Topic: Is there any way to out of this insecurity? - page 5. (Read 835 times)
Some of the simple things atleast from our side what we can do is that only use the exchanges which ahs a good reputation and which is also old. Secondly, we can store it in ledger rather than string it online unless you want to sell it immediately. Thirdly in crypto risks always exists it can be either of hacking or due to volatility the prices could be falling. So, for people with weak heart or cannot take such risks ideally should stay away if possible.
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity?
Whats your concern anyway if someone else's account gets hacked? If you are still following social media channels of popular people then you just need to grow some proper logic as to not believing everything that is said on the internet. If someone is offering you doubling then it is a scam wheoever it might be. Follow that attitude and you will be safe. In the meantime secure your own accounts and put up strong passwords one for each account and turn on 2FA where available.Now if you still get greedy and send money to some "pandemic fund" then you are at a loss. Trust nobody here, unless you know whom you are sending money in real life.
Exchange getting hacked, the way to save your money is to not keep coins stored there after trading is over. Of course this cannot be applied to open orders that have not been filled yet but that is the risk that you have to take for now.
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I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
Banks get robbed. Do they lose popularity? No they gain back their reputation with even stronger security. Bad people are there in the world but that does not mean that the innovations are going to stop. Humans need to be careful what they are doing.
Exchanges can only do everything to minimize the risk of being hacked. This is the reason many of them source for the very best security measure coupled with constant security auditing. Individual account being hacked depends on the owners and this is also part of the reason why it is encouraged not to store information about your online exchange account where it can be public be access by the third party. They say security is an illusion. Exchange can't totally secure everything
The reason why exchange are easy to hacked because it is not regulated and they have no sense of responsibility to refund user fund in case there exchange was hack. It is so easy to start a exchange business because there owner are not focusing that much on security.
If we compared stock market and crypto exchange. Stock market is too hard to hack because it has a strong security due to most people are using it. On the other hand the crypto exchange which the owner has no liability in case funds was hacked. They can easily hire a hacker to hack there exchange then run away the money without tracing it. This is the reality of the exchange business on crypto. So it's better to not hold funds there for a long period of time.
share your ideas on what can be done to overcome this situation.
feeling uncomfortable there really is always haunting for many internet users, especially those that have to do with exchanges, social accounts, etc.With the rampant hacking that has happened so far, on the contrary makes someone more careful in doing things related to assets.
If anxiety / discomfort keeps happening and terrorizes you, in the world of crypto all you have to do is;
• "Look for an exchange platform that has kYc with high level of security process by process".
• "Make your account password as complicated as possible with very complicated characters. You yourself don't remember and memorize them, and write it on one paper and keep it at home, never store it on a laptop or Android phone ".
• "Never publicly reset your password or account name, unless there is an official change from the exchange and social accounts".
Exchanges can only do everything to minimize the risk of being hacked. This is the reason many of them source for the very best security measure coupled with constant security auditing. Individual account being hacked depends on the owners and this is also part of the reason why it is encouraged not to store information about your online exchange account where it can be public be access by the third party. They say security is an illusion. Exchange can't totally secure everything
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
At least the best thing you can do is to stay away at those not popular or newly established exchanges and trading platforms to minimize the risks.
About the hacking issue in general, no way it can be avoided that's why platforms do their best to maximize their security as possible.
And no, I don't see this will bring a negative impact in cryptocurrency. Good thing, there are now lots of reputable and big crypto exchanges today that will erased all doubts that crypto is not safe.
Trust the process mate.
you dont need to overthink yourself .experts are not thinking too much about this but why should you ? hacking did occur before not just minor but big hackings too starting from normal people and site to big exchanges where thousand and millions of dollars are stole but the good part is that we are still here and there are new people that are still being involved here . there are bad impacts that will occur after hacks but it wont last and all can recover to start again
We really have to get used to that in the world of cryptocurrency scams often occur. Therefore choose popular and trusted exchanges,
so when the exchanges are hacked. These exchanges are capable of returning users funds, as well as the choice of coins will be bought.
Must be able to choose coins with high volumes, so you can avoid shitcoins. Which if we buy shitcoins will difficult to sell, even some
shitcoins become deadcoins that cannot be sold at all.
so when the exchanges are hacked. These exchanges are capable of returning users funds, as well as the choice of coins will be bought.
Must be able to choose coins with high volumes, so you can avoid shitcoins. Which if we buy shitcoins will difficult to sell, even some
shitcoins become deadcoins that cannot be sold at all.
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
There is really nothing major to be done except a bit more careful security in those exchanges but considering that most of them actually say that they were hacked but in reality they are probably just putting all that money into their own pocket and that is why they can never fix their security because there was no problem with the security to begin with, it was all inside job, how could you stop that.However if its purely just security, there is really not much you can do about it but to work with great developers to make sure you get it perfected and not have any loop hole at all. Plus, you can pay people to try and hack you and see if they can, if they can't that is good, if they can they would be paid and you will fix it anyway. So basically work on it, but I doubt it will ever be fixed.
It isn't just cryptocurrency websites that get hacked, so do keep that in mind. I recently learned about getting pwned and looked up all my emails and I had been pwned at least 3-4 times for each email. LinkedIn for example screwed me by allowing themselves to be hacked. I think as time goes on however, this is something that will only continue to get "tighter" and less and less of this will be seen.
Hacked events have happened long before crypto even became famous as it is today and you can see that crypto became even more famous.
Hackers exist long way and keep moving alongside this industry, the only thing you can do from this hackers is to keep your guard always up.
Learning everything and try to keep being well informed.
As long as you are still in the crypto world then you should be more concerned with the security of all your accounts from email, exchange and others, you must really maintain this security, but still there is still the possibility to be hacked but mistakes from other parties such as exchanges.
That's unavoidable, mistakes or some inside ob might take placed even you did try everything from your part. You just need to face this fear in order for
you to keep moving forward from this business.
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
This had been the norm and can possibly happen anytime because exchange platform are one of the best place on where hacker can get tons of money.When you are minding that much about security specially with exchangers then the best thing you can do is not to leave your funds for too long.
Primary mistake of some is that they do leave huge amounts and when hacked do happen or even the exchange itself do make some lockdown or exit scammed
then youre doomed.
Always set out that kind of mindset because no matter how reputable or known the platform is, you cant be sure on when they would be hacked nor exit scammed.
well,everything started by human weakness,when u got hacked by phising,You've contributed directly to hackers to steal information from the system.Then we move the the part two,system weakness,after the hacker get some information,they needs to capitalize on that mistake – using exploits and malware to gain and expand access to the system.The use of exploits allows the attacker to leverage a flaw in the system to gain access. Last part is the Implementation Weakness.No matter how good u to secure ur account,when the implementation of software is deficient,it will be useless.That why binance claim the attackers was able to overcome two-factor authentication (2FA) when binance hacked last year.
So what the point of this ? of course yourself,no matter how secure that exchange,how high the reputation of that exchange,if u dummy,its will become easy for hacker to penetrating the system,maybe,the security system will response immediately about a few phising attack,but how about a lot of attack ?
Maybe system can easly block direct attack to the system,but how about that attack come from user which it already controlled by hacker ?
Always becarefull and smart is more than enough to secure exchange u use it.
So what the point of this ? of course yourself,no matter how secure that exchange,how high the reputation of that exchange,if u dummy,its will become easy for hacker to penetrating the system,maybe,the security system will response immediately about a few phising attack,but how about a lot of attack ?
Maybe system can easly block direct attack to the system,but how about that attack come from user which it already controlled by hacker ?
Always becarefull and smart is more than enough to secure exchange u use it.
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
The first thing to do is let your crypto sit in your personal wallet that you have total control and learn how to secure it so that you can sleep well. And then educate yourself, how are hackers able to get those accounts?
(1) Never click on any suspicious links because it might contain a malware that will steal your information
(2) Used 2FA in specially in crypto exchanges, this is a must
(3) Used strong password
(4) Don't trust, verify
(5) Don't put all your coins in an exchange
Above all the good points above, if you want to trade, don't transfer all your coins at once from your personal wallet to the exchange wallet because this is risky especially if the exchange is not reputable.
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
No, there will be no way out of that insecurity, but you can prevent that by activating the security that is available on every exchange. You don't have to feel paranoid because of the hackers, and I suggest you follow every instruction from the exchanges to secure your account. By doing that, I am sure your account will be safe from the hacker, although that is not guaranteed to get 100% safety because we live on the internet, and we can get hacked anytime.
Cryptocurrency will not lose popularity because people will have time to secure every account they have in the exchanges or on other websites. The important thing is you can activate 2FA, email confirmation, text message confirmation that is available on the exchange, and I think that is enough to cover you from the hackers.
I think to avoid getting trouble with the exchanges you want to use it is better if you are trying to use the old one which is popular and gained a lot of reputation into the world of exchanges because they already know about the possible outcome on the world of trading.
Still even the highest known exchange experience some data breaches and hacking but still it's on security that's why you need to find which is a good platform to go with.
Even the secured platform has a hole on their system that could possible go and attached with the hackers just to get the information and trying to scam the whole management but still its them to make it secured no matter what happen to be a good on the world platform.
Still even the highest known exchange experience some data breaches and hacking but still it's on security that's why you need to find which is a good platform to go with.
Hacked events have happened long before crypto even became famous as it is today and you can see that crypto became even more famous. As long as you are still in the crypto world then you should be more concerned with the security of all your accounts from email, exchange and others, you must really maintain this security, but still there is still the possibility to be hacked but mistakes from other parties such as exchanges.
Even the secured platform has a hole on their system that could possible go and attached with the hackers just to get the information and trying to scam the whole management but still its them to make it secured no matter what happen to be a good on the world platform.
Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
Insecurities will continue for a long while. Not all exchanges are safe for us to store our cryptocurrencies, because they can get compromised by advanced-minded hackers and intruders out there. The more it becomes secured, the higher chance that hackers and intruders can counterattack.
This is why it is not a good idea to store cryptocurrencies in exchanges. It’s definitely good for trading purposes, but transaction fees is something you had to deal with every time you transfer it to wallet and to exchange, vice versa.
There is no such thing as “safe and secure’ exchange right now, even Binance isn’t exempted of it.
Hacked events have happened long before crypto even became famous as it is today and you can see that crypto became even more famous. As long as you are still in the crypto world then you should be more concerned with the security of all your accounts from email, exchange and others, you must really maintain this security, but still there is still the possibility to be hacked but mistakes from other parties such as exchanges.
No need to worry, there will always be vulnerabilities when it comes to money, what you need to focus on is the financial development that Bitcoin represents and cryptocurrencies in general. Don't be alarmed by page hacks, just keep security levels relevant to your wallets, exchanges so you can operate in total comfort.
All vulnerabilities are completely covered and repaired once they occur. The 2fa represents an additional layer of protection for your account, whenever possible it supports everything when there is the option.
All vulnerabilities are completely covered and repaired once they occur. The 2fa represents an additional layer of protection for your account, whenever possible it supports everything when there is the option.
Look.
1. There are lots of money on exchanges.
2. If hackers manages to crack an exchange's security, they could potentially get away with it scot-free(if they know what they're doing).
3. Lots of uneducated people are leaving unnecessary amounts of money on exchanges.
Hence, based on those 3 facts alone, it's pretty safe to asswume that there will always be hackers trying to crack crypto exchanges. The risk:reward is just great.
The solution is pretty simple though. Learn how to hold your funds in self-custody. And of course, if you're trading, obviously you really need funds on exchanges. The solution:
1. Only leave the minimum amount of money you need for trading on exchanges.
2. Withdraw frequently.
1. There are lots of money on exchanges.
2. If hackers manages to crack an exchange's security, they could potentially get away with it scot-free(if they know what they're doing).
3. Lots of uneducated people are leaving unnecessary amounts of money on exchanges.
Hence, based on those 3 facts alone, it's pretty safe to asswume that there will always be hackers trying to crack crypto exchanges. The risk:reward is just great.
The solution is pretty simple though. Learn how to hold your funds in self-custody. And of course, if you're trading, obviously you really need funds on exchanges. The solution:
1. Only leave the minimum amount of money you need for trading on exchanges.
2. Withdraw frequently.
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