. I don't think it will make any sense for a person with large amounts of investment in one place and then prefer to use an online wallet to keep it, that's not a wise decision if you ask me. You can never see an investment company with corporate account where millions of dollars are kept and then have a credit card attached to it, they go the traditional way of check systems to avoid problems, it's why people are using offline wallet too.

I don't have offline wallet but one day I plan to have one, my country customs are breaking and seizing hardware wallet because they think it's hinder money laundering and terrorism but I know one day, they are going to join the rest of the world in 21st century. For now, they are in dark ages.

[Hazink]

What I don't understand is that, why should device manufacturers be allowing security threats before fixing an issue on their software, and if I am one of the victims, I will definitely take up a case against Apple since their are big companies that parade themselves as most secured among others.

Nobody is perfect; developers might be experts at things, but they can't know it all. As technology is expanding, so is the threat to what has been developed. Any minor bug can be exploited if detected without the notice of the security team; anyone who knows how to go around it can take advantage of it. Until something bad happens or a report is made, some companies might not be able to notice that their development has a loophole that can be used to target their customers. Nothing is 100% secure as long as it was developed and programmed.