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Author Topic: Beginners should avoid this wicked idea at all cost  (Read 773 times)
coupable
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May 07, 2026, 12:38:08 AM
 #81

Another one that I do not like is the use of passkey for wallets. Using passkey on centralized platforms like exchanges and gambling sites is still better but using it instead of seed phrase backup is very bad.

If I want to make use of any wallet, I make sure I go for only seed phrase and the seed phrase backup will be offline. I prefer to use just papers for the backup.
Do we actually still have wallets that use password instead seed phrase, I seems to be missing something here because even if you implement password security on your wallet that doesn't take out your seed phrase when you want to recover your wallet in another time.
Yes there are plenty of them in the internet that it not limited to web-wallets. Quick search online I can mention few of them which are not in the web-wallet category:
Bitkey: hardware wallet that uses a combination of a hardware key, app key with biometric auth, and server key. [1]
Breez: has implemented passkey login treating it as a modern replacement for seed phrases. [2]
Ryder: designed to use passkeys and biometric data as the primary credential. [3]

[1] https://m.youtube.com/watch?v=2pHwrWWwZWE&t=1s&pp=2AEBkAIB
[2] https://blog.breez.technology/no-seed-no-sweat-introducing-passkey-login-for-the-breez-sdk-2cb7a7ee0279
[3] https://ryder.id/blogs/glossary/what-is-a-passkey-wallet?

Disclaimer: I never used those wallets and I don't recommend anybody to use them for the reasons detailed in this topic discussion.

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May 09, 2026, 03:37:07 PM
 #82

Many don't know how crucial privacy and security are in this space, do you know how it feels to lose all you have worked for all your asset that took you years to put together. You don't wanna know such feeling , that's why you have to prioritise the safety of your assets by being well equipped with the right knowledge on how to improve your security and keep your asset safe . During my newbie era I don't put much focus on security and stuff but as time goes I began to see that's it play a crucial role in this space .
The truth is that, no one will really understand how that really feels, not until it eventually happens to them. I've been a victim of wallet draining before via wallet connection to a fake faucet site. Although it wasn't much that was lost that day, because I didn't use my main wallet, but it just made me wondered what if it was actually my main wallet? that's exactly how I would have just lost all my assets to thieves. this made me double my security consciousness.

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Today at 06:36:04 PM
 #83

Many don't know how crucial privacy and security are in this space, do you know how it feels to lose all you have worked for all your asset that took you years to put together. You don't wanna know such feeling , that's why you have to prioritise the safety of your assets by being well equipped with the right knowledge on how to improve your security and keep your asset safe . During my newbie era I don't put much focus on security and stuff but as time goes I began to see that's it play a crucial role in this space .
The truth is that, no one will really understand how that really feels, not until it eventually happens to them. I've been a victim of wallet draining before via wallet connection to a fake faucet site. Although it wasn't much that was lost that day, because I didn't use my main wallet, but it just made me wondered what if it was actually my main wallet? that's exactly how I would have just lost all my assets to thieves. this made me double my security consciousness.

Learning from mistakes is crucial.

For beginners and even pros we must be familiar with the security of our wallets whether small or large because the seed phrase is the key to all your crypto assets. If someone finds out or loses it your assets are gone because there's no customer service to recover them.

That's why it must be guarded as strictly as possible from the start. Before entering the crypto world, we should avoid even the smallest details at all costs. So, get used to small amounts. If you're used to guarding your seed phrase closely when your assets are still small you won't be careless or careless when they grow. Because when it comes to wallet security once you're careless your assets can be depleted as happened to you. Many people out there have lost tens to hundreds of billions of rupiah simply by taking a screenshot of your seed phrase, saving it to the cloud or telling someone close to you. Hackers and fraudsters are always looking for loopholes. They don't care whether your assets are small or large the important thing is that they can be stolen.

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