Topic: How do you protect your digital coins? - page 11. (Read 1944 times)
Storing them on a wallet is the only way we protect our digital coins,in my case I have mine on private keys and hardware wallet which i then store all together in my closet to make it more secure.Having me myself hold my coins making me feel comfortable instead of storing it on an exchange
Every wallet of mine is enabled with 2FA, but now with the recent hack of Binance even the 2FA has gone into discussion. Even after enabling 2FA I use the verification through email. This seems to be more secure than just having 2FA or just the gmail verification. With cryptocurrency protection is a big issue, however quite often this is getting a big problem to the cryptocurrency network.
In case a person has a sizable holding of digital assets, the best and the safest is to use hardware wallet. However, for people like me which only got some residual amount, then maybe the best way is to choose a good wallet and never ever share the private key. As to exchanges, choose the top ones which can guarantee of a refund in case of hacking. Another thing is to never download any wallet especially from unknown sources as hackers and phishers are using this trick in order to get into your private keys and passwords. The recent hack of Binance is making shock waves all this industry and is telling us that not even a big company like Binance is actually safe as the incentives to break the hull is quite huge.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
I will always update my wallet security system. If I keep it in an exchange type wallet, I will always update my password and don't forget that we have to access it using a computer that is safe and free of viruses. Also make sure we can make a combination of important information that is not easily guessed by others. In my opinion when we can maintain the best access, such as passwords and other important information, we can maintain our account and avoid theft. 
Every user probably has developed its own way how to best protect the coins according to the needs and preferences. Personally I never keep my coins in online wallets or exchanges. These are the most vulnerable places and you can easily lose your funds.
Also it's very good habit to keep coins in multiple wallets, not in only one and it's good that one of these wallets is hard wallet.
Also it's very good habit to keep coins in multiple wallets, not in only one and it's good that one of these wallets is hard wallet.
And you should protect your devices, keep away on malware and viruses.
Indeed. No matter how much we think our digital money is secured in our phone, even though we have our private keys safely stored, we must also pay attention to the health of our devices. Be careful on what you download on your device because some may contain threats which may put our digital belongings, not only money, in jeopardy. There might be ways to recover something we lost in our devices due to threats but it would still be better if we have an application that will keep us from harm's way.
I cannot disagree that hardware wallets are the safest way of storing coins. But there are also many exchange platforms which are offering the highest level of security, I think they are not as bad as it is commonly said. Very significant thing is carefulness in opening various sites, I recommend to avoid visiting unpopular sites and always to check sites before we start downloading anything from it.
I personally utilize a Trezor to store majority of my assets which I am confident will protect my funds from all hacks and scammers basically. I store my remaining assets in a paper wallet which I keep in a safe area. Also, you should always disclose details regarding your wallets to your close family members just in case.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
im using a nano ledger , its safe and its offline so no risk of hacks and its super easy to setup.
leaving one's digital assets on ecxchanges is never a bad idea though, it eliminate unneccessary transaction fees being incured from moving tokens from exchanges to private walllets, but if one must leave one's token on exchanges, neccessary steps must be taken to prevent hack and thefts, such measures includes settling up 2fa and jealously guiding one's seeds and private keys.
If you are talking about our digital coins that are considered as cryptocurrency, the best to do are protecting our private keys first, never ever share it to anyone. Avoid storing it on exchanges, such as centralized exchange, it's very risky because you don't have your private keys when you store it on exchanges. And you should protect your devices, keep away on malware and viruses.
The recent hack reminds us not to store any single amount on our exchange wallets, be practice to transfer our coins right after we do trading.
While living a lowkey life also helps us to keep safe our wallets, don't post anything on social media that you have huge amount so no one be tempted to hack your laptop or mobile phone. It may sound cliche but this sometimes happen to those who brags everything.
The rest of the ways to secure our coins are already given above.
While living a lowkey life also helps us to keep safe our wallets, don't post anything on social media that you have huge amount so no one be tempted to hack your laptop or mobile phone. It may sound cliche but this sometimes happen to those who brags everything.
The rest of the ways to secure our coins are already given above.
I protect my crypto by using only the most trusted hardware wallet Nano Ledger.
I use it to keep my funds secure since one of the best trading site has been hack we really need to be the one to take care or hold our crypto.
It is our responsibility to make sure that our crypto or money is safe so only use the trusted wallets.
I use it to keep my funds secure since one of the best trading site has been hack we really need to be the one to take care or hold our crypto.
It is our responsibility to make sure that our crypto or money is safe so only use the trusted wallets.
I am using hardware wallet to keep it safe from hackers.
And also I always check the sites that I visit or open cause it may have some virus or just another phishing site.
I always double check the link to know that I am only using the orignal website so my information like username and password would be safe.
And also I always check the sites that I visit or open cause it may have some virus or just another phishing site.
I always double check the link to know that I am only using the orignal website so my information like username and password would be safe.
I'm avoiding visiting and downloading anything with those unpopular sites that might contain some malware that could penetrate to my PC. Prevention is the best to way to start protecting your own coins and awareness will help you.
As for storing my coins, I'm keeping it to a wallet that I'm holding the private keys. I had an argument with someone today and said that arguments with 'you don't hold your bitcoins if you don't have the private keys' is low IQ one. Well, at least I proved that when we give advice to others about keeping their coins to a wallet that they hold the private keys, they aren't actually listening.
As for storing my coins, I'm keeping it to a wallet that I'm holding the private keys. I had an argument with someone today and said that arguments with 'you don't hold your bitcoins if you don't have the private keys' is low IQ one. Well, at least I proved that when we give advice to others about keeping their coins to a wallet that they hold the private keys, they aren't actually listening.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
You can lessen up the risk on losing your coins if you do tend to store them on cold,hardware, wallets which you do posses its private keys.Keeping them safe into these storages is much more ideal rather than on storing it up on 3rd parties or simply you don't have access on its pk
like on exchangers and other web wallets.If you care too much on your holdings then better to follow this out.
I used to keep my funds in different exchanges before but because of some hacking cases, I have learned to keep it in my nano ledger. Protecting our digital coins is necessary because of the fact that hackers could steal it in just a single moment. No matter how hard we keep our private keys, hackers have their own ways do pursue stealing so we have to be wiser than them.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
Actually I think we have a two ways which are completely safe. Paper wallet and hardware wallet. I am using both. I created paper wallets and bought a Ledger. I am holding some of my coins in paper wallet
, some of in Ledger.
I think we should remind again about exchanges. All exchanges include some risk. It is not your money which you are holding in exchanges. Be carefull please.
We all have our own ways to protect our digital coins.
I'm actually keeping my coins in our local wallet which I find safer to use while I'm keeping some of it on my hard wallet.
I have never kept my funds in an exchange to get rid of hackers. We all know that hackers could also break the security system no matter how popular an exchange is.
I'm actually keeping my coins in our local wallet which I find safer to use while I'm keeping some of it on my hard wallet.
I have never kept my funds in an exchange to get rid of hackers. We all know that hackers could also break the security system no matter how popular an exchange is.
cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
https://github.com/rustyrussell/bitcoin-storage-guideThanks
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