BitShares Forum

Main => General Discussion => Topic started by: amencon on July 21, 2014, 09:07:18 pm

Title: Secure to hold a balance of BTSX on VPS wallet?
Post by: amencon on July 21, 2014, 09:07:18 pm

Hey guys, just wanted opinions on how secure it is to keep BTSX coins on a VPS like digital ocean.  I have bitsharesx software installed in a few different places and on a couple different OSes, the VPS is standard Ubuntu and not used for anything else so I assume it's relatively safe from being hacked, however how likely is it that the hosting service wipes it on accident?  Should the private key be saved offline as well in case of such an event?

Thanks.

Title: Re: Secure to hold a balance of BTSX on VPS wallet?
Post by: bytemaster on July 21, 2014, 09:08:42 pm

Quote from: amencon on July 21, 2014, 09:07:18 pm

Hey guys, just wanted opinions on how secure it is to keep BTSX coins on a VPS like digital ocean.  I have bitsharesx software installed in a few different places and on a couple different OSes, the VPS is standard Ubuntu and not used for anything else so I assume it's relatively safe from being hacked, however how likely is it that the hosting service wipes it on accident?  Should the private key be saved offline as well in case of such an event?

Thanks.

Export your wallet to a .json and save it someplace safe.   

VPS is always risky with private keys, but I doubt DO will attack it.  Just don't store a meaningful amount there.

Title: Re: Secure to hold a balance of BTSX on VPS wallet?
Post by: amencon on July 21, 2014, 09:19:20 pm

Ok great thanks I'll do that.

Title: Re: Secure to hold a balance of BTSX on VPS wallet?
Post by: xeroc on July 22, 2014, 07:11:47 am

Don't forget to also note you passphrase as privkeys are encrpyted in the json file