Topic: HOW TO KEEP YOUR BITCOIN SAFE AND SECURE - page 2. (Read 481 times)
Always make sure the address of the site you're visiting is correct and not a fake site, Use two-factor authentication across your Bitcoin wallet and email address, Use the password manager program, If you're using a Gmail account, perform a security check.
All of the above and also, learn from others. This article is both horrifying as educational: https://medium.com/@CodyBrown/how-to-lose-8k-worth-of-bitcoin-in-15-minutes-with-verizon-and-coinbase-com-ba75fb8d0bac
Dear all,
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
This is how I protect my crypto-currencies.
Getting a cold wallet like Ledger nano and Trezor wallet will solve the issue but just in case you dont have them, you can store them in a paper wallet.
Secured your passwords and passphrase by putting them in offline and not connected to your pc.
Save all your files from your computer especially your wallet back-ups in a USB.
Use an anti-virus to protect you from phising sites and viruses that may harm your computer.
Protect your emaills and accounts in the Exchanges.
Do not put large sums or coins or your Bitcoins in an Exchange. If you're daily trading, just put the coins you use for daily trading. Then keep the coins for long-term investment in your offline wallet.
Even thou you will use trezor, ledger, paper wallet, cold wallet as long as you don't keep your bitcoins rolling then it will not be doubled and be safe, this is my point, no matter how you put security on your bitcoin and not checking it daily then you cannot supervise it, the good thing with trezor and ledger is you hold the item which keeps your bitcoin, or other crypto but always be careful with your treasure, and with cold wallet and paper wallet as long as you are connecting into internet then you are less likely 75% safe, so my advice is don't just keep it just make it roll. Daily supervision daily loss and earnings.
Dear all,
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
This is how I protect my crypto-currencies.
Getting a cold wallet like Ledger nano and Trezor wallet will solve the issue but just in case you dont have them, you can store them in a paper wallet.
Secured your passwords and passphrase by putting them in offline and not connected to your pc.
Save all your files from your computer especially your wallet back-ups in a USB.
Use an anti-virus to protect you from phising sites and viruses that may harm your computer.
Protect your emaills and accounts in the Exchanges.
Do not put large sums or coins or your Bitcoins in an Exchange. If you're daily trading, just put the coins you use for daily trading. Then keep the coins for long-term investment in your offline wallet.
For safety, it's best to buy hardware wallets such as Ledge Nano S or Trezor to store crypto that will be the safest. Because if you define hold for more than 6 months, it should be stored in hardware wallets instead of stored in online portfolios such as MEW will be very dangerous because the current MEW was attacked a lot by the hacker recently. And absolutely should not visit the fake websites and always check the site carefully to avoid encountering phishing website.
The most reliable option is to store your private key, coded, on a paper sheet, without names and titles.
Use the operating system ubuntu, for sending your bitcoins to a cold wallet. Do not store all your savings on exchanges.
Use the operating system ubuntu, for sending your bitcoins to a cold wallet. Do not store all your savings on exchanges.
only way to keep bitcoin safe completely is print a paper wallet and store it in that wallet .
2nd best way is hardware wallets like trezor and ledger nano .
keeping btc in online wallet can be risky if you are under attack of hacking .
2nd best way is hardware wallets like trezor and ledger nano .
keeping btc in online wallet can be risky if you are under attack of hacking .
Everytime you keep your coins in hot wallet it means online wallet such as web wallet or desktop wallet which your pc connected to the internet you have change to be victim of some issue. But you could protect your pc and connection with some firewall or anti malware so it will secure. If you want more secure you could use cold wallet such as Ledger Nano or Trezor so your coin will keep offline and less change to lost your coins.
While a hot wallet is a problem there is a big difference between an online wallet or a desktop wallet, a desktop wallet is a lot more secure for the simple reason that you are a smaller target, if you only have a few bitcoins it is very unlikely that a very resourceful hacker is going to try to attack you, but that is a different story to an online wallet which is a big enough target for very skilled hackers. some friends from my community always suggest to keep assets in official wallets or hardware wallets and they say do not click any links that we do not know the source.
Mostly keep them in the offline wallets, take almost all security measures to keep safe. You are right to check twice before clicking any link because most scammers out there are targeting to steal your money. Activate all security measure to protect your account.
Everytime you keep your coins in hot wallet it means online wallet such as web wallet or desktop wallet which your pc connected to the internet you have change to be victim of some issue. But you could protect your pc and connection with some firewall or anti malware so it will secure. If you want more secure you could use cold wallet such as Ledger Nano or Trezor so your coin will keep offline and less change to lost your coins.
Dear all,
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
This is a difficult question because there are so many ways in which you can lose your money to scammers or hackers, when it comes to scammers the best thing to do is to not trust anyone always use an escrow if needed and if something seems to be too good to be true then most likely this, when it comes to hackers things get a lot more complicated but try to use a safe operative system and avoid downloading anything suspicious. Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Ledger Nano wallet wallet is important wallet to store bitcoins
Dear all,
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Common sense cannot be taught to everyone and it is something you are born with. If you keep clicking on third party links where they ask you for your private keys or download a malicious software which injects virus into your system and reads your private keys then I am afraid that there is nothing that can be done to make your Bitcoin Wallet secure.Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Every human is susceptible to poor judgement and errors, but one has to be really careful while accessing the PC with the private keys. So, common sense is what can save you from the scams!
The most sought after question in the crypto ecosystem. How to safely store ur BTCs. I have an answer and it BUY LEDGER NANO S.
Also following advice:
Never share ur private keys ; Dont download anything with malware on your computer which connected on your wallet; Use correct address while sending transactions; HAve a strong anti virus in ur laptop.
Do whatever buy dont get hacked.
Also following advice:
Never share ur private keys ; Dont download anything with malware on your computer which connected on your wallet; Use correct address while sending transactions; HAve a strong anti virus in ur laptop.
Do whatever buy dont get hacked.
This is one of the most problem of all crypto holders, how to protect of their holdings specially bitcoin from those scammers, but here's a link that can help you with your problem with your bitcoins, https://medium.com/@gerard_blueteam/how-to-keep-yourself-protected-from-crypto-scams-e44aa0576940 that link contains of some tips on how you can keep your self protected form crypto scams, hope it will help you to keep your bitcoins safe and secure.
A key step to protecting your cryptocurrency is to store anything of significant value in a hardware wallet—a physical device, like a USB drive, that stores your private keys and currency locally, and isn’t connected to the internet. Experts caution against storing large amounts of coins through cryptocurrency exchanges, or in digital wallet apps on your smartphone or computer.
You can use a ledger wallet and store cryptos there which makes it offline and relatively safe from hacks
I agree with you, Hardware wallets are more secure than online wallets, Like you said using a ledger wallet and store our Bitcoin on it, it will be a very good choice because your Bitcoin will be safe. I think hardware wallet should used when you have a massive number of btc whether we can use an online wallet like blockchain.info. 
Make sure your private keys and password are safe.
Dont download anything with malware on your computer which connected on your wallet.
If possible just have a laptop with your cryptocurrency transactions only and set aside other things.
Make sure you are sending with the right address always.
Never public any of your information related with bitcoin wallet.
Dont download anything with malware on your computer which connected on your wallet.
If possible just have a laptop with your cryptocurrency transactions only and set aside other things.
Make sure you are sending with the right address always.
Never public any of your information related with bitcoin wallet.
Dear all,
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
So what would you do?
Please share your opinions!
Thanks.
Depend on your aim when holding BTC. If you hold BTC for trading, you can hold it in the exchange which you trading, some of the big exchange such as Bittrex, Binance, Houbi, Okex.. is highly recommend for you. If you hold BTC and wait for high price and sell, the best way is hold BTC in blockchain wallet.
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