Topic: Exchange security? (Read 275 times)
Thanks to all!!Great advice I will definatley use different passwords.
That would be very Important, since there were a spreading news about some of the people recieves a log in attempts with their account in several exchanges but only fail during 2FA.
Its a very Important precautions, what if you get hacked while your away with the same password in several exchanges? That would be a very devastating huge loss.
Its a very Important precautions, what if you get hacked while your away with the same password in several exchanges? That would be a very devastating huge loss.
One can still get hacked even with Two-factor authentication and different password, it's most times inevitable. I usually use different passwords and the 2FA thing, but the best protection one can give to their exchange is to never leave a huge amount of coins in any exchange. An account can be extremely secured but still get hacked. Hackers can do anything just to get what they never laboured for.
but now we are talking money on here which we shouldnt really have the same movement because once compromised all related or the same accounts will be at risk too.I have changed passwords and set 2fa to ensure maximum security.
It shouldn't really make much of a difference whether it concerns money now or not. The main thing is that with all your non money accounts, hackers can compile a complete or near complete profile of yourself.Isn't that reason enough to use a different password for each account? With your profile they may even somehow gain access to sites they don't have your password for, which is quite worrying to be honest.
People should really think about their actions. Regardless of how innocent certain sites may be, always use a unique password, and preferably, a different email, at least a different email for each important site or service.
but now we are talking money on here which we shouldnt really have the same movement because once compromised all related or the same accounts will be at risk too.I have changed passwords and set 2fa to ensure maximum security.
It shouldn't really make much of a difference whether it concerns money now or not. The main thing is that with all your non money accounts, hackers can compile a complete or near complete profile of yourself.Isn't that reason enough to use a different password for each account? With your profile they may even somehow gain access to sites they don't have your password for, which is quite worrying to be honest.
People should really think about their actions. Regardless of how innocent certain sites may be, always use a unique password, and preferably, a different email, at least a different email for each important site or service.
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Do folks use different passwords for each exchange they use?
I have to be honest, and say that I reuse some passwords for exchanges. But these days with all of the security concerns I've already changed a bunch, and more importantly enabled 2FA on sites that allow me to do so.
It doesn't hurt to use different passwords for each exchange that you use, it's much better from a security standpoint that if your encrypted passwords ever get leaked (even they're supposed to be all encrypted) on one site, other exchange logins of yours don't get affected.
Most important thing is to just not store more than what you can afford to lose on exchanges, it's just bad practice to store anything over a few hundred bucks on an exchange imo.
I use a single master password(that I can remember it) and a mixture of two sites:
1. https://1password.com 2. https://strongpasswordgenerator.com/
using strongpasswordgenerator.com to generate a password for all accounts.
the master password used to control 1password account and from that site, I can have a Unique and powerful password for all accounts.
There is no safe way to protect accounts using the password/2FA but until finding a more effective way, I think this solution is acceptable
1. https://1password.com 2. https://strongpasswordgenerator.com/
using strongpasswordgenerator.com to generate a password for all accounts.
the master password used to control 1password account and from that site, I can have a Unique and powerful password for all accounts.
There is no safe way to protect accounts using the password/2FA but until finding a more effective way, I think this solution is acceptable
Most times, this is what I usually do. Though, I don't combine two passwords from different websites to form a perfect password (because I feel that there is a possibility of it been used), but I use a very strong password that I personally generate and for some time now, it has been going fine for me. I am a kind of person who sometimes forgets things, so I don't want to make the mistake of using a different password.
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Do folks use different passwords for each exchange they use?
I have to be honest, and say that I reuse some passwords for exchanges. But these days with all of the security concerns I've already changed a bunch, and more importantly enabled 2FA on sites that allow me to do so.
It doesn't hurt to use different passwords for each exchange that you use, it's much better from a security standpoint that if your encrypted passwords ever get leaked (even they're supposed to be all encrypted) on one site, other exchange logins of yours don't get affected.
Most important thing is to just not store more than what you can afford to lose on exchanges, it's just bad practice to store anything over a few hundred bucks on an exchange imo.
That would be very Important, since there were a spreading news about some of the people recieves a log in attempts with their account in several exchanges but only fail during 2FA.
Its a very Important precautions, what if you get hacked while your away with the same password in several exchanges? That would be a very devastating huge loss.
Its a very Important precautions, what if you get hacked while your away with the same password in several exchanges? That would be a very devastating huge loss.
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Its a must and should really make as a habit on where you should make different passwords on different exchanges and even on your email log-ins.On this way you would really able to minimize the risk on getting hacked in row if someone did able to collect your logged-in informations and tend to hack.Using up same passwords into different sites would make the job more easier for them.Suggestiong above about password generators are also a good idea to used on. Do folks use different passwords for each exchange they use?
I use a single master password(that I can remember it) and a mixture of two sites:
1. https://1password.com 2. https://strongpasswordgenerator.com/
using strongpasswordgenerator.com to generate a password for all accounts.
the master password used to control 1password account and from that site, I can have a Unique and powerful password for all accounts.
There is no safe way to protect accounts using the password/2FA but until finding a more effective way, I think this solution is acceptable
1. https://1password.com 2. https://strongpasswordgenerator.com/
using strongpasswordgenerator.com to generate a password for all accounts.
the master password used to control 1password account and from that site, I can have a Unique and powerful password for all accounts.
There is no safe way to protect accounts using the password/2FA but until finding a more effective way, I think this solution is acceptable
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Yes I do. I used a different password for different account but it doesn't mean your account is secure, to improve your security you might enable Two-factor authentication and it's really important. I saw many cases out there people account got hacked because they didn't enable this thing.Do folks use different passwords for each exchange they use?
One more thing please don't store huge amount there once you got profit please cash out them as soon as possible, just a freindly advice.
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Everyone said they are using different passwords for different exchanges but I am using a hard password for all the exchanges and ofcourse that is the password for everything I have using but at last I will change the numbers from one to one and special letters too.But it will not be a matter if you use different or single password just enable 2 factor authentication and other security option give by exchange. Do folks use different passwords for each exchange they use?
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Do not know for sure if someone else uses a different password on every exchange, but if you want to make it more secure, then it is advisable to use different passwords in registering on every exchange, especially with your email. Do folks use different passwords for each exchange they use?
I use one big and random password generated by Keepass for each website that I use, and 2FA in those who support it. Everything stored in a Keepass database.
That's basic security. If you use the same password for every website you register, try searching for it on Have I Been Pwned and you will see that there is a big change your password has been leaked by one of those websites. Which means that your password can be used in a big brute-forcing dictionary.
That's basic security. If you use the same password for every website you register, try searching for it on Have I Been Pwned and you will see that there is a big change your password has been leaked by one of those websites. Which means that your password can be used in a big brute-forcing dictionary.
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Do folks use different passwords for each exchange they use?
It is a basic practice to use a different password for each site you use, it's not only about crypto exchanges but everywhere
I don't with the ones I don't give a shit about such a fork dumping ones.
The ones that are important I do the following things - the email associated with it has 2FA via authenticator. Also double check your email's backup options, such as another email address, and secure them as someone can get in that way with a password reset.
Different password for each exchange and 2FA via authenticator with them as well. I also keep the authenticator keys far offline.
The ones that are important I do the following things - the email associated with it has 2FA via authenticator. Also double check your email's backup options, such as another email address, and secure them as someone can get in that way with a password reset.
Different password for each exchange and 2FA via authenticator with them as well. I also keep the authenticator keys far offline.
Use different passwords for each exchange. Try to use 2fa using google athenticator if possible. Sometimes an idea to change passwords after a while.
Do folks use different passwords for each exchange they use?
It should be. If I can remember there is someone that managed to hack his registrants but his website isn't related to cryptocurrency ( I can't remember that person and his website.)But after using the passwords and usernames of those people (of course he holds the database), it gained access to some wallets that lead him to hack and surprisingly he caught a lot.
This can be few from the situation why we should use different passwords from different exchanges.
It's your own choice. Either you go with unique passwords or not, both have pros and cons.
Unique password for each exchange
Pros: You'll limit the possibility of being hacked in all your exchange accounts.
Cons: You need to memorize all password or take a note of it (in which you need to protect too).
The same all password
Pros: Simple, you only need to memorize one of it.
Cons: Hackers would have access in all of your accounts.
IMO, it's both okay. You just need to activate 2fa's, that's it.
Unique password for each exchange
Pros: You'll limit the possibility of being hacked in all your exchange accounts.
Cons: You need to memorize all password or take a note of it (in which you need to protect too).
The same all password
Pros: Simple, you only need to memorize one of it.
Cons: Hackers would have access in all of your accounts.
IMO, it's both okay. You just need to activate 2fa's, that's it.
Real newbie question here. Sorry but here goes.
Do folks use different passwords for each exchange they use?
Obviously yes. Do folks use different passwords for each exchange they use?
If you find it hard to remember all of your passwords, I'd suggest you to keep an offline phone or any device and install the lastpass application. You can download it from here : lastpass.com, it'd better for you to buy the paid one. Also remember that you need to always keep your 2FA enabled.
Jump to: