Post
Topic
Board Bitcoin Technical Support
Re: Bitcoin stolen from Electrum wallet
by
bob123
on 08/03/2018, 14:44:28 UTC
Even using desktop wallets is fine 99% of the time, if you take some basic security precautions.

I wouldn't say 99%.. but it definetely can be somehow safe.
But there are still exploits which simply arent fixed yet and are a perfect entry point for malware targeting crypto user.
There are things which you can't protect yourself from with a desktop wallet.

Additionally the 'basic security precautions' are probably not achievable/doable for 90%+ of the daily windows user.



Regarding hardware wallets: for me the jury's still out.  I don't like being dependent on a hardware device in case something goes wrong with it.
Electrum is an open source program that I can run directly from source code without installation.  That's very empowering.

You can enjoy the electrum GUI and still have the security of a hardware wallet.
When creating a wallet in electrum you have the choice to add a HW wallet (which will hold the private keys / do the TX signing).