No centralized exchange can guarantee you a secured fund. Just make sure not to leave a lot of funds on exchanges especially the centralized ones. It's just too risky. Only use those exchanges when you want to quickly buy or sell your Bitcoin. Again make sure you don't leave a lot of funds there after trading.
By the way, It is said "you don't own your Bitcoin if you don't have the Private keys."
If you need secure place to store your coin safely, then use electrum wallet https://electrum.org/#home as some above suggested.
Topic: How to keep your funds secured? - page 12. (Read 22660 times)
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?
If you want to save safely, offline wallet can be the first choice. When you use a wallet then you can store it safely and use it when you need it. But for a trader with an active transaction, this is quite troublesome because it has to send transactions frequently. The next choice is to save Bitcoin in an exchange that already has a good reputation so that the Bitcoin you have will be safe and secure. Many choices and in my opinion Binance and Bittrex are the main choices for investing Bitcoin that we have. Take your money and save it in the bank.
that is probably the safest way, because when you start trading you are sure that your exchange is safe for saving assets / coins.
if you doubt how you trade. this is a fundamental issue of a trader.
saving money at the bank is the safest way, but if the money we have is too much then we should be able to save it not in one location, we can divide it into several savings, to keep if something unexpected happens, for example the bank we choose went bankrupt, if we want to trade then we can quickly move our money from the bank into the crypto trade. that is probably the safest way, because when you start trading you are sure that your exchange is safe for saving assets / coins.
if you doubt how you trade. this is a fundamental issue of a trader.
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?
For me using localbitcoin is useful and it secured, I suggest there's was many exchange secured and reputable keeping your fund like coinbase for example.
Or you can search at the google what is the best exchange fit to use in your location or country where do you reside or use NANO hardware wallet that is very sure feature incrypted keys.
A lot of crypto wallets exist today but some of them have a questionable existence, it is better to stay on the old wallets just like MEW, hard wallets and Electrum wallets. Though it isn't have a 100% fully secured and so we can't assured for fully secured funds as it only matters how the owners handling it. I'm one of the long users for these wallets and I'm not experiencing of losing my funds on it.
There are more existing good exchanges out there just like Binance and others yet it is not recommendable to put your money in any exchanges. If anything bad happens to the exchanges they won't give you a refund of your stolen tokens, though Binance is different to the other exchanges and i can assure you that.MEW on the hand is good for storing ETH though once you lost your private key then you will lose your ETH forever.
A lot of crypto wallets exist today but some of them have a questionable existence, it is better to stay on the old wallets just like MEW, hard wallets and Electrum wallets. Though it isn't have a 100% fully secured and so we can't assured for fully secured funds as it only matters how the owners handling it. I'm one of the long users for these wallets and I'm not experiencing of losing my funds on it.
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?
A good Exchange for security reasons is Liquid, a Japanese regulated exchange. It has very slow withdrawals (which is quite annoying...) since they keep 100% of their funds on cold storage, but this thing here for security reasons is excellent.
Here's the link: https://www.liquid.com/
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?
If you are keeping your crypto, I recommend you to use Mew, Ledger nano, or trezor. Using exchange its too risky, don't you know that mate?
Never repeat what you already did before, its some kind that you yourself is the one who killing your own capital investment.
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?
yes it is very dangerous for you who do not have a very good security system, which can recommend storing it in a big and well-known wallet especially from security itself how you store it very carefully, if you want to keep it in the exchange that I recommend is keep it in guaranteed exchanges and the biggest to prevent everything at high volume such as binance, it is very good to exchange or trade, I do not recommend saving it to a new exchange site and not currently listed, money is very sensitive so be careful in storing it.
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 every exchange has a big risk with hacking, so if you want to secure your crypto but still want to be able to trade, then it will be difficult in my opinion because if you choose that way you should still use exchanges and even a famous exchange will also have issue, which means that not all exchanges are clean of a problem. 
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?
If you are keeping your crypto, I recommend you to use Mew, Ledger nano, or trezor. Using exchange its too risky, don't you know that mate?
Never repeat what you already did before, its some kind that you yourself is the one who killing your own capital investment.
The only way for you to secure your funds is to divided it and spread to different exchanges site incase the exchanges site who are hacked you still have others and that is really helpful for sure it's risky to secure all your funds in one exchanges site because not only the hacker you need to avoid also the possibility the exchanges site close.
I wouldn't recommend keeping coins on exchange at all, except the amount that you want to trade. Exchanges are not wallets and definetely are not secure enough and very volatile because of being constant target for hackers.
If you want to secure your funds it's much better option to keep them in different wallets where you can control private keys and adjust security features. Of course there is no 100% security anywhere but you have to know that you are responsible for your funds on your own and you have to use all available tools and options that could help you with that.
I also keep my cryptocurrency in different places, including exchanges. But these are small amounts. The main part is still stored on the Ledger hardware wallet. I bought it immediately, as soon as I started to get more or less good profit. And I think that it is worth its money and you should not spare funds for such things.
If you have some altcoins or coins that provided in Erc20 use MEW wallet for secure wallet and easy to use. For sure it will secretly it will be on your own because it can't possible access by anyone.
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?
If you just want to store your funds then why are you putting them into exchanges? Why don't you try Ledger wallets, or any paper wallets? Even a simple blockchain wallet can keep our bitcoins safe actually but you can use cold storages, hardware wallets and much more if you are planning to store them for a large interval and are much concerned about their safety.
The only way for you to secure your funds is to divided it and spread to different exchanges site incase the exchanges site who are hacked you still have others and that is really helpful for sure it's risky to secure all your funds in one exchanges site because not only the hacker you need to avoid also the possibility the exchanges site close.
Safest is to keep funds offline. Funny thing is most of mine are online , cuz I trade a lot. So that depends, if you need quick access to your btc/altcoins, exchanges might be faster and generally safe.
Some ways and steps have been done by several people, but if you know that there are still many exchanges that are conceded and hit by hacker attacks that make the exchange place a loss, these thieves try harder than you do with the assets you have.
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.
If some one is a daily trader and require funds then using multiple secured exchanges is recommended . Also for people who are long term holders and do not require it daily then better to store if offline so that you do not have to worry about the stolen or theft that might happen .
The safest way to save your funds is in an offline wallet, but if you are a merchant, it seems that I would suggest binance. Apart from having good security, binance is also a convenient place to trade because it has a large trading volume and provides many types of altcoins.
Jump to: