Can a cryptocurrency wallet be 100% secure? Which is the best to use?
Can a cryptocurrency wallet be 100% secure? |
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Mar 6, 2021 01:07 AM
(This post was last modified: Mar 6, 2021 01:09 AM by White Clock.)
(Mar 6, 2021 12:57 AM)MadalynStone Wrote: Can a cryptocurrency wallet be 100% secure? Which is the best to use? Well the cryptocurrency wallet is secure. But all the things next to this wallet that makes it not secure. I mean, if you're ratted, well they are able to withdraw your money. So yeah the most secure way is a hardware wallet. But yes you can't SEND money if you store it offline. And you have the risk of losing the key to the drive. so 100% secure, it will never be. (Mar 6, 2021 01:07 AM)White Clock Wrote: Well the cryptocurrency wallet is secure. But all the things next to this wallet that makes it not secure. Disagree, it's technically possible to send money even if you're offline, just becomes cumbersome, hard, and needs lots of technical knowledge. You'd have to create the transaction and sign it offline, copy the transaction only to an online machine and broadcast it. Have a cool signature? hit me up and I might use it.
Mar 6, 2021 06:14 AM
(This post was last modified: Mar 6, 2021 06:15 AM by ๖ۣۜÑåzgйŀ.)
just get a hardware wallet and encrypt that seed phrase using veracrypt (using an air gapped computer)
Mar 6, 2021 06:19 AM
(This post was last modified: Mar 6, 2021 06:21 AM by Features.)
As others mentioned, there is no such thing as 100% secure. But Hardware wallets are probably in your best interest in terms of security.
Mar 6, 2021 07:22 AM
(This post was last modified: Mar 6, 2021 07:23 AM by Hewlett Packard.)
you want a 100% secure wallet? Get a hardware wallet, store crypto in it, memorize the key, burn the wallet and have no evidence of it. There you go. You now have 100% secure wallet with no one able to access to.
Spoiler (Click to View) (Mar 6, 2021 07:22 AM)Hewlett Packard Wrote: you want a 100% secure wallet? Get a hardware wallet, store crypto in it, memorize the key, burn the wallet and have no evidence of it. There you go. You now have 100% secure wallet with no one able to access to. Someone might watch him doing it. OP will have to learn the math and generate his private key in his brain, as long as he remembers it and can derive the public key, he can receive payments. Then he would need to manually sign transactions. Have a cool signature? hit me up and I might use it.
(Mar 6, 2021 07:22 AM)Hewlett Packard Wrote: you want a 100% secure wallet? Get a hardware wallet, store crypto in it, memorize the key, burn the wallet and have no evidence of it. There you go. You now have 100% secure wallet with no one able to access to. And then comes the good ol' $5 wrench attack. There's always a trade off between security and comfort. And IMO a hardware wallet handles both extremely well. Memory wallets (what you described) are obviously very secure but you can't really use your crypto in an easy way without compromising the security. You could also create an anonymouse group of likeminded individuals and create and split the key/create a multisig so that n-of-m are needed to sign a transaction. That means that not a single person can be compromised. For normal people that's overkill but for the Illuminati it might actually be feasible :D
4, 8, 15, 16, 23 and 42
Use that as your private key and it will be 100% secure. |
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