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Topic: How to keep your funds secured? - page 4. (Read 22660 times)

hero member
Activity: 1008
Merit: 501
May 04, 2019, 03:31:21 AM
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?
Don’t put all your money /coins on exchanges, they can get hacked and you will lose your money. There are safe exchanges though, but I will still advise you not to put all your money into their hands. The only money that has to be on exchanges is the one you’re trading with, the rest should be in a very secured wallet, maybe an offline wallet or wallets like Trezor.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
May 03, 2019, 07:06:23 PM
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?
Keeping funds secured is the number steps to keep in mind when embarking on Cryptocurrency hunting and the rest have you. Now we have lots of ways. And everyone in the Crypto space has its own ideas to give out. On my own path I don't store my funds in an online wallet where I don't have the private key to and secondly I don't store my private keys and other key online. And another aspect of securing funds on an Exchanger or any platform you come across is to deeply make some research before dumping your funds in them.
full member
Activity: 280
Merit: 102
May 03, 2019, 06:42:36 PM
You should store it on a cold wallet or hardware wallet if you have large volume but if you have small volume atleast below .1 btc amount, you can store it on exchange like binance then you should turn on the 2fa or sms aunthentication or any security practices that can help to protect funds to avoid phishing or hack your account
full member
Activity: 519
Merit: 197
May 03, 2019, 06:29:20 PM
maybe use CMC (coinmarketcap) and from there find good trustworthy places to store your money i think it will be much better and also trade with place that have high to moderate voulmes those are places trusted by most traders and they usually handle large amount of money so usually they wouldnt mess around so much
CoinMarketCap?,
you have to read this https://bitcointalksearch.org/topic/coinmarketcap-faking-volume-5124830
just for  reference https://bitcointalksearch.org/topic/real-exchange-volume-vs-cmc-data-5125712
we have to carefull about fake volume
full member
Activity: 1470
Merit: 103
COMBO 2.0
May 03, 2019, 06:13:01 PM
maybe use CMC (coinmarketcap) and from there find good trustworthy places to store your money i think it will be much better and also trade with place that have high to moderate voulmes those are places trusted by most traders and they usually handle large amount of money so usually they wouldnt mess around so much
hero member
Activity: 2954
Merit: 605
May 03, 2019, 12:51:48 AM
I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets

indeed to be able to store assets that you have that are safer you can store them on hardware but when your assets don't have a large amount it doesn't really matter, you store them in a wallet like blockchain.info or on myetherwallet, don't ever store assets in place the exchange is too long because it's too risky.
As an investors you have to had two kinds of investments, one of short term which you can use to actively trade and one is for long term.
For long term, make sure you stored it securely, it's right that you invest on hard wallet to protect your coins, as major coins are surely supported in most hard wallets.
full member
Activity: 175
Merit: 100
May 02, 2019, 11:06:07 PM
I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets

indeed to be able to store assets that you have that are safer you can store them on hardware but when your assets don't have a large amount it doesn't really matter, you store them in a wallet like blockchain.info or on myetherwallet, don't ever store assets in place the exchange is too long because it's too risky.
legendary
Activity: 2338
Merit: 1354
May 02, 2019, 10:34:41 PM
Being secured online is comes first in ourselves. We should first know what is the basic security online, like how we can easily identify some malicious online, for example identifying some phishing site or fraud online. Also, if you are worried about exchanges, there's a lot of exchanges already hacked so it's really hard to select a good one in terms of security. You can check this, to help you be secure online :
[GUIDE] Use this for identifying Scam/Phishing/ Websites & Exchanges in Crypto
[GUIDE] How to Create a Strong/Secure Password
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
May 02, 2019, 08:45:02 PM
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 keep your funds safe then buy a hardware wallet like Trazor or Nano Ledger .
It would be the safest wallet to use and don't leave your crypto on online wallets because they are prone to hacking .
The ability to hack online wallets is very low because they are raising higher security to create safety for investors. I think using wallet online will not be a problem if it is a Coinbase or Blockchain because these are the top 2 wallet I often use to keep my assets. Of course, Ledger will still have the hard wallet that I need to buy if I have many important assets to keep for the long term so the possibility of hacking will be very unlikely if I know how to secure my property.
In the evolution of technology, security is very complex. It is very important to make safety and security as the topmost priority. It appears that almost every single day there are reports of major hacking . As the number of hacks increase, consumer desires for security increase as well. There are multiple factors of vital safety and security practices that can help protect funds. Secure your wallet, it is best to find a wallet with security measures. Users should always have at least two digital wallets for trading/transactional purposes and used for storing savings. Additionally, make it a habit to use a password manager and strong passwords.
hero member
Activity: 1778
Merit: 504
WorkAsPro
May 02, 2019, 12:33:56 AM
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 keep your funds safe then buy a hardware wallet like Trazor or Nano Ledger .
It would be the safest wallet to use and don't leave your crypto on online wallets because they are prone to hacking .
The ability to hack online wallets is very low because they are raising higher security to create safety for investors. I think using wallet online will not be a problem if it is a Coinbase or Blockchain because these are the top 2 wallet I often use to keep my assets. Of course, Ledger will still have the hard wallet that I need to buy if I have many important assets to keep for the long term so the possibility of hacking will be very unlikely if I know how to secure my property.
full member
Activity: 994
Merit: 101
April 27, 2019, 01:33:07 PM
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?

It's hard to say that which exchange is secure or which is not. Yes, it's better way that if your collect your crypto big exchange like Binance, OKEX, Kraken etc. But before you do please notice there security system. And If you choose desktop wallet for your crypto then this the great idea for safe your coin/token.
sr. member
Activity: 1176
Merit: 301
April 23, 2019, 12:29:50 PM
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 keep your funds safe then buy a hardware wallet like Trazor or Nano Ledger .
It would be the safest wallet to use and don't leave your crypto on online wallets because they are prone to hacking .
hero member
Activity: 1148
Merit: 504
April 23, 2019, 10:03:10 AM
I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets
if you have a large asset, keep it in a safe wallet like a hardware wallet. if you are a trader then you have to be good at sharing your funds, and save a few percent in exchange for just a short term investment, and don't forget to use 2fa for each account that you have
hero member
Activity: 1148
Merit: 527
April 23, 2019, 09:08:53 AM
I don't think exchanges are the best place to keep your funds secured use wallets and keep your private key safe its more secure than keeping your funds in any online exchange turn on security settings if you are a active trader there are many reputed exchanges but I still recommend using wallet.
The word keep means it could be for long term, and I don't trust exchanges for that, even the reputable one.
Get yourself a hard wallet so your assets will be safe, you have to spend for that but the risk of losing your money is minimized.
It is quite to used hard wallets for the safe keep but it is not available in our area or it cost a lot when we buy it into the other place.
I don't want to spend for that much just for the security, in fact the security of our funds are just depending of how we handle our account and even it is store in any hard wallets.
I totally agree with you, It is not everyone that can afford to buy a hard wallet, and it does not mean that those that are not using hard wallet has been scammed or exposed to security. Like you said, everything really depends on how we handle our accounts.

Some of us are so careless with our account and the security details, recently, someone tried cracking my crypto Gmail password, which he succeeded, but I was saved because of extra security measured I put in place. Like 2 factor authenticator and confirmation by phone before getting in. These features too are all available in these wallets, just that many of us do not pay attention to it, we get burn and we start shouting insecurity.
full member
Activity: 269
Merit: 100
https://i.imgur.com/ya7OkAV.png
April 22, 2019, 12:21:06 PM
First check and choose the best wall information. Then hold and save the coin safely. If hold the long time. Check the wall balance every time. Always active your account wall and connect the mail in the wall. Don't share the any wallet Information. Safe to use.
sr. member
Activity: 1274
Merit: 263
April 22, 2019, 11:47:11 AM
Keeping funds secure really depends on what you are planing on doing with them. If you plan on keeping funds for a longer hold then you need to get them into a wallet you control. Best would be to a hardware wallet.
If you are actively trading tho, then sometimes it is better to leave the coins in open orders (i know it is risky, but by the time you send them to the exchange the pump might already be gone).
Longterm holding is right we needed to use waller that we think that's secure. All of my wallet now is mobile wallet but bwfore I trust to this wallet I research about it and I already use that since I joined here at cryptocurrency. Open orders can have advatanges because you have target value once they reach it they will buy and sell the coins automatically.
member
Activity: 464
Merit: 10
April 22, 2019, 10:49:22 AM
I often use bittrex and lbank to trade. I do not choose large exchange because its transaction fee level is quite high and the steps to implement the transaction are quite complicated. Lbank and Bittrex have all the security essentials for your peace of mind.
legendary
Activity: 1624
Merit: 1007
April 22, 2019, 10:46:17 AM
Keeping funds secure really depends on what you are planing on doing with them. If you plan on keeping funds for a longer hold then you need to get them into a wallet you control. Best would be to a hardware wallet.
If you are actively trading tho, then sometimes it is better to leave the coins in open orders (i know it is risky, but by the time you send them to the exchange the pump might already be gone).
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
April 22, 2019, 10:40:37 AM
I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets

If you can somehow register for an account on one of the Japanese exchanges that have a proper license, you should,,, mainly because all deposits there are guaranteed by deposit insurance. I cannot so I do not know how good it is, but I assume Japan is a good model. Otherwise you have no choice if you trade, you have to trust exchanges.
hero member
Activity: 784
Merit: 502
April 22, 2019, 10:33:33 AM
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 am using Binance, bittrex as a secured exchange. It is very secured. I am using these exchanges even when it was 2017. By that time, I didn't have any problems regarding those exchanges. And if I may add, Yobit is one of the exchange I use. This forum is telling everybody about this exchange is scam but whenever I got coins from airdrop, this is where I sell my coins and there were no problems. Go on your own risk.
No exchanges were safe to keep your funds so don't suggest any exchange to keep their coins,it is meant for trading when the trading done it should be moved to wallets.
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