Topic: Security of crypto trading. Which trading platform and wallet are best to use? (Read 91 times)
August 15, 2018, 09:16:09 PM
If you are concerned about your security, either get a dedicated offline computer only for crypto storage. You will need to learn how to create raw transactions, move them to your offline machine, sign them, move them to your online pc and broadcast them.Trading platforms are not safer to store our coins but many exchanges offering some security to their wallets like 2FA,which can save the hack attacks but can't from exchanges hack attack that is why better to move your funds after trade completed.
August 15, 2018, 07:32:40 PM
Word "best" doesn't exists because everything develops as time goes. Since you are looking for trading platform, I assume you are looking for online wallets, something like Blockchain.info (or blockchain.com as for now). I would say, when you use this wallet, always save your data because once I lost access on my blokchain account. Everything was working but somehow when I received email for login confirmation/verification, actually on website something was going wrong and I couldn't login. This happened not only to me but others too.
Trade with local exchanger (it's easy to contact them and deal with problems) or most known ones.
Here is list: https://bitcoin.org/en/exchanges
Trade with local exchanger (it's easy to contact them and deal with problems) or most known ones.
Here is list: https://bitcoin.org/en/exchanges
August 15, 2018, 02:39:33 PM
Which trading platform and wallet are best to use?
In fact, you will not find an ideal trading platform and an ideal wallet for storing cryptocurrency. Today, there are a huge number of crypto-currency exchanges and they grow like mushrooms every day. All of them are very similar, but differ in the interface and trading pairs.
And do not forget that if you are mining digital coins, using cloud mining or on your own equipment, as well as planning an active trade, then you can not avoid the use of cryptocurrency exchanges to convert cryptocurrency into Fiat or diversify investments, changing one cryptocurrency to another. It is simply better to choose an exchange with good volumes and a large number of currency pairs. For the benefit of all this now there coinmarketcap.com - where you can view all the stock exchange together with the volumes and currency pairs traded on each exchange.
As for the wallet, the most common wallets are those with support for ERC 20 tokens (www.myetherwallet.com). In addition to it, there are many other hardware wallets, but about each of them you can write separately on a separate article and you still do not understand which one is better.
August 15, 2018, 01:31:13 PM
Which trading platform and wallet are best to use?
Trading platforms are not safer to store our coins but many exchanges offering some security to their wallets like 2FA,which can save the hack attacks but can't from exchanges hack attack that is why better to move your funds after trade completed.I am using LBC's account to store my few bitcoins to sell them if there is an emergency need of fiat but I have turned on all the security features provided by them. 
August 15, 2018, 03:56:08 AM
Different wallets serve different purposes. You can't simply choose 'the best' wallet.
If you are concerned about your security, either get a dedicated offline computer only for crypto storage.
You will need to learn how to create raw transactions, move them to your offline machine, sign them, move them to your online pc and broadcast them.
If thats too much hassle for you (and/or you don't want to store a big amount of cryptos which you never would be allowed to lose) you might get a hardware wallet.
They generate/store the private keys in an isolated environment. A hardware wallet would be perfectly fine since it is convenient and secure.
Another option (which is way less secure) would be to use a desktop wallet (preferably not on your every-day-windows-pc).
Take a look here to choose a suitable desktop-/mobile- wallet: https://bitcoin.org/en/choose-your-wallet
Regarding exchanges, you should only use exchange to deposit, trade, withdraw your funds. Never store them there longer than necessary.
I would advise to use one of the 'biggest' exchanges. They are not guaranteed to be more safer, but have a better reputation and already defended multiple attacks.
If you are concerned about your security, either get a dedicated offline computer only for crypto storage.
You will need to learn how to create raw transactions, move them to your offline machine, sign them, move them to your online pc and broadcast them.
If thats too much hassle for you (and/or you don't want to store a big amount of cryptos which you never would be allowed to lose) you might get a hardware wallet.
They generate/store the private keys in an isolated environment. A hardware wallet would be perfectly fine since it is convenient and secure.
Another option (which is way less secure) would be to use a desktop wallet (preferably not on your every-day-windows-pc).
Take a look here to choose a suitable desktop-/mobile- wallet: https://bitcoin.org/en/choose-your-wallet
Regarding exchanges, you should only use exchange to deposit, trade, withdraw your funds. Never store them there longer than necessary.
I would advise to use one of the 'biggest' exchanges. They are not guaranteed to be more safer, but have a better reputation and already defended multiple attacks.
August 15, 2018, 03:29:52 AM
Which trading platform and wallet are best to use?
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