How to maximize wallet security ?
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Hi everyone,
I was reading Monero's reddit and I found this : https://www.reddit.com/r/Monero/comments/52sw9r/9830_xmr_stolen_from_my_mymonerocom_wallet_be/
It made me realize I didn't spend much attention on wallet security. Do you guys think that kind of theft is feasible with burstcoin ? I understand that it happened with an non-GUI wallet, but I'm a tech noob so I may not grasp everything on the subject.I'd like to know if you have some recommendations concerning account protection. Maybe a tutorial on this matter would be useful for some people, especially those who are discovering cryptocurrencies ?
Thanks !
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I can't explain the technicalities, but use the local wallet only and never your online wallet if you want maximum security. And, obviously, use a long and secure password and don't store your password in Dropbox and similar places.
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Don't fill up phishing sites. You can discern it's a phishing if it asks for your password or passphrase. No one will and should ask a passphrase. :)
ANd what @Propagandalf said, dont put your pass on the web. keep it in your notepad, saved in a passworded folder or write it down your notebook and put in a safe. :)
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I you want to hold your Burst long term, then I recommend a paper wallet.
Make a new wallet with the recommended 12 words (and add some words if you are paranoid). Write it down on paper or print it out. Fund it with a faucet. Give it a name or do an outgoing transaction. Don't use the passphrase on a daily basis. Don't save it on your PC.
Check if you can log in in this wallet again with the paper. Do another paper copy or copies of your passphrase and store it in another location.
Fund your wallet and check it on the blockexplorer: burstcoin.biz
That's it.
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@daWallet paranoia at its best. That's troubling to read. XD
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@jervis Hehe, I don't want to scare anyone, but that's how you save your Burst for years.
If you go out at a saturday night, you don't take your whole life savings in your wallet with you. ;) You have them somewhere in a save place.
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@daWallet Thanks man. I'll create a new paper wallet today to store most of my Burst :)
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@daWallet Do you think adding a paper wallet in the account manager is a bad idea ?
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@Gadrah_ Then it's not a paper wallet anymore. ;)
If your system gets compromised and the attacker knows what Burst actually is nothing will help you.
Do it like in real life and have a savings account "offline" and a wallet in your pocket with money you use on a daily basis "online".
Edit: Burst is actually as real as it gets :D
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@daWallet Yeah I see. Thanks a lot !
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This post is deleted!
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@daWallet said in How to maximize wallet security ?:
Edit: Burst is actually as real as it gets :D
lol, true =)