How to stay safe from bitcoin theives

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Quote from: khelan on March 16, 2018, 11:58:01 AM

is it safe to keep money on MEW??

It is safer to use MEW offline.

Quote from: jerick06 on March 15, 2018, 11:30:58 PM

One is to create a multisignature wallet.

Is this your idea on earning merits? you are not providing anything useful. if you want to earn merits, post a step by step tutorial on how to create a multi-signature wallet with pictures and then PM me.

khelan

newbie

Activity: 238

Merit: 0

Quote from: ?? on ??

1. Never keep your bitcoin in exchange or centralized wallet.
2. Always use secure connection and check website's credibility if you're using online wallet
3. If you're using desktop/mobile wallet, make sure the device is clean and you download the wallet from genuine website.
4. Use Hardware Wallet and buy from official website/seller. Some fake/malicious hardware wallet comes with it's mnemonic seed.

While multi-signature address is good way to secure bitcoin, it's not really convenient and the transaction size is bigger.

Quote from: hugeblack on March 16, 2018, 03:38:14 AM

--snip--

Read the source code.

Not really good advice since only developer or those with programming knowledge can "review" the source code.

yes i saved.... someone hack my centralized exchange but got nothing as all my money i kept on MEW. is it safe to keep money on MEW??

tikong

member

Activity: 154

Merit: 12

How to stay safe from bitcoin thieves?don't tell anybody about you funds in cryptocurrency andif you use an online wallet the use every security measure your wallet provides

ivakar

hero member

Activity: 756

Merit: 507

Well there is two options :
1. do not have bitcoins at all. so no btc. no problem
2. if the 1st is not an option, then best way I guess the hardware wallet.. or separate ssd drive with a copy of bitcoin blockchain, once synced and do not connected to internet
imho

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Keep yourself low profile. Who on Earth will published that he owns tons of bitcoins in the internet. Thieves aren't just living on cyber world by they are also looking for their prey in real life just like the example you mentioned. Stay away from untrusted websites and don't just click them and download because it can contain some malicious software that can also penetrate to your PC.

TorbiK

full member

Activity: 448

Merit: 100

Diagon

You should use hardware wallet. Always keep on eyes on which sites do you visit, to avoid phishing. Don't tell anybody about your funds in cryptocurrency.

liangweicha

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

I think buying a hardware wallet is probably a good way to stay safe.
Because if you have enough bitcoin assets, you should try to avoid networking.

Jet Cash

legendary

Activity: 2828

Merit: 2472

https://JetCash.com

Quote from: Pursuer on March 16, 2018, 02:33:41 AM

Quote from: jerick06 on March 15, 2018, 11:30:58 PM

There are cases that theives robbed the house of a bitcoin holder and beat him after.

where did this happen? I have never heard about this one before!

so far any cases of physical robbery that I have heard of was the case of someone not being careful, for example people who wanted to sell their coins face to face but chose a back alley, a parking lot with nobody around,... for their trades with a shady person who they have never seen before. it is like an open invitation to get robbed. so obviously don't do that and you are going to be fine

I started a thread about one case in the Ivory Tower here.

https://bitcointalksearch.org/topic/protection-against-armed-robbery-of-bitcoin-2838558

StevenPop

newbie

Activity: 196

Merit: 0

Secure your wallet with all measures available. Take appropriate steps to make sure that your coins are safe. If you use an online wallet then use every security measure your wallet provides. And if you can, get a hardware wallet to store your coins in and use cold storage.

Fire316

newbie

Activity: 281

Merit: 0

Wallet can stole by hackers,i think there is no safe wallet for bitcoin. The only safest way is not to trust to anyone,make your bitcoin wealth,password and private key anonymous. If you are worried that you might forget your password or private key,just put it on a piece of paper and place it in a secured place without someone knowing it but only you. As a bitcoiners i think you should be wise more than the hackers and thieves.

hureuy

newbie

Activity: 7

Merit: 0

Bitcoin is not perfect. It also has some flaws. When buying and selling bitcoins, it may involve the security of the trading platform. There have been cases of platform theft before. Therefore, it is very important to choose a safe and stable platform. Of course, it is safer not to put Bitcoin in an offline wallet when you do not buy or sell.

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: Pursuer on March 16, 2018, 02:33:41 AM

so far any cases of physical robbery that I have heard of was the case of someone not being careful, for example people who wanted to sell their coins face to face but chose a back alley, a parking lot with nobody around,... for their trades with a shady person who they have never seen before. it is like an open invitation to get robbed. so obviously don't do that and you are going to be fine

I wish it were that simple, but there have been plenty of assault cases. Here are four examples of attacks this year alone:

https://cointelegraph.com/news/russia-blogger-who-boasted-about-crypto-wealth-beaten-and-robbed-for-425k
https://cointelegraph.com/news/russian-crypto-developer-beaten-robbed-of-300-btc-on-moscow-streets
https://btcmanager.com/russian-couple-robbed-100000-worth-bitcoin-thailand/
https://www.ccn.com/leningrad-bitcoin-blogger-who-boasted-of-his-wealth-gets-robbed-and-beaten/

The last one wasn't robbed of crypto as far as I know, but is an example that people involved in crypto are a target. Keeping yourself anonymous seems to be the best way to protect yourself from these kinds of attacks for now. You never know who's trustworthy, and your holdings are none of other people's business anyway. The downside is that you won't be able to advocate for crypto as much.

hugeblack

legendary

Activity: 2702

Merit: 4002

You should learn anything about Bitcoin and read the source code in particular to protect yourself. [prevention is better than cure.]
In general, it is impossible to hack a Bitcoin network, which makes any loss because of you.

Do not tell anyone about your private key, seed or password.
Use hardware wallets for long-term.
Read the source code.
Do not download non-trusted programs

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: jerick06 on March 15, 2018, 11:30:58 PM

There are cases that theives robbed the house of a bitcoin holder and beat him after.

where did this happen? I have never heard about this one before!

so far any cases of physical robbery that I have heard of was the case of someone not being careful, for example people who wanted to sell their coins face to face but chose a back alley, a parking lot with nobody around,... for their trades with a shady person who they have never seen before. it is like an open invitation to get robbed. so obviously don't do that and you are going to be fine

namei87

newbie

Activity: 6

Merit: 0

Bitcoin's characteristics determine that Bitcoin cannot be tied to individuals. Therefore, the most important thing for bitcoin security is to look at your own methods of preservation. If you have Bitcoin all on the platform, you need to worry about this platform. The defense network is strong enough to resist the invasion of hackers.

tosindesign

newbie

Activity: 75

Merit: 0

You can store your coins on online payment site like coinspayment and use 2fa security.hardware wallet are good but the hardware might have hardware issues such as if you have kids at home who might want to play with when you are not at home.

AlexAtom

member

Activity: 560

Merit: 10

YOUC - www.youengine.io

Yeah, it is so sad that many bad peoples trying to get bitcoin with illegal ways.
we as the bitcoin holders must extra careful not to get scammed and thanks for your thread,
it is useful for adding the knowledge about how to keep safe.

sylance

full member

Activity: 392

Merit: 102

Hardware wallet is the way to go. If you're a long time holder you can purchase a hardware wallet and move the wallet offsite. That's probably the most secure way. Doug Polk (a YouTuber) goes as far as splitting his coins into three hardware wallets and storing them in three different safety deposit boxes.

jerick06

jr. member

Activity: 180

Merit: 4

Bitcoin is now a growing trend which causes theives to rob millonaires who hold a high valued bitcoin not only online, but also in person. There are cases that theives robbed the house of a bitcoin holder and beat him after. So I read this ways to keep your bitcoin safe and I want to share it to the users.

One is to create a multisignature wallet. It requires a several private keys to authorize bitcoin tansaction. You can choose how many devices or people you want to share the wallet with. It also addresses the structure which lets you splits those private keys across multiple devices or among multiple people.

Second most common way to keep your bitcoin safe is not to be boastful. Don't share on social media that you're holding a bitcoin or how many money you owned. It will keep you an easy target to theives.

So these are the ways that i've read. Feel free to add.

Topic: How to stay safe from bitcoin theives (Read 215 times)