A lot of hacks, whats the solution? - page 14.

tungaqhd

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Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

Remember that even banks can be hacked/ stolen so we cannot make sure that cryptocurrency is not hackable. You should use hardware wallet because it is much safer than online wallet.
But the developers are working every day to make the system safer and work better.

SezerC

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As i can see the easiest way to protect yourself against losing your crypto currency is to purchase a hardware wallet. There is nothing simpler. You spend one time about an amount and do not worry about the fact that something will happen to you.

BitBite5

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Activity: 210

Merit: 40

You can't avoid the risk completely but you can minimize it.
Avoid web wallets and don't keep your coins at exchanges. Also use more different types of wallets and don't keep all your coins in just one wallet. Use updated antivuris tools on your computer and mobile phones if you use them to access your wallet.

rosyantony

newbie

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You just follow the 3 Ways to Protect Against Hackers Cool

1) Cold storage devices locked up at a secure location
2) Don't leave crypto on the exchanges for more than is necessary for trading
3)Two-factor authentication is a must

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: gladydark on July 13, 2018, 06:08:01 AM

Hackers mainly focus on exchanges, so try not to store their coins on the exchange, so that they can be relatively safe against these hacker attacks.

They target anything that is going to be a treasure chest of money and coins full. Not something that is going to be a farmers' piggybank, obviously. Exchanges have a lot of coins in store for the customers who are using the exchange and the funds of the exchange. Now it is not possible to always withdraw all you balances because trading goes on with new orders being placed and new more deposits coming in. People who do arbitrage again has to have funds ready to deploy.

For the long term though one should try to keep a decent amount withdrawn away to local wallets and not keep them on exchanges.

monster2

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Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.
2. Don't store your funds in exchange for a long period of time. Deposit, trade instantly and withdraw.

I think this is also the right decision so you can not hack your wallet or bitcoin with the correct advice raised by the lifting
we must follow the correct statement
to avoid hacking accounts.

Jamescur

newbie

Activity: 98

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My strategy is not to put cryptocurrencies in the exchange's wallet!
Put the cryptocurrency in your local wallet and wait until you need to trade to go to the exchange's wallet!

Yaunfitda

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Hardware and paper wallets is a good choice and then its your responsibility to protect your private keys and we all know that there's a lot phishing sites so bookmark the legit and don't enter it because you might end up on a fake site.

I also agree that DEX is not the solutions, because hackers will always be there at our back looking for that perfect time to exploit and steal our funds. We might be clamouring for exchanges to be very vigilant of any suspicious activity on their front and back end and make the necessary adjustment in cases of a potential hack (like suspending withdrawals).

crycur

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Quote from: Unknown Artist on July 13, 2018, 06:42:04 AM

The easiest way to protect yourself against losing your crypto currency is to purchase a hardware wallet. There is nothing easier. You spend one time about $ 100 and do not worry about the fact that something will happen to your assets. You are not even afraid of viruses and trojans on your computer.

What if it corrupts or you lose it?

budismile

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Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

It's true, I've seen a lot news about hacking and this has unsettled Bitcoin and other crypto users. the solution is to minimize the possibility of Bitcoin gap, but this becomes a very difficult homework, tentuntya will involve experts.
Dex (Decentralized Exchange) is a decentralized currency exchange that does not involve third party services, in this way dex is able to reduce the hackers gap.
Dex may be one solution to avoid hackers, but this system must be quickly developed again so as not to give a bit slit against Hackers.

ajuelnah akun

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Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

the safest solution to avoid the loss of hacker attacks is, keep your personal information well.
especially the personal key of your wallet.

Unknown Artist

member

Activity: 504

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The easiest way to protect yourself against losing your crypto currency is to purchase a hardware wallet. There is nothing easier. You spend one time about $ 100 and do not worry about the fact that something will happen to your assets. You are not even afraid of viruses and trojans on your computer.

Xester

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Activity: 994

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Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

We cannot really 100% avoid hacks but we can lessen the risk of being hack if we do our research. We must also understand how hacking is done so that we can avoid being hacked. If we have no knowledge on how this things works then we could bite the traps that the hackers are sending us. So I guess we must avoid suspicious links and stop clicking it also we must install anti-malware such as bitdefender so that trojan could not access our data. There are many ways and things to do what wee need is to make our research.

blockman

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Vave.com - Crypto Casino

Quote from: mk4 on July 13, 2018, 03:09:42 AM

Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.

This, and actually write down the seed on a piece of paper. I can't believe how some people actually buy hardware wallets but save their seed on a .txt/word file or their mobile phone's notes app. I can't believe how people with 6-digit portfolios be THAT careless.

They think that it's secured as long as they keep the private keys/seeds on their phone but they didn't recognized that it is still connected to internet once they access to the web.

I can't understand too why they are too lazy of writing the keys on a piece of paper and paste it to any of their books or any secured storage.

It's easy and won't take that much time and effort but they are choosing to save it on their mobile phones and txt files, this practice shouldn't be adopted by newbies.

gladydark

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Hackers mainly focus on exchanges, so try not to store their coins on the exchange, so that they can be relatively safe against these hacker attacks.

mk4

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Paldo.io 🤖

Quote from: larsbalzak on July 13, 2018, 05:54:34 AM

Quote from: mk4 on July 13, 2018, 03:09:42 AM

Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.

I can't believe how some people actually buy hardware wallets but save their seed on a .txt/word file

Why would that be risky? If there's no internet connection on a clean pc and put it into a usb-stick? One back-up and put them into a safe location.

What I was referring to are actually personal home computers and mobile phones, hence, chances are that they're connected to the internet most of the time. Also, I wouldn't hear complaints about these stuff on social media if the seeds we're actually backed up properly and securely.

larsbalzak

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Quote from: mk4 on July 13, 2018, 03:09:42 AM

Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.

I can't believe how some people actually buy hardware wallets but save their seed on a .txt/word file

Why would that be risky? If there's no internet connection on a clean pc and put it into a usb-stick? One back-up and put them into a safe location.

TheCoinGrabber

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Activity: 994

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Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.
2. Don't store your funds in exchange for a long period of time. Deposit, trade instantly and withdraw.

Agreed. If your bitcoins are not in an exchange, they can't be included in the hack. Then it's just the issue of securing your own wallet.

Quote from: mk4 on July 13, 2018, 03:09:42 AM

Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.

This, and actually write down the seed on a piece of paper. I can't believe how some people actually buy hardware wallets but save their seed on a .txt/word file or their mobile phone's notes app. I can't believe how people with 6-digit portfolios be THAT careless.

Seriously? I mean, it's probably fine if it's just a few hundreds in the wallet (maybe it's for purchases) but if it's a large amount, you can't risk it. In my early days, I made a voice recording of me reading the phrases and sent it to my own email. Never been hacked but I'm not repeating that again.

julielyn

newbie

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Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

Many really good hackers are good here to take care of your bitcoin account to protect your private key so hard for hackers to steal your bitcoin.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

when everyone starts a new exchange without spending time and money to increase its security first this is what we are left with. a terrible market with lots of shitty altcoin exchanges that get hacked left and right.
otherwise the big exchanges are rarely subjected to this kind of hacks. for example Cinbase. i don't know any cases of any major hacks or anything like it.

the solution is for them to increase their security, use cold storage,...

of course using decentralized exchanges is always favorable for users but it is not as easy unfortunately and they don't offer the same thing.

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