Topic: Best practices to prevent hackers from stealing our crypto assets (Read 685 times)

Most of the solutions being proposed requires that the person in question does something in order to increase the security of their coins, and while it is easy to think that an investor or trader will be highly motivated to protect their coins, the opposite scenario is what we find all the time, traders do not want to invest a single second of their time to try to improve the security of the coins they already have, instead they only care about the coins they could get in the future, meaning that the security of their coins never occupies an important place on their minds until they get  hacked and lose whatever coins they had on their wallets.

I think the best way to prevent our wallet from being stolen is to better understand how these hackers work, the most common thing that happens is phishing sites, the way to avoid phishing sites is not to carelessly click on links or install suspicious applications, usually sent via email or direct messages to us

Sadly enough probably over 90% of the people that use crypto won't do any of these best practices.  Anyone ever try to figure out how much crypto sits on exchanges.  People use them as their wallets and you can't even explain to them why that is the dumbest thing they can do.

The best website that I found to get ideas on how to store bitcoins safely is the Glacier Protocol.

https://glacierprotocol.org/docs/overview/

And it is because of this that we must never access those websites by following a link in an email or even by using a search engine, we need to either write the address by ourselves or use a bookmark, this way you know the chances of using one of those phishing websites will become really low and you will not have to worry about your coins being stolen that way, still despite how simple it is to follow this advice I do not think the majority of the people will do it.

For Caution when dealing with emails and links in the context of crypto security I feel It is important to know together because many fake websites appear in search engines and can be malware causing harm to the user's computer or device.

The rationale for this warning is that phishing attacks often use this medium to trick individuals into providing sensitive information, credentials, and private keys. Cyber criminals will often send emails or create fake websites that appear to come from a reputable source, such as a crypto exchange or wallet provider.

This can lead unsuspecting individuals to believe they are interacting with a legitimate website when in reality they are being duped into providing their personal information. As a result, individuals should use caution when clicking on links or opening emails and should verify the authenticity of websites or sources before providing any sensitive information.

It is true that anyone as long as they take the right steps can protect themselves to a high degree from most attacks, but many people are not used to be that careful when it comes to their digital lives, and what better example than their smartphones, I am always surprised by the apps people install on their phones as they are willing to install apps which have almost no users and give them all kind of dangerous permissions, and someone that is used to do this will eventually find a malicious app and lose their coins without even realizing how this happened on the first place.

As long as we are not careless I believe we can protect our data from hackers, I once experience number 7 when I open an email and click the link because I was too careless that day, I logged into my account and not checked the URL of the website that its a fake website, after few minutes my wallet balance move to other balance lucky that I quick to response that so I'm not losing all my balance that day.

Just read a post about wallet hacking here on the forum. Good and useful tips from the creator of this topic. And apparently the user who wrote about hacking neglected these simple tips. As the saying goes, be careful

Hackers are everywhere, what happened is that on the early days making a transaction online was very uncommon and people rarely revealed their identities either, so there was not much of value that it could be stolen from them, but since those days things have changed and now people store all kind of valuable information on their computers and phones, this has increased the number of targets and the rewards for hackers, and as such they have become more common than ever.

I started storing my funds in a nano ledger years ago and I could say that it's the safest thing to do. It's risky to just bind your wallets in online exchanges because the chance and possibility of getting hacked are too high. We all know that these days, phishing activities and hacking are still actively developing so as much as possible, we must secure our funds that they could never access in ways that they know. It's always better to be careful and secured all the time because hackers are just everywhere.

Not your key, not your money, because you don't have full control. saving on any centralized exchange would be very dangerous, it's better if you want to save it must be in a personal wallet that we can fully control, like the hardware wallet you suggested. But still the risk of loss will occur if the user is careless.

It's not for stealing assets rather than your carelessness. Sure, if one exchange is hacked then your other assets in different exchange is safe. But it's still doesn't avoid the fact that your assets are in danger. Because you are mentioning exchanges and if you store your money in exchanges, that means your money is at third party hands so you should be warned from that. Would rather to use hardware wallet for that if you want to negate the risk at all.

Hackers are pervasive in the space and other important economic sectors; they will breach even the strongest security measures in an effort to empty someone else's bank account for their own personal gain. We should be able to exercise complete caution while performing any task in the area. Attacks on traders' wallets are increasing as the modern era transitions into the digital era. Being a hacker in this ecosystem is dangerous, and most traders have fallen prey to market manipulation. Before accessing our secret 12 key words, our wallets require two factor authentication.

You forget to mention good antivirus/antimalware software. This is very important.

when we talk about hackers, hackers have been around for a long time, especially since the rapid development of the digital world, hacking has become increasingly common, in the crypto world it is very important to keep our seed phrase wallet safe and secure.
but in fact that is still not enough, apart from keeping our wallet safe, we must also avoid not carelessly receiving and clicking on emails or links from sources we do not know or trust, this is usually called a phishing attack

Years go this happened with the electrum wallet, in which you received an official looking message telling you to update your wallet, and together with the message a link came and if you installed the wallet from the link then your funds will be stolen, then it is key that investors keep themselves updated about the hacks and scam methods being currently used by scammers, so they avoid losing their coins when they are installing or updating their wallets.

Op mentioned that, sometimes when wallet is outdated is becomes a vulnerability to attackers, you are right, but not entirely, that's why we need to choose the wallet we plan to use for storing funds carefully, there was a case where the latest update is bad for the wallet and it opened door to vulnerability, I do not remember the wallet name anymore.

Newbies are still newbies and I think they are prone to hacking given that they don't have much idea on what they are doing or what to avoid for them not being hacked by someone. Those wallet you have mention is safer compared to those custodial wallets and there have been instances that those wallets are being hacked, Of course using strategic methods by hackers. It's a very rare scenario that someone could hack a hardware wallet this is why holders prefer using it rather than any wallets out there. A couple of dollars wallet will serve you for years and for sure you don't need one after you bought one. It's an investment for someone who is really serious in crypto. Though not an obligatory purchase.

Before even investing in cryptocurrency the very first thing to do is to know how to secure your assets because in the crypto world when your assets are exposed and unprotected people will easily take advantage and steal them from you thats why it’s very essential to know how to safeguard your assets.


There are many scams in the cryptocurrency industry, and not just beginners fall for them even experts can make a mistake and become a victim of a scam. However, I think beginners would benefit more from this post because they lack the necessary knowledge. Since almost everyone makes a few rookie mistakes that cause them to lose some or all of their assets, it is beneficial to educate newcomers with this information as they embark on their journey.


Your seed phrase is the password to your assets, and only you should have access to it. Anyone who knows your seed phrase can transfer your assets and gain access to them. To prevent hacks, it is recommended to save the seed phrase offline, away from an internet connection. Saving them offline is safer because using the internet simply exposes you to scammers.


Though paper is fragile and can be easily ripped or damaged but paper is also a secure way to keep your keys safe, so it is important to make many copies and store them in different places in case of fire or any other emergency. Writing on paper has the benefit of being easily accessible, provided you don't hide them too deeply that you may end up forgetting where they were kept.