Topic: How to keep your funds secured? - page 13. (Read 22685 times)
What hardware wallet would you recommend then? Trezor, Ledger?
I also like that to secure my funds or assets in binance especially, because the exchange there is very good and fast and safe from the word loss
No offense but that was a risky move of yours. Exchanges are not intended to use for coin storage, digital wallet or cold storage does. Yeah! There's no doubt that binance is a secured and trustworthy exchange but we can't still conclude that it will not be prone to cyber attacks anymore. Like on the famous line in Who am I — there's no system is safe — so keep playing safe everyone. Use an offline wallet like Nano Ledger S to keep your crypto assets safe. Although expensive but its worth buying specially if you have lot of coins at your disposal
How exactly does this work? When you want to sign a transaction you connect this thing to your pc, then press the button on the device and then what happens?
Use an offline wallet like Nano Ledger S to keep your crypto assets safe. Although expensive but its worth buying specially if you have lot of coins at your disposal
How exactly does this work? When you want to sign a transaction you connect this thing to your pc, then press the button on the device and then what happens?
All centralized crypto exchange has possibility to get hack, and we dont know which exchange will never get hacked. So if you want to do trading, choose exchange that has program that give more security for our fund. Currently only Binance that has SAFU program that offer protection for fund of user incase any hack or similar case.
Use an offline wallet like Nano Ledger S to keep your crypto assets safe. Although expensive but its worth buying specially if you have lot of coins at your disposal
How exactly does this work? When you want to sign a transaction you connect this thing to your pc, then press the button on the device and then what happens? 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?
After these hacks I had read multiple things on google and researched a lot. Do not keep your funds in any exchange. There are two reason:
1. your funds are not safe.
2. your KYC documents are sold after hack.
If you want to play a safe game use non-cutodial exchange which do not require KYC example: CoinSwitch also more importantly use safe wallets(Like trezor) and save your private key safely. Do not share your private key at any cost.
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 .
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'm sorry but to be honest, all exchange are open for hacks I believed. So there's also that risk to lose your money in an exchange. That's why we practice not to put a lot of money in an exchange and just enough for you to make trades and then withdraw them somewhere safe, in a hard ware wallet.
However, if we look at history, Binance is a good choice, well they have been hack but they are very quick to respond. https://hackernoon.com/alleged-hack-of-binance-linked-to-viacoin-pump-bb9066bf96bf. It was not a direct hack, although hackers used to spoof Binance and then steal credentials to be able to access the account of unsuspecting victims.
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.
I could recommend to store you money in a hard wallet, I'm everyone who say that to you.
However, since you are asking about exchange,..
Can you recommend me a good exchange that hasn't been hacked yet?
Binance is a good exchange, it has been hacked but it does not affect the traders money, it's still intact and they had improve their security already. You should go with big exchange is safe keeping funds as an alternative because they have their clients as that way they boost their reputation.
if you want to hold your coin for the long term and you dont want to trade just put in myetherwallet.. im sure your coin is safe and private key protected..
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?
You recognize the dangers of storing your coins in an exchange and yet you still want to do it, take control of your coins and do not keep them at exchanges, if you are going to be a trader then as soon as you end your day get your coins out of the exchange, that way you will reduce the chances that you lose your coins to a hacker that found a way around the security of the exchange.
For sure lot of people keep stolen you funds if your information about your funds in not secured such as people need information to access your account so don't share it to other people you don't even know.
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 keep my crypto in nano ledger S,and i think is fully secured because everything we do manually.
Use an offline wallet like Nano Ledger S to keep your crypto assets safe. Although expensive but its worth buying specially if you have lot of coins at your disposal. Do not just rely on on exchanges as there are lot of exchanges that have been infiltrated by the hackers like the latest was Cryptopia exchange therefore even trusted exchanges are not reliable too.
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?
Avoid keeping your crypto on exchanges. There are no "safe exchanges" really. If it hasn't been hacked yet, it probably will be in the future.
If you're actively trading, I recommend Coinbase and Binance. Both are very reputable and both keep the vast majority of deposited crypto in cold storage. Out of an abundance of caution, I would avoid storing funds there though. That's what wallets are for.
I recommend downloading Electrum if you need a lightweight, user-friendly wallet for storing funds.
https://electrum.org/#home
You should remember to avoid store your crypto currencies with large amount on exchanges. There are no exchanges with 100% safe. Moreover, you store assets on unfamiliar exchanges, it will have higher risk. But if you ask for the best exchange to keep currencies, in my view it is Binance. However, you should think to store it with other ways, for examples : keeping it on hard wallets.
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.
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?
Obviously if you want to keep your coins "safely" , you don't need to stored it on any exchanges around.
But since you want to do regular trades and don't want a hassle way of depositing and withdrawing it and vice versa, you want an exchange where you can put some "trust" in terms of "security".
Well then, you can put a shot on those reputable exchanges that already established a good reputation. What are those? Honestly I can't suggest you some since I want you to learned it by yourself. Who knows that we might have different experienced using those exchanges.
Just remember one thing, it's not 100% assurance that your funds are safe even using a big exchanges. It's just that you are minimizing the risks of losing your funds when you choose a reputable one.
Goodluck.
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?
To find a good exchange that has not yet been hacked, you can look at the list of the crypto currency exchanges with a high trading volume, for example:
https://coinmarketcap.com/rankings/exchanges/
As a rule, large crypto currency exchanges hire highly qualified employees and invest heavily in security, therefore you most likely will not be hacked if you choose one of the TOP-20 crypto exchange markets.
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