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Topic: Should I Be Scared Of Hackers If I Have Lot of BTC. - page 13. (Read 4151 times)

full member
Activity: 183
Merit: 101
If you are earning bitcoins from various methods like signature campaigns or trading activities or Gambling, never use the same wallet address in all places. Never let your earnings move into only a single place and never keep all bitcoins in a single wallet. Always diversify. Use a mix of hardware wallet, Offline or online wallets, cold storage wallet to hodl your bitcoins.
I just want to hodl it for a week, then I have some other plans.
member
Activity: 135
Merit: 11
If you are earning bitcoins from various methods like signature campaigns or trading activities or Gambling, never use the same wallet address in all places. Never let your earnings move into only a single place and never keep all bitcoins in a single wallet. Always diversify. Use a mix of hardware wallet, Offline or online wallets, cold storage wallet to hodl your bitcoins.
sr. member
Activity: 406
Merit: 250
You should store your BTC on cold and hardware wallets. That's the best way to protect your funds if you care of it so much. And don't use web wallets for big amounts of BTC.
member
Activity: 224
Merit: 10
The Experience Layer of the Decentralized Internet
You have to beware of hackers all the time, your Bitcoin wallet will be cut off from the Internet, out of touch with the Internet, and it will be safe to hide your private keys.
full member
Activity: 1414
Merit: 100
if you have a lot of btc, you should buy a hardware wallet. I think it is affordable since you are rich with that btc. Another suggestion maybe you need to have more than two or three desktop wallet.
full member
Activity: 183
Merit: 101
I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?
and you can only blame yourself for not securing it well enough.
Grin Yeah I would do that.
full member
Activity: 183
Merit: 101
If your wallet is hacked, then you will not do anything unfortunately. But you can protect your wallet. For better protection, you should be a bit paranoid: do not connect to unverified networks, maintain the correct password policy, etc.
Hey, my account has not been hacked yet, I am saying how should I avoid it and if happens than what to do next.
full member
Activity: 183
Merit: 101
I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.
what news is that? and why can't I find anything about it?
here is a link to get you started https://en.bitcoin.it/wiki/Cold_storage
This thread or the news is not just for me it is for all the people who has same question like me and those who are probably searching in the internet about the same topics.

thanks for the link it was very informative!
full member
Activity: 673
Merit: 112
umachit.fund
If your wallet is hacked, then you will not do anything unfortunately. But you can protect your wallet. For better protection, you should be a bit paranoid: do not connect to unverified networks, maintain the correct password policy, etc.
sr. member
Activity: 896
Merit: 268
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I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

Yes, you should be scared on them. When people sees your potential in earning hackers make moves on trying to snatch your money. In order for that you have to be as wise as them. Change your password with numbers, letters and symbols. Make sure that all your account is in private which only you can see it.
sr. member
Activity: 590
Merit: 258
Since you have a big investment in bitcoin, you are one of the people endangered in the eye of hackers. Your risk from hackers is highly potential, but you have nothing to worry about; since bitcoin provides all day or 24/7 security to secured your account free from hackers and the government support it by a criminal law that they will do immediate action once it happen. It’s the obligation of the company and the management, as well as the government to secure our investment and entire world free from scammers. It’s also your duty to be carefully enough in every action you made. You should always think smart and wisely once you give your personal information so that you account/investment if free from any bad people.
newbie
Activity: 1
Merit: 0
Yes you should be scared if not prevented!
member
Activity: 84
Merit: 10
I would say not really at all. No one's going to know that you individually will have a lot of coins in your wallet. Like people have said on this topic, only way to get your coins is to have your private key. I would be more afraid of phishing scams/emails rather than hacks.

You're going to be fine.
legendary
Activity: 1624
Merit: 2481
What should I do If My wallet or BTC gets hacked?

Thats the wrong question to ask. Once your wallet or your BTC get "hacked" its already too late.
The question you should ask yourself (or us) is how you can avoid your wallet getting hacked (Wallets can be "hacked", BTC itself not). The key to this is to use the right wallet.
First, if you have lot of btc's you should spend <100$ for a hardware wallet. With such a HW wallet your coins will stay safe, even if your PC is infected with malware.
A HW wallet is pretty handy in everydays usage. If you only want to keep your coins without spending them in the next few years and are too greedy for a <100$ HW wallet,
you could use a paper wallet. A paper wallet is basically just a private-/public keypair generated and printed completely offline in several copies, saved in different places.
Once you want to spend your coins you can easily just import the private key into a wallet of your choice (Your PC will have to be free of malware for this not leading to a loss of your funds).
legendary
Activity: 1400
Merit: 1009
The only way for you to lost your BTC is by phishing scams or the hackers stole your private key.

What kind of wallet do you use?
Web-based wallets are tend to be insecure due to how the private keys are stored on the cloud.

I'd suggest to get desktop wallet as you have more controls of your private key, just make sure your PC are clean from malware and junks.

If you're really serious about security you can get hardware based wallet like Trezor or paper wallet, that should be enough.
Hello, I also want to need to know about this, because my bitcoin waller does not support private key, yes we have a password but unlike myetherwallet it has a private key that is really secure and I am also the one who can open it. I also want to know is trezor and paper wallet can just be use on computer?
Trezor/paper wallet can be used on mobile phones as well. i have been using trezor on android phone for a long time now, you'll be needing an otg cable and mycelium wallet to be able to use trezor on android. Smiley
newbie
Activity: 64
Merit: 0
I think you should send all your Bitcoin to your offline wallet. It is safer than store them in the exchange.

I think this is a most appropriate way to safe your BTC.
hero member
Activity: 882
Merit: 528
I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

Whenever you read people saying their wallet was hacked, ask them how it was hacked and you'll find they gave our their private key or seed, they used a public WiFi this is basis and you're never suppose to do this all. I don't know which wallet you use, but use electrum if you want the free best wallet, or trezor or paper wallet in case you're neither buying nor selling.
Yes, this could be one of the reasons. Public wifi is open to everyone and it's very easy to clone a one or luring someone to free wifi.
And when the user uses his private keys ... boom rip btc
hero member
Activity: 1078
Merit: 501
The only way for you to lost your BTC is by phishing scams or the hackers stole your private key.

What kind of wallet do you use?
Web-based wallets are tend to be insecure due to how the private keys are stored on the cloud.

I'd suggest to get desktop wallet as you have more controls of your private key, just make sure your PC are clean from malware and junks.

If you're really serious about security you can get hardware based wallet like Trezor or paper wallet, that should be enough.
Hello, I also want to need to know about this, because my bitcoin waller does not support private key, yes we have a password but unlike myetherwallet it has a private key that is really secure and I am also the one who can open it. I also want to know is trezor and paper wallet can just be use on computer?
full member
Activity: 504
Merit: 100
I think so, because they can get all your money from your wallet. You work hard for your money so don't let hackers victimize you. You should always be vigilant and don't trust anybody so can protect your wallet.
full member
Activity: 448
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

What you should do is to stop on using web/online wallets if your accounts get hacked because you can't recover those stolen bitcoins so you should just have to stop using those unsecured wallets and used offline wallets and hardware wallet instead.
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