why using a wallet in cold storage is considered less secure?

Dors
Posts: 2
Joined: Mon Apr 10, 2017 11:08 am

why using a wallet in cold storage is considered less secure?

Postby Dors » Mon Apr 24, 2017 5:22 am

Why using a wallet in an offline storage is considered less secure?
mas
Posts: 139
Joined: Mon Apr 10, 2017 10:39 am

Re: why using a wallet in cold storage is considered less secure?

Postby mas » Mon Apr 24, 2017 8:44 am

The point of using an offline wallet is to store your private key on an offline computer. However, in order to spend those coins, you will need to copy your private key to a connected computer, which means it's no longer offline, leaving it vulnerable to hackers.
bill
Posts: 88
Joined: Sat Apr 08, 2017 5:14 am

Re: why using a wallet in cold storage is considered less secure?

Postby bill » Thu Sep 14, 2017 12:24 pm

cold storage includes dif options like hardware, desktop and paper wallets. Teach have their own pros and cons, but the common con is that they can easily be damaged.
Boyd
Posts: 81
Joined: Fri Apr 07, 2017 12:51 pm

Re: why using a wallet in cold storage is considered less secure?

Postby Boyd » Thu Sep 14, 2017 12:25 pm

they are considered less secure because they need extra security for themselves too before providing security to your bitcoins.
bravo
Posts: 85
Joined: Thu Apr 06, 2017 10:35 am

Re: why using a wallet in cold storage is considered less secure?

Postby bravo » Thu Sep 14, 2017 12:25 pm

the cold storage are like hardware wallets are not free to use and can break.
bravure
Posts: 163
Joined: Wed Apr 26, 2017 8:39 am

Re: why using a wallet in cold storage is considered less secure?

Postby bravure » Thu Sep 14, 2017 12:26 pm

anyone can steal your cold storage wallets, so they need extra security and care.
brian
Posts: 83
Joined: Thu Apr 06, 2017 8:12 am

Re: why using a wallet in cold storage is considered less secure?

Postby brian » Thu Sep 14, 2017 12:27 pm

cold storage like paper wallets can be torn, burnt or stolen and we can't even restore them.
brooks
Posts: 84
Joined: Fri Apr 07, 2017 6:21 am

Re: why using a wallet in cold storage is considered less secure?

Postby brooks » Thu Sep 14, 2017 12:31 pm

I would like to add about desktop wallets, these wallets can be hacked and we can't restore them too plus these wallets are not suitable if your PC is not actually only your personal computer.
btccherry
Posts: 166
Joined: Wed Apr 26, 2017 8:30 am

Re: why using a wallet in cold storage is considered less secure?

Postby btccherry » Thu Sep 14, 2017 12:32 pm

USB drives are also included in cold storage, they can be damaged by using magnet.
buehligat
Posts: 133
Joined: Wed Apr 26, 2017 8:47 am

Re: why using a wallet in cold storage is considered less secure?

Postby buehligat » Thu Sep 14, 2017 12:33 pm

paper wallet type cold storage can be copied too.
cris
Posts: 95
Joined: Thu Apr 06, 2017 10:57 am

Re: why using a wallet in cold storage is considered less secure?

Postby cris » Thu Sep 14, 2017 12:34 pm

I would refer you to the following site https://coinsutra.com/cold-storage-cryptocurrency/ this can educate you more .. Hope this helps !
curt
Posts: 91
Joined: Sat Apr 08, 2017 11:22 am

Re: why using a wallet in cold storage is considered less secure?

Postby curt » Thu Sep 14, 2017 12:36 pm

some where you have to be connected to an online network to get your transactions done. So like this it gets vulnerable to online scams and attacks too.

Who is online

Users browsing this forum: No registered users and 1 guest