jambutty

Although you can still use Internet Explorer 6 it is best to use 7 or 8 or Firefox.

Get yourself a Password Manager like RoboForm from http://www.roboform.com/ for the trial version. But the Pro version only costs $29.95 as a one off fee with free upgrades for life. It is worth every single penny. The trial version only holds 10 passwords but 10 are better than none at all.

RoboForm has a password generator so you can use that to generate your passwords.

If your browser ever pops up asking if you want it to save your passwords etc. tell it no. It is not as secure as some people think. However I have not heard any bad reports about Firefox but if you have RoboForm then let RoboForm do all the work.

Now get yourself a new email account and do not use it for anything else except possibly other payment processors except for Alert Pay, PayPal and those that use your email address as an account ID.

https://www.google.com/ is probably the most secure.
Yahoo is also quite secure.

Do not use a user name of a real word like your own name. Use 6 or 8 random characters like fnsprj so that your eventual email address will be something like fnsprj@google.com This will defeat spammers for longer than an email address with a real name or real word as the user name.

Your password for your new email account needs to be made up of at least 8 random characters.

MAKE A NOTE OF YOUR USER NAME AND PASSWORD.

If you haven’t got RoboForm the best place is to use a word processor like Word or if you haven’t got one you can use Notepad or Wordpad that comes with the Windows Operating System.

Why a brand new email address that is not used anywhere else? LR can only send you emails to that address that it knows about so if you get an email claiming to come from LR and it doesn’t come to your new and unique email address, you will KNOW RIGHT AWAY that it did not come from LR, no matter how genuine it may appear to be.

Go to https://www.libertyreserve.com/ bookmark it and click on Create Account.
Complete all the required details.

You get the option of naming your LR account. DO NOT USE YOUR REAL NAME.

The reason being that it is possible for anyone to get basic information about your account if the number is known and that information will then include your real name.

For example:
U1234567 (Mickey Mouse)

Once a hacker has your real name he can then send you emails that start with:

Quote:

============================================ Please note that in all e-mails from Liberty Reserve we will: Always address you by your first name. Never send you any links or attached files. Never ask you to send us your password and/or login PIN. ============================================ Dear Mickey,

This could indicate, to the unwary, that it is a genuine email from LR.

You will be asked to select a Security Question. There is a list of suggestions that includes “Custom Question”. Select that and use a few random characters as your question and a different set of random characters for the answer. Real questions and answers can be guessed. I’d like to see someone guess 8 random characters.

You will be shown your password, PIN and Master Key. Make a careful note of them as well as all the other details above. To avoid mistakes the best way is to copy and paste from your screen. I can’t remember if you are also shown your LR account number or it comes in an email.

Log into your account with your account number and password. You will be shown a page that displays your “Personal welcome message”. Click on the box and Continue.

Step3 will have a link to input your Login PIN. You can only use the virtual keypad.

On the next page click on Settings. If you have a static IP address leave the default settings as they are. If you do not have a static IP then untick IP Security. If you are not sure untick IP Security anyway. You can always change it later when you find out what type of IP address you have.

You have to input your Master Key using the virtual keypad.

On the same page you can change your password to one of your choice as well as your PIN and Master Key. But do so in this order.
Password first, then log out and log back in with your new password. That checks to see that you have got it right. If you haven’t then you can always go down the “Recover Password” routine. Don’t forget to make a note of your new password, PIN and Master Key as you change them.

Now change your PIN. Log out and log in again to test your new PIN.

Finally change your Master Key. Log out and log back in to test your new Master Key.

Why all this palaver? You may have something nasty on your computer that can see what you see on your screen and you will not know about it, so if you have someone out there will know your password, PIN and Master Key that was issued to you. That palaver nullifies that possibility.

Your password, PIN and Master Key are all extremely important but without the Master Key you cannot make any changes to your account and certainly will not be able to make any payments, so guard them well especially the Master Key.

I appreciate that an 8 or 10 random character password can be awkward when using the virtual keyboard whilst logging in, but if you have made a note of it in Notepad or Wordpad or a word processor, you can copy and paste it into place. Or if you have got RoboForm then you use that.

You can have as many LR accounts that you want, but each one has to have a different email address. You cannot change your email address except by contacting LR. This is where your secret question and answer comes into play.

Finally you can download and install “Liberty Guard”. This will tell you if you ever get to a fake LR web site. But you don’t need to do it right away. Get used to using LR first.

From now on never access LR except from your bookmarked URL in your Favourites list or use this https://www.libertyreserve.com/

Each email from LR will start with this:
============================================
Please note that in all e-mails from Liberty Reserve we will:
Always address you by your first name.
Never send you any links or attached files.
Never ask you to send us your password and/or login PIN.
============================================

And address you by your first name.

Update

You can no longer use IE6 to log into your LR account. It has to be IE7 or Firefox or Opera and maybe some other new browsers.

t2t

Very wonderful! This is the simple to understand tutorial i have read for some time now. Every newbies and those yet to open liberty reserve will find this useful. Thank you every much. And in future when i want to write on my blog on how to open a liberty reserve and not fall to hackers i will direct them to this link. Thank you again.

bigearners

@jambutty
thanks for providing such neccessary tips for opening new LR account.I think these tips helps newbie as well as old member of LR account holders very much.
I hope for getting such type of beneficial information in future too.
Even roboform is much costly for me, May i use word processor like notepad or wordpad in place of that. but how can we generate new password in that case from word processor as compared to Roboform.
one more thing, i want to ask that Is liberty guard neccessary while LR website.If i bookmarked their web address, then i think their is no need for Liberty guard.

betsybee

I am not jambutty but I will answer
LIBERTYGUARD IS ABSOLUTELY NECESSARY to have installed on your computer.
Libertyguard will warn you if you are on a "Phishing" or false site. It has nothing to do with your bookmarks and EVERYTHING to do with protecting you from "Phishing" and "look alike" LR sites. It is another layer of security protection that NO ONE should be without.

jambutty

Much obliged betsybee but can I just add an answer to bigearner’s question of passwords.

To generate a random character password paste a lump of text from anywhere into your text editor. Then delete characters until you have 10 left. Add a couple of numbers somewhere in it. This will defeat a keylogger if you have one on your computer.

However RoboForm is free with restrictions, which is mainly it can only hold 10 passwords. But 10 are better than nothing and it does have a random character generator. So go and get it.

chuna1985

This is good information, i have an account with liberty reserve right now. They are very secure payment processor, i've downloaded their protection software to my computer using firefox browser. The thing i want to ask is what is the 10 passwords you are talking about mean.

luke1

Any idea how to be able to pick the Liberty Reserve account number that we desire?? For example I want U0123467, like 7 number consecutively..

jambutty

You cannot pick your own number.

In fact numbers are issued at random. So someone could have got U9999999 3 years ago and someone could have got U0000001 today.

Forumtech

That's what i have thought about the number. I realized later, that it was giving at a random and that's when i started seeing other ones. But, what i don't understand is, what happens to abandoned account number.