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Message Subject THETA TOKEN CRYPTO THREAD - The Godzilla of Crypto
Poster Handle Anonymous Coward
Post Content
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Cool thanks. Do you think just the web wallet is safe? Do you like xrp?
 Quoting: Anonymous Coward 84887019


I think the web wallet at Theta Networks' official website is safe, (the wallet at Theta Network's official website) (make sure you are at the correct website - (ALWAYS verify the URL) there are hacker copy cats out there that look exactly like it, trying to steal peoples' key words) ....BUT...if you enter your key, by hand, to access your Theta Wallet, then it is POSSIBLE that key loggers can intercept your keys and allow hackers to steal your crypto. So ALWAYS set up and use a hardware wallet, and I think the best one is Ledger.
NEVER enter your key words into ANY PLACE online, even if someone promises you a huge amount of crypto to do so, or if someone is offering to "help you" or "assist you" online.

If you do it this way, I believe the web wallet is safe, as long as you use the hardware wallet to access it EVERY time.

Also, stake all your Theta and TFuel because it takes a few days to unstake it, which makes it slightly more difficult to steal, as long as you keep an eye on it.

I don't know much about XRP. Theta is all I give a shit about.
 Quoting: Butch DeFeo

You're right that is the safest way. The only problem for me is connecting the ledger is out of my league. I have no idea what I'm doing. If the ledger had a wallet for it I could send them there no problem. But the connecting the web wallet with the ledger is hard for me to understand
 Quoting: Anonymous Coward 84887019


1. Buy a Ledger NANO X
2. Read the instructions that come with the NANO X and do what it says. The NANO X will generate key words for you to write down. Install the Ethereum app onto your NANO X, because Theta Network is completely Ethereum compatible and Ledger does not have a specific Theta Network app, since Ethereum works perfectly to communicate with your Theta Wallet)
3. NEVER let anyone see your key words, never take a photo of them, or let a surveillance camera see them, lock them away, engrave them onto steel plate, never enter them into anywhere online EVER.
4. After your NANO X is set up, use it to access your Theta Wallet at Theta Network's official website.
5. Your crypto is not stored ON your Ledger hardware wallet. The hardware wallet is merely the key you use to access your blockchain address (wallet), similar to a key fob to access and drive a car.

6. To "connect the Ledger hardware wallet to Theta Network official online wallet", (what you are really doing is using the hardware wallet as the KEY to access your blockchain address) just go to [link to wallet.thetatoken.org (secure)]
then select HARDWARE, then LEDGER, then EHTEREUM - LEDGER LIVE. (You will use Ledger Live, a software package, on your desktop computer which will talk from your hardware wallet to your online Theta wallet)
 Quoting: Butch DeFeo


Ok sounds easy enough thank you. And then after that, the theta coins will be accessed by the phrase on my ledger or the phrase/key from the theta web wallet?
 
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