Bitcoin Forum

Dear Team,
For Every New Trader It's Time Very Critical Due to Corona Virus All Globally impact All over World High Unemployment Some people looking idea how to earnings online or digital crypto currencies My Suggestion is Everyone people keep full research after investing any coin hold good coin u profitable future time is cryptocurrency.
Safety tips For hacking any scammer not loosing your money
1.Never Share  Publicly Email Address.
2.Use Top 3 Exchange by Coinmarket cap rank.
3.Use 2FA Security Exchange And Email.
4.Never Share Your Personal Details Like Phone and Email.
5.Change Password Every Months And Use All special Characters.

I'm sorry to say this, but your tips is bad. What I read on your tips is actually you suggesting for leave your coins in an exchange. Remember not your key, not your coin if you leave your coins in exchange, you didn't have full control about your coins. It's doesn't matter how secure your account, how strong your password, how good you hide your personal information... If the exchange got hacked, your will lost all your coins. You need to know, there are so many exchanges get hacked every year [1]. The safest way to leave your coins is on hardware wallets (e.g. Ledger, Trezor)

Another bad tips, you shouldn't only trust a top list on CMC and do own research. CMC is knownly listed top fake volume exchanges [2]. It's better to use coingecko IMO

Repetition?

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[1] https://bitcointalk.org/index.php?topic=5090869.0
[2] https://bitcointalk.org/index.php?topic=5210841.0

OK Sir
But some idea trying every new invester some safe

Forget coinmarketcap, their exchange ratings aren't fair enough, coingecko is still better, the best exchanges are binance kucoin Okex huobi gate bithumb etc, don't use p2pb2b exchange because it's too exchange on coinmarketcap

This step by step is not for the investment purpose, but for the security advice for everyone who held their asset on cryptocurrency.

I believe @OP miss understanding between the topic and title thread, should change it, anyway this kind of advice we already talking about this a thousand times even there has some better explaining from some member if we compare it with this advice.

First of all for an investor it will take years to make profits from their capital so if someone turns out to be an investors after covid 19 they can't expect any returns for atleast a year.Then investor means they need to hold their coins for that they need a better wallet not on exchanges no matter what kind of security they are giving.

Somehow I can't seem to understand your point before the tips. But I think anyone coming to invest will know all this simple tips to start with. You can't just bump into cryptocurency and start investing just like that. No good investor will hold his coins on an exchange or even share his details publicly. There is more to investment than this.

I can add a few thought in your list:
1. Use dummy email accounts, you can publicly those without any worry.
2. Nope, use top 3 exchange with real volume cap or good reputation.
3. 2FA is a must in almost every exchange today
4. Agree, I have nothing to add.
5. Use can use password keeper, just need to remember 1 master password for it.

I will like to add that, it is always safe to create a different wallet for every DEX or decentralized exchange you transact on and learn not to expose your private keys to just about any site that asks for it. Another thing worth mentioning is, never download files without first verifying of those files, apps or documents are official. You could just be downloading spywares and malwares into your device unknowingly. It's better to be safe than sorry..

It's good enough to use a well mixed -letters,numbers,symbols- strong password but easy to recollect by the user, changing a password every month can be the undoing of the user latter on when it get mixed up, but the title is more of a general security/how to be safe tips than security investment tips

This is a good advice but there are people that don't prefer the top exchanges. Even how good Binance, Coinbase, and Huobi because these are the top three exchanges as per CMC this time.
https://coinmarketcap.com/rankings/exchanges/
As long as the exchange is legitimate and it's not a scam, everyone can get into that exchange. I don't also like trying new exchange but there are plenty of them that are no longer new and proven to be legit.

Security of your accounts are the most essential things in cryptocurrency investment. Once you lose it and you're not aware of those hackers, all of your sacrifices and assets will be put into waste and go to those hacker's hand. Don't you ever share a single information about your accounts to anyone, no matter who ask for it.

Always think of the possibilities where there are people who are knowledgeable and experienced about stealing or hacking money.

Changing passwords if necessary and maximizing the use of other characters are useful for a more technical with variety of letters, number, or symbols.
When you invest in crypto, you should be always aware about your account. Check the security, as well as the progress.

I want to add number "6. Don't use other gadgets/devices" it is because sometimes we forgot to logout our accounts. Always logout to prevent your account to be saved from other people's devices.

These are just some basic tips which almost everyone in this community knows, you should have posted something more advanced and unique so that people could learn something new. Yes, maybe some newbies can learn a thing or two from these tips.
Also you have used the word investment in your title so you should have told people how and where to invest, how to reduce risks, which coins seem good ro go north from here onwards. Personally i think it is good time to enter and accumulate top coins as i expect bulls domination from the last quarter of this year.

I don't think there is anyone that will just jump into investment without doing his/her own research, all the tips you listed here is a simple tips that everybody should know, though I don't believe trusting exchanges listed on CMC is a nice idea is better verifying exchanges before investing on them.

All those listed here aren't investment safety tips. They are safety but not for investment. I was expecting to see suggestions that gives away scams and how to know a worthwhile investment based on the topic you chose to the post. Thanks for it anyway.

So, what you are trying to say is for new investors or traders? Because it will need different tips.
We know that some newcomers may enter this crypto world during this COVID-19 pandemic. However, I am still confue=sed about the tips you are referring to. So sorry about that.

1. In your title, it is "Re: CRYPTOCURRENCY INVESTMENT SAFETY TIPS"
It is a very good title and makes me curious because I also want to make my investment safe enough. but after reading the content of your thread, I'm really confused because you to utter it to the trader. It should be different, mate. In addition, after reading your tips, I think that it is too general.
Everyone can also say this, should do research on the coins that will be invested, which makes us profitable for current or future investment. But, what kind of research? how to research? What kind of coins better to invest or trade?

2. Risks are not only about the hack
Well, you say about the tips of avoiding the risks for investors, but you say for the trader, and then being safe from hackers. As we know, the risk in the cryptocurrency is not only because of the hacker. but most people lose their money is because they chose the wrong coin, do the wrong strategy, and also lose of trading.
For the security risks, are you sure going to put your invested coins in exchanges? if it is for a long term investment, I will not prefer to use any exchange to save my coins. I will prefer to use my personal wallet (hardware) because it is more secure than putting my assets in exchanges. it is too risky even we have secured our personal data and details. You know, hackers may not need those details, they are smart and they can hack the exchanges entirely.

This is also what I think.  Thanks for explaining clearly ;D
Additionally, he talked about securing the important data safely, but he only talks about email, phone, and also 2FA. it may be only for the exchanges and to hack exchanges, hackers may not need these data.  ;D
if we are talking about our personal wallets, we must secure private keys, passwords, mnemonic phrases, and other important data. Not only about email and phone.

I agree with the above points and I think it is necessary to be vigilant to secure our crypto assets. There have been many examples of crypto theft and by storing email or other data, then at least the chance for crypto theft is getting smaller. 2FA needs to be used and we should back it up so that at any time we don't panic when our mobile is damaged or lost

Two steps verification or phone verification that's enough for security. Exchange wallet mail should be different than public use. Your second safety tip is very bad, the coinmarketcap exchange rating isn't updated yet. Any fake volume exchange can take the top position in coinmarketcap as p2pb2b exchange. Take some exchange from Coingecko.

This one, this is more of the security side of involving yourself in crypto. The best safety tips?

"Invest what you can afford to lose"

"Invest on projects that you understand, DYOR".


Yes, we have seen this reminders many times in this community, but I guess it's never too late, specially that there are a lot of individuals joining crypto-sphere everyday.

1. Its ok to share it publicly as long as you're participating on a legit project, and some spreadsheets reveals your email address, just take extra measure to secure it.
2. It is advisable but you can still use many crypto exchanges as long as you want, again just take your part to review first the exchange before joining.
3. Some exchanges already ask you to do this security step, it is so easy to set-up so better to be secured than to say sorry later.
4. This will depend on your transactions, if its legit then so be it but if in doubt, just ignore those who're asking for your information.
5. If you have a good memory please do so, but personally I'll stick with my passwords not until someone tried to open my account.

One thing i want to add is that crypto investment market is improving because of huge bull market expectations so there will also be available some fake projects that will look to loot people of their precious btc and eth by selling them their useless tokens so be very careful and only invest in high quality projects.

I certainly agree with these tips. It's really important to invest with top coins especially if you're looking for an assurance and a guarantee of gaining a good profit. Securing your personal details is also helpful and that's also our responsibility. We should know that investing in crypto has a big risk so it will be better to invest in something that we could afford to lose. Never be greedy and try to apply the basics of investing which is to buy low and to sell high.

 I will advise anyone who want to invest in cryptocurrencies should invest what he or she can let go in case of loses. another important tip is do not be in a hurry to invest in any project , rather make sure you carry out due diligence research  about the potentials of such projects before investing your hard earn money . One more thing learn to take profits.

Your title is discussing about investment, mate? How can you describe "trader" on the thread content?
You must focus on the title. If you are discussing about investment, then you should explain about investor, not trader. 

I agree with you, mate. I feel the title is like "clickbait" and if it is needed why don't to change the title.  :D
I think the best title is "Tips to avoid hackers or scammers".

Thanks to adding new add tips, we should be more before buying any scam altcoins. Newcomers can safely trade with top altcoins but fresh coins shouldn't be bought if it has a low volume. I want to add more tips on who's wants to trade in this pandemic. After listed any top exchange, every coin has correction time, so be ready for that.

it looks like they don't check every market, so they put in fake volumes in the highest volume level, that's a lack of CMC, I prefer to use coingecko than CMC, I hope they can improve it, so new investors don't get caught up with the fake volume

Checking on the market can also give information. You can see how much the volume, the order, and the history for that coin. That will help you analyze the coin, and if you have an interest in the coin, you can directly place your buy or sell order at the market. But you should be careful if you want to buy the coins because the analysis will need to do more. No matter if you use coinmarketcap or coingecko, if you can not analyze from the information that you got, that will be no use.

True! Besides doing trading analysis, we should check the markets and exchanges directly. Anything will lead to your proper skills and knowledge. therefore, if we want to make a good decision, we should learn how to make it! Investing is not an easy task. It not only based on your knowledge and skills but also based on your experience!

Point 1 is true as it reduce chances of spam emails and so on. But for point 2 I do not agree, what are the top exchanges when we know coinmarketcap do not always report the right thing?, rather I would say, when you see any potential coin to buy, buy from good exchanges and withdraw to personal wallet. This is because, not all exchanges nor the top 3 exchanges might have the potential coin in question, also even when bought from top exchanges withdrawing to personal wallet is the best form of asset security. Lastly, 2FA is a must, even most exchanges makes it mandatory.

I believe their security is good enough to avoid being hacked. As long as you set a strong password and have lots of special characters, I believe that no one will be able to hack it.

This advice is exclusively for newbies or those people who certainly know nothing about crypto. There are plenty of tips and learning materials they read and learn to educate themselves before venturing in this kind of business.

Definitely, in cryptocurrency, the people who got scam are the newbies in most of the cases. That's why they have to educate themselves enough before taking bigger steps in the beginning. This kind of advice is very much important for newcomers to not get scam.

You forgot about the most important safety thing - try to be anonymous! You never know who will abuse the information that you own cryptocurrencies.. and when you use the top 3 biggest exchanges, you need to pass KYC and thats why you can't stay anonymous.

I've tried before in using junk mails especially when joining airdrops in here, because I believe that they require email address and I don't want to use my real email address. Good thing I did though because there were quite plenty of junk mails I receive from the airdrop and one even attempted to lure me into their phishing site.

I must add up also.
6. Never leave any single cents of your money into an exchange ever.

Good tips thanks for the post. you shared all good tips i want to add something more, there are alot of suspicoius sites in first view its look like original legit website but if you do little more intention and observation you willfind out what is wrong as these type of sites steal your private keys, all your assets and your paswords.

Health to all of us and our loved ones, but I also advise you to leave some instructions on how to get access to your cryptocurrency for your family in case something happens to you.

Right, those five tips are very good to be used by anyone in any case, because everything is related to the security of our accounts and the security of our assets as well, so it is fitting for things like this to be used from afar for good, not just for now only.

Sharing email publickly is very risky but some bounty managers ask the bounty hunters to submit email and they disclose publicly on spreadsheet. This reduces our email privacy. Top 3 exchange like Binance is already hacked but more reliable than other exchange. Always try to change password regularly, using 2fa is secured.

Those who put their investment in single basket and not monitored it everytime probably already loss a lot, like what happen to me before, I'd been putting it in many altcoins but then lose since it's too late that I plan to monitored it hoping prices will go up again, so putting your investment does not mean putting only in cryptocurrency investments but in all investments which means not put only in crypto may it be BTC or ETH, but also a lot some for real estates or stock investment better if with business to, don't always put anything in one but it's good to focus at one at a time meaning setting time frame when to study or start forex, stocks and etc.

I think I could add one more tip to your list: Never install an untrusted app/apk for your smartphone and alike for your PC as well. You will never know how much vulnerable you're if you allow those apps or programs running on your device.

Whoever invest all funds in a single project knows nothing about investment and should not invest at all in the first place. Imagine getting a massive dump from that coin, you can't even bare it and will definitely sell at loss due to your emotions getting screwed up. But if you diversify your investment, and you know you are holding good coins, you can be patient enough for the price to rise when there is dump.

Well said. Investors who only focus on a single coin putting all his hard earned money on it might only regret in the end because there is no guarantee that this coin will be forever in a pump. So it would be a practical advice to diversify always our investments so that if one investment fails, we can still count on to another one. But of course, DYOR first before investing.

I noticed it too, but that does not mean that he should focus on what the put as a title, might as well he change the title of this thread, mainly about the traders.

But I still get his point, and it is relevant at all not even a clickbait lol. He inlcuded that it is a safety tips when engaging with investments, I didn't find any wrong with it but what I did find odd is the type of thread. We already have a bunch of this like thread, he could have just read and comment on the old threads, I'm pretty sure those threads are full of tips on how to get loose with scammers. Even we are on a highly techie age, there are still people who are unaware of what crypto investment and trading is, this thread might help the beginners to counter those.

People shouldn’t be leaving their funds on exchange, even at that you should always make sure that the exchange you’re using is secure. Even exchanges can be hacked and money that belongs to customers will be stolen. It has happened so many times and if you read the news you must have seen it happen. So, you should make use of good exchanges that even when such a thing happens you’re sure that you money is still secure.

Know how they secure your funds; an example is Coinbase, they make use of offline vault to store your money and they have insurance as well. And like I said at first, also have your own wallet where you store your funds, everything shouldn’t be left on an exchange.

I would say it is vital importance that if you want to be secure in trading, do not trade something that you have no idea about. Not even studying it for a while works, you have to actually make sure that you know every single bit of a detail about that currency that you can, that is the important part, if there is something that you didn't know and after buying it and it goes down and you realize it went down because of something you didn't see before, that means you didn't do your research well enough.

Learn absolutely every single detail about the thing you are putting your money into, you wouldn't buy an comb (simple thing) from someone unknown online, so why would you invest into something you do not know every detail about? Find even the smallest little detail if you can.

I think so and people must always avoid to deal with suspicious app. I heard that so many scammers were also creating fake application and software to steal the data from the users. So many news have also published that too.