Topic: How to keep your funds secured? - page 6. (Read 22660 times)
I use Yobit and Kucoin and both offers 2FA authentication which act as a master to withdraw my funds and even to log in to my account. Yobit even sends a code to email to which you have to click and it will match the exact IP with which you have requested the login. Quite impressive.
No one can say exchange will not hack. Sorry for OP that you lost your fund. To be honest no system is safe. Howeve if you like to store small amount then install offline wallet like bitcoin core or electrum. If you want store big amount then it would be better to use hardware wallet like ledger nano. Web wallet a bit risky and it would be use for temporary transactions. You shouldn't trust on exchange or web wallet for long time storage of your coin. It might be hacked anytime.
each wallet has its own security level.and maybe if we want most secure wallet ,using hardware wallet could be the option.no matter if our asset value in small amount,who know someday its value will be huge amount.save our asset in exchanges really dangerous since many hacker attack it.
No one can say exchange will not hack. Sorry for OP that you lost your fund. To be honest no system is safe. Howeve if you like to store small amount then install offline wallet like bitcoin core or electrum. If you want store big amount then it would be better to use hardware wallet like ledger nano. Web wallet a bit risky and it would be use for temporary transactions. You shouldn't trust on exchange or web wallet for long time storage of your coin. It might be hacked anytime.
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?
Why do you want to store your crypto in exchanges? If you don't want to install desktop wallets, there is always the option of storing your coins in online wallets. And please use wallets where you can access the private key, such as Blockchain.info. You can use Blockchain.com to store currencies such as Bitcoin, ETH, BCH and Stellar. And some of the alts and tokens can be stored in MEW wallets. If the amount is sufficiently large, then you can go for a hardware wallet, such as Ledger Blue or Trezor Model T.
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?
Never store your cryptos in exchange,just move them if you don't have to intention to trade it near future even for weeks you need to withdraw and deposit.If you are holding huge amount of funds then move it to hardware wallet or any offline wallet which has private key to access it.
if you wish to get profit at trading, why you not ready to get lost too?
i think no trading strategy with zero secure at trading, each exchange have same possible to get hacked, to run away, scam etc.
you must use real decentralization exchnage for secure trading
i think no trading strategy with zero secure at trading, each exchange have same possible to get hacked, to run away, scam etc.
you must use real decentralization exchnage for secure trading
Don't save all your assets in cryptos, would be better you use crypto to trade according to the capital you need because considering the exchange there is a risk. but I think the exchange like Bitrex is one of the safest things since I traded in 2014 there was no problem.
I used to trade in Indodax, it was quite safe I think, there was never heard of hacking in Indodax, it's just that I don't know whether people outside Indonesia can trade there or not
and don't forget to use google authenticator and 2fa sms for email
Letting your funds to sit in exchanges is the worst idea. You should take out your funds in that exchange and do a favor to yourself to buy a hardware wallet which is a physical wallet for cryptocurrencies that is more secure compare to the online exchanges and online wallets. It is worth every penny in exchange of the security that you will get. and don't forget to use google authenticator and 2fa sms for email
I used to trade in Indodax, it was quite safe I think, there was never heard of hacking in Indodax, it's just that I don't know whether people outside Indonesia can trade there or not
and don't forget to use google authenticator and 2fa sms for email
and don't forget to use google authenticator and 2fa sms for email
The most reliable way to store your funds in wallets, not on the stock exchange. If you are a trader, dont keep everything on the exchange, but keep only part of your money. This is to ensure that you are not left with anything, if an exchange will get hacked. In addition, it is also useful to use several wallets, this will also reduce the risk of losing the entire capital.
if to secure the proceeds from the crypto world, then half I will save in the bank and the other half I will make capital for trading and investment in the crypto market
use a hardware wallet, which can give you better security than an online wallet. and next choose an exchanger that has a good reputation in terms of security. because the most important security is the security of the exchanger where you trade.
true and for security, if I use 2fa myself because by using the security until now my wallet has never been hacked. so security of the wallet is the most important and the main 
Choose an exchange that has a large trading volume and of course has good security, of course. But now it is not the right choice if you choose to save funds in exchange because there have been many exchanges that have been hacked.
Nowadays many peoples are said exchanges was not secured to store our funds. I use Binance exchange it is completely secured with three factor authentication so still some exchanges are good to invest and trade the day to day investment.
Choose an exchange that has a large trading volume and of course has good security, of course. But now it is not the right choice if you choose to save funds in exchange because there have been many exchanges that have been hacked.
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 is not at all safe to keep funds on exchanges, they can get hacked anytime, so the safest option is to keep your funds on Hardware wallet. If you don't want to spend money to buy it then free online can be a very good alternative like Blockchain. info for bitcoin and Myetherwallet for all your altcoins, they are quite safe.
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 is not at all safe to keep funds on exchanges, they can get hacked anytime, so the safest option is to keep your funds on Hardware wallet. If you don't want to spend money to buy it then free online can be a very good alternative like Blockchain. info for bitcoin and Myetherwallet for all your altcoins, they are quite safe.
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?
Choose the top most exchanges like Binance, Hitbtc and Bittrex. But anything can happen from hackers even to a site which is much secured with its infrastructures. As an individual, one needs to activate the options provided by the respective exchanges like 2FA and etc. Have VPN installed in place as well. These would certainly secure your assets.
Store your money in your own local wallet man is just way too unhealthy to keep large amount of money in exchange and since you have lost before my advice is find a better wallet offline and keep your money there
Can you recommend me a good exchange that hasn't been hacked yet?
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I store them not on exchange or any platform which has third trusted party. If you hold Bitcoin you can secure your funds in electrum or if you have multiple coins, you can choose the only open source multiwallet called Hodler. Both this wallet provides you your full control of the private key. This means no one can get your funds from you unless you misplaced the key.
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