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Topic: General Crypto - page 2. (Read 251 times)

full member
Activity: 1246
Merit: 116
July 06, 2023, 09:28:19 AM
#7
What is the most unhackable crypto platform?

There is nothing in the world that is unhackable; same applies to any crypto currency platform. They are all hackable. And this is why everyone is usually advised and encouraged not to keep their funds in any centralized exchange platforms etc. Remember in crypto currency, you are your own security.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
July 06, 2023, 09:25:27 AM
#6
What is the most unhackable crypto platform?
All platforms can be hacked and if you plan to store your bitcoin on any third party platform, get rid of this thinking.

Control your wallet private keys or mnemonic seed of your wallet, and control your bitcoin. Don't trust any platform, they can self-proclaim like best platform, most unhackable platform but your responsibility is securing your bitcoin by yourself.

When you make a trade deal, pay attention on confirm status of the on chain transaction and how many confirmations it has.

Read
How many Bitcoin confirmations is enough?

Two tools
https://jlopp.github.io/bitcoin-confirmation-risk-calculator/
https://web.archive.org/web/20181231045818/https://people.xiph.org/~greg/attack_success.html
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
July 06, 2023, 09:19:58 AM
#5
What is the most unhackable crypto platform?
Not sure there was a platform that are untouchable. Even decentralized exchanges got hacked too.

Decentralized exchanges like Bisq.
This got hacked before. So even decentralized and centralized can both be hacked. Its just depend how smart those hackers and evolve to the point they can even crack even the hardest one to penetrate.


For trading. All have risk, either of the two. But in terms of holding or storing of course decentralized is much safer.
hero member
Activity: 2954
Merit: 796
July 06, 2023, 09:19:26 AM
#4
What is the most unhackable crypto platform?

There's no such thing as unhackable platform all else there will be no crypto hacking incident happening on crypto since they will just copy the code of the specific platform There's an inside job that is biggest threat for all crypto platform to be hacked even with the most biggest and secured platform is not exempted to this threat.

Bitcoin blockchain is the only almost hack proof on crypto since it's complete decentralized and no one owns 51% hash rate to attack the network and overwrite a transaction. CEX and DEX and other DeFi is all hackable.
hero member
Activity: 700
Merit: 541
Bitcoin Casino Est. 2013
July 06, 2023, 09:11:52 AM
#3
What is the most unhackable crypto platform?

For what exactly?

Is it to hold your coin, as in wallet? To discuss? To buy and sell? As in exchange both centralized or decentralized. You have to specify.

You just saying platform gives us so many options but Incase you're referring to exchanges or decentralized exchanges to be precise you can go with _act_'s suggestion.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
July 06, 2023, 08:47:41 AM
#2
Use decentralized exchanges like Bisq. All centralized exchanges can be hacked, do not believe in them. There are some other decentralized exchanges that you can use too but I prefer Bisq.

https://bisq.network/

Decentralized exchange too can be hacked, they are good for privacy. Read other posts, like the one posted by cryptoaddictchie
newbie
Activity: 6
Merit: 0
July 06, 2023, 08:42:52 AM
#1
What is the most unhackable crypto platform?
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