How do you protect your cryptocurrency from thefts?

peter0425

sr. member

Activity: 2618

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Quote from: TarunDis on September 11, 2019, 01:32:24 AM

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

Aside from securities from wallets I used the most important thing for me is to keep safe from phishing and malware over internet that’s why I never clicked or browse any links shared here or even in social media unless it was booked marked on my windows

Or atleast I have separate gadget that I used to check those links for precautionary measures .its better to be meticulous than becoming a victim

Polar91

hero member

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For me, the best way is to avoid clicking unkown links. It's because the unknown links that you click might be tricky and may stole your funds though phishing method. To avoid this, it's a good practice to add bookmark to your canned transactions/ your most visited wesbsites since typing the domain name through search engine doesn't always guarantee that it'll give you the legitimate one for its top result.

nutella_11

jr. member

Activity: 175

Merit: 1

The most important two things:
1. Use the reliable cryptocurrency exchange. Choose the popular one, with quite interesting fees and check out its security practices. I can recommend Kraken or CoinDeal. If you are a beginner, CoinDeal would be even better because it's very user-friendly exchange.
2. Cold storage is the safest way of storing your coins. Invest in the hardware wallet like for example Trezor.

bitart

hero member

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Vires in Numeris

Quote from: squatter on September 23, 2019, 06:25:25 PM

Beware of malicious USB cables. They can come with hidden software/hardware built in that can download and execute malicious software once plugged into your device. Read more about the threats here and here.

Best to avoid buying cheap knockoff cables or using public charging kiosks, which are prone to juice jacking attacks.

Holy sh.t....
I was not aware of these kind of risks before... thanks for sharing and pointing it out...
Now, I can ask myself why I haven't already thought about this very evident way of attacking USB powered/connected devices.... It's terrific, because 99% of the people won't think about this also, before they become the victim of this kind of attack...

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Beware of malicious USB cables. They can come with hidden software/hardware built in that can download and execute malicious software once plugged into your device. Read more about the threats here and here.

Best to avoid buying cheap knockoff cables or using public charging kiosks, which are prone to juice jacking attacks.

Nelars

newbie

Activity: 30

Merit: 0

Some people try to theft and hacked cryptocurrencies today it is because hiding their tracks is simple as their footprints can be wipe away digitally.

Cryptocurrencies still remain unfettered by a central bank or government entity, parting investors without legal and official recourse when an account is hacked.

I suggest because of fast and growing digital world there are also a lot of wallets coming from different companies coming out.
--Choose wallet/s that is proven and safe;
-- don’t go to the less reputable one,
--don’t take a risk to unstable sources
--choose a regulated exchange

Henri Cartier

full member

Activity: 236

Merit: 117

Once you know How to identify Crypto Scams? then you can easily protect your cryptocurrency from thefts. First understand the characteristics of Crypto Scams and avoid those. Later follow the tips given by the community members.

Bountyhonter

member

Activity: 406

Merit: 10

You can protect yourself from hack by
1. not sharing your private key with anyone
2. using an hardware wallet or downloading a well known mobile/desktop wallet from its official site
3. avoid suspicious, phishing and unknown links
4. double checking any url that has to do with your assets

ghermghuda

jr. member

Activity: 284

Merit: 5

First tip: always keep your private keys to yourself and your coins on a trusted wallet. High Security caution; always make sure to check the current status of the website, exchange or platform you're moving your coins to before doing so.

prix

hero member

Activity: 750

Merit: 511

Quote from: keychainX on September 14, 2019, 01:52:45 AM

There is a tool called vanitygen on github, you could easily download and make from source.

The main thing is not to download a malicious generator, which, for example, specifically has a very weak PRNG.
In this case, the attacker will have a great chance of generating the same private key as the users of the program.

Do you remember the PRNG vulnerability in Android?
https://www.theguardian.com/technology/2013/aug/15/google-android-bitcoin-securerandom-vulnerability

coolcoinz

legendary

Activity: 2814

Merit: 1192

I like Trace Mayer's approach with a purity laptop, although this is only for people who have a lot of money invested, since the machine itself costs a couple thousand dollars. It's really wise to spend at least 1% of your investment on security and most people completely ignore it. They have 100k USD in crypto and keep it all on their home PC, which is asking for trouble.

keychainX

member

Activity: 378

Merit: 53

Telegram @keychainX

Quote from: TarunDis on September 11, 2019, 01:32:24 AM

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

There is a tool called vanitygen on github, you could easily download and make from source.

Disconnect from internet and run from an usb. You can even specify the first letters of your public key, I do this for our family wallet(s), each member have part of their first name in the wallet Wink

After solving the public key you have two option. Store the pub/priv key on that pendrive in a textfile or write it down on paper. I have done both. (But didnt write it done, instead printed the textfile)

Move funds to the wallet and reboot the computer (to remove any traces from RAM)

Good Luck!

/KX

ezeobulu007

newbie

Activity: 83

Merit: 0

To ensure total security of your funds make use of decentralized exchanges and store up to 85% of your digital asset in a cold wallet storage.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Lucius on September 12, 2019, 08:56:39 AM

Quote from: mk4 on September 11, 2019, 10:34:36 AM

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.

I think this makes sense if you need to give your social media link (FB, Twitter, Telegram) or maybe e-mail. Such information is an ideal phishing attack vector, each user can also become an individual target where hacker will try to analyze how much coins is user have, which exchange or wallet is using, and how experienced he is when dealing with crypto.

Well, true. I'd place that in the "unnecessarily filling sensitive information" category though. A better bullet point there would be "stop joining scammy airdrops" instead of "never fill up spreadsheets" to be more general and specific. Because what service besides airdrops requires you to hand over your social media profile links anyway.

whtchocla7e

full member

Activity: 392

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Worlds Simplest Cryptocurrency Wallet

Hello new. To secure your assets, you first need to understand it, the operation of cryptocurrencies. I want to share my crypto asset security measures for you.
- Always ensure the security of private keys.
- Use some virus scanning software to detect malicious websites.
- Always pay attention to the website link to avoid web phising case.
- 2FA is always the top priority
...

Julian ogan

member

Activity: 87

Merit: 27

As most of them said, don't keep your funds on Exchanges. Keep your cryptocurrencies on any hardware wallets where you own the private key of it. There are many wallets that will have "Seed or Phrase". You can store that safely on a paper or store at some safe place. Even if the wallet is lost or stolen, your cryptos are still safe.

TarunDis

newbie

Activity: 4

Merit: 0

Quote from: Slow death on September 11, 2019, 01:11:29 PM

Quote from: TarunDis on September 11, 2019, 01:32:24 AM

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

this is very strange, you are new here in the forum:

Name: TarunDis
Posts: 1
Activity: 1
Merit: 0
Position: Newbie
Date Registered: Today at 06:26:16 AM
Last Active: Today at 07:26:23 AM

but are you asking a question that easily on google and youtube has the answer?

for example:

go to google and type: " how do the crypto holders protect his bitcoin? "

see the result: https://www.google.com/search?biw=1264&bih=847&sxsrf=ACYBGNR76nJ8qki_4YMLo-LzCHNgT_Ciyg%3A1568225306289&ei=Gjh5XbqhEYS4gwfToIrADA&q=how+do+the+crypto+holders+protect+his+bitcoin%3F&oq=how+do+the+crypto+holders+protect+his+bitcoin%3F&gs_l=psy-ab.3..33i160l4.23420.32546..32859...0.0..0.321.3412.2-12j1......0....1..gws-wiz.......33i22i29i30j33i21.bHTtwdmcp2U&ved=0ahUKEwi6lrzCrsnkAhUE3OAKHVOQAsg4ChDh1QMICw&uact=5

and then you could search on youtube

I did find few articles for the same like - https://entreresource.com/cryptocurrency-protection/ and https://distill.io/kb/guides/protect-your-cryptocurrency-from-hacks/

Just wanted to know if there is anything new that people use for added security. It's scary to lose your bitcoins and that's why I came to this forum looking for an answer from you guys!

jossiel

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DGbet.fun - Crypto Sportsbook

Quote from: Lucius on September 12, 2019, 08:56:39 AM

Quote from: mk4 on September 11, 2019, 10:34:36 AM

Quote from: jossiel on September 11, 2019, 04:36:23 AM

- never fill up spreadsheets

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.

I think this makes sense if you need to give your social media link (FB, Twitter, Telegram) or maybe e-mail. Such information is an ideal phishing attack vector, each user can also become an individual target where hacker will try to analyze how much coins is user have, which exchange or wallet is using, and how experienced he is when dealing with crypto.

Such data can be exploited for phishing user, or maybe to convince him to invest in some bad project, all the way to the physical robbery.

I have read an experience before that he just filled up a spreadsheet and given the information that he provided (email, social media accounts, etc.).

He started to receive some unusual emails from unknown sources that contain malicious materials and links that were untrusted that can potentially direct to a phishing website.

So from that experience of that person, it became my practice not to sign up any spreadsheets anymore just to be safe.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Most of the special tools that you need to prove t your money from being stolen are already available through those wallet providers. First thing that any user should never do is to safe money in an exchange because that is highly risky as no exchange would ever guarantee the protection of anyone’s what we can see in the case of binance.

The best way for a cryptocurrency holder to safe guard his or her money is just to make use of private wallets with key which you already mentioned, and moist especially private wallet where we can have our private keys and one that has authenticated factors or ones that can be linked to our phone so that we are being asked of some security codes through our phones before logging in to the wallet.

Lucius

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Merit: 5637

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Quote from: mk4 on September 11, 2019, 10:34:36 AM

Quote from: jossiel on September 11, 2019, 04:36:23 AM

- never fill up spreadsheets

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.

I think this makes sense if you need to give your social media link (FB, Twitter, Telegram) or maybe e-mail. Such information is an ideal phishing attack vector, each user can also become an individual target where hacker will try to analyze how much coins is user have, which exchange or wallet is using, and how experienced he is when dealing with crypto.

Such data can be exploited for phishing user, or maybe to convince him to invest in some bad project, all the way to the physical robbery.

Topic: How do you protect your cryptocurrency from thefts? (Read 609 times)