Should I Be Scared Of Hackers If I Have Lot of BTC. - page 19.

soham

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

Obviously yes! You must take sufficient precautions if you have significant number of bitcoins in your holding. Hackers can attack anyone if they come to know a particular address holds a decent amount of bitcoins. So there are few steps you should follow,

1. Never keep all bitcoins in a single wallet. Always diversify. Use a mix of hardware wallet, Offline or online wallets, cold storage wallet to hold your bitcoins.
2. 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 go to a single place.
3. Never publicly display your main wallet address to anyone and never use it in any other purpose.
4. Always use a licensed version of operating system and Internet Security package. Keep both up to date.
5. Never trust anyone in the online market.

These are 5 basic steps that I follow in order to keep my bitcoins safe. Hope this helps!

timikulit

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

You dont have to worry, just store your btc in a cold wallet or in a trezor and you will be safe

Just dont forget your passphrases or pin because if you forget that your bitcoin will be gone forever.

Lanatsa

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

You wont be be scared if you do set the best security practices on where you would store up those large amounts of btc and i would really suggest to use hardware or offline wallet which you would store up those coins together with its keys and keep it for long term and dont forget on where you do keep that offline wallet.As long you are not disclosing your privatekeys to someone being hacked would really be a tough job for hackers because no one could able to bruteforce a certain wallet if keys is unknown by them.

Abebittalk23

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You can never truly stop hackers because they evolve and adapt to meet new challenges on a daily basis. There are certain percautionary measures like using a two factor authentication on a reliable wallet such as coin base that can help lower risk. But consider that hackers can steal your identity and social sercurity number there is no true protect for traditional banking let alone bitcoin wallets.

SummonKing2

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You can be frightened because the hackers will definitely make the way to steal your Bitcoins. It's best to look at the website you're going to know and know it's not a phishing site. You'll see it right on the side. It should be MYETHERWALLET LLC [US] - look at my screenshots. Please be careful because we worked hard for our money and did not let it be hacked by hackers

Pursuer

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Where is my ring of blades...

Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?
there is always someone who is not careful and gets hacked, but there is nothing new about it or anything increased about these kind of hacking.

Quote

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

there is nothing you can do except preventing it from happening. and it is so simple that you are going to be surprised how with some simple steps you can achieve such a high security level.

- for the lazy and non tech savvy: buy a hardware wallet. ... the end
- for the non lazy, look into what cold storage means. it is not hard to make a secure paper wallet, or even more complicated system with an online/offline computer to broadcast/sign transactions. here is a link to get you started https://en.bitcoin.it/wiki/Cold_storage

Cpousersonu

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Quote from: bloodyvio on November 22, 2017, 02:57:27 AM

there is nothing you can do if your account has been hacked.
it's better to secure your account with double protection like using 2FA features if available and saving your seed key on a piece of paper or something and avoid storing seed key on your computer/smartphone that's very risky.

I think you don't need to worry about your security in BTC if you put your BTC in blockchain don't need to worry about a security issues if you put your BTC another platform there is a many platform to put your BTC...
Go with any secure platform are popular platform.

supermine

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

The hackers can't hake your bitcoins in the transaction,the only possibility is they can steal your bitcoins by hacking into your wallets,so you need to have good and secured wallet if you have lot of bitcoins,it is better to store in software wallet who is giving you the private key or the hardware wallets.Never tell your private key to anyone store your private key in a secured place because the people have the private key will have full access to your wallets.

Sadnu

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Of course you are afraid. The internet world is not safe. So we have to keep in mind every step we do when downloading software and other ways to get in and collect all the information that can be the reason for your bitcoins to be stolen.

daweiwuli

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You want to protect your private key. Make sure no one knows your private key. I suggest you do not put all the bitcoin in the same wallet. You can put bitcoin in multiple wallets.

jseverson

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

You don't have many options. You could ask law enforcement to help you, but unless you know exactly who stole your coins and how they stole them, it's unlikely they can do anything. You can also pay for block chain analysis services, but all they can really do is track your coins if the hacker knows what they're doing.

That being said, the best thing you can do is to not get hacked. One of the best ways to accomplish this is to stay away from web wallets, as they're incredibly vulnerable to phishing. Next, don't visit shady sites and don't indiscriminately click on ads because that's a good way to get a virus. Lastly, protect your online identity with a paid VPN service and use Tor. There are lots more actions you can take, but these are the most basic steps. You shouldn't encounter too many problems if you stick to doing these.

krauzzer02

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

Can i ask what kind of wallet you are using to store a large amount of bitcoin for you to be scared? Online wallets? Exchange? Coinbase? etc. The basic hacking 101 for them to steal your digital expensive coins is that it is stored on a hot wallet that means it is exposed everyday in the Internet added the drooling amount of the btc that is being exposed online.

If you are using hot wallet and preferred to hold it for a long time please don't hesitate to move your btc to a cold storage, that would make you ease from hacking problems just don't forget the backups that is not exposed to the Internet. If you are using an offline wallet and your backups is safe. remove your fear from being hacked just make it sure you know the basics on securing and protecting your coins.

Theta Labs

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Use a hardware wallet and place it in cold storage. Focus on what you can do BEFORE you get hacked! If someone has your private keys already there is a 99.9% chance you will never see that BTC again.

awawo

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The number one mistake people make is they inability to hold and protect they wallet private key which is the wallet seed, you can imagine people saving they key on they smart phone. So to be safe and secured is to be secret about you wallet seed and password as much as possible.

mahibul49

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do not share your private wallet email to public.and make strong password.or offline wallet is best for store your btc.
its my opinion

tomforgery

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stop using online wallet , strong password and will be save

erickkyut

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Quote from: bakerlisa510 on November 22, 2017, 02:47:30 AM

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?

Regardless with the amount of Bitcoin you have, you should be careful of hackers. It is a good idea to HODL your Bitcoin for future but you need a tighter security especially that you have lots of Bitcoin. I suggest that you store it on a hard wallet. It is the most secure type of wallet so far and avoid clicking suspicious links.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Do not be scared, be prepared. The most targeted individuals are those people with lots of BTC and those who are using Windows. I moved 80% of my coins to paper wallets to keep them safe. I also split them in small quantities onto these paper wallets. < if I need to sweep BTC back to my online wallets, I do not risk losing all my coins in one hack. I sweep and move small amounts at a time to my Trezor

Keep the majority of your coins in cold storage and you will be fine. ^smile^

Spoetnik

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FUD Philanthropist™

Put wallet.dat on a USB drive and then bury it in your back yard or put it in a safe deposit box or something.

Don't be a stupid CRYPTSY Roll Eyes

giveen

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Quote from: LyQaN on November 22, 2017, 03:05:30 AM

See you need to act smart if you are having lot of bitcoins,first do not store all of them at one place especially in online wallets,they are prone to hacked,use good paper wallet and save big amount of bitcoin there.secondly don't tell anyone about private keys of your wallet,don't save it online too,keep these things in mind and you are good to go.

Just get a hardware wallet weather it is a trezor or even ledger go and purchase anyone. Handling too many wallets is sometimes really hard and anyone mistake can be too costly for us. Storing in trezor ensures you don't can trust everything with just a single wallet.

Quote from: Bittoshi on November 22, 2017, 03:01:39 AM

Make sure noone has access to your private key, devide your holdings to different wallets (with different private keys) just for the case that one wallet get hacked one day. And store them in a secure place (e.g. paper wallet in a bank safe). Do not leave your holdings on a exchange.

Storing on exchanges is surely the biggest threat with the recent hack on bitfinex again we should really be cautious while using exchanges. What i would suggest you if you wanna trade use any exchanger like changelly it does require you to instal additional wallets and might he time consuming but it is way safer.

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