Topic: CRYPTOCURRENCY INVESTMENT SAFTY TIPS - page 2. (Read 738 times)

it looks like they don't check every market, so they put in fake volumes in the highest volume level, that's a lack of CMC, I prefer to use coingecko than CMC, I hope they can improve it, so new investors don't get caught up with the fake volume

Thanks to adding new add tips, we should be more before buying any scam altcoins. Newcomers can safely trade with top altcoins but fresh coins shouldn't be bought if it has a low volume. I want to add more tips on who's wants to trade in this pandemic. After listed any top exchange, every coin has correction time, so be ready for that.

Your title is discussing about investment, mate? How can you describe "trader" on the thread content?
You must focus on the title. If you are discussing about investment, then you should explain about investor, not trader. 

I agree with you, mate. I feel the title is like "clickbait" and if it is needed why don't to change the title. 
I think the best title is "Tips to avoid hackers or scammers".

 I will advise anyone who want to invest in cryptocurrencies should invest what he or she can let go in case of loses. another important tip is do not be in a hurry to invest in any project , rather make sure you carry out due diligence research  about the potentials of such projects before investing your hard earn money . One more thing learn to take profits.

I certainly agree with these tips. It's really important to invest with top coins especially if you're looking for an assurance and a guarantee of gaining a good profit. Securing your personal details is also helpful and that's also our responsibility. We should know that investing in crypto has a big risk so it will be better to invest in something that we could afford to lose. Never be greedy and try to apply the basics of investing which is to buy low and to sell high.

One thing i want to add is that crypto investment market is improving because of huge bull market expectations so there will also be available some fake projects that will look to loot people of their precious btc and eth by selling them their useless tokens so be very careful and only invest in high quality projects.

1. Its ok to share it publicly as long as you're participating on a legit project, and some spreadsheets reveals your email address, just take extra measure to secure it.
2. It is advisable but you can still use many crypto exchanges as long as you want, again just take your part to review first the exchange before joining.
3. Some exchanges already ask you to do this security step, it is so easy to set-up so better to be secured than to say sorry later.
4. This will depend on your transactions, if its legit then so be it but if in doubt, just ignore those who're asking for your information.
5. If you have a good memory please do so, but personally I'll stick with my passwords not until someone tried to open my account.

This one, this is more of the security side of involving yourself in crypto. The best safety tips?

"Invest what you can afford to lose"

"Invest on projects that you understand, DYOR".


Yes, we have seen this reminders many times in this community, but I guess it's never too late, specially that there are a lot of individuals joining crypto-sphere everyday.

Two steps verification or phone verification that's enough for security. Exchange wallet mail should be different than public use. Your second safety tip is very bad, the coinmarketcap exchange rating isn't updated yet. Any fake volume exchange can take the top position in coinmarketcap as p2pb2b exchange. Take some exchange from Coingecko.

I agree with the above points and I think it is necessary to be vigilant to secure our crypto assets. There have been many examples of crypto theft and by storing email or other data, then at least the chance for crypto theft is getting smaller. 2FA needs to be used and we should back it up so that at any time we don't panic when our mobile is damaged or lost

So, what you are trying to say is for new investors or traders? Because it will need different tips.
We know that some newcomers may enter this crypto world during this COVID-19 pandemic. However, I am still confue=sed about the tips you are referring to. So sorry about that.

1. In your title, it is "Re: CRYPTOCURRENCY INVESTMENT SAFETY TIPS"
It is a very good title and makes me curious because I also want to make my investment safe enough. but after reading the content of your thread, I'm really confused because you to utter it to the trader. It should be different, mate. In addition, after reading your tips, I think that it is too general.
Everyone can also say this, should do research on the coins that will be invested, which makes us profitable for current or future investment. But, what kind of research? how to research? What kind of coins better to invest or trade?

2. Risks are not only about the hack
Well, you say about the tips of avoiding the risks for investors, but you say for the trader, and then being safe from hackers. As we know, the risk in the cryptocurrency is not only because of the hacker. but most people lose their money is because they chose the wrong coin, do the wrong strategy, and also lose of trading.
For the security risks, are you sure going to put your invested coins in exchanges? if it is for a long term investment, I will not prefer to use any exchange to save my coins. I will prefer to use my personal wallet (hardware) because it is more secure than putting my assets in exchanges. it is too risky even we have secured our personal data and details. You know, hackers may not need those details, they are smart and they can hack the exchanges entirely.

This is also what I think.  Thanks for explaining clearly
Additionally, he talked about securing the important data safely, but he only talks about email, phone, and also 2FA. it may be only for the exchanges and to hack exchanges, hackers may not need these data. 
if we are talking about our personal wallets, we must secure private keys, passwords, mnemonic phrases, and other important data. Not only about email and phone.

All those listed here aren't investment safety tips. They are safety but not for investment. I was expecting to see suggestions that gives away scams and how to know a worthwhile investment based on the topic you chose to the post. Thanks for it anyway.

I don't think there is anyone that will just jump into investment without doing his/her own research, all the tips you listed here is a simple tips that everybody should know, though I don't believe trusting exchanges listed on CMC is a nice idea is better verifying exchanges before investing on them.

These are just some basic tips which almost everyone in this community knows, you should have posted something more advanced and unique so that people could learn something new. Yes, maybe some newbies can learn a thing or two from these tips.
Also you have used the word investment in your title so you should have told people how and where to invest, how to reduce risks, which coins seem good ro go north from here onwards. Personally i think it is good time to enter and accumulate top coins as i expect bulls domination from the last quarter of this year.

Security of your accounts are the most essential things in cryptocurrency investment. Once you lose it and you're not aware of those hackers, all of your sacrifices and assets will be put into waste and go to those hacker's hand. Don't you ever share a single information about your accounts to anyone, no matter who ask for it.

Always think of the possibilities where there are people who are knowledgeable and experienced about stealing or hacking money.

Changing passwords if necessary and maximizing the use of other characters are useful for a more technical with variety of letters, number, or symbols.
When you invest in crypto, you should be always aware about your account. Check the security, as well as the progress.

I want to add number "6. Don't use other gadgets/devices" it is because sometimes we forgot to logout our accounts. Always logout to prevent your account to be saved from other people's devices.

This is a good advice but there are people that don't prefer the top exchanges. Even how good Binance, Coinbase, and Huobi because these are the top three exchanges as per CMC this time.
https://coinmarketcap.com/rankings/exchanges/
As long as the exchange is legitimate and it's not a scam, everyone can get into that exchange. I don't also like trying new exchange but there are plenty of them that are no longer new and proven to be legit.

It's good enough to use a well mixed -letters,numbers,symbols- strong password but easy to recollect by the user, changing a password every month can be the undoing of the user latter on when it get mixed up, but the title is more of a general security/how to be safe tips than security investment tips

I will like to add that, it is always safe to create a different wallet for every DEX or decentralized exchange you transact on and learn not to expose your private keys to just about any site that asks for it. Another thing worth mentioning is, never download files without first verifying of those files, apps or documents are official. You could just be downloading spywares and malwares into your device unknowingly. It's better to be safe than sorry..

I can add a few thought in your list:
1. Use dummy email accounts, you can publicly those without any worry.
2. Nope, use top 3 exchange with real volume cap or good reputation.
3. 2FA is a must in almost every exchange today
4. Agree, I have nothing to add.
5. Use can use password keeper, just need to remember 1 master password for it.

Somehow I can't seem to understand your point before the tips. But I think anyone coming to invest will know all this simple tips to start with. You can't just bump into cryptocurency and start investing just like that. No good investor will hold his coins on an exchange or even share his details publicly. There is more to investment than this.