Topic: How to keep the BitCoins Safe? (Read 17715 times)
To keep Bitcoin safe, separate it from the internet. You can store Bitcoin into storage devices and then split it off the internet to off. Off wallet often avoids complete hacks from hackers, so there is no need to worry about your Bitcoin safety.
You can store in Exchange wallet like Binance, kucoin or Bittrex. All are secure and trusted. Besides you can use Blockchain or Trezor.
Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.
I did a detailed study of what exchanges to use and what wallets to use -
Let me know what you guys think.
At last the holder has to decide, where his assets should go after he/she passes away. This is just getting wasted when leaving the coins on a wallet and disappearing. What is the use of even keeping them safe when its not usable by any. Best think can be done is, choosing a person a nominee and leaving out the details to the nominee when he / she falls sick. I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.
I did a detailed study of what exchanges to use and what wallets to use -
- Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
- Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet
Let me know what you guys think.
You can keep your bitcoin asset is safe by always use best and potential exchange for holding your bitcoin asset, never save your bitcoin on new exchange market because is risk some time your fund is lost without any reason.
There's no such thing as safe exchange, no matter how trusted or legit they are. Remember, not your keys, not your coins. If you're a trader, don't leave loads of fund in your exchange, withdraw them somewhere safe like a hardware wallet or wallet that you have total control.
@Siren - thanks for that info, I'm not aware of Infinitus wallet, I'll probably check them out.
You can keep your bitcoin asset is safe by always use best and potential exchange for holding your bitcoin asset, never save your bitcoin on new exchange market because is risk some time your fund is lost without any reason.
There's no such thing as safe exchange, no matter how trusted or legit they are. Remember, not your keys, not your coins. If you're a trader, don't leave loads of fund in your exchange, withdraw them somewhere safe like a hardware wallet or wallet that you have total control.
@Siren - thanks for that info, I'm not aware of Infinitus wallet, I'll probably check them out.
If you keep save your bitcoin or your altcoin asset on online exchange wallet always use google authicator and keep is safety than without use 2fa, you have keep your phone is safety and do not know about your phone.
Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.
I did a detailed study of what exchanges to use and what wallets to use -
Let me know what you guys think.
I think you shoukd visit this thread for another option in saving our precious crypto assetsI have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.
I did a detailed study of what exchanges to use and what wallets to use -
- Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
- Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet
Let me know what you guys think.
https://bitcointalksearch.org/topic/annicoinfinitus-smart-designation-repository-4459629
Infinitus team are now creating a Super wallet to bring cryptonians a better and safer holdings of our assets
Hope you’ll find useful in this one,since we as a cryptocurrency holders are looking for something we can rely kn,specially in times of emergency
You can store in Exchange wallet like Binance, kucoin or Bittrex. All are secure and trusted. Besides you can use Blockchain or Trezor.
Thats bad idea, if you keep your money in exchange, third parties are very vulnerable to hack and cheat. so don't use a third party to store your money, of course you heard the recent news about cryptopia right? I think you should learn from this tragedyThe end result of any exchange using third parties will not yield good and reliable result. Never forget the recent attacked on exchanges including the trusted ones which lead to major lost of customers funds. Experience has taught me not to ever keep my coins in any exchange because i was a victim of the said Cryptopia hacked account with over $300.
save assets in a safe place, dont use third party ! and if you want to trade, use an old exchange that is already guaranteed
Its really better to keep your bitcoins in a hardware wallet that leaving it in an exchange or web wallet because its more risker than a hardware wallet. Mostly crypto experts recommend a paper or hardware walley to keep
your cryptocurrencies.
Your discussion is good in all regard but I only chose blockchain as it keeps our bitcoin safer from all kind of having issues and it helps us to hold and let it grow, I am happy I am using blockchain it is best wallet ever, we can save as long as we want, nothing is bad in it, blockchain is easy to hold and it is helps us keep our bitcoin for long as long we want to hold. your cryptocurrencies.
Its really better to keep your bitcoins in a hardware wallet that leaving it in an exchange or web wallet because its more risker than a hardware wallet. Mostly crypto experts recommend a paper or hardware walley to keep
your cryptocurrencies.
your cryptocurrencies.
Of course there is no other way to keep bitcoins safe and that is to create 3 or more hardware wallet if you just intend to hold bitcoin. But, if you are trading it then definitely that would be risky and it will compromise your holdings for there are many scammers, hackers, and fraudsters out there. Hackers would be the main reason getting out your bitcoin while your sleeping and the other reason if your bitcoin will be stolen is just due to your ignorance.
Bitcoin was introduced for perfect anonymity and al the transaction was recorded publicly in block chain technology. Bitcoin seems to be secure because of the digital decentralized and anonymity of the transactions To keep Bitcoin safe, store a small amount of Bitcoins in wallet app for low value transactions and not to give your private keys to anybody .
Wallet offline is the best solution how to keep your bitcoin si save, never use online wallet for keep holding your asset on long term because its really risk and many hacker will try for access your bitcoin wallet or your account.
im using online wallet for a long time and i never been hacked . it only depend on the user on how he secure his wallet . but yes your right , offline wallet is more safer because no one can harm you . its advisable if you have lots of balance in your account but if you are only a small time bitcoiner like me , then no worries . no hacker will have an interest to touch your coins . hacker are also choosey they go for bigger account holder .
Comrade, i will state this categorically that, not all hacked are done without the negligence of the Hodler. Many hacked were as a result of ones carelessness to either a friend or to a relative. These type of negligence could lead to the lost of $40 to $100 and above, once you cann't secure your private keys and password then get ready to loose any amount to petty hackers weather the said amount in the account is small or big.
You can store in Exchange wallet like Binance, kucoin or Bittrex. All are secure and trusted. Besides you can use Blockchain or Trezor.
Thats bad idea, if you keep your money in exchange, third parties are very vulnerable to hack and cheat. so don't use a third party to store your money, of course you heard the recent news about cryptopia right? I think you should learn from this tragedyThe end result of any exchange using third parties will not yield good and reliable result. Never forget the recent attacked on exchanges including the trusted ones which lead to major lost of customers funds. Experience has taught me not to ever keep my coins in any exchange because i was a victim of the said Cryptopia hacked account with over $300.
Wallet offline is the best solution how to keep your bitcoin si save, never use online wallet for keep holding your asset on long term because its really risk and many hacker will try for access your bitcoin wallet or your account.
im using online wallet for a long time and i never been hacked . it only depend on the user on how he secure his wallet . but yes your right , offline wallet is more safer because no one can harm you . its advisable if you have lots of balance in your account but if you are only a small time bitcoiner like me , then no worries . no hacker will have an interest to touch your coins . hacker are also choosey they go for bigger account holder .
Wallet offline is the best solution how to keep your bitcoin si save, never use online wallet for keep holding your asset on long term because its really risk and many hacker will try for access your bitcoin wallet or your account.
You can store in Exchange wallet like Binance, kucoin or Bittrex. All are secure and trusted. Besides you can use Blockchain or Trezor.
Thats bad idea, if you keep your money in exchange, third parties are very vulnerable to hack and cheat. so don't use a third party to store your money, of course you heard the recent news about cryptopia right? I think you should learn from this tragedyIf we do not have the intention to trade our coins in the near future, it would be better if we withdraw all our coins and store it in our personal wallets. Leaving coins in exchange for a relatively long time is certainly very risky. There are many examples of cases that are less pleasant about it and we should make the anticipation.
Use Good hardware wallets like Trezor to store your funds. Storing is exchanges is never advisable. Also, Try to trade on exchanges that do not ask for KYC as there are cases where the KYC documents are sold after the exchange is hacked.
Few exchanges that do not ask for KYC are:
1. Bitmex
2. CoinSwitch.co
3. Changelly
You can store in Exchange wallet like Binance, kucoin or Bittrex. All are secure and trusted. Besides you can use Blockchain or Trezor.
Thats bad idea, if you keep your money in exchange, third parties are very vulnerable to hack and cheat. so don't use a third party to store your money, of course you heard the recent news about cryptopia right? I think you should learn from this tragedyIf we do not have the intention to trade our coins in the near future, it would be better if we withdraw all our coins and store it in our personal wallets. Leaving coins in exchange for a relatively long time is certainly very risky. There are many examples of cases that are less pleasant about it and we should make the anticipation.
Now a days Bitcoin has taken the world by hand better than tradition currency . People all over the world has accepted Bitcoin as a trust worthy currency than fiat currency since Bitcoin is a digital decentralized currency no intermediary is involved in the transaction of money so there is no extra expense in transactions and the transaction is fast with low fees .Since to be safe with Bitcoin we have to be caution and have to take some advantages .Bit coin can be kept in wallets and the safest way to keep your private keys away from the internet so you cannot be robbed by hackers we can store the Bitcoin offline in a hard wallet .
You should never keep in exchanges more rhan you need to trade in the near future. Exchanges can be hacked more easily than a hardware wallet.
If you have important amounts of crypto, just buy a ledger nano s or other cold wallet.
If you have important amounts of crypto, just buy a ledger nano s or other cold wallet.
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