Yes, the security risk is certainly the biggest downfall (IMO) for the entire crypto space. I hope that someone will come up with a wallet that is both easy to use and absolutely secure.
You explained well the difference between Hot and Cold wallet. Honestly speaking, I didn't knew its real meaning until now. After a year of immersing myself on Crypto space. This truly adds value to the reader of protecting ourselves from the hacker. No one will protect us if we messed up so be better gear up. Thanks @themarkymark
I've also linked there another article of mine, which describes, how to set a password for your steem account, which is not generated by Steemit website :)
Also, I am right now in the middle of my power-down process to transfer all my SteemPower from @noisy, to @noisy.cold, and to be honest... I feel much more secure since I started :) Of course, I delegate all that SP from @noisy.cold to @noisy, so... actually, nothing changed for in terms of my voting power :)
But i put all my ETH, Ripple and BTC to STEEM so i don't need to worry about storing it from exchange. All i worried about is the phising technique used by hackers, so it's better not to click the link that we don't trust and never put your password in the other website make sure you login to STEEMIT.COM.
Some good ideas! Thank you.
I'd never seen the actual little letters on a card before. Awesome idea.
Thanks again for showing us some possible better ways.
The Tree of Life, or Etz haChayim (עץ החיים) has upvoted you with divine emanations of G-ds creation itself ex nihilo. We reveal Light by transforming our Desire to Receive for Ourselves to a Desire to Receive for Others. I am part of the Curators Guild (Sephiroth), through which Ein Sof (The Infinite) reveals Itself!
good helpful post. this is very alarmini and informative post. everybody halpful post.
I couldn't agree more @mdnajir..
Yes, the security risk is certainly the biggest downfall (IMO) for the entire crypto space. I hope that someone will come up with a wallet that is both easy to use and absolutely secure.
You explained well the difference between Hot and Cold wallet. Honestly speaking, I didn't knew its real meaning until now. After a year of immersing myself on Crypto space. This truly adds value to the reader of protecting ourselves from the hacker. No one will protect us if we messed up so be better gear up. Thanks @themarkymark
A month ago, here I described how to create such a cold wallet, which will be perfect for hodling :)
I've also linked there another article of mine, which describes, how to set a password for your steem account, which is not generated by Steemit website :)
Also, I am right now in the middle of my power-down process to transfer all my SteemPower from @noisy, to @noisy.cold, and to be honest... I feel much more secure since I started :) Of course, I delegate all that SP from @noisy.cold to @noisy, so... actually, nothing changed for in terms of my voting power :)
like it ! :)
Was a great article! I have it saved to check out the code later.
That is really a good idea. I never thought of that.
This is really cool @noisy!
But i put all my ETH, Ripple and BTC to STEEM so i don't need to worry about storing it from exchange. All i worried about is the phising technique used by hackers, so it's better not to click the link that we don't trust and never put your password in the other website make sure you login to STEEMIT.COM.
This is why a cold wallet is a good idea, you rarely ever log into it.
I know, but i can't put my STEEM into cold because i need it from my posts in steemit.
not everyone is in the situation to need this. Sounds like the case for you. Those that do, this very well save them from losing a lot of money.
Some good ideas! Thank you.
I'd never seen the actual little letters on a card before. Awesome idea.
Thanks again for showing us some possible better ways.
Thanks for this AWESOME tips
thanks for helping people store their money
Great advice! Much appreciated! I'm going to get on that! Thanks for the share! Resteem
Yes, safety first!...:)...
The Tree of Life, or Etz haChayim (עץ החיים) has upvoted you with divine emanations of G-ds creation itself ex nihilo. We reveal Light by transforming our Desire to Receive for Ourselves to a Desire to Receive for Others. I am part of the Curators Guild (Sephiroth), through which Ein Sof (The Infinite) reveals Itself!