this post was submitted on 24 Nov 2023
1 points (100.0% liked)

Ethereum

1 readers
1 users here now

Resources

founded 11 months ago
MODERATORS
communick@blockchained.world
1
Is a passphrase enough to store your coins? (alien.top)
submitted 10 months ago by ashketchup422@alien.top to c/ethereum@blockchained.world
33 comments fedilink hide all child comments
 

I always read about public keys,private keys and speedphrases that you need to store them in a paper wallet or hardware wallet. The only thing I ever stored are the passphrases (those 12 or 24 words) I get from metamask or other wallet provider in the beginning of creating a wallet. Is this enough when I write them down and secure them?

you are viewing a single comment's thread
view the rest of the comments
[–] Neophyte-@alien.top 1 points 10 months ago (1 children)

for some reason i dont like hardware wallets too, the following is "my way" to store my eth:

why dont you like hw wallets?

with your other steps, everything would have been fine, but you connected your pc unpatched / no virus scanner to the internet to dl metamask to create a wallet, and yeah its windows..

how ever unlikely it may be, you may have been subjected to a virus / keylogger while your unpatched windows machine got metamask... at hte time of the install

even if there was a 0.00001% chance your pc was compromised. imagine you had your life savings on a potentially compromised wallet where some bad actor had a keylogger on your pass phrase. sure its been 2 years, but maybe the hackers are waiting

[–] Juankestein@alien.top 1 points 10 months ago (1 children)

This guy created the most unnecessary, slow, impractical and unsecure method to safeguard his crypto to avoid paying $70 to Ledger/Trezor.

[–] beerbaron105@alien.top 1 points 10 months ago

not to mention greatly flawed by being internet connected