Topic: Bull run has started we need to be careful with our device - page 2. (Read 536 times)
Do you know that not only in bull run that we need to be extremely careful both in bear run or at all times we need to be watchful with our devices. The simple truth is that when going into bitcoin investment we should always take precautions of our devices and we should also have specific device to trade, specific device for mobility. Such as an easy going phone that could be dedicated only for calls or that can be accessible by anyone, this phone or device won't have important things that contains your private key, seedphrase, 2fa or even a logged in mail for security purposes. Those guys who came down to steal from your friend are people who seems to be long in doing that particular criminal activity.
If what the OP said then there is still a possible chance for the trader to be able to access it and need to tell the exchange about the knorology... it may take a long time to reopen the account including losing 2FA which is more difficult to reach and usually will be re-verified again.
I don't even recommend that people keep their 2fa authenticator app on the same device that they access their exchange with, so if op's authenticator app is in another device other than the stolen one, then they should be able to log into their exchange account and access their funds.Therefore... until now not keeping a lot of assets on the exchange is more risky than safe... even the exchange can open your account at any time for no apparent reason.
Hardware is much more secure... I now use this to store BTC.
Centralized exchanges can confiscate your funds at anytime, the only wallet you should use is your self custodial, open source wallet. Hardware is much more secure... I now use this to store BTC.
Bull run has started we need to be careful with our device
Keeping Bitcoin assets safe in a storage wallet by paying attention to the device used does not have to be during a bull run.
As long as we have bought Bitcoin from the beginning and stored it in a wallet, from that moment on and even before that we must first pay attention to the storage wallet that will be selected.
It is highly recommended for beginners to seriously study how to store Bitcoin properly and correctly before taking action to own Bitcoin.
Everything could be told more briefly, without various details that are of no interest to most of them.
Keep your funds in a safe place; do not use other people's Wi-Fi networks; block your gadgets; do not overload them with unnecessary applications; and be careful with the links you follow. It is best to buy yourself a hardware wallet; then there will be no need to use a mobile phone for storage.
The security of your gadgets is important not only during a bull run; I think the OP should understand this.
Yes I completely understand the whole the thing but I think giving details will tell how it goes than just saying something without how it happens, I don't think you will understand what I am passing through to the community, but with my explanation you have the basic knowledge of what I am saying so, maybe if I am to give expression next I wouldn't have to be this deep in explanation. Most times people often say especially trusted users always have this mindset of people cooking stories for merits purpose even though they meant what they are saying in context. Keep your funds in a safe place; do not use other people's Wi-Fi networks; block your gadgets; do not overload them with unnecessary applications; and be careful with the links you follow. It is best to buy yourself a hardware wallet; then there will be no need to use a mobile phone for storage.
The security of your gadgets is important not only during a bull run; I think the OP should understand this.
I was like what could be the problem or could it be that some people already gotten information about him to have come to rob him this way?
This easily speak to me that is a results of his showy lifestyles and if he is that calm or doesn't always show off about his bitcoin investment there wouldn't had been a day such incidents could had happened to him, or just imagine I came out with my phone i could have also lose my phone. The funny thing is that he doesn't leave his assets into a non custodial wallet, instead he keep saying that he preferred leaving his assets into exchange to enable him to trade when the market requires to trade or when their is a sharp buy or sell. But now, he lost everything; his phone, assets.
Snatching of a phone can be normal with nothing related been informed about his cryptocurrency activities because the phone alone is an asset, and getting his phone is not enough for them to have access to ll his exchange wallets because most of them have external securities that require face ID, or even trading password, and some of them even have 2FA.This easily speak to me that is a results of his showy lifestyles and if he is that calm or doesn't always show off about his bitcoin investment there wouldn't had been a day such incidents could had happened to him, or just imagine I came out with my phone i could have also lose my phone. The funny thing is that he doesn't leave his assets into a non custodial wallet, instead he keep saying that he preferred leaving his assets into exchange to enable him to trade when the market requires to trade or when their is a sharp buy or sell. But now, he lost everything; his phone, assets.
Meanwhile, I am not in support of an expensive lifestyle that involves showing off how well you are doing crypto, it is something digital not physical, you can have more than 10BTC and no one will know unless you tell them, showing off will exposure you to such acts that just happened as you have explained in this thread.
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What i learned from that accident is that;
- At night we should always learn to keep our important device at home.
- Always store our assets in a non custodial wallet and keep seedphrase safe from same device.
- Always use phone that we do not attached our crypto trading apps.
- Move out important assets to other wallets instead of using that same phone or personal computer, which we have only access, keep our seedphrase out from same phone we are using.
The run is here and bitcoin recent increase has spike up the space and has gain more attention than ever, so anyone who is trading or holding bitcoin should do that in a calm way without letting the next person knows about their holding. Most importantly do not always move out with your trading device be it smart phone, ipad, ipod or whatever the case maybe.
Welcome the bull run!
That's a good observation. Non-custodial wallets are safer, but some people still keep their seed phrases and private keys in their phones or emails, which is very wrong.- At night we should always learn to keep our important device at home.
- Always store our assets in a non custodial wallet and keep seedphrase safe from same device.
- Always use phone that we do not attached our crypto trading apps.
- Move out important assets to other wallets instead of using that same phone or personal computer, which we have only access, keep our seedphrase out from same phone we are using.
The run is here and bitcoin recent increase has spike up the space and has gain more attention than ever, so anyone who is trading or holding bitcoin should do that in a calm way without letting the next person knows about their holding. Most importantly do not always move out with your trading device be it smart phone, ipad, ipod or whatever the case maybe.
Welcome the bull run!
Always exercise caution, avoid associating with people you don't trust, and never trust anyone with anything related to cryptocurrency.
I'm sorry if your friend not only lost his phone, but assets on an online exchange as well. To be honest, I don't quite understand how it happened, as there's usually a fingerprint and/or passcode lock on a smartphone these days, and once your phone is stolen, you just need to get to your laptop or something like that ASAP to change all passwords, block bank accounts etc. Still, in case of Bitcoin, I do agree it's better to be careful and to store BTC in a non-custodial wallet, without accessing it from the phone in general.
That scenario is also possible because as far as I know, there are some investors who only use smartphones as their sole means, they do not use laptops or any second device. In case they don't backup their data like emails, passwords, private keys...then when they lose their smartphone, it means they will lose everything. But in this case the thief won't be able to get any data back because as you said: most of us use passwords for our phones so that no one can get our data. That guy has a chance to get his assets back if he still remembers the email because he left his crypto assets on centralized exchanges.
When storing bitcoins, use a non-custodial wallet or preferably a hardware wallet and keep 1 or 2 backup copies of seedphrase in safe places.
What i learned from that accident is that;
- At night we should always learn to keep our important device at home.
Do you think that daylight makes a difference? Have a look at what happens in London at any time, there is a massive phone theft problem going on.- At night we should always learn to keep our important device at home.
- At night we should always learn to keep our important device at home.
- Always store our assets in a non custodial wallet and keep seedphrase safe from same device.
- Always use phone that we do not attached our crypto trading apps.
- Move out important assets to other wallets instead of using that same phone or personal computer, which we have only access, keep our seedphrase out from same phone we are using.
I think that everyone should take care of their smartphones security very seriously. It's very clumsy to use another smartphone for going out, a smartphone where you don't have access to trading apps and so on, I don't advocate for such a big fear but instead it's better to improve the security of device. Of course, if we live in a dangerous area or the crime rate has increased in our territory, we shouldn't keep Bitcoins in our wallet or maybe keep what we can afford to lose.- Always store our assets in a non custodial wallet and keep seedphrase safe from same device.
- Always use phone that we do not attached our crypto trading apps.
- Move out important assets to other wallets instead of using that same phone or personal computer, which we have only access, keep our seedphrase out from same phone we are using.
I always say that the security of your assets is very individual. What's safe for some people, won't be safe for others and what's recommended for others to do, might be an extra unnecessary headache for others.
By the way, the price of Bitcoin is going so high, everyone needs to be extra careful and no one should not vaunt the fact that they hold Bitcoin. For many people, it's not safe I guess but not showing off your wealth by buying a new car or clothes, is ridiculous to my mind.
I'm sorry if your friend not only lost his phone, but assets on an online exchange as well. To be honest, I don't quite understand how it happened, as there's usually a fingerprint and/or passcode lock on a smartphone these days, and once your phone is stolen, you just need to get to your laptop or something like that ASAP to change all passwords, block bank accounts etc. Still, in case of Bitcoin, I do agree it's better to be careful and to store BTC in a non-custodial wallet, without accessing it from the phone in general.
It’s important to protect your crypto at all times, not just during a bull run. Obviously during a bull run though crypto becomes a hot topic & scam attempts are more common. Keep aware at all times, always be cautious. Do not click on or download any suspect files. Obviously make sure your coins are in self custody but it’s good practise to be extra cautious online any way. So be aware of phishing emails, stay smart.
This period, alot of bitcoiners are actually drawing attention to themselves without them being conscious of their actions. The social media space right now is filled with bitcoiners celebrating every price increase with posts and hashtags sending different signals to different people. We might have tried our best in protecting our wallets/coins from hackers, but physical theft of our devices and other belongings is still a loss to us. It is not security wise to engage in activities that will expose our identity. Security risks in bitcoin investment is not only limited to cyber theft, physical theft too is possible when people see us as potential targets.
Showing off conspicuous wealth especially if he always shows ownership of bitcoin assets is dangerous, other people can stalk you under any circumstances, when there is a chance the robber will act and stab you.
This means that there is always a saying - never put eggs in one basket - all of us know that keeping all assets in the exchange is dangerous, there is no security that can be accounted for unless you yourself bear the risk.
Keep assets in a secure hardwallet (including seedphrase).
Don't spread your wealth or coins around.
Agree with others do not use public wifi to trade.
Make sure it's all secure.
During this bullrun, there will be many crimes including on the internet or in the real world because everyone knows that the price of bitcoin is rising high.
This means that there is always a saying - never put eggs in one basket - all of us know that keeping all assets in the exchange is dangerous, there is no security that can be accounted for unless you yourself bear the risk.
Keep assets in a secure hardwallet (including seedphrase).
Don't spread your wealth or coins around.
Agree with others do not use public wifi to trade.
Make sure it's all secure.
During this bullrun, there will be many crimes including on the internet or in the real world because everyone knows that the price of bitcoin is rising high.
Everything could be told more briefly, without various details that are of no interest to most of them.
Keep your funds in a safe place; do not use other people's Wi-Fi networks; block your gadgets; do not overload them with unnecessary applications; and be careful with the links you follow. It is best to buy yourself a hardware wallet; then there will be no need to use a mobile phone for storage.
The security of your gadgets is important not only during a bull run; I think the OP should understand this.
Keep your funds in a safe place; do not use other people's Wi-Fi networks; block your gadgets; do not overload them with unnecessary applications; and be careful with the links you follow. It is best to buy yourself a hardware wallet; then there will be no need to use a mobile phone for storage.
The security of your gadgets is important not only during a bull run; I think the OP should understand this.
@OP, I think it is a full robbery, this four kids who snatched the phone of your friend are probably professional snatchers, or it is their means of living. They do not need any information about the person or its wealth if they wanted to steal something. They will just grab whatever catches their attention for profit. At least you and your friend are safe, and this experience should be a learning for everyone that as much as possible avoid using expensive cellphone when in the public places.
Aside from that, we should also be careful clicking links from the SMS messages especially when it is a message that we won something when we never even registered on the site. Be cautious and vigilant when in public places, make sure that our expensive stuff are well hidden from the prying eyes of people who have wicked intentions.
Aside from that, we should also be careful clicking links from the SMS messages especially when it is a message that we won something when we never even registered on the site. Be cautious and vigilant when in public places, make sure that our expensive stuff are well hidden from the prying eyes of people who have wicked intentions.
If your friends funds was stored in an exchange and his phone was stolen, it does not mean he would lose his coins, the phone must be protected by a password, so the thieves would not be able to access the phone without formatting it and everything on the phone will be lost in that way. Now if your friend has his email address and password to the exchange he is using, he can log in and access his funds.
Take note that storing funds in an exchange is not recommended, you have to use a self custodial wallet and have back ups of your seed phrase safely stored, in order to recover the wallet whenever you need to.
If what the OP said then there is still a possible chance for the trader to be able to access it and need to tell the exchange about the knorology... it may take a long time to reopen the account including losing 2FA which is more difficult to reach and usually will be re-verified again.Take note that storing funds in an exchange is not recommended, you have to use a self custodial wallet and have back ups of your seed phrase safely stored, in order to recover the wallet whenever you need to.
Therefore... until now not keeping a lot of assets on the exchange is more risky than safe... even the exchange can open your account at any time for no apparent reason.
Hardware is much more secure... I now use this to store BTC.
Never tell others about your Bitcoin. Don't leave your Bitcoin in your smartphone when you go out from home and leave the seed safe in a place that only you will know. Don't store your coins in an exchange and moves your coins in separate wallets which you can fully control. While you are in public area, it is better not talk about Bitcoin or how many Bitcoin you have because that can attract bad people to know for more and rob you.
This case can happens if we are not aware with the situation and want to show off to all of our friends or families. We don't know who we can trust from them so we must be careful and only tells to some people about Bitcoin but don't tells the exact amount.
If your friend keep the credential of all of his accounts, maybe he can gets his account in the exchanges.
This case can happens if we are not aware with the situation and want to show off to all of our friends or families. We don't know who we can trust from them so we must be careful and only tells to some people about Bitcoin but don't tells the exact amount.
If your friend keep the credential of all of his accounts, maybe he can gets his account in the exchanges.
I step out to meet with him where he said he was waiting for me, on the process since is late i had to go keep my phone knowing too well that is already late to use it at night, so while we moved out get all everything he needed to get from the mall, along the line we were waiting for taxi to board home while standing along the road, some boys (about 4) stopped from tricycle and snatched his phone from him and zoom off.
I was like what could be the problem or could it be that some people already gotten information about him to have come to rob him this way?
This easily speak to me that is a results of his showy lifestyles and if he is that calm or doesn't always show off about his bitcoin investment there wouldn't had been a day such incidents could had happened to him,
From my point of view it was not because of his showy lifestyles that cause it because those kind of incident can be possible especially at night and besides you had already said that you were not comfortable going out with your own phone since is already late at night which means that you have the idea that is not always safe at night and besides if it was because of his showy lifestyles they may not have only collected the phone they would have demanded for more, however for the security of his account he should try as much as possible to get new phone in other to change all the password of his accounts connected to that phone including email so that they would be blocked from doing anything to his account. I was like what could be the problem or could it be that some people already gotten information about him to have come to rob him this way?
This easily speak to me that is a results of his showy lifestyles and if he is that calm or doesn't always show off about his bitcoin investment there wouldn't had been a day such incidents could had happened to him,
Dunno, but it sounds like a made up story for me.
Robberies doesn't care with bull run, they will steal anything when they have a chance for that.
From the stories, @OP friend is very stupid when he has a girlfriend, has a showy lifestyle, and want to buy something a thing in mall. A rich person can't be so that stupid, especially a trader, he should at least know about second verification.
Robberies doesn't care with bull run, they will steal anything when they have a chance for that.
From the stories, @OP friend is very stupid when he has a girlfriend, has a showy lifestyle, and want to buy something a thing in mall. A rich person can't be so that stupid, especially a trader, he should at least know about second verification.
The simple security measures we maintained during the bear market is no different from this bull market. The whole tips has and will always remain the same irrespective to the market conditions, political landscape, economic situation and all.
They are
- Centralized exchanges remain a dangerous place to keep you Bitcoins. They cannot be trusted.
- Your seed phrase is the key to your kingdom (Bitcoin). If you give it away you lose everything you have worked hard to acquire.
- Don't trust, verify.
- Don't use a public WiFi for any transaction.
These are some of the basics that apply all round.
They are
- Centralized exchanges remain a dangerous place to keep you Bitcoins. They cannot be trusted.
- Your seed phrase is the key to your kingdom (Bitcoin). If you give it away you lose everything you have worked hard to acquire.
- Don't trust, verify.
- Don't use a public WiFi for any transaction.
These are some of the basics that apply all round.
And the best of them all - be humble about your holdings!
Who knows what people would think to do when they know on what bags you are sitting..
I feel for your friend but he might not loose his asset, just only his phone. This is because his exchange app would not easily be accessed if it is signed out. If he has 2FA authentication, then it will be very difficult for the thieves to access his exchange. If I was him, I will just look for any android phone around and try login to my exchange account with a wrong password till my account will be locked for 24hrs by the exchange making it difficult for anyone to withdraw funds. After that I will go and reset my email password attached to exchange account, so that I can change my exchange password. It's not good to show off with your crypto wealth.
Yeah, if OP's friend didn't use the measures provided for him before the trouble - his loss.
Everybody else should learn from his mistakes and be better. Securing themselves better.
The funny thing is that he doesn't leave his assets into a non custodial wallet, instead he keep saying that he preferred leaving his assets into exchange to enable him to trade when the market requires to trade or when their is a sharp buy or sell. But now, he lost everything; his phone, assets.
So he doesn't turn on PIN, fingerprint lock, 2FA, or any form of protection provided by his exchanges/phone at all? Has he tried to contact the exchange after that? That sounds weird. If he's an experienced trader he should know most of those security features. I guess you should look for a better mentor who also teaches you about basic crypto security practices. I'm pretty sure even some random trader knows that not using fingerprint/PIN lock or 2FA in your device is a terrible idea.Yeah, and we are not talking about using CEXes as a whole, but that's the story for another time.
If you have a security measure - use it, it won't be wrong to have another one piled up on top of another one.
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