10 Best Ways To Keep Your Cryptocurrencies Safe In 2019 - page 2.

Garry_1

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Quote from: demenBTC on February 14, 2019, 07:35:26 AM

Quote from: Garry_1 on February 14, 2019, 04:46:02 AM

Bitcoin and cryptocurrencies have earned a reputation to be prone to scammers and hacks. Right from big exchanges hacks that have resulted in hundreds of millions of dollars worth of crypto being lost to Twitter impersonating scammers trying to lure new investors to send them their tokens with the expectation of getting more, there have been many instances that justify the popular belief that it is unsafe to keep your tokens online. Since there is no middle party like a bank to guarantee the security, users must learn how to secure Bitcoin and other crypto tokens.

To understand the security of a cryptocurrency, we need to understand how the ownership works.

Read here to know in detail: https://coinswitch.co/news/10-best-ways-to-keep-your-cryptocurrencies-safe-in-2019

I only agree and believe that storing the safest coins is only on hardware wallets, now it is very prone to save in an online wallet because it is still directly related to computer activity, viruses can come suddenly without us knowing it so that all private keys have been hacked without realizing it I have experienced this incident

I noticed that in recent times, even wallets there were previously made for just one coin has now been modified to accommodate others as well, one prime example of such is the Blockchain wallet, they started with bitcoin, now they accept Bitcoin Cash, Ethereum and even Stellar.

fasdorcas

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Quote from: tamango on February 14, 2019, 05:33:27 AM

Security is very important and hackers are always ready to steal our coins that's why I use only hardware wallet to protect and store my coins. I use exchanges only to buy and then instantly withdraw to my hardware wallet... in that way I never had a problem.

That is right. Without security, the prospect of your investment in any of the asset could be blur.
I believe that mindset is the best thing one can have to keep the investment secure. If one knows about the possible threat that could take place in future and destroy his investment in a particular coin, he would never invest there.

For example, if you invest in Bitcoin, you are not as vulnerable to a hack as someone who invest in a token issued by any company.

killerfrost

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Quote from: bgpsq on February 14, 2019, 08:16:01 AM

Cryptocurrencies are much safer than banks. Remember in2008 during financial crisis when bankers waited in queues to get money from the bank to kkep their money safe? In cruptocurencies you just need to understand technology and dont get scamed.

No, the bank is still safer than cryptocurrency after all. You won't have to worry too much if you send money to the bank, you only lose money when the global economic crisis happens and it's very hard to happen in this era.

Lalafell

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Quote from: CryptoInsights on February 14, 2019, 06:37:19 AM

Keep private is safe (do not share your private key)
Prefer using Non-custodail exchanges like Changelly, Coinswitch etc.
Prefer platforms that do not ask for my personal documents (i.e., no KYC)
Enable 2FA
Store my funds in hardware wallet

These are few rules that I follow.

Keeping your private key to someone is the basic way to keep your cryptocurrencies safe and secure. All of my funds are in my hardware wallet which is ledger. Do not keep your funds in a exchange wallet and do not click untrusted link.

tranthiky

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I protect my cryptocurrencies by bookmarking the official website when I visit, not clicking strange links, scanning the virus once a week. I still feel safe and do not lose any token or coins.

ucok456

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Securing crypto assets is very simple.
Choose the best digital wallet like MEW and store the Private Key properly, not to give it to someone else.
Avoid web pishing.
Don't choose an exchange with a bad reputation because it will potentially be a scam.

bitcoinm3ster

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My best way to keep the safe for my coins is to note all password and key at notebook and save in safe place and never believe anyone

Ucy

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Nice article. Number 2 is the most common mistake many cryptocurrency traders make

Trading on centralized exchange is dangerous. If you must trade on them, trade with small amount or amount you can afford to lose. Never put all your funds on a centralized exchange no matter how attractive it may be.
Decentralized exchanges are safe alternative to centralized exchange.

cabron

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In cryptosphere, hacking and phishing are somehow common news already and most of those victims are new to wallets and not savy enough that they'd login without checking the url. privatekeys are much essential as your house keys.

Quote from: CryptoInsights on February 14, 2019, 06:37:19 AM

Keep private is safe (do not share your private key)
Prefer using Non-custodail exchanges like Changelly, Coinswitch etc.
Prefer platforms that do not ask for my personal documents (i.e., no KYC)
Enable 2FA
Store my funds in hardware wallet

These are few rules that I follow.

Wasn't there an issue about changelly where someone accused them for having no real team members and was then believed to have been owned by a Russian? I have no idea whether that was resolved by to my recollection this was the accusation about it.

esetop01tryba

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Quote from: Garry_1 on February 14, 2019, 04:46:02 AM

Bitcoin and cryptocurrencies have earned a reputation to be prone to scammers and hacks. Right from big exchanges hacks that have resulted in hundreds of millions of dollars worth of crypto being lost to Twitter impersonating scammers trying to lure new investors to send them their tokens with the expectation of getting more, there have been many instances that justify the popular belief that it is unsafe to keep your tokens online. Since there is no middle party like a bank to guarantee the security, users must learn how to secure Bitcoin and other crypto tokens.

To understand the security of a cryptocurrency, we need to understand how the ownership works.

Read here to know in detail: https://coinswitch.co/news/10-best-ways-to-keep-your-cryptocurrencies-safe-in-2019

I think the most important thing that would keep it safe to keep cryptocurrency in a cold wallet and take the time to buy that would avoid losing money. You need to buy parts, confident and not afraid that the asset that you buy will fall in price. A year or two and everything will be fine.

Adya

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there is only three ways. stop clicking every link, use google chrom browser and keep your keys on flash and paper.

jagaban

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There is no best way because all the ways of saving your cryptocurrencies also come with their risks and disadvantages. I see many people claiming that hardware wallet is best. But have you thought of the possibility of losing that wallet to theft or being robbed?

Red-Apple

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when you are using an online service and have things such as 2FA that means you are not safe because you are relying on that third party to keep your coins safe for you and they can decide to do whatever they want with your coins without your consent.
that only leaves 1 way of being safe and that is to use cold storage so that you are in full control.

baobao2000

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It definitely needs to improve the security at moment. There are so many exchanges don’t have high security standard. Many of them are easy to be hacked, might be there should be some insurance policy for the exchange, so if anything go wrong, there would be back up fund for customers to pay their loss.

eagleman

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Easiest way is to buy hardware wallet and then

Write your private key on multiple papers and keep it on places on your house that you can easily remember and you are the only one that knows it.

bgpsq

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Cryptocurrencies are much safer than banks. Remember in2008 during financial crisis when bankers waited in queues to get money from the bank to kkep their money safe? In cruptocurencies you just need to understand technology and dont get scamed.

fallensky7

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Everything breaks is not forever, so you need to make a backup. The more expensive your coins, the more willing to steal them. Therefore, the protection of the wallet is necessary. Set a strong password, encrypt the secret keys, put a good antivirus, there should be at least two purses, hot for trading and cold for storage. And you should not use public Wi-Fi networks. Protection of personal property is up to us.

kkaroul4

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Quote from: AB de Royse777 on February 14, 2019, 06:17:21 AM

Have your own wallet.
Have a multisig address
Keep you private keys and secure
I think this does not require you to be a rocket scientist. Very easy. I recommend Electrum desktop version.

That's right because keeping our asset wallets is very important and makes security tight, because from that time more hackers targeted our assets.

demenBTC

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Quote from: Garry_1 on February 14, 2019, 04:46:02 AM

Bitcoin and cryptocurrencies have earned a reputation to be prone to scammers and hacks. Right from big exchanges hacks that have resulted in hundreds of millions of dollars worth of crypto being lost to Twitter impersonating scammers trying to lure new investors to send them their tokens with the expectation of getting more, there have been many instances that justify the popular belief that it is unsafe to keep your tokens online. Since there is no middle party like a bank to guarantee the security, users must learn how to secure Bitcoin and other crypto tokens.

To understand the security of a cryptocurrency, we need to understand how the ownership works.

Read here to know in detail: https://coinswitch.co/news/10-best-ways-to-keep-your-cryptocurrencies-safe-in-2019

I only agree and believe that storing the safest coins is only on hardware wallets, now it is very prone to save in an online wallet because it is still directly related to computer activity, viruses can come suddenly without us knowing it so that all private keys have been hacked without realizing it I have experienced this incident

coin-investor

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In my case, I use a desktop version from a various wallet, I never web wallet, I don't trust it I have seen so many hacking incidents using web wallet, but still it all goes down how educated you are in securing all your coins, you are your bank.

Topic: 10 Best Ways To Keep Your Cryptocurrencies Safe In 2019 - page 2. (Read 575 times)