Post
Topic
Board Beginners & Help
Re: How safe are crypto wallets??
by
AbuBhakar
on 28/06/2022, 14:41:50 UTC
It’s been all over the news how vulnerable older versions of crypto wallets can be. Right now, it’s the name of Metamask that has come out in the open, but I think there will be more to follow as well. This shows that using a crypto wallet isn’t enough, but one should ensure that it is up-to-date and has multiple layers of security. I also think it is better to divide the investments into multiple wallets to reduce the risks. Is anybody using multiple wallets here? If yes, then which ones are those, and how good are their safety features?

Safety is pretty subjective because it's highly depends on the user knowledge on how they will protect there investment. Even if you are using the safest wallet on earth while you are dumb enough to connect it on malicious website or you suddenly exposed your seed phrase to the hacker then it's  still useless compared to a smart guy that using a typical web wallet that know how to protect his assets. Just stating the facts because safety is always depends on the person itself while the wallets is the secondary concern because you will not choose a shady wallet at the first place if you have good knowledge about online security.