Bitcoin Forum

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.
So what would you do?

Please share your opinions!
Thanks.

Andreas antonopolos has a great video explaining industry level standards of storing crypto. Very interesting. You would be surprised to know mobile devices (android,ios) with encryption turned on are some of the safest devices to store them on. Never a windows laptop though!

It's so hard to answer your issue because we do everything in the internet environment, we don't know who are exchanging with us? all things are digital strings. So should we stop exchange like that? No, we can't stay out of the digitalization trend. So we return your issue - what would we do?
As my exprience, I only trade with who has been believed, only trade on large and reputable cryptocurrency exchanges like Binance, Remitano, KuCoin, Cryptopia, Bittrex, Poloniex, Chimcugay.com, Coinbase ... Recommend you visit one of those cryptocurrency exchanges when trade with large value.

You should refer more share from other members

I am keep my coins in blockchain and dont open suspicious link.

All we can do is make our wallets secured. As long as your wallet is safe then your BTC is safe. Get a hardware wallet like Ledger nano or Trezor so that you are not susceptible to hacks. Avoid also phising links and sites & keep your emails safe too and do not click links that you dont know where it comes from. Put only your private keys/password or files in USB and delete it in your computer. In this way, your wallets are 100% safe. Do not trade or put your BTC in an Exchange and do not trade in small Exchanges. These are only some safety tips to make our crypto-currency assets secured.

I used cold wallet, it is the best way to secure and keep safe your coins.

When you store your coins in any online wallet then you should also protect your PC with a good anti-virus software from which PC you use usually access your account. I too usually keep some coins in these online wallets like blockchain and XAPO wallets.

I'm using the desktop and paper wallets for storing my coins for long-term. But remember to keep all your private keys and seeds safely to access your accounts later.

some friends from my community always suggest to keep assets in official wallets or hardware wallets and they say do not click any links that we do not know the source.

Keeping our crypto currencies in our wallet is much better than storing them in Exchanges. It is safe to store in our own wallet our Bitcoins and altcoins but its our responsibilty to keep our wallet safe and secured. Since the wallets in the exchanges do not have the private keys, the Exchange is the owner of the coins which is stored in the Exchange. Whatever happen, we cannot get it cuz we dont have access to the private keys. So I myself, I avoid putting any coins in any Exchange. I put them in my hardware wallet. But just in case you dont have a hardware wallet, better store them in your computer and keep all your data and file, including your private keys and seeds in a notebook or paper wallet. Avoid phising sites and secure your computer as you can.

You can use a ledger wallet and store cryptos there which makes it offline and relatively safe from hacks

Depend on your aim when holding BTC. If you hold BTC for trading, you can hold it in the exchange which you  trading, some of the big exchange such as Bittrex, Binance, Houbi, Okex.. is highly recommend for you. If you hold BTC and wait for high price and sell, the best way is hold BTC in blockchain wallet.

Make sure your private keys and password are safe.
Dont download anything with malware on your computer which connected on your wallet.
If possible just have a laptop with your cryptocurrency transactions only and set aside other things.
Make sure you are sending with the right address always.

Never public any of your information related with bitcoin wallet.

I agree with you, Hardware wallets are more secure than online wallets, Like you said using a ledger wallet and store our Bitcoin on it, it will be a very good choice because your Bitcoin will be safe. I think hardware wallet should used when you have a massive number of btc whether we can use an online wallet like blockchain.info.

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. Experts caution against storing large amounts of coins through cryptocurrency exchanges, or in digital wallet apps on your smartphone or computer.

This is one of the most problem of all crypto holders, how to protect of their holdings specially bitcoin from those scammers, but here's a link that can help you with your problem with your bitcoins, https://medium.com/@gerard_blueteam/how-to-keep-yourself-protected-from-crypto-scams-e44aa0576940 that link contains of some tips on how you can keep your self protected form crypto scams, hope it will help you to keep your bitcoins safe and secure.

The most sought after question in the crypto ecosystem. How to safely store ur BTCs. I have an answer and it BUY LEDGER NANO S.

Also following advice:
Never share ur private keys ; Dont download anything with malware on your computer which connected on your wallet; Use correct address while sending transactions; HAve a strong anti virus in ur laptop.

Do whatever buy dont get hacked.

Common sense cannot be taught to everyone and it is something you are born with. If you keep clicking on third party links where they ask you for your private keys or download a malicious software which injects virus into your system and reads your private keys then I am afraid that there is nothing that can be done to make your Bitcoin Wallet secure.

Every human is susceptible to poor judgement and errors, but one has to be really careful while accessing the PC with the private keys. So, common sense is what can save you from the scams!

Ledger Nano wallet wallet is important wallet to store bitcoins

This is a difficult question because there are so many ways in which you can lose your money to scammers or hackers, when it comes to scammers the best thing to do is to not trust anyone always use an escrow if needed and if something seems to be too good to be true then most likely this, when it comes to hackers things get a lot more complicated but try to use a safe operative system and avoid downloading anything suspicious.

Everytime you keep your coins in hot wallet it means online wallet such as web wallet or desktop wallet which your pc connected to the internet you have change to be victim of some issue. But you could protect your pc and connection with some firewall or anti malware so it will secure. If you want more secure you could use cold wallet such as Ledger Nano or Trezor so your coin will keep offline and less change to lost your coins.

Mostly keep them in the offline wallets, take almost all security measures to keep safe. You are right to check twice before clicking any link because most scammers out there are targeting to steal your money. Activate all security measure to protect your account.

While a hot wallet is a problem there is a big difference between an online wallet or a desktop wallet, a desktop wallet is a lot more secure for the simple reason that you are a smaller target, if you only have a few bitcoins it is very unlikely that a very resourceful hacker is going to try to attack you, but that is a different story to an online wallet which is a big enough target for very skilled hackers.

only way to keep bitcoin safe completely is print a paper wallet and store it in that wallet .
2nd best way is hardware wallets like trezor and ledger nano .

keeping btc in online wallet can be risky if you are under attack of hacking .

The most reliable option is to store your private key, coded, on a paper sheet, without names and titles.
Use the operating system ubuntu, for sending your bitcoins to a cold wallet. Do not store all your savings on exchanges.

For safety, it's best to buy hardware wallets such as Ledge Nano S or Trezor to store crypto that will be the safest. Because if you define hold for more than 6 months, it should be stored in hardware wallets instead of stored in online portfolios such as MEW will be very dangerous because the current MEW was attacked a lot by the hacker recently. And absolutely should not visit the fake websites and always check the site carefully to avoid encountering phishing website.

This is how I protect my crypto-currencies.
Getting a cold wallet like Ledger nano and Trezor wallet will solve the issue but just in case you dont have them, you can store them in a paper wallet.
Secured your passwords and passphrase by putting them in offline and not connected to your pc.
Save all your files from your computer especially your wallet back-ups in a USB.
Use an anti-virus to protect you from phising sites and viruses that may harm your computer.
Protect your emaills and accounts in the Exchanges.
Do not put large sums or coins or your Bitcoins in an Exchange. If you're daily trading, just put the coins you use for daily trading. Then keep the coins for long-term investment in your offline wallet.

Even thou you will use trezor, ledger, paper wallet, cold wallet as long as you don't keep your bitcoins rolling then it will not be doubled and be safe, this is my point, no matter how you put security on your bitcoin and not checking it daily then you cannot supervise it, the good thing with trezor and ledger is you hold the item which keeps your bitcoin, or other crypto but always be careful with your treasure, and with cold wallet and paper wallet as long as you are connecting into internet then you are less likely 75% safe, so my advice is don't just keep it just make it roll. Daily supervision daily loss and earnings.

While almost all the advice that you give is very solid I disagree with the part in which you recommend using an antivirus, using an antivirus is better than nothing but why rely on an operative system that is so insecure that it needs an antivirus in the first place, when you can use a better system like Linux that allows you to keep your information safer?

All of the above and also, learn from others. This article is both horrifying as educational: https://medium.com/@CodyBrown/how-to-lose-8k-worth-of-bitcoin-in-15-minutes-with-verizon-and-coinbase-com-ba75fb8d0bac

Always make sure the address of the site you're visiting is correct and not a fake site, Use two-factor authentication across your Bitcoin wallet and email address, Use the password manager program, If you're using a Gmail account, perform a security check.

Plagiarism is illegal and copy/paste posts are in a violation of the rules of this forum.

Original source: https://www.wired.com/story/how-to-keep-bitcoin-safe-and-secure/

https://screenshotscdn.firefoxusercontent.com/images/3156f559-120d-4958-a229-236aa867ffc9.png

i'ved been to bitcoin investment for about a year now and all my bitcoin are stored in coins.ph digital wallet and so far i feel safe and contented on the digital wallet that i have.

Be alert on all the times, keep your wallet's private with you and don't let others know about it.
If you join airdrops then separate the wallet you use for them, use another wallet for receiving and paying others using your Bitcoin and Altcoin.

All your Bitcoin will be saved in the bitcoin wallets. To keep your bitcoin safe and secure, you must protect your bitcoin wallets. So how to protect your bitcoin wallets?
How secure this wallet is depends on how secure the computer is, whether or not it gets taken out and about, and whether it contains malware. Ideally, it should be on a computer that isn’t left connected to the internet at all times. An older computer that can be dedicated to this task is a good solution, although only if the OS is up to date and secure. As the wallet contains all the data of the full blockchain, including your cryptocurrency holdings, it also requires a serious amount of storage.  8)

In my opinion, a key step to protecting your crypto 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.  :) :)

I think , you should protect your bitcoin wallet. There are some tips to you:
1. Be careful with online services.
2. Small amounts for everyday uses.
3. Backup your wallet.
4. Encrypt your wallet.
5. Offline wallet for savings.
6. Keep your software up to date.
7. Multi-signature to protect against theft.
8. Think about your testament.
Enjoy!!!

I advise you to store all the crypto-currencies on cold wallets! And also passwords from them are simply written down on a sheet of paper, in electronic form do not store on the computer, as your computer can crack and get all the passwords. Also check the site on which you enter the password, and do not go on suspicious links.

Some my tip which i'm using to protect my Bitcoin:
- Use hardware wallets as Ledge Nano S or Trezor to store my Bitcoin or altcoins which i purpose long term investment. For exchange sites account, i always activate two-factor authentication (2FA) in the security settings.
- Use Strong Passwords: My passwords should be at least 16 characters long with a combination of numbers, letters, capitals and symbols.
- Store my recovery seed offline at a safe place.

Your last point is probably the one that no one thinks about, because you can protect your coins from external threats but what will happen if something happened to you? And I'm not referring to just your death, what will happen if you get very sick and you lose your memory or you are unable to communicate how to access your cryptocurrencies? People need to think about it before it's too late.

All we effect is create our notecase secured. As enlarged as your wallet is sheltered so your BTC is safe.

really, I think that's what matters so much at the moment. a lot of phishing sites that can steal all our assets by breaking into our wallets. so a safe step for assets is to keep our wallets from hackers.

You utilize a book billford and locate aside cryptos thither which ruffles it offline and extent sheltered from hacks

Make sure your private keys and password are kept in your hands. And hardware wallet is safer than online wallet.

I recommend Electronic wallet and mobile wallets are the best. Because Electronic wallets can be downloaded software, or hosted in the cloud. The former is simply a formatted file that lives on your computer or device, that facilitates transactions. Hosted (cloud-based) wallets tend to have a more user-friendly interface, but you will be trusting a third party with your private keys.

And Mobile wallets are available as apps for your smartphone, especially useful if you want to pay for something in bitcoin in a shop, or if you want to buy, sell or send while on the move. All of the online wallets and most of the desktop ones mentioned above have mobile versions, while others – such as Abra, Airbitz and Bread – were created with mobile in mind.

Hope you this will helpful to you. Thanks. ;)

Keep your btc safe. My favorite offline wallet to use is the paper wallet because it is safe and secure.

In my case, i used to keep my bitcoin in a safer place that im the only one knows. Some of my bitcoins  I save it in a secure and trusted blockchain and while others from a wallet.  I always activate two-factor authentication (2FA) in the security settings. I put a strong password to all of them to prevent unsecured.

Hello Make a Paper Wallet and Scan it make a PDF with the screnn and paste on USB and
Crypt the image with VeraCrypt

I use standard security methods, keep passwords safe and change them often. I keep important wallets on paper, I use important wallet from a separate laptop.

ways to keep their wallet in trust; you must install a computer-licensed virus program. you should not open every incoming mail. You should not give a privita key to anyone. if you are not actively using your wallet you can buy paper jug. you have taken the most important measure.

Well since I don't have a lotvof experience here in cryptocurrency I don't know what is best storing system of all cryptocurrency especially bitcoin. But for me in my few knowledge about vitual currency I think it is not good to store your cryptos like bitcoin on exchanges because some exchanges are not secured even if it has a securit authenticator. Moreover not all exchanges are have unsecured system. but for it ia better to store your best bitcoin in the most secured wallet in the world.