First, there are not any one place guarantee with your bitcoin assets holding is secure from hacking but most recommended use hardware wallet such as Ledger or Trezor for saving your assets. But if you want save Bitcoin assets in hardware wallet you need purchase or buying Bitcoin on exchange market before sending to hardware wallet, here important which one trusted exchange use for purchasing Bitcoin. For me, Binance is the most secure exchange cryptocurrency exchange market for saving Bitcoin although you have explain about how much fund have been hacked in their account. Indeed has local exchange market currency seems are most secure place for holding Bitcoin but better hold in hardware wallet for more secure and has by own self controlling with our assets.
Topic: Which platform is safe to store Bitcoin and can’t be hacked ? - page 2. (Read 388 times)
Hardware wallets are the most secured of them all but that doesn't mean it's 100% completely safe, if you leak your private key your fund will disappear, do not expect your hardware wallet to do something crazy and get your funds back, it's gone for ever.
Keeping your hardware wallet safe is the main goal, forget about how secured they are, you need to write your recovery seed somewhere no one can see, and you need to be careful with what you connect your hardware wallet with, e.g. computers.
Keeping your hardware wallet safe is the main goal, forget about how secured they are, you need to write your recovery seed somewhere no one can see, and you need to be careful with what you connect your hardware wallet with, e.g. computers.
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
Nothing is secure enough if you don't have enough knowledge of how hacking works. Let's say you use the most secure hardware wallet but don't know how to keep it secure. If you are dumb enough to write your seed phrase online or store it digitally, You are not secure anymore. Some people do worst than that. They log in to phishing websites using their seed phrase. If you can store your seed phrase securely and keep your computer trojan, virus free or don't fall for any trap. A software wallet like Electrum could be a good choice for daily use and holding a couple of thousand dollar worth of Bitcoin. Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
Currently, you are using Blockchain, Binance and trust wallet. I don't know that much about Blockchain.com. But, I don't recommend anyone to hold their Bitcoin on an exchange like Bitcoin. If you keep your Bitcoin in a centralized wallet, It's no longer yours. Avoid using centralized exchanges to hold your Bitcoin. About Trust Wallet, This is a closed-source multi-coin wallet. They were open-source and suddenly became closed-source wallets (See quoted post by o_e_l_e_o). Moreover, they have been hacked before.
Trust wallet is not open source.
Here is their blog post announcing they are becoming closed source about 4.5 years ago: https://trustwallet.medium.com/why-open-sourcing-android-app-could-be-a-harm-to-the-crypto-community-fb3ae1707dc6
Here are the links to their Github repositories which show they are both archived and have had no updates in 4 years:
https://github.com/trustwallet/trust-wallet-android-source
https://github.com/trustwallet/trust-wallet-ios
They outright lie on their website when they claim to be open source. If being closed source isn't enough to convince you to stay away, then them outright lying to you should be. They are also owned and operated by Binance, so you can guarantee you will have absolutely zero privacy when using Trust wallet.
Avoid it.
Here is their blog post announcing they are becoming closed source about 4.5 years ago: https://trustwallet.medium.com/why-open-sourcing-android-app-could-be-a-harm-to-the-crypto-community-fb3ae1707dc6
Here are the links to their Github repositories which show they are both archived and have had no updates in 4 years:
https://github.com/trustwallet/trust-wallet-android-source
https://github.com/trustwallet/trust-wallet-ios
They outright lie on their website when they claim to be open source. If being closed source isn't enough to convince you to stay away, then them outright lying to you should be. They are also owned and operated by Binance, so you can guarantee you will have absolutely zero privacy when using Trust wallet.
Avoid it.
Hardware Wallet is the safest device to store your crypto because it can be considered an air-gapped device. Electrum is also safe if you knew exactly how to protect your private key/seed phrase.
But judging on this statement, I think you don't have any idea about custodial and non-custodial wallets so a hardware wallet is the best choice for you since you can't be distinguished what's really safe for your crypto assets. Explore more in the forum to learn more about the safekeeping of your assets. Avoid custodial wallet and exchange because you don't have full control of coins!
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
But judging on this statement, I think you don't have any idea about custodial and non-custodial wallets so a hardware wallet is the best choice for you since you can't be distinguished what's really safe for your crypto assets. Explore more in the forum to learn more about the safekeeping of your assets. Avoid custodial wallet and exchange because you don't have full control of coins!
As ETFbitcoin said, there is no such thing as absolute safety, everything is relative, and the security of your assets is entirely dependent on how you hold them. Even if you own a highly secure device, with your carelessness, the risk will still exist.
But all 3 platforms you are using are insecure and unreliable. I mean, you are giving your assets to a 3rd party to control, they can get hacked or can get greedy and steal your assets. You do not have full ownership of your assets when using centralized platforms. Learn about non-custodial wallets, especially open source hardware wallets, which are considered the best solution today for our crypto assets. Where you have full control over your property and its safety is entirely up to you.
That's such a common thing and yet so many people miss it. I know that there is no guarantee, and with 15 years or so give or take in the crypto world we have seen all kinds of scary scams and hacks and all the bad stuff, so people should be aware how hard this would be like. And yet for some reason they don't and that's a very important thing, that's very very important. But all 3 platforms you are using are insecure and unreliable. I mean, you are giving your assets to a 3rd party to control, they can get hacked or can get greedy and steal your assets. You do not have full ownership of your assets when using centralized platforms. Learn about non-custodial wallets, especially open source hardware wallets, which are considered the best solution today for our crypto assets. Where you have full control over your property and its safety is entirely up to you.
This is why I believe that we shouldn't be really considering this as a big deal, it is not going to be that easy at all, it is going to be quite troublesome. I believe that we can't really make this happen that easily, it is going to be just our own safety and security added on top of what the products offer that will make sure that it is safe, if we are not safe, no product could make it safe.
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I just repeat that no one can guarantee 100% security for each wallet that will be selected. But of the three types of storage that the OP mentioned are absolutely not good storage to serve as a place to store assets.The Electrum multi signature wallet is also secure enough for long term storage but always remember that you need to diversify your assets across multiple wallets as it is highly recommended that you do not keep them in one basket. You can use Electrum as well as bitcoin core, while you can also use hardware wallet. This is good option to consider besides airgapped.
We used to think so, but I think that after everything that has happened and what is currently happening with some hardware wallets, we should no longer treat them in the same way as before. The only way we can be somewhat sure that someone will not hack us is to create an airgapped wallet, and after that to protect the backup by saving it in the safest possible place, noting that we should always have one additional backup that would be stored in some alternative location. Everything else is a risk, and the only difference is how big that risk is.
Even no bad upgrades like Ledger wallet with Ledger Recovery Service, the best wallet for each person is what he can afford to have it, if not free, must afford to buy it, and can use it appropriately in security and privacy.Like if I don't have a hardware wallet, I can still use Bitcoin Core or Electrum wallet with cold storage or multisig setup. Free and good to use so it is best for me.
[Guide] Secure air-gapped crypto wallet storage method
I echo the suggestion of others. A hardware wallet is much better.
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We used to think so, but I think that after everything that has happened and what is currently happening with some hardware wallets, we should no longer treat them in the same way as before. The only way we can be somewhat sure that someone will not hack us is to create an airgapped wallet, and after that to protect the backup by saving it in the safest possible place, noting that we should always have one additional backup that would be stored in some alternative location. Everything else is a risk, and the only difference is how big that risk is.
Store your coins on non custodial wallets, store your coins on wallets that gives you complete control of your private keys and they don't keep backup. Non custodial wallets are the perfect for storing your Bitcoin. You don't have to be scared of hacks when you use one.
Exactly the problem of online hacks that happen through phishing or it’s like are eliminated when using cold wallets like the hardware wallet or the usb storage method. But other non custodian wallets like the hot wallets are also prone to been hacked if the user doesn’t keeps his keys off the internet. Also the hardware wallets can be compromised if the device is stolen with the pin known to the thief then they could easily access the seed phrase and the keys.
So the warning to OP is do not trust any exchanges most centralized exchange for storing your funds. Use non custodian wallets that are open sourced and also be careful how and where you store your hardware devices, seeds, keys and pins.
I echo the suggestion of others. A hardware wallet is much better. As an alternative, you might want to look for non-custodial open-source wallets. I guess you may start from there.
But this doesn't mean you are already hack-proof. You still have to strictly observe the security dos and don'ts to make sure you won't fall victim to those who try to steal to your funds. At the very least, however, you are minimizing the risk this way. Compared to keeping your funds in a centralized exchange or a closed-source wallet, your money could be stolen because of the negligence or failure of others. With your funds in a cold wallet or in a non-custodial open-source wallet, the responsibility is solely yours.
But this doesn't mean you are already hack-proof. You still have to strictly observe the security dos and don'ts to make sure you won't fall victim to those who try to steal to your funds. At the very least, however, you are minimizing the risk this way. Compared to keeping your funds in a centralized exchange or a closed-source wallet, your money could be stolen because of the negligence or failure of others. With your funds in a cold wallet or in a non-custodial open-source wallet, the responsibility is solely yours.
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I just repeat that no one can guarantee 100% security for each wallet that will be selected. But of the three types of storage that the OP mentioned are absolutely not good storage to serve as a place to store assets.Storage of valuable assets like Bitcoin I recommend Electrum and Bitcoin Core (desktop) and Hardware.
Then, how to use it must be well studied starting from the installation process (Electrum and Bitcoin Core) to other techniques such as avoiding going offline to a certain stage.
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
No wallet can guarantee 100% security. However, you can use non-custodial wallets to keep your funds safe. This will give you the facility to control the funds. And you don't have to depend on anyone for your fund transfer. It will be completely under your own control. For this you can use electrum, coinomi, ledger etc. But even these will not give you 100% guaranteed security. However, if you use hardware wallets than these software wallets, they can provide some more security Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
No centralized platform is safe to keep coins but you can use them to trade, buy and sell at instant. Don't keep your coins there. You can use them when you about to buy and sell. So the best place to keep it store coins non custodian wallets and best recommended Electrum Wallet. If you are keeping your coins in a centralized exchange platforms then make sure that "Not your keys and Not your coins" phrase should be ringing in your brain everytime.
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
You're wrong by storing Bitcoin on those platforms that you mentioned, some of them aren't wallets like Binance exchange therefore it's wrong to use them for storing of your coins. They might be convenient for you now but when they start getting attacks from hackers or the government and they eventually shutdown you'll regret storing coin on the exchange.
Store your coins on non custodial wallets, store your coins on wallets that gives you complete control of your private keys and they don't keep backup. Non custodial wallets are the perfect for storing your Bitcoin. You don't have to be scared of hacks when you use one.
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about $2 billion in blockchain cryptocurrency.
I don't know if you have heard about the latest hack in the crypto space right now, i.e the atomic wallet hack. Also, do you know about FTX hack? Try asking google about it and you would get some information. FTX is a CEX like Binance and atomic wallet is a close source wallet like trust wallet. Now, back to the wallets.... Binance is an exchange and it uses a hot wallet while trust wallet is a non custodial close source wallet. Both are not recommendable in storing funds and you should move your assets to a hardware wallet like trezor, ledger, ellipal etc. but if you cannot afford a hardware wallet then you can download a non custodial open source wallet like electrum (only from the official website to be safe).
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
Remember, there's no such thing as 100% secure - but you can practice the best security method for the wallet you use. It's just that you should not entrust your bitcoin to third parties including centralized exchanges and closed source wallets. Use wallet according to your needs regardless of what we suggest - but you should consider wallet that gives you full custody.You can find wallet recommendations here that you can adjust to your device's operating system. Try following the steps:
Cold Storages are generally considered the most secure type of platforms to store your bitcoin, it's basically because they don't always have a live connection, wallet is online only when you connect the hardware into the system.
With an airgapped device cold storage you never need to connect your private keys to the internet. You can create and broadcast your transactions on a watch only wallet, using the wallet that contains your private keys to just sign tx, which does not require internet connection to do. 
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
There's no any platform to use that is safe and secured than in you getting a decentralized cold storage to have your bitcoin in, you can make use of electrum wallet, get a hardware wallet or download the bitcoincore software and run your privacy nodes, remember that you can only go private from either of these means and you don't have to seek for this from a centralized exchange or institutions, not your keys not your coins.
The mentioned wallets are all custodial and your coins can be frozen or stolen if those third-party wallets decide to or are prone to hack incidence, even though they are not 100% the most secured Bitcoin wallet but then we recommend you use a non-custodial cold wallet.
You can use a hardware wallet device at least it provides some level of security since you are in control of the wallet and the keys, you can decide to use it in whatever ways you feel secure.
You can use a hardware wallet device at least it provides some level of security since you are in control of the wallet and the keys, you can decide to use it in whatever ways you feel secure.
Can't be hacked? Lol! I want to know as well.
This is a myth and there is nothing in the world that cannot be hacked. Ideally hardware wallets are supposed to be secured and offers more security than any other third party online wallet provider. But nothing can be 100% secured to be honest.
Try to keep your wallet disconnect from the internet. That will make it more secure and that's how big exchanges store their currencies.
This is a myth and there is nothing in the world that cannot be hacked. Ideally hardware wallets are supposed to be secured and offers more security than any other third party online wallet provider. But nothing can be 100% secured to be honest.
Try to keep your wallet disconnect from the internet. That will make it more secure and that's how big exchanges store their currencies.
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