Topic: 2FA enabled; What does Bittrex / other exchange-sites do more to ward off hacks? (Read 354 times)
December 11, 2017, 02:20:31 PM
2FA enabled will only protect your account from people who could get access to it through email and password. Hackers in most of the time don't target accounts but they try to find exploits in the site to gain access to the wallets of the exchanges and then withdraw funds from them. A security measure that most of exchanges take now is to hold most of the funds they have offline (a hardware wallet for example) so they cannot be hacked. Of course, they will have to keep some of them online in order to process the withdrawals etc. Finally, exchanges should never be used to store funds for long term, just trade and withdraw and use wallets like Electrum, Mycelium, Trezor, etc. for storage.
December 11, 2017, 01:09:21 PM
Hello all,
Since a few months I’m buying crypto-coins at Bittrex. I’ve also enabled Two Factor Authentication.
Past week, there was this news: '$60 MILLION' Bitcoin theft: Hackers steal huge haul as value of the cryptocurrency soars to record high of $15,000'
Logging in with 2FA at Bittrex, I feel safe. But what other ways do hackers have to steal wallets?
The safest way off course is an usb- or desktop-wallet. I like it, that the Exodus-wallet gives me the opportunity for having multiple coins. But except for Litecoin, I don’t buy the other coins. (I have Stratis, Waves, Stellar Lumen, and soon also Iota.)
My question: Off course Bittrex (and other exchange-sites) has (have) a high security-level.
But ‘waterproof’ doesn’t exist.
Who can tell me; What does Bittrex -except for 2FA- to get (close) to waterproof security?
About estimating the hack-risk: I’ve reasonable PC-basic-knowledge. But things ‘under the hood’ are sometimes too technical for me.
Allready thanks for the answers.
Since a few months I’m buying crypto-coins at Bittrex. I’ve also enabled Two Factor Authentication.
Past week, there was this news: '$60 MILLION' Bitcoin theft: Hackers steal huge haul as value of the cryptocurrency soars to record high of $15,000'
Logging in with 2FA at Bittrex, I feel safe. But what other ways do hackers have to steal wallets?
The safest way off course is an usb- or desktop-wallet. I like it, that the Exodus-wallet gives me the opportunity for having multiple coins. But except for Litecoin, I don’t buy the other coins. (I have Stratis, Waves, Stellar Lumen, and soon also Iota.)
My question: Off course Bittrex (and other exchange-sites) has (have) a high security-level.
But ‘waterproof’ doesn’t exist.
Who can tell me; What does Bittrex -except for 2FA- to get (close) to waterproof security?
About estimating the hack-risk: I’ve reasonable PC-basic-knowledge. But things ‘under the hood’ are sometimes too technical for me.
Allready thanks for the answers.
Well, they simply lock everyone out of their account without any notice until you verify a dozen of passports or other ID's
-- I know that you also need to verify your email if there's activity from a new IP adress.
The security developer of bittrex has worked for Amazon, so surely they are taking care of their security, but i still personally don't 100% trust them either.
December 11, 2017, 12:39:22 PM
Hello all,
Since a few months I’m buying crypto-coins at Bittrex. I’ve also enabled Two Factor Authentication.
Past week, there was this news: '$60 MILLION' Bitcoin theft: Hackers steal huge haul as value of the cryptocurrency soars to record high of $15,000'
Logging in with 2FA at Bittrex, I feel safe. But what other ways do hackers have to steal wallets?
The safest way off course is an usb- or desktop-wallet. I like it, that the Exodus-wallet gives me the opportunity for having multiple coins. But except for Litecoin, I don’t buy the other coins. (I have Stratis, Waves, Stellar Lumen, and soon also Iota.)
My question: Off course Bittrex (and other exchange-sites) has (have) a high security-level.
But ‘waterproof’ doesn’t exist.
Who can tell me; What does Bittrex -except for 2FA- to get (close) to waterproof security?
About estimating the hack-risk: I’ve reasonable PC-basic-knowledge. But things ‘under the hood’ are sometimes too technical for me.
Allready thanks for the answers.
Since a few months I’m buying crypto-coins at Bittrex. I’ve also enabled Two Factor Authentication.
Past week, there was this news: '$60 MILLION' Bitcoin theft: Hackers steal huge haul as value of the cryptocurrency soars to record high of $15,000'
Logging in with 2FA at Bittrex, I feel safe. But what other ways do hackers have to steal wallets?
The safest way off course is an usb- or desktop-wallet. I like it, that the Exodus-wallet gives me the opportunity for having multiple coins. But except for Litecoin, I don’t buy the other coins. (I have Stratis, Waves, Stellar Lumen, and soon also Iota.)
My question: Off course Bittrex (and other exchange-sites) has (have) a high security-level.
But ‘waterproof’ doesn’t exist.
Who can tell me; What does Bittrex -except for 2FA- to get (close) to waterproof security?
About estimating the hack-risk: I’ve reasonable PC-basic-knowledge. But things ‘under the hood’ are sometimes too technical for me.
Allready thanks for the answers.
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