❗❗ Friendly Reminder: SECURE. YOUR. ASSETS. - page 4.

Kprawn

legendary

Activity: 1904

Merit: 1074

High prices draw scammers too, so be extra vigilant when the price increase. I store more than 80% of my coins in cold

storage, because I do not trust any exchanges or centralized wallet providers. I also have several different hardware wallets,

because some of them cannot store all the Alt coins I invested in. I prefer to use storage methods where I am in control of the

private keys. Grin

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Stormyblue on July 24, 2018, 11:42:36 AM

The recent hack of Binance has made very clear that storing your cryptos on exchanges can cause you to lose your money. It is very important to protect and secure your hard earned Cryptos from hackers.

Heck, even without the occurence of Binance hacking, I wont be storing my coins on any exchanges. I dont trust them at all. I dont care if how many 2FA's you have to go through before you completely logged in. It would be the dumbest thing for an investor to store their coins in an exchange for a long time. If you notice, there are a lot of issues in every exchange are facing every single day. One of them was the log in attemps.
Instead if I do trading I'll transfer some coins only enough value to trade. Sounds so hassle, but its better be safe.

ubay

full member

Activity: 728

Merit: 101

Thank you for reminding us, indeed we should be aware of our coins. Finding the safest place to store digital assets is very important, it's better to spend a little money to save our assets than to regret later.

Stormyblue

newbie

Activity: 147

Merit: 0

The recent hack of Binance has made very clear that storing your cryptos on exchanges can cause you to lose your money. It is very important to protect and secure your hard earned Cryptos from hackers.

dupee419

sr. member

Activity: 1358

Merit: 261

This is true, hence software wallets cannot be completely reliable, especially if you are holding huge amounts of BTC or any other assets that you may have in your Coinbase or any other software wallet, It is also not hack-proof, hence you should buy a hardware wallet that can be reliable in safekeeping your coins, it may cost you but it is also worth it, for a price of $65 you can get yourself a Ledger Nano S, it's more reliable and it is indeed safer.

LavernB

newbie

Activity: 98

Merit: 0

Pretty much standard stuff and well known. You only need coins on the exchange if you trade. If you're holding then put it away man, that's common sense. But anyways it's good to have this kind of topics so people can read and do something about it. Nobody's gonna hack your phone because you're irrelevant but many hackers were trying for years to for example hack PS4 and they did it in the end. Everything is hackable it just depends how big of a target it is.

idelawire

newbie

Activity: 14

Merit: 0

Yes its really important to secure our cryptocurrency because recent time hacking is happen and in exchanges our coin is not safe. so we need to store coins in ledger, hardware wallet and paper wallet and we can access our coin from private keys. so important security is the biggest priority for us.

btcdevil

legendary

Activity: 1302

Merit: 1027

Quote from: Reatim on July 24, 2018, 10:44:52 AM

I think that we already stress this message across this forum for too long that it already sounded like a broken record. So I don't know if people have invested big enough money and doesn't know how to secure it. Exchanges has been hacked, online wallets and even scammers have been with us so by now if people still need reminders how to protect their assets and then bitch around later that they have lost tons of money then crypto is not for you.

Just you said what i was to comment, This is the message appearing from long long time and till now it is like dead boring topic but still like what you said who ever is in crypto world should have been knowing all the problems if you are still using online web wallets and exchange wallets. But still their are so many new users who are still using web wallets and exchange wallets and are happy till they are not scammed or hacked.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

I think that we already stress this message across this forum for too long that it already sounded like a broken record. So I don't know if people have invested big enough money and doesn't know how to secure it. Exchanges has been hacked, online wallets and even scammers have been with us so by now if people still need reminders how to protect their assets and then bitch around later that they have lost tons of money then crypto is not for you.

CrytopiaRaRa

newbie

Activity: 84

Merit: 0

This is a powerful reminder,thanks!
Its true,we need to just be cautious and alarmed for this kind of bad scenarios in the world of cryptocurrencies.
Always in the safe side.Always create a strong password and better to write in a book that only you can know .
Also be careful to scammers and hackers for they are so many now adays

Gabali126

jr. member

Activity: 322

Merit: 2

This is very good. A lot of people may have been carried away by transferring their coins to the exchanges to sell once a predetermined price is reached.

popsys

newbie

Activity: 2

Merit: 0

Hello please can somebody advise, bought some btcx2 last month, however, cannot yet see any exchange or wallet address, how do i trade or withdraw my money? Any advice will be greatly appreciated. Kind Regards

easycoin995

newbie

Activity: 98

Merit: 0

I agree because, after the recent recovery of BTC, scammers will become active again and try to scam people. So it's safe to apply as much as security on your hard earned money and stop believing in false rumors.

yj300316

jr. member

Activity: 154

Merit: 1

The P2P Marketplace For Digital Content

Quote from: cryptosec.info on July 19, 2018, 06:08:13 AM

[Friendly Reminder]

While waiting for the market bull run, first make sure that your bitcoin/cryptocurrency investments are actually secure. Always remember:

NOT YOUR KEYS, NOT YOUR COINS

If you're still using services like Coinbase to store majority of your coins, you could possibly lose your investments(not an exaggeration). Sure, we respect Coinbase for their service, but Coinbase is NOT hack-proof. NOTHING in general is 100% secure, especially for a centralized system. People in the past probably thought that MtGox was also actually "secure" enough, well guess what happened?

You're significantly decreasing the chances of your crypto getting stolen when using a well-made paper wallet or a hardware wallet.

Some reputable hardware wallets:

Ledger Nano S: https://www.ledgerwallet.com/
Trezor: https://trezor.io/

-

Hardwallet is the best wallet for security i think. You don't need to expose your key or something that can harm your wallet.
If you want a secure and free wallet, i think you can use desktop wallet and install it on your pc.

BitCoinDream247

newbie

Activity: 49

Merit: 0

This is a good help, and heads up to how you should always be cautious, in securing your investments.

brylle34

full member

Activity: 476

Merit: 100

Thanks for your reminder, you correct if we don't have the private keys we are not the one who is on control of our bitcoin or any other altcoins on our wallet, i would like to add up, not just on what your referring online wallets, also the other trading platform don't put all you have their if their is hacks that will happen your money will say good bye to you

cryptocrabs2

newbie

Activity: 322

Merit: 0

The hacking incidents are at large nowadays. And this has indeed got the people worried. The best advise would be to get the get the exchanges done and withdraw the money as soon as possible. And to use a secure wallet.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: cryptosec.info on July 19, 2018, 06:08:13 AM

[Friendly Reminder]

While waiting for the market bull run, first make sure that your bitcoin/cryptocurrency investments are actually secure. Always remember:

NOT YOUR KEYS, NOT YOUR COINS

If you're still using services like Coinbase to store majority of your coins, you could possibly lose your investments(not an exaggeration). Sure, we respect Coinbase for their service, but Coinbase is NOT hack-proof. NOTHING in general is 100% secure, especially for a centralized system. People in the past probably thought that MtGox was also actually "secure" enough, well guess what happened?

You're significantly decreasing the chances of your crypto getting stolen when using a well-made paper wallet or a hardware wallet.

Some reputable hardware wallets:

Ledger Nano S: https://www.ledgerwallet.com/
Trezor: https://trezor.io/

-

Yes.We can't say,any wallet is 100% secured.Because many wallets had faced the hacking issue.The only solution to save your bitcoin is secure it with some security setup.I had using coinbase from long,still now I don't have any hacking issue.Coinbase is linked with mail id, it's hard to access your wallet without your mail id access.

butterflies04

full member

Activity: 219

Merit: 100

I see the quote from the FBI director and think about all the people that are sending their Passports and government ID's over the internet to win a few free tokens that are most likely to be worthless. KYC is going to get a lot of people in big trouble in the future. I'm waiting for the post telling us the terrible details.

cryptosmith03

newbie

Activity: 322

Merit: 0

It’s impossible to hack crypto system but you wallet can be hack that is why when choosing a wallet that time we need to choose good and secure wallet for avoid hacking also you should not share your private keys or any types of password with anyone.

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