How to keep your funds secured? - page 7.

Omega Weapon

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Quote from: Caladonian on February 13, 2019, 10:27:16 PM

It keeps repeating itself, most of those who store their coins inside exchange are hoping to easy up the process and avoiding transaction fees, not knowing that chances of being hacked is always there no matter how they trut the exchange, we should all practice to remove our funds after the exchange already executed to protect our investment.

Learning it from the hard way is more regretful than taking some delays and paying for some fees.

It is really ironic that the reason people keep their coins in exchanges is to save money on fees when the fees that you need to pay for a transaction are worth just a few cents but the losses that you can suffer are enormous in comparison, this is like all of those people that do not buy a hardware wallet and keep their cryptocurrency holdings in an infected computer only to lose it all.

befriendmywater

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Quote from: VazgenKokosik on January 31, 2019, 09:43:00 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 think you should create an Myetherwallet account and create a MEWconnect wallet. It's a new wallet system and compared to the Ledger Nano S hard wallet, it has the same level of security as Ledger.
You will not lose money to buy Hard Wallet Ledger, MEWconnect can still help you protect your money.

ginobitcoiner

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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.

dark08

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Quote from: Capt00 on February 27, 2019, 04:52:31 AM

Quote from: Zalaster on February 27, 2019, 04:37:26 AM

Quote from: VazgenKokosik on January 31, 2019, 09:43:00 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?

Keeping funds in your account is wrong. This applies to any platform, you must remember this. Bittrex is known to block accounts, Binance also does this, and you can also be hacked. Keep coins using a cold wallet is the safest option. As for exchangers, I use services without registration, it is fast and safe. At the moment it is ChangeNOW, perhaps you should check it out.

It's a traders choice is in Binance exchange I also currently used this exchange so far so good. Always choose a reputable exchange than shitty one to avoid exit scam just like what happens on cryptopia exchange. Regarding your storing fund, always used hardware wallet and if you trade on exchange only a small amount that you can afford. Remember, don't put all your eggs in one basket.

In my own opinion their's no good exchange site to keep your funds safe in a long term why? Because the tendency to hack the exchange site are too high, always do a in and out basis in any exchange site to avoid losing your funds its better to keep your fund in a ledger nano.

Capt00

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Quote from: Zalaster on February 27, 2019, 04:37:26 AM

Quote from: VazgenKokosik on January 31, 2019, 09:43:00 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?

Keeping funds in your account is wrong. This applies to any platform, you must remember this. Bittrex is known to block accounts, Binance also does this, and you can also be hacked. Keep coins using a cold wallet is the safest option. As for exchangers, I use services without registration, it is fast and safe. At the moment it is ChangeNOW, perhaps you should check it out.

It's a traders choice is in Binance exchange I also currently used this exchange so far so good. Always choose a reputable exchange than shitty one to avoid exit scam just like what happens on cryptopia exchange. Regarding your storing fund, always used hardware wallet and if you trade on exchange only a small amount that you can afford. Remember, don't put all your eggs in one basket.

Zalaster

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Quote from: VazgenKokosik on January 31, 2019, 09:43:00 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?

Keeping funds in your account is wrong. This applies to any platform, you must remember this. Bittrex is known to block accounts, Binance also does this, and you can also be hacked. Keep coins using a cold wallet is the safest option. As for exchangers, I use services without registration, it is fast and safe. At the moment it is ChangeNOW, perhaps you should check it out.

nasipadang

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Quote from: Reid on January 31, 2019, 11:52:13 AM

Quote from: VazgenKokosik on January 31, 2019, 09:43:00 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?

You are doing it all wrong.
You said you have experience loss already with localbitcoins thru a hack and yet you still want to do it to another exchange.
Why not look for another option to keep your crypto currencies?

I suggest you go look for a cold wallet by now and afterwards we can give you some exchange that are trustworthy. But still I wont prefer to leave it there for a long time.

It is not really about the hack, for anytime it could happen to any exchange. It is about your security first. The very least you could do is value your money for now.

He is right, you have to think of other options to avoid hacking, you know even a large exchanger has also experienced hacking and this can happen at any time. So you are not advised to save your funds for a long time on an exchanger, then to save your funds in term the best time is the hardware wallet. While if you want to trade because indeed your initial goal is to trade, then you must accept the risk, but I am sure also the exchanger platform prepares the best security, just the suggestion of the bittrex exchanger platform.

oceantiger

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The security of your fund is so important to any token holder. It is good to use international exchanges to do your business. It is true that exchanges get hacked some times but exchanges like Bittrex , Binance, Kucoin and coinbene are so much loaded in their security systems. I advise you research further on any of them and use.

Aivaryamal

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To carefully store your funds you need to carefully choose exchanges and wallets for storage, decentralized will suit better, since only you will have access to your funds

richmcrich

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Quote from: septi.JR on February 20, 2019, 11:28:42 AM

saving lots of assets is indeed very scary, because the risk is very big, I suggest you start by buying wallet hardware, which I think is safer than exchange, nano legder is so safe

Yes, wallet hardware has been very secure in this case. Big investors, who hold huge assets, use this way to keep things secure. Besides, a two factor authentication is also very instrumental in this regard. There are people who got their two factor authentication hacked as well but their additional security had been strong enough to keep their assets secure. A small investor could also use the exchange to save the assets.

goaldigger

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Quote from: VazgenKokosik on January 31, 2019, 09:43:00 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?

Just dont divulge anything on internet most likely your keys. As much as possible ,dont log in on anything unusual or dont click any ads which can cause phishing and account hacking. We all know that there are a lot of people wanting to get money from someone's accounts. Dont be a victim.

supine

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Most decentralized exchanges these days are hackable and we can't get rid of it. We should look for a secured exchange where we could store our coins safely. If you want to be sure of your earnings, you should keep your private keys secured and safe as well.

Coin-Desk

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It is very important to keep the funds safe. In order to protect the funds, you will first need to install a desktop wallet and place all your funds there. But install a desktop wallet on a computer where there is no Internet connection. Because of the Internet connection, the computer may be infected with malware and the funds may be stolen for it. So it's best not to have the internet. You can use Bittrex, Poloniex, and so to trade. In my knowledge, these have never been a scandal so far. So these are the best for trading. And in my opinion, Bittrex is the best one. I also used Bittrex.

Thank you.

hahay

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Quote from: Aivaryamal on February 24, 2019, 12:36:00 AM

You need to keep most of your funds in your wallets and only if necessary to transfer them to the exchange

Yes, transfer it to the exchange only if you are going to trade and after the trade is finished you can withdraw the funds to your big wallet to keep everything safe. But if you use a famous exchange, I don't think it's a problem if you want to keep it there for a few days to reduce fees that might burden you. But still be careful!

Aivaryamal

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You need to keep most of your funds in your wallets and only if necessary to transfer them to the exchange

emberbekas

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Quote from: airdagon on February 23, 2019, 10:47:38 PM

My advice if you want to invest in long-term don't put your coin on an exchanger because in some cases Exchangers are often hacked by hackers, it's better to keep your assets in a hardware wallet, because it's safer from hacker attacks

Right, unless we trade daily, saving our coins in the hardware wallet will be good. Another option is to store it in our own wallet, through the application, instead of putting it on the exchange. And if we are daily traders, using only the best platforms from highly reliable exchanges is a must.

airdagon

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My advice if you want to invest in long-term don't put your coin on an exchanger because in some cases Exchangers are often hacked by hackers, it's better to keep your assets in a hardware wallet, because it's safer from hacker attacks

Chinocshyp

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No exchange is safe. your best bet is to get a hardware wallet to store your funds. only go to exchanges if you want to buy/sell. But never store on exchanges. If you can't afford a hardware wallet, another option would be to download the offline client of MyEtherWallet and create your wallet offline. that way, your private key would never step online. Then, you can store you tokens on the wallet created offline. If ever you decide to use that private key online, take all your funds from it and send it to a newly created offline wallet.

Just make sure your private key never gets online. if it does, simply change wallet.

valheru

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You're doing definitely wrong. You should never keep your money on a stock exchange or on a coin sale website. What you're doing is like giving your money to someone on the street and going move away. Keep your money safe on the bitcoin USB disk. If you can't do this, you can keep your money on your own computer (this method is a little dangerous for the new ones, because if your computer breaks down, your money will go also. If you going to keep your money in your computer you should keep a copy of your private key and passwords in a secured place).
If you don't want to deal with them, the best method for you is to store them in an online bitcoin wallet. Select the most secure companies when choosing online wallets. Like Blockchain, like xapo ...

Gaggy185

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If you wanna keep your cryptocurrency safe so at first you need to make sure that your computer is clear. After that you should set up 2FA for your crypto wallet or maybe you should buy a hardware wallet to make it's more difficult to be hacked. Although price of a hardware wallet is a little bit expensive but it's worth

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