#1User:
https://bitcointalksearch.org/user/pereira-raymond-2305773 (nuked)Post:
If you’re serious about investing in bitcoin and see yourself buying a significant amount, I recommend using Bitcoin wallets that were built with security in mind.
Ledger Nano S – Ledger is a Bitcoin security company that offers a wide range of secure Bitcoin storage devices. We currently see the Ledger Nano S as Ledger’s most secure wallet. Read more about the Ledger Nano or buy one.
TREZOR – TREZOR is a hardware wallet that was built to secure bitcoins. It generates your Bitcoin private keys offline. Read more about TREZOR or buy one.
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https://www.buybitcoinworldwide.com/kb/investing-in-bitcoin/~
Ledger Nano S – Ledger is a Bitcoin security company that offers a wide range of secure Bitcoin storage devices. We currently see the Ledger Nano S as Ledger’s most secure wallet. Read more about the Ledger Nano or buy one.
TREZOR – TREZOR is a hardware wallet that was built to secure bitcoins. It generates your Bitcoin private keys offline. Read more about TREZOR or buy one.
Bitcoins should only be kept in wallets that you control.
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https://www.buybitcoinworldwide.com/kb/investing-in-bitcoin/~
Ledger Nano S – Ledger is a Bitcoin security company that offers a wide range of secure Bitcoin storage devices. I currently see the Ledger Nano S as Ledger’s most secure wallet.
TREZOR – TREZOR is a hardware wallet that was built to secure bitcoins. It generates your Bitcoin private keys offline
Bitcoins should only be kept in wallets that you control.
Because Bitcoin is on the internet, they are even easier to steal and much harder to return and trace. Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them.
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https://www.buybitcoinworldwide.com/kb/investing-in-bitcoin/~1. Offline Mode:
The offline mode of securing bitcoins is called cold storage.
2. Backup:
Backup your entire bitcoin wallet early and often. In case of a computer failure, a history of regular backups may be the only way to recover the currency in the digital wallet.
3. Software:
Keep your software up to date. A wallet running on non-updated bitcoin software can be a soft target for hackers.
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https://www.investopedia.com/articles/forex/042715/best-ways-protect-your-bitcoins.aspThe offline mode of securing bitcoins is called cold storage. Cold storage wallets are not connected to the Internet and are thus less susceptible to hacking. Since accessing a cold storage wallet can be inconvenient, it’s best to split the bitcoins you own. Keep a small amount of bitcoins in an online digital wallet for daily trading needs and keep the rest in cold storage. Cold storage takes the private keys in an offline mode, thus decreasing the chances of theft. The practice of using cold storage is not only popular with individuals but even with cryptocurrency exchanges that deal with huge sums and are often under constant threat by hackers. The popular cold storage methods are paper wallet, sound wallets, storage devices (like a USB drive), and hardware wallets.
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https://www.investopedia.com/articles/forex/042715/best-ways-protect-your-bitcoins.aspThe offline mode of securing bitcoins is called cold storage. Cold storage wallets are not connected to the Internet and are thus less susceptible to hacking.
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https://www.investopedia.com/articles/forex/042715/best-ways-protect-your-bitcoins.aspYes! I agree always make sure to backup your entire bitcoin wallet early and often. In case of a computer failure, a history of regular backups may be the only way to recover the currency in the digital wallet. Make sure to backup all the wallet.dat files and then store the backup at multiple secure locations like on a USB, on the hard drive
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https://www.investopedia.com/articles/forex/042715/best-ways-protect-your-bitcoins.aspCryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues. Just this week, scams have arisen that divert funds from users' mining rigs to malicious wallets, because victims forgot to change default login credentials. Search engine phishing scams that tout malicious trading sites over legitimate exchanges have also spiked. And a trojan called CryptoShuffler has stolen thousands of dollars by lurking on computers, and spying on Bitcoin wallet addresses that land in copy/paste clipboards.
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https://www.wired.com/story/how-to-keep-bitcoin-safe-and-secure/Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains.
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https://www.wired.com/story/how-to-keep-bitcoin-safe-and-secure/Dear all,
Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues.
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https://www.wired.com/story/how-to-keep-bitcoin-safe-and-secure/for me, a key step to protecting your cryptocurrency is to store anything of significant value in a hardware wallet -a physical device like, a USB drive, that stores your private keys and currency locally, and isn't connected to the internet. Expert caution against storing large amounts of coins through cryptocurrency exchanges, or in digital wallet apps on your smartphone or computer.
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https://www.wired.com/story/how-to-keep-bitcoin-safe-and-secure/One of the main differences between Bitcoin and Litecoin concerns the total number of coins which each cryptocurrency can produce. The Bitcoin network can never exceed 21 million coins, whereas Litecoin can accommodate up to 84 million coins. Although in theory this sounds like a significant advantage in favor of Litecoin, its real-world effects may be negligible.
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https://www.investopedia.com/articles/investing/042015/bitcoin-vs-litecoin-whats-difference.aspThe cryptocurrency market has attracted the attention of many people and continues to gain popularity. The most advanced cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Verge, have grown tens and hundreds times in just a few years. The Internet is full of stories about lucky people who successfully stocked up with Bitcoins or Ethereum at the right time.
Many new investors are interested in getting into the cryptocurrencies, but there are significant risks involved. The market may correct 50–70% in a matter of few days, and the ones who are not experienced enough can suffer severe losses. Therefore, it is important to understand the factors behind the course of the currency, and how this can predict the movement of prices.
It is known that the dynamics of the exchange rate is determined by the supply-and-demand. “Price takes all into account", ?that is what one of the basic rules of trading says. These laws are universal for any market. But this is a generalized representation. It is necessary to identify the main criteria that influence market trends in projections for short and long-term prospects for a deeper understanding.
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https://medium.com/covesting/factors-affecting-the-cryptocurrency-market-bd791b3c72dd~
ICOs (Initial Coin Offerings) have become a popular way to fund cryptocurrency projects. An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today. ICOs provide a way for cryptocurrency project creators to raise money for their operations. Most ICOs raise money in Bitcoin or other cryptocurrencies.
The ICO usually takes place before the project is completed, and helps fund the expenses undertaken by the founding team until launch. For some of the larger projects, part of the ICO money goes into a foundation that provides ongoing support to the project. They also work as an initial distribution model for the cryptocurrency tokens, especially those with a proof of stake consensus algorithm.
The ICO participants are invested in the success of the project. They can help get the word out and raise awareness in the broader community. They also provide early liquidity for the cryptocurrency tokens when they start trading. The ICO participants are also usually motivated by a profit potential if the project takes off and the tokens become worth more than the ICO price.ecome worth more than the ICO price.
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https://www.smithandcrown.com/what-is-an-ico/ICO (Initial Coin Offering) is a popular form of calling for investment in Cryptocurrency projects. When a company or group issues their own cryptocurrency, they usually create a certain number of Token and sell the tokens to investors in different Crowdsale. Often, developers will accept payment by Bitcoin or Ethereum. Investing in an ICO is profitable, but risk can also occur. ICO is a form of investment chosen by many investors because of its super-profit nature. I have also invested in a number of recent ICO projects, successful projects, and failed projects.
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https://www.smithandcrown.com/what-is-an-ico/Now a days hackers has that type of technology which can hacks anything. So what's the best way to protect your cryptocurrency investments from hacks?
To find out, we reached out to three cryptocurrency investors and three cybersecurity experts. All three investors have lost some cryptocurrencies due to different hacks. One of the experts, Amir Bandeali, also is an investor, lost about 18 percent of his investments because the exchange (Bitfinex) he was trading with was hacked. That incident inspired him to build decentralized exchanges, which he believes will be the future for trading cryptocurrencies.
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https://www.cnbc.com/2017/11/02/heres-how-to-protect-your-bitcoin-and-ethereum-from-hacking.htmli can give you two newbie tips
1. Before you open up an account on Coinbase [or other exchanges](don't recommend any exchange but is easier to keep your coins there), set up an unique email that you are going to use for that account.
2. Make sure to set a really hard and long password, and you are the only one to access it from a piece of paper that you control.
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https://www.cnbc.com/2017/11/02/heres-how-to-protect-your-bitcoin-and-ethereum-from-hacking.htmlAll of them admitted there's no perfect solution to the problem. In the age of cryptocurrency, hard drives and personal computers have become the new bank vaults. And our real-world knowledge of protecting money from theft is not enough in the virtual world. The following suggestions can serve as a safety pamphlet for new cryptocurrency investors.
1. Before you open up an account on Coinbase [or other exchanges], set up an unique email that you are going to use for that account.
2. Make sure to set a really hard and long password, and you are the only one to access it from a piece of paper that you control.
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https://www.cnbc.com/2017/11/02/heres-how-to-protect-your-bitcoin-and-ethereum-from-hacking.html~
Jonathan Levin, co-founder of Chainalysis
1. Before you open up an account on Coinbase [or other exchanges], set up an unique email that you are going to use for that account.
2. Make sure to set a really hard and long password, and you are the only one to access it from a piece of paper that you control.
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