I bought BTC in 2015 for $200, I was hyped when it started booming back in 2017 and I kept it until 2018.
AND then one day I log in to my blockchain.info account and it is GONE... Till this day I can not figure out how they vanished, I had email 2FA maybe my mail was breached as well... I changed passwords and everything.
The feeling is hard, but you cope with it and move on.
Topic: Have you ever been stolen or lost your BTC? - page 7. (Read 1209 times)
I lost 90mbtc(small value at the time) back in 2016 when coinbase suddenly locked my account and they never said anything as to why they locked it.
they're support was unresponsive. my account wasn't the only one who were locked. there were cases before mine and a lot more after. I never pursue the
issue any further when they didn't respond to all my complaints. I'm just glad I never use coinbase to store huge amounts btc and only use it to pass my funds
from one wallet to another.
they're support was unresponsive. my account wasn't the only one who were locked. there were cases before mine and a lot more after. I never pursue the
issue any further when they didn't respond to all my complaints. I'm just glad I never use coinbase to store huge amounts btc and only use it to pass my funds
from one wallet to another.
Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it?
We have numerous hacks in exchanges in the past and still you need more evidence to understand that keeping bitcoin in exchange is not safe, the only safe method is to keep the coins in your hardware wallet and if you are having proper antivirus software and keep all your software updated and never use cracked version then you are safe, always make sure you scan your system daily to make sure everything is working well and if you can make sure you follow these basics then you are safe. 
Luckily I didn't have any of such experience but I know quite a lot people who did. People don't care enough about security, don't protect their wallets and funds enough or are very naive and easily become a victim of scam. It seems that cryptocurrency users are especialy vulnerable.
Security is very important but no one else will take care of you so you need to rely on your own and take all security meassures that you can.
Security is very important but no one else will take care of you so you need to rely on your own and take all security meassures that you can.
I lost my wallet fund of 0.5 btc when it was a bitcoin was worth $1500. By that time I was very easy going and never thought my account will be taken control by someone else. My password was also quite complex, to my bad luck someone has taken control of my mail. Further through the mail they've entered the wallet moving the entire funds to a new wallet. After that I prefer 2FA for anything that is important to me.
Being taken advantage of can make you more cautious about your movements. Hacking vulnerable wallets is not rare anymore today, It quite happens every day, As time passes hackers were used to adapting to new securities and finding a method to bypass the security of systems. Online wallets are the most targetted by hackers especially if it contains such amount of crypto/fiat or any asset that you have. That's why hard wallet is preferred by many, High security that almost only you can access. 
I was cheated by my friend so my 0.2 btc was lost in 2016 ago. I gave him my e-mail address and password, my purpose is to ask for help from him because at that time my Bittrex account could not log in. It turned out that he didn't help me but took my btc, but he didn't admit it.
I lost my wallet fund of 0.5 btc when it was a bitcoin was worth $1500. By that time I was very easy going and never thought my account will be taken control by someone else. My password was also quite complex, to my bad luck someone has taken control of my mail. Further through the mail they've entered the wallet moving the entire funds to a new wallet. After that I prefer 2FA for anything that is important to me.
Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it?
There must be a comparison based on the number of incidents, statistics, etc.
I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet?
Where do you keep crypto? Have you ever been stolen?
There must be a comparison based on the number of incidents, statistics, etc.
I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet?
Where do you keep crypto? Have you ever been stolen?
I'm using trezor and electrum on storing my bitcoins and altcoins, and I didn't experience yet that kind of incidents (thank God). Storing your bitcoins literally in a market is safe, however you need to monitor it always and check the exchange updates every time to know every details that is new about them, like if they are going to delist some coins or going to shut down their exchange, something like that, for you to be able to withdraw all of your remaining funds on their exchange.
My point here is that, it all comes with great responsibility to make things in proper and in order.
Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it?
Saving funds in a wallet exchange is quite dangerous because it is feared that if the exchange is hacked, the funds belonging to its members will be threatened. So it is important to choose an exchange that truly has a good reputation globally, and you must wisely understand all risks and provide multiple security.Where do you keep crypto? Have you ever been stolen?
Well, basically nothing is really safe on the internet. I once lost 0.03 BTC from my wallet blockchain. Though I have provided double security, 2FA and email verification, but still lost. My BTC is sent by "someone" to another BTC address.I've read that hackers can break into our wallets in several ways: Malware, Virus, Phishing, Remote access to your device, and Keylogger
I haven't ever lost bitcoin neither my bitcoins were stolen as of yet(Touchwood). But I have heard many many cases where not just bitcoins but mamy other coins were stolen from them from exchanges and ICOs. If I remember quite correctly one of my colleagues was an investor in some ICO called as circle or something similar and that was such a big scam, the signs were clear and the returns promised were quite to high and no I had never seen an ICO claiming things like the Circle ICO was but people still wasted there time just because of that greed of money. Lol shouldn't be laughing on people's misery but it is always those peope who are greedy of money are the ones who get scammed more often.
As I read the above statement I remember those days that my btc was stolen in a certain exchange. My fault because possibly those times I accidentally open a phishing sites that leads my btc hack. Even though I’ve experienced a stolen btc it gives me a lesson that it is not safe to store btc in the exchange. So, started from that time I always use hardware wallet.
Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it?
There must be a comparison based on the number of incidents, statistics, etc.
I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet?
Where do you keep crypto? Have you ever been stolen?
Actually, it's not totally safe to store your balance in an exchange site because there are times that your exchange account can be hack by hackers. I have seen some articles that tackle about exchange hack where some of the funds of users are lost. Maybe it depends on the user on how he/she protect his/her exchange account. Having google authenticator will also help you to protect your exchange account like it will notify if someone wants to open your account. My simple way to keep my crypto safe and secure is through storing in a ledger which is a hardware wallet. Then, I will put it in my safety cabinet. There must be a comparison based on the number of incidents, statistics, etc.
I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet?
Where do you keep crypto? Have you ever been stolen?
It's not all about pros and cons, as you say, there is really no useful comparison on the same playing field when looking at storing on exchanges vs storing on wallets where only you own the private keys.
The latter is where some people are misled... a lot of people use easy web wallets, thinking it's safer, but if your web wallet or even client enables someone else to access your private keys (or worse, don't give it to you), then it's really NO different from storing on an exchange.
The correct comparison should be: Trusting someone else to keep your funds vs Trusting only yourself with your funds.
The latter is where some people are misled... a lot of people use easy web wallets, thinking it's safer, but if your web wallet or even client enables someone else to access your private keys (or worse, don't give it to you), then it's really NO different from storing on an exchange.
The correct comparison should be: Trusting someone else to keep your funds vs Trusting only yourself with your funds.
I think as a beginner in the crypto world it's a huge possibility you might lose part/all of your funds through mistakes. Some might be stupid mistakes, but it doesn't matter - if you lost your money, it's just gone.
I've been through such mistakes and it's so scary when it happens but you obviously learn from them. So as soon as I lost my first part of funds through an infected software, I knew I need to be much more careful with my Bitcoins or I might just lose it all one day.
I think it's best to hold as a beginner at least 80% of your funds and try making transactions with part of the other 20% so that you can learn how it works. I'm sure it's much easier to learn this way than by reading other comments and opinions on how to safely transact. Or just buy a hardware wallet and you might save yourself from some stupid mistakes
I've been through such mistakes and it's so scary when it happens but you obviously learn from them. So as soon as I lost my first part of funds through an infected software, I knew I need to be much more careful with my Bitcoins or I might just lose it all one day.
I think it's best to hold as a beginner at least 80% of your funds and try making transactions with part of the other 20% so that you can learn how it works. I'm sure it's much easier to learn this way than by reading other comments and opinions on how to safely transact. Or just buy a hardware wallet and you might save yourself from some stupid mistakes
If the failed projects are considered to be a loss, then Definitely yes some in wrong transactions but only minimal amounts. specially in bounty hunting loss in effort.
I don't think a failed bounty gift count as losing your BTC. It's different because bounty tokens are bound to be worthless until proven otherwise. Which is why you should stop doing bounty here and there. Stick to sig campaign for a better result.
An exchange is really not safe to store funds. Exchange can be fraudulent, also hackers can hack it. Most reliable way to store Bitcoin has always been and remains offline wallet cold storage. There are several models of such wallets, but the most important thing is that no one except you has access to this repository of Bitcoins. However, they are only suitable for long-term storage. If you want to speculate on exchanges, you will somehow have to store some amount of cryptocurrency on the trading platforms.
I've experience this situation and unable to withdraw my bitcoin and i felt been scam since they are rejecting my KYC information and they need more personal information. I will not mention the name of the exchange.
And i think its not a good idea to keep your bitcoin in exchange and withdraw and deposit it to your cold wallet that has access to private keys to secure your funds.
I know your site mean is Bittrex because they need your KYC for withdraw your bitcoin, without KYC you can't withdraw your bitcoin and we can called you lost your bitcoin in exchange because your KYC rejected, we hate with many exchange need for KYC because we really invests there with using our money and not get money for investing in exchange account by free. And i think its not a good idea to keep your bitcoin in exchange and withdraw and deposit it to your cold wallet that has access to private keys to secure your funds.
We are talking from code security, I agree that saving cryptocurrency is more risky because I've lost BTC, maybe it's because of my own fault. The use of bugs or looking for system weaknesses to an exchange site is often done by hackers, their problem may be disguised as a target to gain access to your account, I often encounter that incident. With some cases regarding loss of funds at the exchanger because the system is broken, adding to the user's view of the risk of saving on the exchanger. We know for sure that the exchanger has also created a strict security system, but again technology is developing rapidly.
I have never lost my Bitcoin even once. I'm using both soft and hard wallet. My Bitcoin is the reward of my hard work so I'm careful in keeping it. It's really important that we're storing it in a secured wallet and we're keeping all our private keys safe at the same time. It's our responsibility to keep all our earnings safe so we must be mindful especially when we're transacting using our wallets.
If the failed projects are considered to be a loss, then Definitely yes some in wrong transactions but only minimal amounts. specially in bounty hunting loss in effort. However that's part of engaging in crypto. Luckily, i didn't experience yet losing due to hacking and I will be very careful, so it will never happen to me. We should learn in every thing that happens here in crypto. Be attentive in projects and responsible in our passwords and private key.
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