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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tranthidung on January 15, 2024, 03:50:17 AM

Title: Use strong passwords for your wallets/ accounts
Post by: tranthidung on January 15, 2024, 03:50:17 AM
In cryptocurrency, you will have to use many things such as cryptocurrency wallets (should be open source, non custodial) and exchange accounts.

Make sure you do as follows

Some resources to learn about it.

Password generators and management tools

Creating strong passwords are good but not enough. Never store your passwords in online accounts (Dropbox, Google Drive, Azzure, Telegram, Facebook, ...). You will get nightmare some day if doing so.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: bitmover on January 15, 2024, 03:55:54 AM
  • Use password manager tools if possible.

I think this is the best advice which summarize all of them

I just switched to proton pass, I think it is very goof and privacy focused password manager
https://proton.me/pass

Password manager will automatically create one unique strong password for you in each website, and automatically fill up. I can't live without one anymore.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: tranthidung on January 15, 2024, 05:34:48 AM
I think this is the best advice which summarize all of them

Password manager will automatically create one unique strong password for you in each website, and automatically fill up. I can't live without one anymore.
I can not disagree because if people manually create passwords, they will fall into similar patterns with small changes in characters and numbers. If one password is leaked, other passwords generated manually by that person will be more easily be bruteforced.

Password managers help to fix it, by randomly generate many passwords.

Quote
I just switched to proton pass, I think it is very goof and privacy focused password manager
https://proton.me/pass
Thank you for the information about Proton Pass. I added it to the list of Password managers in OP.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: hugeblack on January 15, 2024, 11:47:00 AM
I have read some of the articles in the links, and some of them give incorrect advice, such as:

Using paid password manager: It is true that it has features such as encryption and others, but you still depend on a third party, and once it is hacked, all your money and accounts can be accessed, use opensource self-hosted one.

Sites like ---> Haveibeenpwned.com: Although they are good, they may record your data, so it is better to try to reduce sending emails, use the aliases emails feature[1], and check the link before clicking on it.

Remembering the password: Whatever the method, remembering the password is a bad option. The best thing is to generate the password with seeds and save it on a piece of paper if you do not want to save the password digitally.

Finally, the security of your device is the security of your use. For example, if you used a strong password, copied it, browsed to an unknown site and it asked you for clipboard permissions, then a long password will not help you.

also, using an air gapped phone to manage 2FA apps and password manager will be useful.



[1] https://proton.me/support/addresses-and-aliases#:~:text=You%20can%20get%20a%20%2Balias,alias%20in%20your%20user%20settings.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: tranthidung on January 15, 2024, 12:05:33 PM
Using paid password manager: It is true that it has features such as encryption and others, but you still depend on a third party, and once it is hacked, all your money and accounts can be accessed, use opensource self-hosted one.
I agree. Cryptocurrency enthusiasts prioritize open source stuffs so here you go. If you know other open source ones, please help me to make the list bigger.
Password Managers
|
Name
|
Open-source
|
Windows
|
MacOS
|
Linux
|
iOS
|
Android
|
Cloud
|
|Proton Pass (https://proton.me/pass/download)|Yes|Yes (https://proton.me/pass/download)|No|No|Yes (https://apps.apple.com/us/app/proton-pass-password-manager/id6443490629)|Yes (https://play.google.com/store/apps/details?id=proton.android.pass)|Yes|
|KeePass (https://keepass.info/download.html)|Yes|Yes (https://keepass.info/download.html)|No|No|No|Yes (https://play.google.com/store/apps/details?hl=en&id=com.android.keepass)|No|
|Password Safe (https://pwsafe.org/)|Yes|Yes (https://github.com/pwsafe/pwsafe/releases/download/3.64.1/pwsafe-3.64.1.exe)|No|Yes (https://github.com/pwsafe/pwsafe/releases?q=non-windows&expanded=true)|Yes (https://apps.apple.com/us/app/pwsafe-2-password-safe/id938922963?ign-mpt=uo%3D4)|Yes (https://play.google.com/store/apps/details?id=com.jefftharris.passwdsafe)|No|
|KeepassXC (https://keepassxc.org/download/#windows)|Yes|Yes|Yes|Yes|No|No|No|

Quote
Sites like ---> Haveibeenpwned.com: Although they are good, they may record your data, so it is better to try to reduce sending emails, use the aliases emails feature[1], and check the link before clicking on it.
Similar to using blockchain explorers to check transactions or privacy score. Using them with Tor and be cautious with risk as well.

Quote
Remembering the password: Whatever the method, remembering the password is a bad option. The best thing is to generate the password with seeds and save it on a piece of paper if you do not want to save the password digitally.
I agree. That is the article title, I kept it unchanged but I did not recommend it.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: dkbit98 on January 15, 2024, 04:38:31 PM
KeePass is great open source password manager and you can use it offline on all devices.
It has random password generator and it can serve as temporary solution for storing 2FA TOTP codes.
I would not use Proton Pass yet, they released it recently and I think it uses cloud storage.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: joniboini on January 16, 2024, 02:48:53 AM
I just checked Proton Pass and dkbit is right, they use cloud storage to store the encrypted password. Personally, I avoid any service like this regardless of how secure they claim their end-to-end encryption to be. The last time I used LastPass some of my data got leaked. Fortunately, I can still change passwords on key services that I use to avoid the worst outcome, but as long as the hacker still has the database he can probably try to brute force it anytime he wants to. I'd stick with KeePass and I suggest others to do so. There is no cloud backup to sync, but you can always make a backup with your flash drive or any offline storage basically. CMIIW.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: ABCbits on January 16, 2024, 01:29:26 PM
Using paid password manager: It is true that it has features such as encryption and others, but you still depend on a third party, and once it is hacked, all your money and accounts can be accessed, use opensource self-hosted one.
I agree. Cryptocurrency enthusiasts prioritize open source stuffs so here you go. If you know other open source ones, please help me to make the list bigger.

How about KeePassXC? It has more feature than KeePass[1] with native Linux/Mac OS support.

[1] https://superuser.com/a/879013 (https://superuser.com/a/879013)
Title: Re: Use strong passwords for your wallets/ accounts
Post by: tranthidung on January 16, 2024, 03:47:50 PM
How about KeePassXC? It has more feature than KeePass[1] with native Linux/Mac OS support.

[1] https://superuser.com/a/879013 (https://superuser.com/a/879013)
+1.

Thank you for it.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: Jamal Aezaz on January 16, 2024, 04:17:09 PM
In cryptocurrency, you will have to use many things such as cryptocurrency wallets (should be open source, non custodial) and exchange accounts.

Make sure you do as follows
  • Use strong passwords for your wallets, accounts.
  • Passwords must be unique. That means, Never reuse your passwords from one account to another, from one platform to another.
  • Passwords should be generated randomly and not in any pattern of your own favorite.
  • Use password manager tools if possible.

Some resources to learn about it.
  • Are your passwords in the green? (https://www.hivesystems.io/blog/are-your-passwords-in-the-green)
  • Haveibeenpwned.com (https://haveibeenpwned.com/). Check data breaches, whether your email address is in any data breach.
  • How to create a strong password? Idea (https://www.avast.com/c-strong-password-ideas)
  • How to create a strong password (and remember it) (https://www.howtogeek.com/195430/how-to-create-a-strong-password-and-remember-it/)
  • Create a secure password (https://www.wikihow.com/Create-a-Secure-Password)

Password generators and management tools
  • Keepass (https://keepass.info/)
  • Keepass for Android (https://play.google.com/store/apps/details?hl=en&id=com.android.keepass)
  • Password Safe (https://pwsafe.org/)
  • Proton Pass (https://proton.me/pass)
  • They can have password data breach too so be careful.
    • Notice of recent security incident (LastPass) (https://blog.lastpass.com/2022/12/notice-of-recent-security-incident/)

Creating strong passwords are good but not enough. Never store your passwords in online accounts (Dropbox, Google Drive, Azzure, Telegram, Facebook, ...). You will get nightmare some day if doing so.
Well Done OP. Very informative and useful post.. I am sure Newbies will find it very helpful. there are some links that even i didn't know. first time learned about https://haveibeenpwned.com/
Didn't know a website like that exist where we can search our email for data breaches. and I am shocked to know that my email was in 14 data breaches.
several of them are from Crypto related withsite such as BTC-alpha exchange. 
that is why it is important to never use same password in different websites. always generate a unique and complicated password for every website.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: Dr.Bitcoin_Strange on January 16, 2024, 09:36:43 PM
In the crypto space, security is really a paramount thing that can decide the safety of an investor's fund. There are some people who actually did not take their security very seriously, but after facing some ugly situations, they were not told to be more security conscious.

Some years ago, I lost my funds because of my carelessness about my security, although I learned from my mistake and have not fallen victim to the security bridge. You have shared great information here, @OP, and I think it's wise for everyone to take their security more seriously.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: Gormicsta on January 17, 2024, 02:21:46 AM
I agree with you, using a strong password for all this things is good because it can't be easily guess by another person, and it protects someone from be scam too even when they are with your phone.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: yhiaali3 on January 18, 2024, 08:59:11 PM
Yes, thank you for the important advice. The two most important pieces of advice from my experience:
First: Do not use the same password for more than one account, because having an account hacked will mean that all accounts will be hacked.

Second advice: Do not store passwords on the Internet, whether in the cloud or any other storage method, because they are vulnerable to hacking and therefore your data will be in constant danger.

Storing a password is similar to storing a seed. You should never use third parties to save it. It should be saved on paper in a safe place and not stored on a computer or the Internet.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: robelneo on January 18, 2024, 10:54:33 PM


Storing a password is similar to storing a seed. You should never use third parties to save it. It should be saved on paper in a safe place and not stored on a computer or the Internet.

I'm using a password manager but I have a trick on my own on every saved password I just make sure before I hit save the password in the password manager I have inserted two characters in the beginning and also two characters at the end of the password that 4 characters I remember by heart, so even if there is a breach those passwords are useless as they need those 2 characters in the first and the last password I'm fully aware of those breach in the password manager so this is my own innovation to keep the all the password safe.
Title: Re: Use strong passwords for your wallets/ accounts
Post by: KingsDen on January 19, 2024, 12:06:50 AM
    • Use password manager tools if possible.

    I think this is the best advice which summarize all of them

    I just switched to proton pass, I think it is very goof and privacy focused password manager
    https://proton.me/pass

    Password manager will automatically create one unique strong password for you in each website, and automatically fill up. I can't live without one anymore.
    I have heard about this so many times even in the bitcointalk but I have decided to trust my memory for my passwords. I think I am over using my memory for something that isn't worth stressing it. It is time I started using a password manager and I can use the one bitmover recommends. Managing password manually is something hectic to do and I have taken the risk for a very long time
    [/list]
    Title: Re: Use strong passwords for your wallets/ accounts
    Post by: yhiaali3 on January 19, 2024, 02:52:22 AM


    Storing a password is similar to storing a seed. You should never use third parties to save it. It should be saved on paper in a safe place and not stored on a computer or the Internet.

    I'm using a password manager but I have a trick on my own on every saved password I just make sure before I hit save the password in the password manager I have inserted two characters in the beginning and also two characters at the end of the password that 4 characters I remember by heart, so even if there is a breach those passwords are useless as they need those 2 characters in the first and the last password I'm fully aware of those breach in the password manager so this is my own innovation to keep the all the password safe.
    Very well, this is a good strategy to overcome the problem of password manager hacking, but you must have a good memory otherwise you will get into big trouble.

    Although this is a good strategy, with the development of hackers' skills and their use of artificial intelligence, it has become very difficult to trust a third party. It is better to follow the old methods of saving important passwords, I mean writing the password on a piece of paper, and it is also better to hide part of it so that it does not fall into the hands of Unreliable.
    Title: Re: Use strong passwords for your wallets/ accounts
    Post by: bitmover on January 19, 2024, 03:51:15 AM
    I have heard about this so many times even in the bitcointalk but I have decided to trust my memory for my passwords.
    The problem with this approach is that all your passwords will be similar.

    And there are a lot of data base leaks from websites. From time to time websites get hacked, and criminals get your password (which is the same or similar to other websites), and then you have a problem...

    A password manager mitigate this problem, as you will have different auto generated passwords for all web sites.
    Title: Re: Use strong passwords for your wallets/ accounts
    Post by: robelneo on January 19, 2024, 04:00:52 AM


    Storing a password is similar to storing a seed. You should never use third parties to save it. It should be saved on paper in a safe place and not stored on a computer or the Internet.

    I'm using a password manager but I have a trick on my own on every saved password I just make sure before I hit save the password in the password manager I have inserted two characters in the beginning and also two characters at the end of the password that 4 characters I remember by heart, so even if there is a breach those passwords are useless as they need those 2 characters in the first and the last password I'm fully aware of those breach in the password manager so this is my own innovation to keep the all the password safe.
    Very well, this is a good strategy to overcome the problem of password manager hacking, but you must have a good memory otherwise you will get into big trouble.

    Although this is a good strategy, with the development of hackers' skills and their use of artificial intelligence, it has become very difficult to trust a third party. It is better to follow the old methods of saving important passwords, I mean writing the password on a piece of paper, and it is also better to hide part of it so that it does not fall into the hands of Unreliable.

    When it comes to securing one's account one should devise his ways and should innovate, but if you are a marketer or you have a business online it is hard to keep up writing notes on all the sites where you have accounts you will need the help of a third party that is secure enough not to get hacked, my method will render all passwords in the third party useless, but it's always securing your environment and how you handle yourself when you're online and be aware of the hacking and scamming.
    Title: Re: Use strong passwords for your wallets/ accounts
    Post by: MUGNIA on January 19, 2024, 02:14:04 PM
      • Use password manager tools if possible.

      I think this is the best advice which summarize all of them

      I just switched to proton pass, I think it is very goof and privacy focused password manager
      https://proton.me/pass

      Password manager will automatically create one unique strong password for you in each website, and automatically fill up. I can't live without one anymore.

      Can this change an existing password?

      I'm the type of person who is very forgetful, sometimes I don't open a site/wallet/exchange for too long, where I have to enter my password, I have to research it first to be able to log in again.
      so almost all the websites/plafroms/emails that I have. have the same pwsd[/list]
      Title: Re: Use strong passwords for your wallets/ accounts
      Post by: bitmover on January 19, 2024, 06:00:15 PM

      Can this change an existing password?

      I'm the type of person who is very forgetful, sometimes I don't open a site/wallet/exchange for too long, where I have to enter my password, I have to research it first to be able to log in again.
      so almost all the websites/plafroms/emails that I have. have the same pwsd[/list]

      Using the same password is a terrible practice.

      You would need to download a password manager and start using new auto-generated passwords.

      You can change old ones, as I would consider them compromised. You can go to each website and change using the password manager
      Title: Re: Use strong passwords for your wallets/ accounts
      Post by: famososMuertos on January 19, 2024, 07:03:08 PM
      It seems like a random issue to use a password, and that is perhaps the main problem, yet despite knowing the fragility of certain passwords and not adding 2FA, it is a recurring situation.

      Some may know the infographic shown below:

      (https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.blogs.es%2Fe3b952%2Fcaptura-de-pantalla-2023-01-05-a-las-16.23.49%2F1366_2000.jpeg&t=658&c=EEYZedUEaD3m0Q)

      Title: Re: Use strong passwords for your wallets/ accounts
      Post by: tranthidung on January 21, 2024, 09:14:50 AM
      It seems like a random issue to use a password, and that is perhaps the main problem, yet despite knowing the fragility of certain passwords and not adding 2FA, it is a recurring situation.

      Some may know the infographic shown below:
      <image snip>
      I have that article from Hive in OP but did not make a screenshot. In fact, there are different tables for estimated time of wallet password bruteforce, not only one.

      The time to brute force password will become less and less when we have more powerful computational power with time. Better graphic cards and better computers will help us to brute force wallets more easily and faster.

      HIVE team update that article each year as I know.