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Topic: How to keep your funds secured? - page 10. (Read 22660 times)

copper member
Activity: 1050
Merit: 0
February 09, 2019, 11:36:23 AM
#87
You can keep your fund in an exchange that accepts 2 factor authentication like- email verification, phone verification, google authentication etc. So that you & only you have the access to your wallet. You can use "Coinbase", "Bittrex" & any other exchane that has a good reputation & two factor authentication facility.
sr. member
Activity: 1162
Merit: 251
February 09, 2019, 09:05:20 AM
#86
Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
Exchanges not meant for storing it is only for exchanging your funds so if you are storing there means then it is your mistake.Wallets are the one we need to store our funds and the type of wallet will choose the security level and if you want maximum security then you should buy an hardware wallet.
Thats right, if you save in exchange then it's only for trade funds, not saving funds for the long term. You have to know that third
parties can scam anytime, so use a safe wallet like desktop wallet or hardware wallet to save your funds
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
February 09, 2019, 04:32:56 AM
#85
Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
Localbitcoins would be the last place where I would keep my coins knowing the fact that it recently got hacked and the fact that there are so many scammers in that playground.
If you have a big capital and trade with a small amount from your capital then what can do is, keep your capital in a trusted wallet(Mycelium, Exodus etc...).
Then transfer the amount you want to trade with in to an exchange that is more secured than the others(Binance) . This is the safest way not to loose all your capital and still trade on an exchange.
sr. member
Activity: 1036
Merit: 281
February 09, 2019, 02:36:57 AM
#84
Research is the best way that you can use inorder for you to find a exchange that can ensure the safety of your funds. You said that you been experienced a worse scenario where your bitcoins are stolen by hackers,  you should be smart and be intelligent always for you not experience that situation again. There are only few exchanges that have high security like Binance, Bibox and Okex. You should choose careful!
full member
Activity: 1258
Merit: 104
February 09, 2019, 02:31:21 AM
#83
If you want a secured exchange then don't ever enter and put your capital in some site. Especially if the site is new and you have no specific information about it.  Must obtained information first to assure it's safe . ! And choose thus site that has a 2FA as well to protect your funds from hackers.
it's true because 2FA security is very safe for me to protect my assets, because all this time I have used 2FA security, my wallet has never been hacked
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
February 09, 2019, 02:29:17 AM
#82
If you want a secured exchange then don't ever enter and put your capital in some site. Especially if the site is new and you have no specific information about it.  Must obtained information first to assure it's safe . ! And choose thus site that has a 2FA as well to protect your funds from hackers.

It's better to not use the funds for anything than to keep and safe in secure wallets. There are many secure wallets we can use and even in our personal computer to save those funds. But we never have a chance to grow the funds because we decide to not use in anything and the money itself will not turn to bigger. Trading will be another way to increase the balance we have but of course, we need to select the recommend website and have a good reputable, so we don't have afraid for the bad things that might happen.
sr. member
Activity: 1988
Merit: 283
February 08, 2019, 10:22:18 PM
#81
If you want a secured exchange then don't ever enter and put your capital in some site. Especially if the site is new and you have no specific information about it.  Must obtained information first to assure it's safe . ! And choose thus site that has a 2FA as well to protect your funds from hackers.
full member
Activity: 574
Merit: 100
February 08, 2019, 01:45:59 PM
#80
exchange is only used to make sales and purchases of cryptocurrency and look for benefits that you can get from utilizing coin price movements, whereas if an exchange is used to store cryptocurrency assets you have that is a bad choice because your assets can be lost because the exchange can be affected hack like what happened some time ago.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
February 08, 2019, 07:06:38 AM
#79
Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
Exchanges not meant for storing it is only for exchanging your funds so if you are storing there means then it is your mistake.Wallets are the one we need to store our funds and the type of wallet will choose the security level and if you want maximum security then you should buy an hardware wallet.
legendary
Activity: 1218
Merit: 1000
February 08, 2019, 06:25:28 AM
#78
Actually all exchanges are very likely to be hacked even though they have high security. My advice after trading, it is better to move the results into bank account and do not keep it too long in exchange, because if it is too long to save it is likely to be hacked very high. I always do that if after trading. I usually move the results that I get to my savings bank account. I still keep it if I want to trade again but it doesn't last for a long time. That is my way of keeping my funds safe.
newbie
Activity: 9
Merit: 0
February 08, 2019, 03:05:14 AM
#77
I always keep my funds in my personal wallet except any exchange like forkdelta, etherdelta, hitbtc many more. I just keep my funds Binance and Kucoin exchanges because of safe exchange.
full member
Activity: 1638
Merit: 122
February 08, 2019, 03:01:08 AM
#76
I always keep my funds fully secured because i can't keep my funds in any exchanges like fork delta, etherdelta.com and other decentralized exchange. But some centralized exchanges binance, kucoin, and houbi also can you keep in those.

I also believe that to keep your funds secured, you have to spread out your portfolio projects that you researched and make sure to always have a cold wallet somewhere.
My advice is that you should not keep all the assets you have on the exchange, do you not see that the exchange place for cryptopia is having a hacker attack and causing them to lose their assets? so my advice is not to keep assets in exchange because the risk is too high.

Cryptopia is different from other exchange . others are fully verified to be secure we dont know yet if crypto hacking is inside job  or what if they intented to scam their users ?

For safety reasons we must not store all of our assets and cash in one place   . we must diversify them and scatter them on different kind of wallet or exchange so that we can have a back up if ever the other one will be hack .
full member
Activity: 1292
Merit: 101
Vave.com
February 08, 2019, 02:53:39 AM
#75
Quote
Im quite new to crypto so i wanted to know what exchanges

I always use Binance to do my trade.I also use Bittrex,Coinexchange etc.You can visit this exchange to get better idea.
Quote
but still be Can you recommend me a good exchange that hasn't been hacked yet?

I have never seen that Binance been hacked . So i can suggest you Binance ,Hopefully we will never face anything like that.
hero member
Activity: 1596
Merit: 502
February 08, 2019, 02:30:09 AM
#74
I always keep my funds fully secured because i can't keep my funds in any exchanges like fork delta, etherdelta.com and other decentralized exchange. But some centralized exchanges binance, kucoin, and houbi also can you keep in those.

I also believe that to keep your funds secured, you have to spread out your portfolio projects that you researched and make sure to always have a cold wallet somewhere.
My advice is that you should not keep all the assets you have on the exchange, do you not see that the exchange place for cryptopia is having a hacker attack and causing them to lose their assets? so my advice is not to keep assets in exchange because the risk is too high.
jr. member
Activity: 318
Merit: 1
February 08, 2019, 02:21:10 AM
#73
Those famous exchanges that i know in CMC that is the most secured funds will putting your money to trade for exchanges because other exchanges that I've know is not secured and getting scammed in past years.
jr. member
Activity: 233
Merit: 1
February 07, 2019, 11:56:22 PM
#72
I always keep my funds fully secured because i can't keep my funds in any exchanges like fork delta, etherdelta.com and other decentralized exchange. But some centralized exchanges binance, kucoin, and houbi also can you keep in those.

I also believe that to keep your funds secured, you have to spread out your portfolio projects that you researched and make sure to always have a cold wallet somewhere.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
February 07, 2019, 11:23:59 PM
#71
Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?

I think you can use any wallet/ device/ network you want but the easy way is never share with others, don't trust someone take control your equipment. Second thing is never save your asset into exchanges, many problems about this one. Last thing is always up date your information about new system and fees, in this one can break your activity, trust me.
sr. member
Activity: 1330
Merit: 326
February 07, 2019, 09:52:53 PM
#70
To keep your accnt. Secured always avoid phising site, one's you enter or install all personal transactions performed with your computer will be recorded in the attacker's database . In this way, the hacker's retrieves your personal information and can completely empty your accnt. Second, always enable your 2FA authy in your wallet.
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
February 03, 2019, 05:55:03 PM
#69
I use ledger since it's very acessible and it's safe. I don't keep my funds in exchange or any other third party wallets since it can be hacked. I always tend to hold my funds in which I have my private key.

Mishandling of our wallet were causes of losing our keys especially when we used to share computers to log in. Hard wallets is so expensive and isn't available in our country,  so we used online wallet just like mew but I've never experience of losing my keys or even hacked by someone.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
February 03, 2019, 11:23:19 AM
#68
I use ledger since it's very acessible and it's safe. I don't keep my funds in exchange or any other third party wallets since it can be hacked. I always tend to hold my funds in which I have my private key.
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