Hi Steemit,
I just read an article about someone who got all his coins stolen from his hardware wallet. And some people decided to use this to spread fear about cryptocurrencies and use a catchy title like 'a man got all his lifesavings stolen from hardware wallet'. True in some way but misleading because of 'used' or second hand not mentioned.
The full story is the man bought a second hand wallet that has been used and therefore the recovery phrase has been initialized by the first owner of the wallet. And the coins were then stolen by you can guess who
People who understand and has been in the cryptocurrencies for a while would immediately know that this is the man's own fault and nothing is wrong with the hardware wallet and cryptocurrency security. If your seed has been seen or known by someone then your wallet can be hacked, everyone should know this.
It's a sad story and just in case someone is planning to buy a used wallet, please DON'T. The savings is just not worth the risk
ow that is realy sad! I guess such a wallet is better then my online wallets, meaby I better look into it
I heard of this, really best to be safe than sorry
yes, the hardware wallet is not even expensive
I agree a 100% its a great way to keep your investment safe, I just wish the ledger was a bit better cant hold much at once unless its ERC 20 tokens
second hand wallet
by not mentioning it they made a huge mistake! Great article friend, a very useful content for all cryto holders!@djohan,
Cheers~
thank you theguruasia, sometimes people want to save money that's fine, but for hardware wallet is just not worth the risk
very sad that is but we should try to be safe from all of these
thank you sadcasm, security is worth the price, better be safe than sorry
Wow man that's something I have never even thought of happening. The recovery phrase is a very dangerous thing to expose or lose!
Yes i think the only way to steal from hardware wallet is by stealing the recovery phrase or you need the pin plus the wallet itself, otherwise it's quite safe
Excellent suggestion and that hardware wallet is surely worth buying, thanks for telling us about such nice hardware wallet, Stay blessed
thank you adnanrabbani, yes i suggested Ledger Nano S few months ago, this story is a good reminder of how important security is
Yes, now the fashion for such wallets, you have to buy only new ones, and then probably there are no guarantees that it will not be hacked. Thanks for the warning.
thank you magnata, the hardware wallet is very safe, but sometimes human error can make it not so safe
It is very important for us to buy a new hardware Wallet because of increasing security on crypto! Thanks, @djohan for this wonderful information.
thank you irfanullah, yes security is most important for crypto
amen! people should be really careful with large amounts of crypto! diversifying to different locations is great too!
thank you kevbot, yes the security of the cryptos is as important as the gains you make, a few different wallets can be good too just in case
Oh yeah, such second-hand purses can not be bought, otherwise you will remain beggars! Thank you @djohan
thank you serkagan, maybe the guy saved 30 dollars and then lose 30 thousand after that, not worth it
Yeah some news can indeed be misleading and as some new users they will often be mislead by these kind of news as they do not have any idea of about the product .
Yes often news are not reported fully, and some words get cut out to get attention
If someone want to use this wallet then new wallet is best option why use old and second hand
that's right, maybe some people think hardware wallet is safe even though you expose the recovery phrase. You can still reset before using it, but still i don't feel safe unless the wallet is new
this need to be further spread for awareness i feel like that would resteem this
thank you eyelashe
no, loss the coins, scary need security
Yes this story is quite sad and scary, for a 30 dollars savings the guy lost 30k
uf was a big hitt for him
@djohan - Human error or mistakes can be very costly Sir... Blaming hardware wallet is very unethical...
+W+
thank you steemwija, he forgot that the most important is not the device but the recovery phrase
@djohan, You giving us greatest advice for secure our coins. Yup..don't use second hand wallet. Its not secure and can hack easily. Plz buy new wallet.
thank you madushanka, yes it's just not worth to save few dollars and take this high risk
Thanks for excellent security instruction. Currently lost more moneys to the peoples from wallet hackers. So want be careful.
thank you dragonking, hardware wallet should be unhackable unless off course you let others know your pin or recovery words
yeah coudnt agree more , when it's regarding a wallet , buy from a reputable source and dont scrimp on a cheaper hardware wallet as security is your top most important too!
thank you spikykevin, yes i buy direct from the ledger website, just in case
Congratulations
Now you are in the MinnowsPower Loyalty Member List...!!! @djohan
Exceptional article & very useful advice you provided to the community...!!!
10% Upvoted by @MinnowsPower
thank you minnowspower
Hello @djohan,
Extraordinary good article & useful advice to the all Steemians.
~@mywhale
thank you mywhale
'Don't be cheap, buy a new hardware wallet'
nice advice you provided to the community. valuable thing @djohan
reteemed & upvoted & commented & followed@resteemia
thank you resteemia
oh that guy played him smart damm i feel really sorry for that guy now but something to learn for all
thank you wandering, yes very sad for the guy but we should learn from his mistakes
this is why originals and first purchase are always good you can save money at first but later you could loose all
thank you blazing, security is too important for saving many and buying second hands. I would pay more for an added security if there is an upgrade in the future
any layer of security added is great for long term and much needed in todays world
oh the rippers can rip us anytime in anyform time to be safe
Yes even the safest device , sometimes they find a way to steal it
This is really eye opening guide to how we should be careful with our cryptos...and should always go for new wallet.
Thank you @djohan and have a great day.
thank you shivohum2015, yes security shouldn't be taken so lightly. Because no matter how much gains you made if you can't keep it safe then it's useless
i had only little bit of crypto bro do you still suggest me to buy the hardware wallet
depends what cryptos, because not all cryptos are supported by the wallet. When I had only a little i was fine with mobile and desktop wallets, then i started feeling the need for extra security when my cryptos grow. So yes when you start feeling that, then it's time to buy one
i don't thinking buy old one would be that cheap instead we should buy the new one :) thanks for sharing this post very important message
thank you cutiepie, the new one isn't very expensive actually, not sure why some people wanna buy second and take risks
oh never buy second hand's this is a lesson to learn
thank you city slicker, you can buy second hand books but not hardware wallet :)
If a person want to use this wallet then new wallet is satisfactory option why use old and 2d hand
@Upvote and @Resteem
thank you robinsoncaiso, yes some people try to save money and this time it's not worth the risk
Thank you spreading awareness about the hardware wallet and we need to be careful while dealing with our cryptocurrency.
Thanks...steem on and stay blissful.....
thank you sthitaprajna, yes security is very important when it comes to your investment
Well ! thanks for the great advise. i am also going to buy a hardware wallet. thanks for the awareness.
Now these days hacking is something which is so dangerous and can ruin the life of any one so be in safe side and don't buy 2nd hand by saving little and loosing everything.
Buy new, and keep the recovery phrase safe, and PIN to yourself 👍👍👍👍👍👍👍
I think we can keep it safe, a very nice process, thank you.
This is a great device which is very useful.Wow!! That's amazing @djohan.
Truly, brilliant post my dear friend.
Thanks for sharing this post.😊 💙
Upvoted &Resteemed your post.
@djohan wonder full notes
its very nice and knowledgeable post.hope that all kinds of people learn from it.So thank you for sharing this post with us...
You are right,but I am not using this hardware
thanks for extraordinary safety guidance. presently misplaced greater moneys to the peoples from wallet hackers. So want be careful
@Upvote
i could have never imagined this scenario thank god i read this
@djohan...yes bri its important to buy a new wallets with a high security mmpresent in the cryptocurrency market or coin market there ate lot of coins cime day by day and lot of wallets also availble for one coin this the cause if we wnat to maintain a high value coins in the wallets definately we need to buy a good safety protected wallets..witha recovery of forgor any thing also get that type of wallets are most usefull to us..one more thing also dont give a same email id to all the wallet because its confuse to the same coin walletss
I really wonder how can people go for second hand wallet.
Thanks for posting this @djohan
i had to buy i will always buy new and will recommend other to buy new one too if they don't i will shot this post to them
I'm sorry for him.. It is too risky get secondhand wallet.. Thanks for information.
its very important to save our all document in one extra hardware...Excellent post