How do you protect your digital coins? - page 4.

xSkylarx

hero member

Activity: 2352

Merit: 594

Quote from: ?? on ??

We can save our bitcoin or altcoin on exchange market but we have added authicator to protect our digital coins is safe, but we can save by using offline wallet like nano ledger wallet.

It is not advised to store your cryptocurrencies on exchanges even if you enabled its 2 factor authentication. You don't have personal control over your coins there. Once the owner of that site decides to freeze all withdrawals you can't do anything about it. The best choice is to use hardware wallet but not all can afford that so using some wallets that supports multiple cryptocurrencies is also good.

gangem07

full member

Activity: 598

Merit: 100

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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 used to hold coins in hardware and paper wallet i think these two are the safest wallet i know.Hackers are everywhere even big exchanges are hacked.My advise is don't click phising sites.

brotherwood12

member

Activity: 686

Merit: 30

1. if i want do long term holding , i will put my coin on blockchaain not on any exchange
2. read carefully site that i want to go to make sure that was not fake site
3.using google auth

sehoon

full member

Activity: 840

Merit: 101

I don't have any hardware wallet that is why the best thing I can do right now is don't let my funds stay at exchange sites since it is vulnerable to hacks and use metamask to help me avoid phishing sites and also have a separate exclusive for cryptocurrency related activities. But I think having a hardware wallet is the safest.

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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 ?

There are many options. Of course, the best thing to do with your coins is to store them in a cold wallet. That is going to be relatively secured from possible hacks and all. And then keep your private keys, pins, and seeds in a very safe place. As much as possible write them down on a piece of paper and then keep them away from anybody except yourself.

minhlee95

full member

Activity: 527

Merit: 101

DIA | Data infrastructure for DeFi

There are several types of wallets for storing cryptocurrencies.
There are online wallets located on third-party sites. For Example Blockchain. There are wallets that can be downloaded as an application on your computer or mobile phone. And there are cold storage wallets, such as Trezor or Ledger. These wallets do not have permanent access to the Internet and are therefore considered the most secure.

princerepon

full member

Activity: 994

Merit: 101

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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 ?

No one can't hack your crypto until you safe your personal address. try to keep your crypto in your desktop wallet or core wallet. it's safer than any exchange wallet. check your wallet every time if it's need to update. be smart and keep safe your crypto coins/tokens. Wink

Skieleton

sr. member

Activity: 686

Merit: 282

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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 ?

Use only hardware such as Trezor. This is a good security ... Now when Bitcoin is expensive thefts will be frequent. It's worth to protect yourself

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

I suggest you to use hardware wallet or offline wallet.Hardware wallet is the safest ti keep your digital currency.But if you want to keep your currency in online wallet you must need to use 2fa for safety.Also never give your password/private key to another person

pragna

full member

Activity: 1582

Merit: 101

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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 ?

Nothing to worry actually. Just save your private key in secure place that don't stolen and make sure to do 2fa authentication if there access and never store your all keys into mail account that may anytime hacked. You are safe.

Best of luck.

spacehopper

member

Activity: 121

Merit: 10

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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'm using two trezor hardware wallets.One for day to day use and other one for save and store digital currencies for longtime.I hold both bitcoins and ETH based currencies in those.Did not faced any hacking or stealing so far.Hope that status will continue. Electrum wallet is good for online transaction.

clair508

jr. member

Activity: 136

Merit: 1

Bitcoins -Few are in online bitcoin accounts and most of in my TREZOR. Sometimes using Electrum
ETH- Myetherwallet and Ledger Nano

I using two hardware wallet because of different currencies and for safety of the bitcoins. TREZOR only using few times per month. That is how I protect my digital coins.It was a good method so far. Electrum is enough more most times.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: ?? on ??

I am using Blockchain wallet to send and receive my Bitcoin with 2-factor authentication, private keys stored in a safe place.

My method is quite similar to this, but I keep it on an exchanger so it's easier to exchange it when I need money. however, I also use 2fa to strengthen it, and of course I choose a trusted exchanger.

Same here, I also use a trusted exchanger with 2fa to put an extra security to my wallet and I also it has a feature to use fingerprint in opening the exchanger or wallet app.

^ Remember that you might trust trustworthy exchange for a short term only if you are going to store your bitcoin there. That is very risky when you store bitcoin in exchange even it is trusted. Once you did not own your private key in your wallet, then, the coins that your store is not yours. I think that is the proper protection of your coins even how many layers of security code did you put as long as there's a third party holding your fund (which is exchange) then I conclude that is not safe.

Pyr3x

full member

Activity: 602

Merit: 100

The most important thing is not to tell everyone that you have a cryptocurrency. The fewer people who know about it the better. And of course you should buy a hardware wallet. For example Ledger a great wallet and is not expensive

xWolfx

member

Activity: 322

Merit: 20

Donating 10% to charity

Quote from: ridhobagus2308 on July 11, 2019, 11:25:42 AM

Honestly if you just want to hodl just put your assets on your phone that you never use, if you don't have one buy the cheap one or you can buy hardware wallet. don't always connect to the internet or don't connect to the internet at all unless you want to sell it. and when you sell it just make sure its not phising site and you would be good, also don't forget the back up.

Remember that all components will eventually fail. Then if you try to turn it on years later you will find that it won't turn on, by coincidence i was yesterday checking some old phones.

A hardware wallet sounds like a much better idea if they have a substantial amount which is practically the only way that would be justified besides just personal preference. Cold wallets have a much much difficult way of storing and eventually finding and using.

Phones were made to be used often and for other purposes. Hardware wallets were made specifically for the purpose.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: joinfree on July 12, 2019, 01:41:40 AM

You can keep your cryptocurrencies on either a hardware wallet or software wallet but keeping them on a hardware wallet is the safest. Also, make sure you back up your private keys to a safe place and you don't share them with anyone so that you don't get hacked.

That would be stupid if we share our private key to anyone as that is our password to access our money.
Even within my family I never share the password, but I keep it in writing and keep it in a place where I tell them to access in case I will never gonna access it anymore, you know some case of death, we also have to prepare for that possibility especially if we are keeping a big money in that wallet.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: ashraf79 on May 08, 2019, 04:12:25 AM

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 ?

There’s only one important thing you must never forget and this is “Not to leave you currencies in Exchangers after you trade?because the main target of hackers are the exchange that holds our money,and try to prevent yourself to click links shared here because some of them are phishing sites

joinfree

sr. member

Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

You can keep your cryptocurrencies on either a hardware wallet or software wallet but keeping them on a hardware wallet is the safest. Also, make sure you back up your private keys to a safe place and you don't share them with anyone so that you don't get hacked.

fiulpro

hero member

Activity: 1890

Merit: 831

*hold your own private key
*Don't share it in any circumstances
*Make sure the wallet you are trusting have been reviewed and backed up by good views
*Check online for any problems related to the wallet you are holding coins into , just keep checking time and again ..like every week or two
*Don't prefer an online wallet , go for an offline one .
*Do not keep money in wallets in which there is no security
*If you are holding for long term then again , you can just turn off the sending Bitcoins option , it needs both email and mobile verification to be active again.
* Use Google authentication if possible
*Don't put your fingerprint there at any cost , it might be comfortable and easy for you but might take you anywhere
*Take care of your paper wallet like it's gold
Etc... Infact there are thousands and thousands of steps you can take to make it safe but at the end o the day , just stay away from the limelight and just do everything in silence , don't tell your friends and family about how many Bitcoins you own and stuff , even that may just be the trigger for someone.

tiedcoin

jr. member

Activity: 89

Merit: 2

The very first step to protect your crypto is to store them in hardware wallets, paper wallets, or cold storage. You should also keep your information private and avoid public WiFi networks as these networks are an easy target for hackers.

Always use strong passwords and add 2-factor authentication for all of your accounts. You can even spread your cryptocurrency among multiple wallets.
Always use a password manager, so you don’t use an old password. Never post your email address, home address, or phone number on social media. Keep your antivirus up-to-date to avoid downloading malware. Besides, don’t forget to backup your wallet periodically. And, for cold storage wallets and backup wallets recovery seed at home, keep them in a fireproof safe.

Topic: How do you protect your digital coins? - page 4. (Read 1943 times)