Digital wallet - cautionary tale

[leavesoftrees]

Foolishly I set up a digital wallet - Exodus - for some not very well performing cryptos. Unfortunately in a big clean up last year I threw out the only copy of my 12 word pass phrase and password

After a few emails with Exodus support it seems that I am stuffed.

Lessons learnt:
1). have multiple copies of your login details in multiple formats on multiple devices
2). set up an account with the wallet provider. If I had have done that they could access the wallet from their end.

and probably a few more but I havent figured it out yet

[wondering]

Thanks, leavesoftrees. Great heads up. I'm a little surprised that an account would give them access, though. But I know nothing about crypto. I do know I have an ongoing struggle with all my Passwords...I am winning, barely.

[palehorse]

Posted by leavesoftrees (here)

2). set up an account with the wallet provider. If I had have done that they could access the wallet from their end.

This sounds like a backdoor disguised as some security feature, this sort of "features" are based on user trust, I would avoid any cryptocurrency that has it as a built-in mechanism, isn't safe at all.

Here is how I had done the time I was active into cryptocurrency: beside my thumb drivers I also had a notebook (paper) with all my seeds (the magical words) written by hand, so even if my computer goes completely damaged I still have access to my crypto from any other computer.

Paper Wallet is your best friend.

[Kirstenwilliamson23]

I guess you just have to be extra careful next time. With the rising popularity of cryptocurrencies, having a reliable crypto wallet is essential for managing and safeguarding your investments. Whether you prefer hardware wallets for maximum security or mobile wallets for convenience, there are options to suit every need.

[jonasdouglas]

Absolutely, you hit the nail on the head. With the crypto landscape evolving rapidly, ensuring the security of our investments is paramount. Whether it's opting for hardware wallets for that added layer of security or leveraging mobile wallets for ease of access, having a reliable crypto wallet is non-negotiable. It's all about staying vigilant and adapting to the ever-changing digital terrain.

[Kirstenwilliamson23]

Exactly, you've captured the essence of navigating the crypto landscape with security at the forefront. When it comes to integrating crypto into realms like online casinos, trust and reliability in our digital wallets become even more crucial. Whether safeguarding assets with hardware wallets or enjoying the convenience of mobile wallets for seamless transactions, choosing the right platform ensures a smooth and secure experience.

[Bill Ryan]

Posted by leavesoftrees (here)
Unfortunately in a big clean up last year I threw out the only copy of my 12 word pass phrase and password

So sorry this happened! But I have one or two tech suggestions, which of course might be dumb ones. (If so, forgive me!)

• If you were accessing your account on a computer, there may well be ways of retrieving your pass phrase and password. They'd be in your system somewhere. (But if you were using a phone, I'm afraid I have no ideas to offer.)
• If you were using a computer, most browsers have fairly easy access to stored usernames and passwords in their preferences.
• If you were using a computer and somehow that data got deleted, then if you'd previously backed it all up (e.g. using 'Time Machine' on a Mac) it would all be similarly retrievable.

But like some other readers here I know almost nothing about crypto accounts, so it may well be that none of this is useful at all.

[jonasdouglas]

Posted by Kirstenwilliamson23 (here)
Exactly, you've captured the essence of navigating the crypto landscape with security at the forefront. When it comes to integrating crypto into realms like online casinos, trust and reliability in our digital wallets become even more crucial. Whether safeguarding assets with hardware wallets or enjoying the convenience of mobile wallets for seamless transactions, choosing the right platform ensures a smooth and secure experience.

Right! It really needs to be safe, I have been using my crypto wallet in playing and there's no greater feeling than knowing that your crypto wallet is safe in certain online casino websites.

Speaking of online casinos, platforms like QWERTYLABS offer essential services tailored to enhance security and efficiency in this digital realm. Their expertise in providing solutions for online casinos ensures a smooth and secure experience for both operators and players. You can explore more about their services here: https://qwertylabs.io/services/ . It's all about making informed choices to safeguard your assets and enjoy a trustworthy gaming experience online.

[Losus4]

Any idea how much your investment would be worth leavesontrees? Not much I hope.

I've slowly learned to value the concept of digital minimalism, which makes having multiple backups a lot easier. For example, there was once a time where my digital archive was around 70gb... of music, movies, games and software I might use. But backing up 70gb of data took hours, if not the whole day, which meant I'd only backup once every 6 months or so. I've since stripped all redundant data away. Songs I don't like I delete. Movies I've watched I delete and so on. I treat it like physical clutter. My entire digitial archive is now down to around 5gb, which takes about 5 minutes to backup once a week. My entire digital presence can be put on a USB pen in the time it takes to make a cup of tea. I never worry about data loss this way.

[leavesoftrees]

Posted by Bill Ryan (here)

Posted by leavesoftrees (here)
Unfortunately in a big clean up last year I threw out the only copy of my 12 word pass phrase and password

So sorry this happened! But I have one or two tech suggestions, which of course might be dumb ones. (If so, forgive me!)

• If you were accessing your account on a computer, there may well be ways of retrieving your pass phrase and password. They'd be in your system somewhere. (But if you were using a phone, I'm afraid I have no ideas to offer.)
• If you were using a computer, most browsers have fairly easy access to stored usernames and passwords in their preferences.
• If you were using a computer and somehow that data got deleted, then if you'd previously backed it all up (e.g. using 'Time Machine' on a Mac) it would all be similarly retrievable.

But like some other readers here I know almost nothing about crypto accounts, so it may well be that none of this is useful at all.

Yes the digital wallet is on my computer. Unfortunately I am a bit lazy with backups so I dont think that's an option. it's not a huge sum of money ;.;.;. a few hundred dollars

[leavesoftrees]

Posted by Losus4 (here)
Any idea how much your investment would be worth leavesontrees? Not much I hope.

I've slowly learned to value the concept of digital minimalism, which makes having multiple backups a lot easier. For example, there was once a time where my digital archive was around 70gb... of music, movies, games and software I might use. But backing up 70gb of data took hours, if not the whole day, which meant I'd only backup once every 6 months or so. I've since stripped all redundant data away. Songs I don't like I delete. Movies I've watched I delete and so on. I treat it like physical clutter. My entire digitial archive is now down to around 5gb, which takes about 5 minutes to backup once a week. My entire digital presence can be put on a USB pen in the time it takes to make a cup of tea. I never worry about data loss this way.

It was only a few 100 dollars so not too bad. I posted this to warn people if you have big sums in your wallet to keep your passwords secure
sounds a big job to get rid of 65g of data. Have so many email, photos to wade through