Safest way to buy and hold crypto? (Discussion)
- Thread starter powbow
- Start date
indianagent
Regular Member
- Dec 18, 2009
- 267
- 56
Ledger wallet
indianagent
Regular Member
- Dec 18, 2009
- 267
- 56
By the way which service did you use where you got jacked?
RottenApple
Regular Member
- Dec 24, 2020
- 283
- 206
Cold Wallets is the proper response here.
- Nov 16, 2011
- 18,484
- 10,614
Ledger
KorporationChaos33
Newbie
- Jun 14, 2021
- 29
- 9
How exactly did you have 2fa for crypto? Was it on an exchange?
uncutu
Elite Member
- Aug 6, 2010
- 3,504
- 3,370
2fa has weakpoints. google will tell u how its hackable. sim swapping is popular method.
best bet is move ur funds to hardware wallet. like trezor or ledger.
or have a dedicated laptop with only crypto wallet
hw wallets are capable of getting hacked. probably not how you're thinking. i'll explain how below. be sure to buy from official vendor. never ebay/amzn/used
anyone can buy 100+ units of ledgers
initialize them and write down the private keys.
put them all up for sale on amazon/ebay.
wait 3 months
recover all those keys and siphon the coins out
this has been done before
best bet is move ur funds to hardware wallet. like trezor or ledger.
or have a dedicated laptop with only crypto wallet
hw wallets are capable of getting hacked. probably not how you're thinking. i'll explain how below. be sure to buy from official vendor. never ebay/amzn/used
anyone can buy 100+ units of ledgers
initialize them and write down the private keys.
put them all up for sale on amazon/ebay.
wait 3 months
recover all those keys and siphon the coins out
this has been done before
- Apr 10, 2020
- 3,145
- 815
Ledger will solve your problems.
- Nov 29, 2008
- 9,238
- 4,793
I would suggest that you look into hardware wallets.
Basically, you get your code and you hold it on a device—it’s not connected to the internet.
It is not a “hot wallet”; it has to be stone-cold—and you have to have physical access to it.
Of course, this makes the most sense if you're holding a high-end and high-value crypto like Bitcoin or Ethereum.
But if you have a large portfolio, and everything adds up to a few thousand dollars or hundreds of thousands of dollars, it would make a lot of sense to get into hardware wallets.
Now, it’s really important to keep in mind that when you invest in a hardware wallet, the chances of you successfully fighting the temptation to buy and sell your crypto portfolio on a daily or frequent basis goes down tremendously.
This could be a good thing for some people, and for others, this could be a problem, so just keep that in mind.
Basically, you get your code and you hold it on a device—it’s not connected to the internet.
It is not a “hot wallet”; it has to be stone-cold—and you have to have physical access to it.
Of course, this makes the most sense if you're holding a high-end and high-value crypto like Bitcoin or Ethereum.
But if you have a large portfolio, and everything adds up to a few thousand dollars or hundreds of thousands of dollars, it would make a lot of sense to get into hardware wallets.
Now, it’s really important to keep in mind that when you invest in a hardware wallet, the chances of you successfully fighting the temptation to buy and sell your crypto portfolio on a daily or frequent basis goes down tremendously.
This could be a good thing for some people, and for others, this could be a problem, so just keep that in mind.
Shepseskare
Registered Member
- Jul 21, 2021
- 66
- 10
Install Electrum on your computer. Write carefully your login details somewhere, transfer your coins to this wallet, uninstall fully Electrum software from your computer.
You'll need to reinstall it each time you'll need access to your coins, but even if someone steals your computer, there will nothing to tell you ever had any bitcoin.
You'll need to reinstall it each time you'll need access to your coins, but even if someone steals your computer, there will nothing to tell you ever had any bitcoin.
- Aug 16, 2014
- 1,243
- 679
have a phone # only for crypto
dont share it with others
+ a PC only for crypto
you don't do anything else on the PC, no games, no BHW, no downloads of any kind..
