Do you use crypto web wallets? Are they safe?

[Good-Person]

Cryptocurrency web wallets are the kind of wallets that store data online. They also utilise online software in order to store cryptocurrencies. Many people do not think that cryptocurrency web wallets are safe. So, do you really think that such kind of web wallets are safe?

 

[Riberet19]

Cryptocurrency web wallets are the kind of wallets that store data online. They also utilise online software in order to store cryptocurrencies. Many people do not think that cryptocurrency web wallets are safe. So, do you really think that such kind of web wallets are safe?

Do you mean wallets like Metamask? I'm not sure, but I use Metamask and I haven't had any problems with it, I don't know if you have other examples of wallets of this type to tell you if I use it or not and therefore give my opinion on their security, but as the name suggests, they are wallets that always work online, and that can have many security holes since it can always be hacked.

 

[Nomad]

I use mobile wallets as well as desktop wallets. desktop wallets are more secure than mobile or web wallets. I also use exchanges. Even though there are security concerns with these wallets, you can secure your wallets with a strong password and 2FA. I have secured my web wallet with biometrics, so I tend to believe my wallets are safe.

 

[Timgab]

Cryptocurrency web wallet are safe. Though security issues differs depending on the one your using. Reputable wallets like trustwallets, binance wallets, etc with some more of it are highly secure. Note you can also increase the security of your wallets by enabling 2FA authentication.

 

[Nomad]

You can implement securities such as 2FA, biometrics etc. to secure your wallets, which will stop other people getting into your account. However, the security measures you implement will not be enough when the crypto company that is providing wallet services get hacked. For instance, if someone hacks trust wallet (not just your account in trust wallet), there is nothing you can do.

 

[JohannaGardner]

Cryptocurrency web wallets have gained popularity for their accessibility and ease of use. They allow users to manage their digital assets conveniently through an online platform. However, concerns about their security are valid, as they rely on internet connectivity and third-party services.

 

[linux.poet]

I would think it would be highly likely MetaMask is safe. That uses a browser extension, so it uses a combination of what MEGA uses to secure files, in its own program directly on a closed loop. There's no browser call to intercept. It's also non-custodial - you have access to your private keys.

I would hope that they use Paypal-esque technology to secure the crypto on the internet as well, so I'm not really anxious about the small amount of crypto I have in there right now. For a hot wallet that's always online, they appear to be doing a good job.

 

[deucher]

I use them when I need to buy some not-so-famous coins that are not available on exchanges such as Binance. however, they are much more reliable than CEX. But there is a minus that they do not have an internal trading system and you need to use PancakeSwap or others

 

[Nomad]

Self custody wallets like meta mask and trust wallets are safe, all you need to do is secure with a strong keys and also keep your seed words safe.