Post
Topic
Board Economics
Re: Is wallet security important to use?
by
Latviand
on 26/02/2019, 17:35:20 UTC
I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.

If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:

Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
Wallet security is really important to use because you might lose all of your funds by hackers if you do not have a strong security in your wallet. The best thing to avoid theft in your wallet is by not giving any information to other people or strangers, avoid accessing your account in public, never forget you private keys, and always use wallet that has strong security like hardware wallet like ledger.