Personally I was shocked by the news that crypto investor Ian Balina had been hacked for millions in ether (
https://www.ccn.com/ian-balina-hacked-for-millions-through-old-email-account/).
Being a "newbie" in the crypto-world I asked myself a question: "what should I do to protect my earnings?".
It is much better to lose $10 and understand what can happen and how to avoid it, than to lose $100 or more.
With this respect what would you recommend?
Backing up your private keys? Printing them out? Creating e-mails that could never be accessed by anyone?
One thing you should never do is this:
Balina stored the personal and public keys he needed to access his digital assets on popular cloud storage program
Basically nothing related to bitcoin was "hacked" , and his way of doing things is just puzzling:
Balina recalls receiving a message about his college account being targeted, saying “I remember getting an email about it being compromised and tried to follow up with my college security to get it resolved, but wasn’t able to get it handled in a fast manner and gave up on it thinking it was just an old email.”
You receive a security message about your email being compromised and you don't think about changing passwords to all your accounts?
About storing your private keys on a cloud service I'm not even going to comment, .....
Best way to secure your coins would be to get a hardware wallet and store your recovery phase somewhere where you are 100% nobody can get access to it.
Or go for paper wallets although personally I really don't like them.
Check the
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