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/biz/ - Business & Finance

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27784845 No.27784845 [Reply] [Original]

stupid or safe?

>130k portfolio
>all on a software wallet
>have it on spare laptop only browse biz on it

am I safe or retarded and should get a hardware wallet

>> No.27784952
File: 662 KB, 498x373, external-content.duckduckgo.gif [View same] [iqdb] [saucenao] [google]
27784952

don't worry anon, you are entirely safe

>> No.27785010

>>27784952
ty anon

>> No.27785040

>>27784845
There are potential vulnerabilities but the chances of you losing your funds are still very slim as long as you know how to keep your computer predicted and aren't a total retard and lose your seed phrase.

>> No.27785117

>>27785040
protected*

>> No.27785210

>>27785040
what's a seed phrase? i login to my metamask with a single password. is that it?

>> No.27785216
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27785216

>>27784845
I prefer software or paper wallets because I'm terrified of a hardware wallet failing.
With software/paper, you'll never lose your coins as long as you have the key phrases. I keep several handwritten copies of my key phrases, stored in places where no one will ever find them.

>> No.27785297

>>27785210
how the fuck do u recover your wallet if your computer dies?
Thats the seed phrase.

>> No.27785319
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27785319

>>27785210
Oh shit

>> No.27785341

>>27785216
yeah thats what I do, plus i dont like that you have to say your name and address to buy one. i dont want anyone to know i have crypto

>> No.27785359

>>27785297
uh...can't i just reinstall metamask and enter my password?

>> No.27785368

>>27785210
Dude you better figure that out you fucking idiot

>> No.27785398

>>27785216
Do you also not understand how a hardware wallet works? You also have a key phrase.

>> No.27785405

>>27785297
u write it down its 12 words, as long as u got that ur good

>> No.27785433

>>27785210
go to settings> security and privacy> reveal seed phrase

that's your 12 words to restore your wallet if your computer dies

keep it safe

>> No.27785434

No, you need to know the seed phrase to recover teh wallet, the password only works on your computer after you have recovered the wallet.

>> No.27785444
File: 125 KB, 600x600, 1605083768843.jpg [View same] [iqdb] [saucenao] [google]
27785444

>>27785359
Yes

>> No.27785456

>>27785359
Try it. I dare you.

>>27785405
I know I was explaining it to the other dude.

>> No.27785492

>>27785456
my bad im baked

>> No.27785522
File: 104 KB, 572x621, 1593402383172.jpg [View same] [iqdb] [saucenao] [google]
27785522

>>27785398
What happens if the hardware fails, though?
I honestly don't know how hardware wallets work.

>> No.27785547

>>27785444
lol you got digits but thats fucked up hahahha

>> No.27785551

>>27785433
ok bro i will give it a try tomorrow. what's the best way to store the seed phrase?

>> No.27785589

>>27784845
use metamask with a leger/trezor

>> No.27785607
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27785607

>>27785522
>What happens if the hardware fails, though?
>>27785297

>> No.27785622

>>27785359
Please be fucking trolling.
No you cannot. You need the seed phrase to get your wallet restored onto another machine.

>> No.27785640

>>27785492
Hell ya, brother.

>> No.27785691

>>27785216
So literally 0 difference with a hw wallet, got it

>> No.27785721

>>27785551
you write it down and put it in a safe retard

>> No.27785723
File: 439 KB, 964x815, 1595674180835.png [View same] [iqdb] [saucenao] [google]
27785723

>>27785607
Seriously?
So if your ledger gets broken somehow, you can just buy a new ledger and enter your old key phrase to recover it?

>> No.27785748

>>27784845
I have a leather wallet and a prison wallet, what’s a hardware wallet?

>> No.27785761

>>27785622
He has to lock the price in first though

>> No.27785766

>>27785551
Piece of paper tucked in your phone case.

>> No.27785799

>>27785723
herpaderp

>> No.27785853

I feel completely fine using Exodus on iOS and a Ubuntu live USB.

I wouldn’t use the browser on an OS used for crypto.

>> No.27785865

>anon owns a 130k dollar laptop

>> No.27785879

>>27785359
are you retarded? how is netamask gonna know what account the password is for?

>> No.27785883

>>27785522
You enter your seed phrase in any compatible software wallet or buy another ledger

>> No.27785979

>>27785865
>anon owns a 130k usb stick
at least my laptop is bigger so harder to steal / lose

>> No.27786028

>>27785748
a hardware wallet is a cheap wallet thats hard to ware cuz it doesnt got drip

>> No.27786085

>>27784845
>hmm should I spend $100 to make sure I don't lose $130,000
>nah

>> No.27786130

What happens if metamask goes out of business or stops updating software etc, would I lose it all?

>> No.27786131

I've had a hardware wallet for a few years now but I had it just sitting on my desk with the keys in my room and random people have been in there over the years like contractors or the neighbors feeding my cats. Now I've hidden it but I'm paranoid someone wrote down all my keys and are just waiting for the right time to exit scam. Now that I'm up to 130k in there as well with the bullrun I'm paranoid they were just waiting till I put enough money in to steal it all.

>> No.27786137

>>27784845
Do it on 2 computers.

>> No.27786140

way too fucking much on a hot wallet. hope you're at least using Metamask with Ledger

>> No.27786174

>>27785359
No. You need the seed phrase. Print it out and keep it in a safe place.

>> No.27786203

>>27786131
so buy a new ledger with recovery seed and transfer it over. instant peace of mind. or send it to me

>> No.27786359

>>27784845
You're safe more than likely but with that kind of money I wouldn't NOT have a hardware wallet. It's almost just a matter of convenience being able to carry it effortlessly with you, especially with the mobile apps that connect to the BT-enabled ones like the Nano X.

I don't know where you live, but there's always the chance of robbery or disaster. What if someone robbed your house? What if a fire or natural disaster wrecked your shit?

>> No.27786405

>>27786203
Yeah gonna do this I guess.

>> No.27786416

>>27786130
Fucking read the thread retard answer is a couple post above

>> No.27786420

>>27786131
99.999999% of people wouldn't even understand how to do it if they saw it.

Most people with crypto don't even know, let a lone random normies

>> No.27786544

>>27786131
if you're so worried why not create a new one?

>> No.27786646

>>27786420
Yeah that's the only reason I haven't got a new one. Nobody would know what it was.

I'm also paranoid about someone finding my seed phrase. It's in a fire proof safe. I think I might get two and split the money between both of them.

>> No.27786685
File: 13 KB, 640x269, hash.jfif.jpg [View same] [iqdb] [saucenao] [google]
27786685

What are your thoughts on Hash Wallet bros?

>> No.27787203

op here gonna be real I just dont use a hardware bc most of my funds are dirty

>> No.27787586

>>27787203
it doesn't matter, thats not the reason you need a hardware wallet

the hardwallet wallet is so your seed and passphrase is never ExPoSeD to the internet

>> No.27787829

Don’t be retarded like me and lose your seed phrase.

>> No.27788315

>>27786130
It doesn't matter. Trezor, Ledger, online wallet, whatever. You can access your shit with the seed phrase.
>>27785883

>> No.27788422

>>27785551
safe it in email, aint nobody gonna look there

>> No.27789011

Just print your seed, private and public keys for all your wallets and store them in a locked box/safety deposit. Hell, maybe a text file and put all that info on multiple flash drives as backups. Paper wallets are king.

>> No.27789076

>>27784845
Get a hardwallet, and get a sprate coniuter you only use for your finance.

>> No.27789434

>>27785433
What if i have the private keys of each address exported? That works too right?

>> No.27789912

>>27785359
yeah bro youre good. dont listen to the faggots trying to make your life difficult, you just need the password.

>> No.27790247

>>27785210
bruh computers die all the fucking time. hurry and memorize that shit

>> No.27790973

>>27785210
this, >>27789912, send me ur seed phrase anon i'll keep it safe for u in case u lose ur computer
(But don't actually do this, don't share ur seed phrase with anyone you absolute newfag)

>> No.27792600

>>27785551
Write a story using all twelve words, then self-publish it and keep it on your fireplace mantle. Take it down from time to time and read it out loud to family and friends (yeah, right). Giggle as they listen intently, not having a clue that your story is worth millions. Go ahead and let them think you're retarded, as the words "beefsteak" and "carburetor" roll off your golden tongue. Giggle, giggle...

>> No.27792796

>>27785589
I tried to connect my leger to metamask but it never connected.

>> No.27794265

>>27786131
Transfer your crypto to another wallet, wipe it then transfer them to the new one

>> No.27794500

metamask tied to hardware for Defi and trading
paper for hodlings

>> No.27794503

>>27792600
so based

>> No.27794647
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27794647

>>27785210
OH GOD IS THIS BAIT?

>> No.27795027

how does connecting the hard ware walled to metamask work.

Ledger doesn't seem to support all the tokens/coins, even if they're based on eth.

>> No.27795258

>>27785359
lol imagine falling for this obvious bait

>> No.27795905

>>27784845
welp let me ask u this... do u like softcore or hardcore pron? go hard or go home...

>> No.27795946

>>27785444
Che-keked

>> No.27796232

>>27784845
I got hacked on metamask, someone somehow took all my shit and ran off with it
I have malwarebytes and it showed me that I had 0 viruses or other malware, so how the fuck did he did it?????

>> No.27796262

>>27785723
Yes

>> No.27796570

>>27796232
>I have malwarebytes
that's how he did it.

>> No.27796799

>>27796570
what do you mean?

>> No.27796858
File: 165 KB, 537x465, Comp.png [View same] [iqdb] [saucenao] [google]
27796858

>use signata
>funds are safu

>> No.27796949

>>27796799
malwarebyte is a huge fucking spyware

>> No.27796961

>>27785359
Bait

>> No.27797050

>>27785216
>>27785766
>>27789011
i like the Cobo steel tablet wallet. pretty nifty, badass, for just $30 or $40. basically a paper wallet made of indestructible metal.

>> No.27797223
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27797223

>>27796949
Please Elaborate

>> No.27797499
File: 3.59 MB, 334x298, 1611086495400.gif [View same] [iqdb] [saucenao] [google]
27797499

Should I get a ledger or trezor?

>> No.27798117
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27798117

>>27784845
I use Airgap wallet on my old shitty android. I tried to shill it earlier but my thread died with no replies.

Just turn your old phone into a hardware wallet for free instead of buying a trezor. Seriously what's wrong with you people?

>> No.27798530

>>27797050
I don't understand this, it only has 4 letters for each word. What are you supposed to do with that?

>> No.27798812

>>27798530
you enter the first four letters of each word. according to BIP39 or whatever, you only need the first four letters to determine what word it is.
there's a master list of all the possible words, and there is only one possible word for each given set of four letters.
does that make sense?

>> No.27798897

>>27798530
look up the BIP39 master word list and you'll see, you only need the first four letters of any potential seed word to determine what word it is.

>> No.27799186

>>27798897
>>27798812
I get it now. Thanks.

I bought some punches and blank metal cards way back. I didn't end up using them because I couldn't fit all the words on them.

Turns out I'm retarded and I can go stamp some seed back ups this week.

>> No.27799604

>>27799186
happy to help anon. i was pretty intrigued when i realized this was the case. it makes sense from a cryptographic perspective that you only need the first four letters.
if you use coingecko, and you collect candies, you can get like 15% off cobo products.
i've still never even tried using a hardware wallet despite owning a ledger nano s... i just like the analog steel wallets.

>> No.27799709

No normie is ever going to do any of this shit.

>> No.27800209

>>27785216
A hardware wallet just makes sure your private key never gets exposed.
If you need to validate a transaction, the machine sends a prompt to your hardware wallet and you physically interact with it to sign and send back.

What if you have a virus which screenshots when you show your private key on MetaMask? Or some keylogger catches your private key.

>> No.27800434
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27800434

>>27785444
holy kek

>> No.27800565

Does Trezor update the list of coins supported on cold wallets? I've been thinking of getting one but they don't currently support Rubic and I'd rather not have to buy a second wallet just for that later on

>> No.27800615
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27800615

>>27785210

>> No.27801231

>>27785216
>this is your average /biz/poster