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Author Topic: Security of crypto wallet  (Read 4199 times)

Dprincebh

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Re: Security of crypto wallet
« Reply #15 on: October 29, 2018, 10:32:24 AM »
Always choose a wallet that gives you a private key, in this term the company does have access to ur funds
        
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Bhussainn2

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Re: Security of crypto wallet
« Reply #16 on: October 30, 2018, 12:58:32 PM »
depends on what coin you store. every token will have a hardwallet itself, the experience is only the security is very good
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Bhussainn2

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Re: Security of crypto wallet
« Reply #17 on: October 30, 2018, 01:00:03 PM »
And be wise when making selection of any wallet.
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dancoiner

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Re: Security of crypto wallet
« Reply #18 on: October 30, 2018, 02:22:34 PM »
If you want a safe cryptocurrency wallet, you should buy a hardware wallet like ledger nano which support multi-currencies and it is safe because it is a hardware wallet and it stores your cryptocurrencies offline so there is no problem and you are hackproof because your cryptocurrencies are offline.

I know that hardware wallet is the most secure way to store crypto, but I'm looking for online safe possibilities.

dancoiner

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Re: Security of crypto wallet
« Reply #19 on: October 30, 2018, 02:24:32 PM »
Don't choose any online wallet they ar enot as a secure as your cold storage, keep the biggest part of your coin outside of the internet and a small amount online with your desktop wallet

Do you personally use hardware wallet?

HokageSenpai

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Re: Security of crypto wallet
« Reply #20 on: November 13, 2018, 08:58:21 AM »
First, and the most important question is : do the wallet that you chose give you private key security?
Everything else depends on the reputation of the service.

waitingforday

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Re: Security of crypto wallet
« Reply #21 on: November 13, 2018, 09:14:42 AM »
The best way is to have multiple wallets of different coins, so that you don't have to loss them at ones when the attack comes

Just using one hardwallet is safe, as long as we are not careless with the wallet.

Most of the cryptocurrencies developed this way so all wallets have a private key, unique signature for transaction. Any wallet that provides you with this key and no one else can see it is a good wallet.


And this is one specification for very important things in the wallet.
Yes, private key is very important. Actually you can trade on DEX directly from Ethereum wallet, i personally trade on this great exchange. DEX is a exchange where funds are managed by smart contracts so no one have access to the money.
« Last Edit: November 22, 2018, 10:55:45 AM by waitingforday »

hassan.ahmad03

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Re: Security of crypto wallet
« Reply #22 on: November 13, 2018, 09:42:14 AM »
I am really worrying about my coins security that I hold, as there are alternative inputs through the password began to appear on decentralized exchanges.
Do you have deal with it?
Any recommendations?

Coins are perfectly secure as the technology running behind them is Blockchain which is one of the most secure technology out there.  You can also secure them with having multiple wallets keeping them spread will increase their safety.

HokageSenpai

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Re: Security of crypto wallet
« Reply #23 on: November 13, 2018, 11:24:49 AM »
Take care of your hardware, first of all. I think that you have much greater chance to be hacked rather that your wallet block-chain....

gladdenisov

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Re: Security of crypto wallet
« Reply #24 on: November 14, 2018, 10:16:12 AM »
Take care of your hardware, first of all. I think that you have much greater chance to be hacked rather that your wallet block-chain....
That's true. But today windows 10 have much better security, than before, people worryin more about their privacy than security

EvilGringo

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Re: Security of crypto wallet
« Reply #25 on: November 14, 2018, 02:35:34 PM »
Use hardwallet and store your privatekey out of your computer (notepad, mb)

dancoiner

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Re: Security of crypto wallet
« Reply #26 on: November 14, 2018, 06:43:09 PM »
I don't recommend storing everything in one wallet. Make a few wallets and divide your coins. All known methods of protection don't give full confidence. All wallets can be hacked.

So if I store in many wallets then it's still risky?
Did you have your wallet ever hacked?

dancoiner

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Re: Security of crypto wallet
« Reply #27 on: November 14, 2018, 06:44:41 PM »
I am using blockchain.info but you may have lots of issues later on specially due to their buggy fee recommendation system. So right now I have found jaxx and electrum as quite good bitcoin wallet, you can use either of them. But if you like to store large number of bitcoin than you should use Trezor like hardware wallet or simple paper wallet printed in offline computer.

Thanks. I have heard of Trezor.
It seemed to be trust worthy.

Indra27s

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Re: Security of crypto wallet
« Reply #28 on: November 15, 2018, 04:57:59 AM »
Yes I am also worried about that, wallet security is very important because all my coins are there, chances are that if it happens like that I will look for another wallet.

Crypto-Geek

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Re: Security of crypto wallet
« Reply #29 on: November 15, 2018, 07:05:17 AM »
I would say aside from having a secure wallet is to have a secure computer.

A lot of malwares noadays are targetting users and corporations alike. They dont just steal passwords (for things like your wallet) but also processing power to power their mining operations.

Make sure you dont visit sites random people tell you, do your due diligence and research first. Make sure to have up to date antivirus and malware protection.

If you do your own due diligence and have optimal protection, you should be secure to an extent.


 

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