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RE: Do YOU have 2FA enabled? Do you use a password manager? The convenience of cutting these corners is NOT worth the risk!

in #cryptocurrency7 years ago

HOLLY COW! This is why I have not bought any cryptos yet. I want to know I am secure. Lots of security solvers have come out but I want to wait a little longer. I have come to the conclusion though, that keeping my wallet offline is the best solution. I am contemplating a stand alone computer that only gets turned on when I want to do transfers, paper wallet and/or flash drive. Actually I am thinking multiple. Like multiple wallets that I transfer through to my main storage. I know I know, this seems like overkill, but right now, it is the best I can come up with :O

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You have just described how cold storage could be achieved in the old days - before hardware wallets existed.

For supported cryptos, a Trezor/Ledger will enable the same level of security as an offline computer used for signing transactions (which you would have to sneaker-net to an online computer in order to broadcast), with the convenience of creating transactions from an online device.