When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? | |
Swingline
Forum Moderator User ID: 78291643 United States 11/26/2021 01:44 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73611604 United States 11/26/2021 01:47 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? There is none,some 5eyes military guy could steal it all and you cant do jack shit. Some telephone guy gets paid off to redirect the neighbors phone lines into neighbor joes house and he man in the middle attacks you.grabs it all. Nothings secure because gov wanted to spy on you. The terrorist won. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 01:48 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? I would like to know who has a great crypto wallet? My son mention about getting a hardware wallet. Yeah some say that a hardware wallet is best, but who is to know that whoever manufactured that hardware wallet didn't install software that sends the password and phrases back to the manufacturer? The whole crypto wallet thing seems hokey. :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
minimeister User ID: 77540894 Nicaragua 11/26/2021 01:48 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? you can use an offline paper wallet generator and then send to that. it works without the receiving address ever being connected to the internet. Lots of info if you search for 'bitcoin paper wallet'. most coins have their version of this. |
Anonymous Coward User ID: 81254898 Mexico 11/26/2021 01:50 PM Report Abusive Post Report Copyright Violation | |
Farlander
User ID: 80193557 United States 11/26/2021 01:51 PM Report Abusive Post Report Copyright Violation | |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 01:51 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? you can use an offline paper wallet generator and then send to that. it works without the receiving address ever being connected to the internet. Lots of info if you search for 'bitcoin paper wallet'. most coins have their version of this. Quoting: minimeister 77540894 hmmm thanks I don't totally understand the paper wallet yet. At some point, you have to type in the password online, correct? Or create it online? It could still be intercepted??? Last Edited by Butch DeFeo on 11/26/2021 01:55 PM :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 01:52 PM Report Abusive Post Report Copyright Violation | |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 01:52 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? Faith in the technology and not being so paranoid that you believe everyone is out to get you. Quoting: Anonymous Coward 81254898 I suggest meditation. :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 01:53 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? There is none,some 5eyes military guy could steal it all and you cant do jack shit. Quoting: Anonymous Coward 73611604 Some telephone guy gets paid off to redirect the neighbors phone lines into neighbor joes house and he man in the middle attacks you.grabs it all. Nothings secure because gov wanted to spy on you. The terrorist won. Yes, I believe this. The only question is, will an opportunist take advantage or not? :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
minimeister User ID: 77540894 Nicaragua 11/26/2021 02:04 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? you can use an offline paper wallet generator and then send to that. it works without the receiving address ever being connected to the internet. Lots of info if you search for 'bitcoin paper wallet'. most coins have their version of this. Quoting: minimeister 77540894 hmmm thanks I don't totally understand the paper wallet yet. At some point, you have to type in the password online, correct? Or create it online? It could still be intercepted??? you download a program that will generate wallet addresses offline. you can validate that code if you like, it's been done, this is old stuff. on a computer that is NOT connected to any network you run the program and you get your addresses. there are even some nice ones you can print off that look cool. At this point you will have your public keys (rcv addy) and their corresponding private keys. at this point you have an address that you can send to but at this point there will be zero transactions. you can use an internet connected machine to check the balance and transaction history using any old block explorer. you can send to it and it can rcv without ever being connected to the internet. when you want to send the coins somewhere then at that point you will need to use a connected machine to issue a transaction to the network. typically the addresses are discarded after this process known as 'sweeping' as they have now been exposed to the internet. this all happens through crypto math magic. |
Anonymous Coward User ID: 79235753 United States 11/26/2021 02:06 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? you can use an offline paper wallet generator and then send to that. it works without the receiving address ever being connected to the internet. Lots of info if you search for 'bitcoin paper wallet'. most coins have their version of this. Quoting: minimeister 77540894 hmmm thanks I don't totally understand the paper wallet yet. At some point, you have to type in the password online, correct? Or create it online? It could still be intercepted??? Nope You can download a paper wallet generator unplug your computer from the internet generate the wallet passwords WRITE THEM DOWN AND HIDE A COUPLE OF COPIES delete program and plug computer back in |
Crypto-Tard
User ID: 78144147 United States 11/26/2021 02:09 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? You need a hardware wallet. ie. Trezor, Ledger, etc. Take your machine OFFLINE. Do it on a machine with a fresh boot USB so you avoid keyloggers and other spyware they jam on these computers. Generate the word list and WRITE IT DOWN. Store that list in several safe places. Fires happen and you don't want your crypto "going up in smoke". Once your private key is generated, you can go back online, but only plug in the hardware wallet when you are sending from it. You can save the receive addy on a text note pad, because it's a PUBLIC address, it can receive anything. To send, plug in your hardware wallet and start the wallet, then use the send function. When you are afraid of losing your life, you have already lost your life. Don't be afraid. |
The Rickest Rick Sanchez
User ID: 81266141 United States 11/26/2021 02:13 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? Oh no. You and You alone figured it out without knowing any technical information or anything about cryptography/encryption. I guess Bitcoin is really dead now. SMH Look into what public and private keys are and how they work. You aren't sending a clear text password. Hardware wallets "can" be compromised, which is why you never buy from resellers and only direct from well known manufacturers. Paper is the safest, as all encrypt/decrypt is client side and only the address is public. Just make sure to disconnect from internet when generating. Personally I keep most on coinbase and use 2FA on an old phone with no sim card. The universe is basically an animal. It grazes on the ordinary. It creates infinite idiots just to eat them. The Rickest Rick Sanchez comments are meant for entertainment purposes only and should not be construed to reflect the feelings and opinions, implied or expressed, of the author. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:13 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? you can use an offline paper wallet generator and then send to that. it works without the receiving address ever being connected to the internet. Lots of info if you search for 'bitcoin paper wallet'. most coins have their version of this. Quoting: minimeister 77540894 hmmm thanks I don't totally understand the paper wallet yet. At some point, you have to type in the password online, correct? Or create it online? It could still be intercepted??? you download a program that will generate wallet addresses offline. you can validate that code if you like, it's been done, this is old stuff. on a computer that is NOT connected to any network you run the program and you get your addresses. there are even some nice ones you can print off that look cool. At this point you will have your public keys (rcv addy) and their corresponding private keys. at this point you have an address that you can send to but at this point there will be zero transactions. you can use an internet connected machine to check the balance and transaction history using any old block explorer. you can send to it and it can rcv without ever being connected to the internet. when you want to send the coins somewhere then at that point you will need to use a connected machine to issue a transaction to the network. typically the addresses are discarded after this process known as 'sweeping' as they have now been exposed to the internet. this all happens through crypto math magic. Wow, complicated! Thanks, I'm gonna study this more. :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Anonymous Coward User ID: 80554385 United Kingdom 11/26/2021 02:15 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80562797 United States 11/26/2021 02:15 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80759460 Canada 11/26/2021 02:15 PM Report Abusive Post Report Copyright Violation | |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:16 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? You need a hardware wallet. ie. Trezor, Ledger, etc. Quoting: Crypto-Tard Take your machine OFFLINE. Do it on a machine with a fresh boot USB so you avoid keyloggers and other spyware they jam on these computers. Generate the word list and WRITE IT DOWN. Store that list in several safe places. Fires happen and you don't want your crypto "going up in smoke". Once your private key is generated, you can go back online, but only plug in the hardware wallet when you are sending from it. You can save the receive addy on a text note pad, because it's a PUBLIC address, it can receive anything. To send, plug in your hardware wallet and start the wallet, then use the send function. How can you trust the manufacturer of those hardware wallets? What if there was software in them that sent the password, etc back to them? :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:17 PM Report Abusive Post Report Copyright Violation | |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:18 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? I don't program those databases but I'd guess that your password is hashed, a 1 way hash so if someone intercepted it, it's essentially useless to them. Quoting: Anonymous Coward 80562797 How bout when the password is enroute from your computer to whatever computer on the internet processes it? :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Anonymous Coward User ID: 80804898 United States 11/26/2021 02:19 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? You use a cold wallet *always* - hot wallets (online) are only temporary for this reason along with many others. it's not your crypto unless it's in a cold wallet where YOU hold the keys and nothing and no one else. Simple as that. |
Keilani
User ID: 80358879 United States 11/26/2021 02:19 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? I would like to know who has a great crypto wallet? My son mention about getting a hardware wallet. Yeah some say that a hardware wallet is best, but who is to know that whoever manufactured that hardware wallet didn't install software that sends the password and phrases back to the manufacturer? The whole crypto wallet thing seems hokey. I've had no problem, for the most part, with Trust Wallet. You have to remember to add the coin in order to view it, that throws some people off on it. If I buy on Coinbase I leave on Coinbase, it's like a frick'n bank and insured, so why pay money to move it??? I looked into hardware wallets, but they actually seemed harder to use to me, and how is that safer when someone could just steal it or you could lose it? I find online safer. Also, it's my understanding, costs a fortune to trade from the hardware wallet back to platform when you want to cash out, IDK. |
Anonymous Coward User ID: 80562797 United States 11/26/2021 02:20 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? I don't program those databases but I'd guess that your password is hashed, a 1 way hash so if someone intercepted it, it's essentially useless to them. Quoting: Anonymous Coward 80562797 How bout when the password is enroute from your computer to whatever computer on the internet processes it? It's not a secure connection? |
GT Big hair
User ID: 80710612 11/26/2021 02:22 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? So I bought a puny amount of crypto, just for the hell of it. Quoting: Butch DeFeo I got it from a broker, so will transfer it to a wallet soon. When creating a crypto wallet, how do you keep the password and phrases from getting into the hands of a hacker who will later steal your crypto from the wallet? How do you know the password is not being INTERCEPTED by a hacker or even someone who programs the crypto network? The whole system looks WEAK to me. And super insecure. Ideas? Thanks digital money can just dissapear with a few key strokes... everyday physical assets you can touch, will be the only money worth keeping. GT Big hair...yep and Amen. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:23 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? I would like to know who has a great crypto wallet? My son mention about getting a hardware wallet. Yeah some say that a hardware wallet is best, but who is to know that whoever manufactured that hardware wallet didn't install software that sends the password and phrases back to the manufacturer? The whole crypto wallet thing seems hokey. I've had no problem, for the most part, with Trust Wallet. You have to remember to add the coin in order to view it, that throws some people off on it. If I buy on Coinbase I leave on Coinbase, it's like a frick'n bank and insured, so why pay money to move it??? I looked into hardware wallets, but they actually seemed harder to use to me, and how is that safer when someone could just steal it or you could lose it? I find online safer. Also, it's my understanding, costs a fortune to trade from the hardware wallet back to platform when you want to cash out, IDK. Yeah and it seems like the hardware wallets could have malicious software in them that could steal your password. I'm gonna start a coinbase account and wallet just to play around with, and keep a bare minimum in it. :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Clarence Worley
User ID: 44883436 United States 11/26/2021 02:23 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? What is far more distressing to me is that you have to give them the username & password to your on-line bank account when you sign up for a crypto account. I do not understand that at all and that is the primary reason I do not have a crypto account. "THE conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country." -Edward Bernays |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:25 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? I don't program those databases but I'd guess that your password is hashed, a 1 way hash so if someone intercepted it, it's essentially useless to them. Quoting: Anonymous Coward 80562797 How bout when the password is enroute from your computer to whatever computer on the internet processes it? It's not a secure connection? Secure would need to be encrypted. So nope, unless the crypto service is encrypting on both sides automatically or something. :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Butch DeFeo
(OP) User ID: 44546351 United States 11/26/2021 02:25 PM Report Abusive Post Report Copyright Violation | Re: When you create a crypto wallet online, how do you know that the password, phrases, etc are NOT being intercepted as you create the wallet? What is far more distressing to me is that you have to give them the username & password to your on-line bank account when you sign up for a crypto account. I do not understand that at all and that is the primary reason I do not have a crypto account. Quoting: Clarence Worley Oh, I won't be doing that, either. NO SHIT??? :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Governor Cuomo NY User ID: 81268761 11/26/2021 02:25 PM Report Abusive Post Report Copyright Violation | |