That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.
If it is focus on the failed transaction we could categories it as a system malfunction for bitcoin becasie it is a result brought by the blockchain error that could manipulate transactions on one to many scale. But in terms of bitcoin transaction there is always an impediment happens everyday so it is a good thing to know that Bitcoin could acquire development and could have a better form of transactions for people ti experience. 
Topic: bitcoin thieves ? - page 3. (Read 1576 times)
Exchanges are indeed prone to hacks. There is no deny to that. From Mt. Gox to Bitfinex, there are various incidents. The problem is not with the blockchain. It is more about exchange's security. That is the why it is always advisable to keep your Bitcoin in offline wallets and hold your private keys. Don't rely on exchanges for holding your Bitcoin. Never ever give your private keys to anyone or enter it into any suspicious link. Recently, a hack of that sort happened with Myetherwallet. Your security is in your hands.
There will be always exchange hacks.It's like old days of banks.They used to get robbed a lot.If I were alive in those days I wouldn't keep my money at bank.Always store big portation of your Bitcoin ( like %70 - %80 ) in your offline wallet and use the rest of it for exchanges.
Hey, i'm newbie in this industry and I've came across this article - https://fxpmarkets.blog/2017/08/29/crypto-thieves/
Is it true ?
if so - what is the best way to protect our coins?
Is it true ?
if so - what is the best way to protect our coins?
The article describes how a thief can possible hack accounts in a trading platform. And yes, its really possible for someone to steal you money in an exchange that's why its not safe to put all your funds in their. The best thing to do is not really put all your life savings in an exchange but just leave something there for your day trading purpose only. So that in a likelihood of a hack they can only take a small portion of your funds. Used a strong password, and change it frequently, 2FA I believed is not a strong as it used to be in the beginning, but it is good to still enabled them.
Every valuable thing attract thieves. In order to protect your coin, you should:
- Secure your computer.
- Keep your private keys safe and never give them to anyone.
- Verify your transactions, they are not refundable.
- Do not deal with anyone or any website not trust worthy.
- Secure your computer.
- Keep your private keys safe and never give them to anyone.
- Verify your transactions, they are not refundable.
- Do not deal with anyone or any website not trust worthy.
Hey, i'm newbie in this industry and I've came across this article - https://fxpmarkets.blog/2017/08/29/crypto-thieves/
Is it true ?
if so - what is the best way to protect our coins?
Is it true ?
if so - what is the best way to protect our coins?
Find a wallet whoch you have 100% control over your keys and secure it and that will be enough to secure your bitcoins. Remember, don't store your back up in your computer or other devices. For me, I prefer righting those in a piece of paper with atleast more than 2 copies and place it in a secure place.
These Bitcoins thieves are known as hackers. Bitcoin hackers who targets weak Bitcoin wallet addresses. And sometimes, your Bitcoin wallet address provider itself is a thief. Which is why it is important to choose wisely the Bitcoin wallet address provider you will have. Because aside from it being the gate keeper of your Bitcoins, it is also the one that can give you earning from trading it directly to them. And also, they help you transact in different ways. Example is that my wallet allows me to pay electric bills by converting my Bitcoins to peso for a certain rate.
i think they use steal their phone number and try to login in victim's account and start to send all of the bitcoin into their account, i think its not system of bitcoin weakness, but the victim is the weakness and give her email, phone number into thieves so the thieves can stole the bitcoin easly
Hey, i'm newbie in this industry and I've came across this article - https://fxpmarkets.blog/2017/08/29/crypto-thieves/
Is it true ?
if so - what is the best way to protect our coins?
My opinion is the best way to protect your coins from hacker is to stored them to cold wallet and split it into several cold wallet to prevent if something bad happen to your cold wallet. Is it true ?
if so - what is the best way to protect our coins?
Going for hardware wallet or paper wallet, or even desktop wallet. Go for high security for your wallet and remember not to show your wallet to anybody or even on the internet like Facebook, etc. And the most important thing that i've learnt, is do not trust anybody on the internet these days.
So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ?
Having a back-up do only give the access in your wallet when you do need. Like private keys or wallet.dat file. You can import it anytime if you do have these things on a certain wallet and you can access it once again this is why we should not easily give these keys or letting show on public. On the link above its just a basic stealing or hacking of your coins on an exchange wallet. This is why when we are using web wallets we should always set 2fa and dont store huge amounts on those kind of wallets.That is pretty sure the right thing to do when you are using a web wallet because it is link in the internet and hackers can surely manipulate it, bitcoin is surely secure but with the skills and level of knowledge this kind of people have they can surely manipulate anything in the world wide web and the only secure option you can do is with the private wallet with your own private key.
Thank you guys, so from your comments i guess its much safer than i thought.
That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.
Very true. I was a victim in the Cryptsy collapse almost two years ago. They defrauded most of their customers of their Bitcoins and altcoins and nothing has been recovered. Similar issues happened with MtGox and others as well.
The moral of the story is keep most of your Bitcoins and altcoins off of exchanges and preferably in offline wallets. Only put coins on an exchange for trading but keep the bulk of the coins in a safe location. Also watch the message boards for any red flags about exchanges.
Not everything you see in the internet is true but not all times, the number one move for me to check it if it is true is to find it by yourself and never trust others opinion. But in this case it is just blog that full of hearsay and there is no concrete evidence that it is do-able by any chances. Bitcoin is secure if you do the safety measures to secure it then if not you will be scam in the long run.
There's plenty of exchanges these days and you never know which one is out to make a quick buck. Those thieves might just be "you know I know!". Like most suggested, hardware wallet is supposedly the safest way. Nano S Ledger and CryptoSteel seems pretty cool to me.
Just follow the simple steps and you will be safe. Make adequate backups for your coins. Use 2FA to protect them against stealing. And always use a gmail account for the 2FA. Because it is difficult for the thieves to hack gmail accounts. And one more thing. Never store your coins in an exchange wallet.
That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.
That's right. we all need to know that while we are holding our founds on an exchanger it is actually exchanger's founds, but not ours. So, in the case that if the exchanger decides to close it's activity or if the exchanger hacked we loose everything what we counted as our money and we can't do anything about that. Online wallets can be called the same type as exchangers and logically they are not safe. But Hardware and paper wallets can give you that protection that is really needed in the world when you are surrounded by scammers.Agreed with you, there are few examples wherein people have lost their bitcoins after the exchange filed bankruptcy (Mt.Gox) . Hackers are also able to steal the coins from the online wallets. So as per me only hardware wallets are safe at the moment in order to protect the coins from the thief.
Thieves are roaming all around, with bitcoin the scammers, hackers and the trappers were the thieves in my opinion. Hackers try to hack the users account and steal out of it. Scammers just try to trap the newbies into some fraudulent investment schemes and will get their hard earnings.
So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ?
Having a back-up do only give the access in your wallet when you do need. Like private keys or wallet.dat file. You can import it anytime if you do have these things on a certain wallet and you can access it once again this is why we should not easily give these keys or letting show on public. On the link above its just a basic stealing or hacking of your coins on an exchange wallet. This is why when we are using web wallets we should always set 2fa and dont store huge amounts on those kind of wallets.That is pretty sure the right thing to do when you are using a web wallet because it is link in the internet and hackers can surely manipulate it, bitcoin is surely secure but with the skills and level of knowledge this kind of people have they can surely manipulate anything in the world wide web and the only secure option you can do is with the private wallet with your own private key.
That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.
That's right. we all need to know that while we are holding our founds on an exchanger it is actually exchanger's founds, but not ours. So, in the case that if the exchanger decides to close it's activity or if the exchanger hacked we loose everything what we counted as our money and we can't do anything about that. Online wallets can be called the same type as exchangers and logically they are not safe. But Hardware and paper wallets can give you that protection that is really needed in the world when you are surrounded by scammers. Jump to: