Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Kyoshiro on September 16, 2018, 04:33:04 PM
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With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.
The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?
In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.
Desired traits of a Cryptocurrency Wallet
What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:
Cost Is it free? What are the drawbacks of using this wallet?
Security Does the company have a track record of security excellence?
Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?
User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?
Convenience Am I able to make a fast purchase when the time calls for it?
Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.
7 Must Have Wallets: How To Keep Your Cryptocurrency Safe
KeepKey – Hardware Wallet
The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.
Nano Ledger S – Hardware Wallet
Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.
Trezor – Hardware Wallet
Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.
Coinbase – Hot Wallet
Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.
MyEtherWallet – Paper Wallet
Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.
Jaxx — Software Wallet
Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.
Electrum – Software Wallet
Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.
Reference:
Velo, Suji (2018). https://www.blockgeeks.com
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How to keep your Crypto safe?
Just simply dont give your private key to others.
You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.
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How to keep your Crypto safe?
Just simply dont give your private key to others.
You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.
I included some wallets that are surely secure when it comes to cryotocurrency. Don't worry, I'll make shorter post :)
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Make sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet. That's all i guess.
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A very long statement from you. I will also use some trusted wallets and in my opinion and everyone is safe. Like wallet from hardware like Leno S and others. I have never been worried about the security of my coin in the Crypto World, because I already believe in what I do and what I choose now.
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With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.
The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?
In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.
Desired traits of a Cryptocurrency Wallet
What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:
Cost Is it free? What are the drawbacks of using this wallet?
Security Does the company have a track record of security excellence?
Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?
User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?
Convenience Am I able to make a fast purchase when the time calls for it?
Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.
7 Must Have Wallets: How To Keep Your Cryptocurrency Safe
KeepKey – Hardware Wallet
The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.
Nano Ledger S – Hardware Wallet
Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.
Trezor – Hardware Wallet
Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.
Coinbase – Hot Wallet
Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.
MyEtherWallet – Paper Wallet
Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.
Jaxx — Software Wallet
Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.
Electrum – Software Wallet
Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.
Reference:
Velo, Suji (2018). https://www.blockgeeks.com
For now all my bounty tokens are currently stored at myetherwallet which is i believe also it's a safe place to store than an exchange market.
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Certainly not to use very good options and interests with strangers who claim to be specialists and write to us.
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Thanks. this is very helpful for me. I'm a beginner in this. I always put my crypto on the exchange. that is my mistake.
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The points you mentioned are very important @ goku01. I think everyone must pay close attention to the funds to secure their private keys so that others don't know. And do not enter any site because it could be phishing.
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How to keep your Crypto safe?
Just simply dont give your private key to others.
You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.
As long as it is informative nothing wrong with that. Atleast the post is helpful and the long post doesn't matter because of the content. Keep it up kyoshiro.
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To keep my asset, i just save my private key and password well and upload it on cloud computing
I'm not use hardware wallet because it can broke and lose
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Your crypto is safest not in exchange wallet but in the wallet with password or private key. It is a must for me personaly to suggest with ERC20 platform altcoins to go with MEW. Great usage and fast transfer.
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How to Keep your Crypto Safe?
1. Don't give your private key to others
2. Don't save your password to the browser
3. Avoid clicking some apps that are pop-up adds to your computer
4. install anti-virus & anti-malware
-
With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.
The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?
In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.
Desired traits of a Cryptocurrency Wallet
What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:
Cost Is it free? What are the drawbacks of using this wallet?
Security Does the company have a track record of security excellence?
Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?
User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?
Convenience Am I able to make a fast purchase when the time calls for it?
Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.
7 Must Have Wallets: How To Keep Your Cryptocurrency Safe
KeepKey – Hardware Wallet
The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.
Nano Ledger S – Hardware Wallet
Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.
Trezor – Hardware Wallet
Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.
Coinbase – Hot Wallet
Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.
MyEtherWallet – Paper Wallet
Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.
Jaxx — Software Wallet
Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.
Electrum – Software Wallet
Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.
Reference:
Velo, Suji (2018). https://www.blockgeeks.com
This is really a good to help to me and to other people who want learn more about crypto most especially in choosing the right way to keep our cryptocurrency investment safe.
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sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet. That's all i guess.
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Your explanation helps alot of us because hackers are quite active and we all are afraid sometime using our wallets or while doing transfer or transactions. We all wants to be tension free of using our wallets. I trust hardware wallets and I am personally using Trezor wallet now I am tension free while transferring my coins to any other exchange.
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It’s by having it stored on secure wallet. As obtaining a blockchain wallet is necessary in order to hold ANY type of Crypto assets or digital currency, so with that we need to have Bitcoin wallet (https://bitcoinist.com/best-bitcoin-wallet/), which will allow us to store majority of the Cryptocurrencies. With the right choice, we not only get the security in working, but also have several other factors with so many things. So, ultimately with security there is everything, but without that it’s not workable.
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Private key is the key to this problem. Just keep it safe and always only with you and everything will be ok (hopefully). Two steps verification is also quite useful not only for cryptos
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Use Unique Passwords and keep them Secret.
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To make crypto safe at first we must make the best safety for private keys. And for software wallet 2FA is most needed for the safety of the crypto. And I think that's enough to keep the crypto safe
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To be honest, i never write my passwords in electronic devices or cloud and i thinks its good to have a notebook to write down less important logins but the remembering most important passowords is the only way to not let anyone get them
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In my personal opinion, the most reliable and safest way to store crypto (that too for investment purpose) is by having a hardware wallet. There are various reasons to support this:
1. Hardware wallets are basically external devices that are only connected when a transaction has to be performed. When disconnected, they are isolated from PC and thus from the internet itself. This helps in securing your private key that’s stored inside the wallet.
2. In online wallets, your private key is stored on an online server by a third-party application (the software) and chances of your wallet getting hacked is very high.
3. The pin or password helps in securing your wallet, so, even if somehow, it gets lost, or stolen, then you don’t need to worry about your cryptos being stolen. But, you do need to remember the password as without it you won’t be able to access your cryptos.
With that being said, some of the top hardware wallets are Ledger Nano S, Trezor and KeepKey, etc. These wallets also provide support for numerous Altcoins apart from Bitcoin (Ledger having the most support, having support for 1100+ coins and tokens).
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You've explained the options well. There's plenty of crypto wallet that exists these days and it was really hard to choose which one to use that could fully protect your coins. So far I tried using Jaxx and MyEtherwallet, I prefer Jaxx since I can use it via an app on my phone.
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The world is gradually going into Digital, which crypto is a digital asset. Hence, Blockchain technology has made it more easier and transparent to every one, by keeping the private key, or login ID safe one a flash device or notepad, for a future used.
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To be honest, i never write my passwords in electronic devices or cloud and i thinks its good to have a notebook to write down less important logins but the remembering most important passowords is the only way to not let anyone get them
Can do it and easily can access youre wallet anytime you needed to. The only thing you need to secure is its safety. Im saving on digital app notes all my precious keys. Up to now nevet have such problem at all. Anyway, Writing it on a piece of notebook is a back up for me.
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I'm using ledger nano S,Metamask and Myetherwallet. Especially I think ledger nano S is best and reliable wallet.
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For safe our fund , we must used good wallet like coinbase and blockchain . If you want highly security I will recommend To buy legder nano S ( hardware wallet ) .
Because hardware wallet is most safest place to store our fund .
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Im using Myetherwallet since 2017 for storing my coins in different bounty campaigns and airdrops. And i don't have any issue using it. But be aware there are many phishing site remember to always use bookmark.
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How to Keep your Crypto Safe?
1. Don't give your private key to others
2. Don't save your password to the browser
3. Avoid clicking some apps that are pop-up adds to your computer
4. install anti-virus & anti-malware
Thanks bro I am reading your post. After reading I understant how to keep Crypto safe.i would like to say reading your post everybody understanding.
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Im using myetherwallet and metamask.There are many tokens in my wallets.These wallets are best and popular.
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A cryptocurrency wallet is a software program designed to store your public and private keys, send and receive digital currencies, monitor their balance, and interact with various blockchains. You need to have a cryptocurrency wallet to manage your crypto assets and keep them secure.
There are many cryptocurrency wallets out there, but the essential distinction between them is whether they are hot or cold.
A hot wallet is connected to the internet and can be accessed at any time. A cold wallet is not connected to the internet and allows to store your funds offline. You can still receive funds at any time, but no-one can transfer them out.
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You can try Coin98, a crypto wallet that has been very popular in our community recently. It integrates many blockchains and accompanying services, and allows you to connect to some popular DEXs like Uniswap to swap directly on the wallet.
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With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.
The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?
In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.
Desired traits of a Cryptocurrency Wallet
What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:
Cost Is it free? What are the drawbacks of using this wallet?
Security Does the company have a track record of security excellence?
Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?
User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?
Convenience Am I able to make a fast purchase when the time calls for it?
Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.
7 Must Have Wallets: How To Keep Your Cryptocurrency Safe
KeepKey – Hardware Wallet
The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.
Nano Ledger S – Hardware Wallet
Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.
Trezor – Hardware Wallet
Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.
Coinbase – Hot Wallet
Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.
MyEtherWallet – Paper Wallet
Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.
Jaxx — Software Wallet
Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.
Electrum – Software Wallet
Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.
Reference:
Velo, Suji (2018). https://www.blockgeeks.com
Thank you very much for sharing your answer with everyone in a very nice way. I have learned a lot from here and I hope you will create more good posts later.
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We also need to take note on the wallet used for the transaction, this was helpful though.
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The rate at wish hackers attract exchange wallet lately is alarming. I personally suffer huge lose with the recent attack made on on kucoin. The painful part is that I couldn't withdraw the rest of my assets for months because all withdrawal has been blocked by kucoin. Now imagine if I was going to use the fund to take care of emergency. If I can't access my own asset anytime, then how is crypto better than traditional banking system.
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I think that free wallets are more dangerous. If they provide you a service and security, you have to pay for it
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Basically, there are only two types are wallets, Soft Wallet and Hard Wallet. Soft Wallet is mostly free but less secure. Hard Wallet is costly but secure, the only draw back for Hard Wallet is that you have kept it safe so no one can steel it or you don't lose it.
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sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet. That's all i guess.
You are right. But when it comes about huge amount of your digital fund your suggestion is less effective compare to store it in a hardware wallet. Trezor and ledger nano are good choice by many.
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Crypto safety is not a big issue if you secure the data related to wallet into some safe place, but nowadays hacking is very common in the digital world, and everyday hacker attacks on exchanges/platforms to hack the money.
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Crypto safety is not a big issue if you secure the data related to wallet into some safe place, but nowadays hacking is very common in the digital world, and everyday hacker attacks on exchanges/platforms to hack the money.
Yes, you are right. In fact, hackers are hacking most of the exchanges these days. Their main purpose is to hack any exchange so that they can grab a lot of dollars from them. So first of all it is necessary to keep the exchange safe.
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How to Keep your Crypto Safe?
1. Don't give your private key to others
2. Don't save your password to the browser
3. Avoid clicking some apps that are pop-up adds to your computer
4. install anti-virus & anti-malware
How to keep your Crypto safe
Thank you so much for giving me thispost. If we go a little further, these things will never be hacked. But I have seen many good exchanges being hacked from time to time.
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How to Keep your Crypto Safe?
1. Don't give your private key to others
2. Don't save your password to the browser
3. Avoid clicking some apps that are pop-up adds to your computer
4. install anti-virus & anti-malware
How to keep your Crypto safe
Thank you so much for giving me thispost. If we go a little further, these things will never be hacked. But I have seen many good exchanges being hacked from time to time.
Beware installing anti virus or anti malware. Make sure once you do it you are 101% presence of mind to install the most relevant and real one, not fake or have a hidden agenda in the codes of anti virus.
By the way you can control your setting to not install or allowed apps or system that are not secure and can hard the system.
Go to settings and look for do not allow installation of unknown files.
I hope we are all safe and will be hack forever.
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How to keep your Crypto safe?
Just simply dont give your private key to others.
You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.
Keeping crypto in wallets is better than keeping in exchanges, and yes of course do not disclose your key or phrases to anyone.Do not save these seeds or phrases in online places.Always save in offline.
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There are lots things or steps to take in keeping our wallet safe, the wallet we use can also play a role in keeping our wallet safe, try as much as possible to use a very secured wallet and also try to keeps the keys very safe because if anyone gets to get hold of it that person can get rid of your funds in the wallet. Try as much as possible not to share personal informations with strangers.
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Hacking has become a common thing nowadays. Even then the passwords have to be very strong no matter what wallet we use. At the same time the backup of those wallets should be kept in a safe place from which no one can ever take. Be careful all the time
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Okay, good tips and recommendations OP, i hope the community in general get to benefit from this effort of yours. However in all, the most paramount and most important tip is to keep your private key safe and safe again. Always remember that it is he who have the private keys that own and control the assets!
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Keep your private keys from the out reach of people, use personal wallet in saving your Token don't save your Token in an Exchange, don't make use of mobile wallets. Is better to store our crypto on personal wallet than exchange because it can easily be taken from us and if the exchange got hack our crypto will as well vanish. Keep your private keys secure if possible write it down on a dairy or any other offline equipment.
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Crypto safety is not a big issue if you secure the data related to wallet into some safe place, but nowadays hacking is very common in the digital world, and everyday hacker attacks on exchanges/platforms to hack the money.
Yes, I think so,If you are careful, This means that if you can keep wallet-related information such as private keys, passwords, etc. in a safe place, then keeping your crypto assets safe is not a problem. In that case you can store your data in offline stores on notebooks and computers. Many also admit to hacking while joining fake airdrops; Therefore, one should be careful about this. Also occasionally getting a lot of losses through crypto exchange hacking; In this case, the exchange authorities should ensure more security.
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8)How to keep your Crypto safe?
save your crypto in hot wallet and never give your privet key for other people. keep write your private key in a notes 8)
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To keep your crypto safe - you don't need to give your keys to another person, don't keep them in your mobile phone. As for me I wrote my wallet keys on the paper and also gave them to my mother.
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Of course, the safest way would be to purchase a hardware wallet (choose the company yourself), a hardware wallet, this is one of the safest ways to store cryptocurrencies. It acts as an information carrier, but instead of films and documents, it stores private keys. If it is possible to hack an account on the exchange, but this has happened, then such an option is excluded here. All operations with the wallet can be performed only after entering the PIN-code of 8 digits. Operations are confirmed by simultaneous pressing of buttons, which increases the protection against malware. Two-factor authentication system, which implies, in addition to the personal code, verification with a 24-word control phrase, which is generated randomly on the device itself. Thus, even if the Ledger Nano S is stolen or lost, an attacker will not be able to gain access to your funds (unless, of course, they get your passphrase).
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sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet. That's all i guess.
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sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet.
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The wallet which you have to suggest is really safe. And I am using the Coinbase wallet personally for a long time and I had never lost my money from that wallet. I Also Suggest you use that wallet because it is easy to use and it provides fast deposits or withdrawals with low fees.
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The main thing to save your crypto is your wallet because one of my friend lose their money because he chose wrong wallet and he get scammed so be careful.
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Your explanation helps alot of us because hackers are quite active and we all are afraid sometime using our wallets or while doing transfer or transactions. We all wants to be tension free of using our wallets. I trust hardware wallets and I am personally using Trezor wallet now I am tension free while transferring my coins to any other exchange.
Im using Myetherwallet since 2017 for storing my coins in different bounty campaigns and airdrops. And i don't have any issue using it. But be aware there are many phishing site remember to always use bookmark.
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With your assets and crypto wallets, you always need to be careful and attentive. Store wallets keys not in your phone, but on a separate paper. Use 2FA. Do not follow unknown links. Do not show your secret phrase to anyone.
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To keep your cryptocurrency safe, you first need to keep your private keys safe. I never trusted them with digital media and programs with an internet connection. Only a printed paper use case in a safe place.