Best practices to prevent hackers from stealing our crypto assets - page 2.

Bobrox

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Quote from: Silberman on March 12, 2023, 11:53:34 PM

Hardware wallets are not really that expensive, a Trezor One costs 69 dollars and if you are patient you could get one even cheaper when there is a discount, and while I understand that there are places in which 69 dollars can be a lot of money, if you are holding some altcoins and they skyrocket at that moment you could easily afford a hardware wallet and diminish significantly the chances of being hacked and losing your coins to them.

For beginner $69 seems expensive but according with how secure when holding or saving assets there, I think secure or not our assets is not depending where are saving place but how take it keep safe with trusted website access. During saving cryptocurrencies assets in trustwallet, metamask or any other dapp wallet keep secure when you have other back up wallet using for transaction or swap on dapp exchange.

Many people hold their assets between trustwallet or exchange wallet but never access with risk and unknow website for swapping their coins and right now keep safety without any hacked.

fvb

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Quote from: raidarksword on March 11, 2023, 01:38:45 AM

Never connect wallets irresponsibly on any site which is the common error of anybody and always check the legitimacy of the sites as well. In joining airdrop or any testnet program, always use new wallets just to stay safe and prevent hacks in the future. As always hardware wallets are the best guard of our wallets, though it costs a lot but it will surely secure our assets.

Of course, this is an axiom. Use new wallets for testnets and different airdrops where you need to connect to different sites. I myself use several wallets for this.

Silberman

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Quote from: raidarksword on March 11, 2023, 01:38:45 AM

Never connect wallets irresponsibly on any site which is the common error of anybody and always check the legitimacy of the sites as well. In joining airdrop or any testnet program, always use new wallets just to stay safe and prevent hacks in the future. As always hardware wallets are the best guard of our wallets, though it costs a lot but it will surely secure our assets.

Hardware wallets are not really that expensive, a Trezor One costs 69 dollars and if you are patient you could get one even cheaper when there is a discount, and while I understand that there are places in which 69 dollars can be a lot of money, if you are holding some altcoins and they skyrocket at that moment you could easily afford a hardware wallet and diminish significantly the chances of being hacked and losing your coins to them.

raidarksword

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Never connect wallets irresponsibly on any site which is the common error of anybody and always check the legitimacy of the sites as well. In joining airdrop or any testnet program, always use new wallets just to stay safe and prevent hacks in the future. As always hardware wallets are the best guard of our wallets, though it costs a lot but it will surely secure our assets.

Luffygroove

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Ton Together | Save Smart & Win Big

There are some wonderful tips that you've been share to us. If I may add it, Here are a few additional tips to consider for protecting your cryptocurrency assets:

1. Be cautious with public Wi-Fi: When you connect to a public Wi-Fi network, there's a risk that other people on the same network can intercept your internet traffic and potentially steal your sensitive information, including your cryptocurrency wallet credentials. Therefore, it's generally best to avoid using public Wi-Fi when accessing your cryptocurrency accounts or wallets.
2. Use a VPN: If you do need to use public Wi-Fi or any other untrusted network, consider using a virtual private network (VPN) to encrypt your internet traffic and protect your privacy. A VPN creates a secure and encrypted tunnel between your device and the VPN server, which can help prevent others from intercepting your data.
3. Diversify your holdings: It's generally a good idea to diversify your cryptocurrency holdings across multiple wallets or exchanges, rather than keeping all your eggs in one basket. This can help mitigate the risk of losing all your funds in case of a hack or other security incident.

Kelvinid

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Quote from: ?? on ??

I have something to add.

If you want to use a password manager to keep track of different strong password you have then be careful in choosing password manager that you will use.

If that is not what you do then you shouldn't use password manager as some of it are hiding in plain sight and and it steal all the password you save in the oassword manager.

If we are not sure about the credibility of the site, we'd rather keep it at ease because for me 12 words are enough to secure our wallet, not unless we are careless enough. Because I know that hackers will always find a way to track and steal your money despite the long passwords you have, not by cracking it but in some other ways.

I would say that there is nothing that would guarantee 100% safe in crypto wallets but we can at least secure it by simply being careful on accessing sites and email links.

ichsan ardi

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2. Hardware wallet

I agree with this now there are still a lot of pishing wallet link hacks. I agree that using our hard wallet assets is definitely safer, especially when we store large amounts of coins and make long-term investments.
if you want to buy a hard wallet, make sure you buy it at an official store, not through 2nd and 3rd parties so that our hard wallet is safe. Stay Safe

Silberman

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Quote from: Dragonfund on March 05, 2023, 05:03:41 PM

In addition, don't connect your wallet to untrusted websites that are not safe, you could be entertaining your money with scammers with that kind of websites and when they allow you communicate with a smart contract that is designed to trap you, you are going to lose all you have in your wallet, don't forget to stay way from airdrops, there are some airdrops that sometimes done on purpose to make you think they are giving you free token but if you check those airdrop, they are trap that once you try to swap them, they will sweep your wallet with nothing left, stay safe.

Lately this kind of attack has become more common and people need to become extremely cautious, if you are not participating in an airdrop and then you suddenly find some unknown coins in your address then you need to become very suspicious about those tokens and never touch them, because the moment you do so that is the moment your coins will be stolen, and as we know once our coins are outside of an address we control there is no way to recover them.

Dragonfund

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In addition, don't connect your wallet to untrusted websites that are not safe, you could be entertaining your money with scammers with that kind of websites and when they allow you communicate with a smart contract that is designed to trap you, you are going to lose all you have in your wallet, don't forget to stay way from airdrops, there are some airdrops that sometimes done on purpose to make you think they are giving you free token but if you check those airdrop, they are trap that once you try to swap them, they will sweep your wallet with nothing left, stay safe.

Ziskinberg

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Quote from: Luffygroove on March 04, 2023, 10:39:01 PM

These are all great tips for protecting your cryptocurrency assets! It's important to keep your seed phrase safe and secure, especially offline, as this is what you use to access your crypto assets in your wallet. A hardware wallet is also a great option for holding large amounts of cryptocurrency. Two-factor authentication, using a strong password and regularly updating your software are also important security measures to take. Finally, it's crucial to use a reputable exchange with robust security measures in place.

2FA seems the best option for those who can't afford hardware wallets. But this is not just like that, we are also carefully dealing with unsolicited emails, especially if it contains a link that will redirect you to access your wallet as this is probably a trick leading to hacking your account.
The most thing we can do is to be more careful in accessing our wallets and using our personal internet and the computer will help to protect us more from any possible hacking incidents.

Deddyhoku

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All of this is a good practice to secure any of your online account actually

GreatArkansas

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Quote from: crzy on March 02, 2023, 04:13:06 PM

Quote from: mdzahed134 on February 28, 2023, 06:59:00 PM

I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

I’m using both 2FA app and I can say it both works to me.
Well, having this might not fully secure your wallet but at least you’re doing your part to use every available option to prevent from getting hack. Protecting your keys is very important, this is the most crucial part of securing your wallet. CEX is not safe even if its the top exchange, for your holdings go for a hard wallet instead.

This 2-factor authentication software for me is really a centralized thing because most of the centralized platforms are using this as an additional security on top of their security, I am not against it.
But if you really are in a decentralized platform like using a cryptocurrency that is a non-custodial wallet, you really don't need these, you only need to secure your private keys and you must store them somewhere centralized or even in online storage.

Luffygroove

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These are all great tips for protecting your cryptocurrency assets! It's important to keep your seed phrase safe and secure, especially offline, as this is what you use to access your crypto assets in your wallet. A hardware wallet is also a great option for holding large amounts of cryptocurrency. Two-factor authentication, using a strong password and regularly updating your software are also important security measures to take. Finally, it's crucial to use a reputable exchange with robust security measures in place.

Silberman

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Quote from: crzy on March 02, 2023, 04:13:06 PM

Quote from: mdzahed134 on February 28, 2023, 06:59:00 PM

I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

I’m using both 2FA app and I can say it both works to me.
Well, having this might not fully secure your wallet but at least you’re doing your part to use every available option to prevent from getting hack. Protecting your keys is very important, this is the most crucial part of securing your wallet. CEX is not safe even if its the top exchange, for your holdings go for a hard wallet instead.

Hackers are too resourceful and some users my think that taking extra precautions is not worth their time but it is worth it, as an example if there are two houses but one has its door open already and the other has their door closed which one do you think a thief will pick to rob? The one with the open door, so even if 2FA is not foolproof, it adds another layer of security to your accounts and many hackers will probably not bother to hack you as there are many other potential victims out there which are easier to fool and hack.

crzy

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Quote from: mdzahed134 on February 28, 2023, 06:59:00 PM

I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

I’m using both 2FA app and I can say it both works to me.
Well, having this might not fully secure your wallet but at least you’re doing your part to use every available option to prevent from getting hack. Protecting your keys is very important, this is the most crucial part of securing your wallet. CEX is not safe even if its the top exchange, for your holdings go for a hard wallet instead.

justdimin

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Quote from: Pierre 2 on March 01, 2023, 01:09:07 AM

Even if there are many methods to avoid harmful attempts your funds/wallets there is no better way that can beat hardware wallets. When you write its seed to paper and put to secure place it just never leaks online.
For exchange side, best method is to never deposit coins there. Exchanges are there to trade (buy/sell) not to use as crypto wallets. I know earn sections are very mouth watering sometimes but there's no better way other than avoiding to hold your coins there.

I would disagree with this, and been disagreeing with it for a long time as well. I keep saying that people were not to be trusted, you are suggesting hardware wallet, but you are downplaying how stupid regular people are, sure you may not be, or maybe I am not, but there are so many idiots out there in the whole world, there are really a ton of people who are too stupid to have their own hardware wallets and I would not suggest that.

At least if they put it on a trusted exchange, the exchange will keep it safe for them, and that would be a lot better for their funds safety. Otherwise, I know people who got their hardware wallets stolen, and "asked for help" by putting their phrases online as a clue to figure out where it is, no moron like that should own a hardware wallet.

Silberman

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Quote from: Pierre 2 on March 01, 2023, 01:09:07 AM

Even if there are many methods to avoid harmful attempts your funds/wallets there is no better way that can beat hardware wallets. When you write its seed to paper and put to secure place it just never leaks online.
For exchange side, best method is to never deposit coins there. Exchanges are there to trade (buy/sell) not to use as crypto wallets. I know earn sections are very mouth watering sometimes but there's no better way other than avoiding to hold your coins there.

Exchanges do a good job at tempting people with the offers they give to their customers, but people should never forget why they are holding cryptocurrencies to begin with, and that is to have complete control over their capital, the moment you give up your control then it does not matter what cryptocurrency you bought you are back to the fiat system, and this is not what we want, unfortunately there are many investors which are here only for the money they can potentially make and it is easy to convince them to go against the principles which created this market.

Pierre 2

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Even if there are many methods to avoid harmful attempts your funds/wallets there is no better way that can beat hardware wallets. When you write its seed to paper and put to secure place it just never leaks online.
For exchange side, best method is to never deposit coins there. Exchanges are there to trade (buy/sell) not to use as crypto wallets. I know earn sections are very mouth watering sometimes but there's no better way other than avoiding to hold your coins there.

mdzahed134

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I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

beerlover

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Quote from: swogerino on February 26, 2023, 05:17:20 PM

I think that the point of educating yourself includes all other points.From all the books I have read on Cybersecurity from many vendors that offers a lot of training I have been able to spot one thing which is,user education and training is the most important part in any job a user perform and I am making for a second time the analogy here to emphasize how important it is education when it comes to digital assets like our cryptocurrencies are.I agree on everything and I would add to the list a point which is to use secure operating systems like Linux,while this alone won't help people who do not know what they are doing,it will drastically improve the security posture to people who know what they are doing.

That's basically the key point to every safety and every software. I just saw an instagram reel where a father makes a joke to his son, the "recipe" for peanut butter sandwich says "put the knife in the peanut butter" and he just puts it in directly, simply throws it in, not like trying to scoop some up or something, literally just puts it in as a whole.

Now we all know that is not true, but the instruction said "put the knife in" and he did. If users are terrible at security and safety, no matter what type of instructions and what type of tools you provide for them, they will fail to protect their funds. So we need to make sure that we know how to properly do it.

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