Post
Topic
Board Altcoin Discussion
Re: Coinomi to store Altcoins - good idea?
by
xdeltax
on 10/08/2017, 19:45:55 UTC
The best way is to write your keypairs to paper and put it in the safe.

One of the unsafest ways to handle your keypairs, is to handle them in a wallet on your own Computer!!!

yeah, you may smile now. but thats a fact.

did you ever lost your images because of a hardware-crash of your end-consumer samsung HDD? i did.
if that happens to your wallet-PC (and you did not write down the keypairs before) all your coins are all gone forever.
even if you backup your wallet-dat at external HDD and USB-Sticks. Maybe there are dead in 10 Years. even if you run a RAID, your are never sure.

if you handle your keys with a BIP 39 Wallet (every deterministic wallets, must not be coinomi) you can recover all your keypairs if you just remember the recovery phrase (write it down, don't store it at a digital device).

there is nothing unsecure about that at all. and you need to thrust no one. all that calculations happen on your device only.