Post
Topic
Board Economics
Re: Is wallet security important to use?
by
dowellness
on 16/10/2018, 07:31:43 UTC
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Do you guys have a better idea to avoid theft in the wallet?

Split your holdings. Majority in a secured cold wallet and a small stack on the mobile/desktop wallet for daily purchases.
Or: Use a hardware wallet with seed being backed up in multiple secured places.

The key is to reduce the possible attack surface to a minimum.

And use your common sense. BTC's not only get stolen through digial/physical theft, but also through shitty ICO projects.

Shitty ICO project that wants you to install a software to connect to their network and receive worthless coins/tokens. Been there. Good thing I have some small knowledge about Operating Systems so I get to use virtual box and stake it in there. Such a waste of time.
That's why wallet security is too much important. Its just like a robs in banks and to protect our money block chain just improve their security to make our money more secure.