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Other => Beginners & Help => Topic started by: TarunDis on September 11, 2019, 06:32:24 AM



Title: How do you protect your cryptocurrency from thefts?
Post by: TarunDis on September 11, 2019, 06:32:24 AM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?



Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Herbert2020 on September 11, 2019, 06:42:20 AM
you shouldn't compare what happens to exchanges with what could happen to an individual user holding bitcoin. the exchanges are (in most cases) shady and their reports of hack is usually their own scam trying to rip off their users and best case scenario is their weak ass security.

a user however can easily use cold storage to store their bitcoin. all you have to do is
- download your favorite wallet that you trust and know is safe.
- verify its signature to make sure you have the right wallet not a malicious one.
- run it on a clean and offline computer (like on a live Linux offline)
- create a new wallet, then export a single private key or if it is HD wallet, export the seed phrase and print it on a piece of paper.
* it is best to encrypt it before printing it.
- send the coins you have to that address.
now it is safe.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: figmentofmyass on September 11, 2019, 07:13:03 AM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

in 2 words: cold storage. (https://en.bitcoin.it/wiki/Cold_storage)

most people around here will suggest buying a hardware wallet like trezor or ledger, but i don't consider that true cold storage since the device is still connecting to the internet. (among other potential attack vectors)

i suggest having a set of coins in deep cold storage that won't be accessed for years. for everything else, you can set up an offline signing wallet using electrum (http://docs.electrum.org/en/latest/coldstorage.html) that safeguards your private keys on an air-gapped computer.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: mjglqw on September 11, 2019, 07:29:58 AM
The key is to hold the funds using a non-custodial wallet. That way, if you get hacked for some reason, it's solely your fault. If you hold bigger amounts of coins, definitely a hardware wallet. If you don't hold that much, a wallet like Electrum on your mobile wallet would suffice.

Spend a good amount of time in making sure you know the differences between different types of wallets.
  • https://bitcointalk.org/index.php?topic=1631151.0
  • https://cryptosec.info/cryptocurrency-wallets/


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: prix on September 11, 2019, 07:32:53 AM
But how do the crypto holders protect from hackers?
Do you use any special tools?

Cold storage is best (if you have a good backup), but if you actively trade, own different altcoins, have many registrations on different resources, then other measures are needed.

Checking signature of downloaded file, running nontrusted in sadbox or VM, using HIPS (host-based intrusion prevention system), firewalls, manually set DNS, Windows Applocker, restricted user, VPN, minimum set of extensions in the browser (adblocker necessarily), actual software version, using password manager with autofill and obfuscation, using bookmarks and checking addresses from different sources, using different computer for crypto, 2FA (and you should prefere something like TOTP instead of sms), hardware wallet, double cheking all critical info, etc.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: stadus on September 11, 2019, 07:36:26 AM
Well, exchange are always vulnerable to hacking as that's where big money is stored, I suggest you buy a hard wallet so you will feel safe.
Just make sure you won't tell anyone that you are holding BTC because you can also be a target or robbery, we know that this world is full of risk and there are people who are willing to commit crime just to get a big amount of money from you.

I was able to suggest that you don't drag or let people you are holding bitcoin is because of this news:

https://news.u.today/news/norwegian-bitcoin-millionaire-proves-why-you-shouldnt-brag-about-your-crypto-riches


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Darker45 on September 11, 2019, 08:18:11 AM
  • As everyone is saying, make use of hardware wallets. The most popular and trusted are Ledger and Trezor.
  • If you do not trade, avoid storing in exchange wallets. They are more prone to huge hacking attacks since the money is there.
  • Use all available safety features. Registering your contact number, your email, use 2FA, touch ID, etc. to hinder any unauthorized access.
  • Do not entrust passwords, private keys, PINS, seeds, and other private information to anyone even family members and friends.
  • Do not store any of these private information in your email or any online account.
  • Be extra careful in getting into sites and clicking links, especially unsecured ones, to avoid getting victimized by phishing sites and malwares such as viruses, spywares, etc.
  • Never ever give your private information to anyone, even persons claiming to be staff of your wallet provider.
  • As much as possible store your coins in different wallets. One may get compromised but others are not.
  • And finally, as a poor lurker in the collectibles section, why don't you try buying a loaded physical Bitcoin or bill? You'll have a beautiful collector's item plus you have a safe storage of your coins. ;D


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: NeuroticFish on September 11, 2019, 08:28:45 AM
Yep, most secure is cold storage. For HODLers, paper wallet will do. And after that come the hardware wallets.
But while setting up correctly a cold storage or paper wallet(s) may need some tech knowledge, the solution at hand remains hardware wallets.
However:
* don't keep all the eggs in the same basket: split the funds between multiple wallets
* don't keep online the funds that you don't need online. Even if you go for the more expensive option - the hardware wallets - nothing is 100% safe. Keep some funds in a separate wallet (whether is hardware wallet or not) which you probably won't use in the next years. If one wallet is compromised, your main funds remain safe.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: jossiel on September 11, 2019, 09:36:23 AM
What I do to avoid hack.

- using a ledger wallet (hardware wallet)
- not downloading unfamiliar apps from unfamiliar source
- never store huge amount on any exchange, yes even binance.
- never fill up spreadsheets
- not clicking links that I dont know

The other were mostly mentioned above.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: mjglqw on September 11, 2019, 03:34:36 PM
- never fill up spreadsheets

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: voltesbit777 on September 11, 2019, 04:50:45 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?



So far I'm not using anything for now, But I am planning to buy nano ledger or hardware wallet at the amazon or Alibaba sooner or later for sure. But for now, if I know that I have a huge profit for what I did was I converted it into bitcoin going to fiat to become a real money, then put in my bank savings account. But once I have the nano or hardware wallet I will store most of my profit in it for sure.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: MonsterV on September 11, 2019, 04:52:34 PM
There are many ways to protect our wallet from hacking, I myself only protect my wallet with cold storage. I use wallet only when I need funds for transactions and even then on a secure device. But if you choose to be more stringent security, please try using a hardware wallet because in my opinion, a wallet like that is very tight and safe. Maybe some of articles below can help you to find references and tips for securing your wallet.

https://bitcointalk.org/index.php?topic=3002655.0
https://bitcointalk.org/index.php?topic=2219544.0
https://bitcointalk.org/index.php?topic=5038829.0


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: xvids on September 11, 2019, 05:59:09 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?


Use a hardware wallet if you would invest in crypto might as well invest in the safest wallet for your funds.
I am only using the exchange whenever I would trade my crypto's I don't really like to keep my crypto on them I want tobe the one who is responsible for my money.
So that if ever something wrong happens I know that it was on me and I wouldn't blame somebody else.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: BITDV on September 11, 2019, 06:07:11 PM
I guest this is something diffrent between exchange wallet and personal wallet. Sometimes exchange warn us to not store all digital asset in their wallet, because they are worry too. Exchange is potential target to hack, if you trust exchange it was your fault.

I just use exchange to trade not to keep my coin and hodl because i dont believe them. Everytime i trade and got profit i will send to my private wallet except i want to double my capital in exchange. I protect my wallet with several way such as using hardware wallet and keep private key in my house.

I never publish my private address to internet, and my private address never submit to any platform on the net.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Slow death on September 11, 2019, 06:11:29 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

this is very strange, you are new here in the forum:

Name: TarunDis
Posts: 1
Activity: 1
Merit: 0
Position: Newbie
Date Registered: Today at 06:26:16 AM
Last Active: Today at 07:26:23 AM

but are you asking a question that easily on google and youtube has the answer?

for example:

go to google and type: " how do the crypto holders protect his bitcoin? "

see the result: https://www.google.com/search?biw=1264&bih=847&sxsrf=ACYBGNR76nJ8qki_4YMLo-LzCHNgT_Ciyg%3A1568225306289&ei=Gjh5XbqhEYS4gwfToIrADA&q=how+do+the+crypto+holders+protect+his+bitcoin%3F&oq=how+do+the+crypto+holders+protect+his+bitcoin%3F&gs_l=psy-ab.3..33i160l4.23420.32546..32859...0.0..0.321.3412.2-12j1......0....1..gws-wiz.......33i22i29i30j33i21.bHTtwdmcp2U&ved=0ahUKEwi6lrzCrsnkAhUE3OAKHVOQAsg4ChDh1QMICw&uact=5

and then you could search on youtube


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: adzino on September 11, 2019, 06:17:17 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?


The special tool is your "brain". Don't act stupid and you will be fine. Don't fall for offers that sound too good to be true. Remember, no one is going to give you free stuffs for no reason. Be careful when browsing the internet. Make sure you download from legitimate sources when you have to download anything. Avoid pirated stuffs (at least avoid those from unknown crackers). Keep your computer clean and never share your passwords or any other sensitive information (like private keys and stuffs) with anyone.
Oh and never store coins in an exchange. No matter how much they claim they are secure, they are always prone to hacks.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Mulann2 on September 11, 2019, 06:45:00 PM
You can also send it to a wallet on your mobile or desktop, write down the secret phrase on a sheet and keep in a safe place, uninstall the app from your device  - pc/mobile  if you are looking to hodl long term then just carry on with your life as usual,  this way your crypto is safe and you can access it whenever you feel like.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: bitbenzhong on September 11, 2019, 07:03:35 PM
Put the assets in several cold wallets, private key physical storage


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: kryptqnick on September 11, 2019, 07:45:16 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?


I access the wallet I use from the link on my email to make sure I don't accidentally end up on the phishing website. I also use a multi-factor authentification system, and I feel fairly safe with it. I know some people prefer paper wallets or at least offline wallets, but I truly believe that the chance of my 2FA (actually, not just the 2FA) being somehow hacked is lower than the chance of me losing the papers with essential information or the drive where the wallet is. And besides, I use it on a regular basis, so it would not be convenient for me to access it otherwise. I lost my money once, but it was my mistake to use an Ethereum wallet that was considered pretty good back then but was not the most popular wallet (the owners decided to scam everyone at some point).


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: boris2470 on September 11, 2019, 07:54:40 PM
Exchanges are centralized structures; you cannot know what fraud is happening inside. Therefore, storing crypto on the exchange is risky. Use cold wallets. In my opinion, you can use large exchanges in case of using small volumes of crypto, then you will not lose a lot of money in 'hacking' case


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: electronicash on September 11, 2019, 08:05:18 PM

Just having the coins in your own wallet with the password and private keys with you makes it safer than putting it on the exchange. Losing you laptop or your computer crash might just be another threat so what I do is keep my back up on my usb drive and just keep it in my safe side.  MEW wallet is safe already, you just got to take precautions to phishing and all.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Artemis3 on September 11, 2019, 08:38:06 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?




A pen and piece of paper. Yes really, its all you need for a secure offline wallet, in that paper you write the seed words, and protect this paper real good, perhaps make another copy in another piece of paper and secure it very well in a separate physical place.

Of course you have to had printed or copied addresses from this wallet so you can send funds into.

If there is any tool you need, that would be the live (linux) os you should use when making the wallet, or the very rare occasion you actually want to spend the funds stored in it. Offline wallets are meant for savings, once created nobody can steal nothing. In fact most Exchanges move the majority if their funds to offline wallets, which is why the latest "hacks" don't amount to major percentage of their funds. Online you only need a minimal amount needed for day to day transactions, and that should be done with a separate wallet.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: bitart on September 11, 2019, 09:17:47 PM
...
So far I'm not using anything for now, But I am planning to buy nano ledger or hardware wallet at the amazon or Alibaba sooner or later for sure.
...
You should not buy a hardware wallet (a key to your security, to your funds, etc...) from Alibaba or Amazon...
Buy a hardware wallet directly from the manufacturer, directly on their website, usually they offer worldwide shipping, so there's no need and no use to buy them from a 3rd party...
Also, on ebay, there are some hardware wallets which are shipped with some kind of documentation, where the seller wants to scam the buyer and helps to set up the hardware wallet with pre-generated seed, and asks the buyer to set up the hardware wallet with the given seed... So if the victim sets up the hardware wallet with the given seed, and transfers some of (or all of) his/her funds to the new hardware wallet, the seller (scammer) can easily move the funds because the address (connected to the given seed) is controlled by the scammer...
So if you want to buy something security related stuff, only buy it from a trusted source...


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: migws on September 11, 2019, 09:40:22 PM
If you do not want to use the exchange to store Bitcoin, then use Bitcoin Core or different cold wallets. Cold storage is the most reliable; however, if you manage a small amount of coins, then you should use something easier because cold wallets are pretty expensive.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Reid on September 11, 2019, 09:54:04 PM
No worries about centralized exchange since they will pay if proven guilty.

I would go hardwallet for you. But you are a trader I think and that may be one reason why you are scared.
Hodlers type are different to think.
They will better let a fall happen and add some more bitcoin in their stash.
Keep safe


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: pixie85 on September 11, 2019, 10:09:57 PM
If you don't want your coins to be hacked keep them on a device that doesn't have Internet connection. This is the simplest way to do it.

Hardware wallets work fine too because they are offline. When you want to make a transaction get everything ready connect your device for a minute or 2 and send. To receive just check the status of the transaction on the blockchain. You don't need your wallet to be online for that.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: BitMaxz on September 11, 2019, 10:24:58 PM
If you do not want to use the exchange to store Bitcoin, then use Bitcoin Core or different cold wallets. Cold storage is the most reliable; however, if you manage a small amount of coins, then you should use something easier because cold wallets are pretty expensive.

What do you mean by pretty expensive?
You can make a cold wallet without buying anything unused PC or Laptop or use the VirtualBox with OS just turn off the internet under VirtualBox settings to make it as offline and install Electrum. We can call it cold storage just make sure to make a watch-only wallet to monitor your balance and make a raw transaction.

It's zero cost unless if you are planning to buy a hardware wallet Like Ledger Nano the price is not so expensive you can buy it around $50.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: AjithBtc on September 11, 2019, 10:29:57 PM
No worries about centralized exchange since they will pay if proven guilty.

I would go hardwallet for you. But you are a trader I think and that may be one reason why you are scared.
Hodlers type are different to think.
They will better let a fall happen and add some more bitcoin in their stash.
Keep safe
Every exchange won't give us with the funds if some hack or security breach takes place. Maybe the top exchanges will give us with such a support, because these kind of incidents will damage their reputation and the same gets reflected on their trading volume.

Foe smaller funds it is good to use web wallets that has come years back and has gained good reputation among the common users who transact bitcoins quite often.

Hardware wallet is the best choice for hodlers who buy and leave it for years without making any trade moves.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: tanjiran on September 11, 2019, 11:51:32 PM
Nothing is really safe on the internet. I am sad because my wallet blockchain was hacked and I lost 0.031 BTC. I have given maximum protection, email authorization and 2FA. I don't know, I don't want to think about it. The thief is very heartless, I hope you all do not experience this.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: crzy on September 11, 2019, 11:56:12 PM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?


Just a hard wallet and place my keys on a good place. Exchanges are hackable and not safe to place big money, you have to think for other ways to protect your wallet so if you have extra money to buy hard wallet do it now. Thefts will do their best to get easy money, donít be a victim because your coins are really important.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Gi01 on September 11, 2019, 11:57:42 PM

Do you use any special tools?


You don't need any special tools to keep your cryptocurrency safe from getting hacked or stolen. All you need is to avoid storing your crypto coins in exchange platforms. Don't use a public internet connection to access your wallet or exchange account. Use as much security features such as 2FA to keep your wallet and exchange accounts more secured...


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: rdluffy on September 11, 2019, 11:58:24 PM
First of all, the most important is: information, and this we have in this forum, so before doing anything, check here to see if a wallet is trustable, if an exchange is good, if the websites you're using are clear etc

and the basics, do not keep your coins in only one place, don't trust in exchanges to keep coins for a long time, do not install unverified apps and you should be fine

These above are my steps to being protected


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: prix on September 12, 2019, 01:51:23 AM
You can make a cold wallet without buying anything unused PC or Laptop or use the VirtualBox with OS just turn off the internet under VirtualBox settings to make it as offline and install Electrum. We can call it cold storage just make sure to make a watch-only wallet to monitor your balance and make a raw transaction.

VM it's not a cold wallet. VM may be escaped, host may be infected (keyloggers, trojans, etc).
https://en.wikipedia.org/wiki/Virtual_machine_escape


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: mjglqw on September 12, 2019, 03:55:51 AM
You don't need any special tools to keep your cryptocurrency safe from getting hacked or stolen. All you need is to avoid storing your crypto coins in exchange platforms. Don't use a public internet connection to access your wallet or exchange account. Use as much security features such as 2FA to keep your wallet and exchange accounts more secured...

If your wallet actually has 2FA features, chances are, it's a custodial wallet, which you definitely shouldn't use. Reputable non-custodial software wallets mostly has just pin locks or fingerprint locks, not 2FA. Looks like you need to do a bit more reading: https://bitcointalk.org/index.php?topic=1631151.0


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: TarunDis on September 12, 2019, 05:39:50 AM
The key is to hold the funds using a non-custodial wallet. That way, if you get hacked for some reason, it's solely your fault. If you hold bigger amounts of coins, definitely a hardware wallet. If you don't hold that much, a wallet like Electrum on your mobile wallet would suffice.

Spend a good amount of time in making sure you know the differences between different types of wallets.
  • https://bitcointalk.org/index.php?topic=1631151.0
  • https://cryptosec.info/cryptocurrency-wallets/

Do you think mobile wallets are safe? what if a pocket thief steals your phone?


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: pealr12 on September 12, 2019, 07:00:29 AM
My way of storing cryptocurrency is not original: I do not keep large amounts of cryptocurrency on exchanges, preferring cold and hardware wallets.
sometimes exchages are not even safe to store your crypto,  ive beeen using MEW for 4 years and till now my altcoins  is always safe,  its up to the holders how to secure their coins.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: mjglqw on September 12, 2019, 07:33:24 AM
Do you think mobile wallets are safe?
Non-custodial wallets are the way to go if you don't have that much bitcoin. If you have bitcoin that are worth a lot though? Definitely get a hardware wallet like the Ledger[1] or the Trezor[2].

what if a pocket thief steals your phone?
That's where your 12-24 word phrase backup comes in. You simply import the 12-24 phrase onto your new device's wallet app, then you're good to go. Most if not all wallet apps right now has pin/fingerprint locks already, so your funds should be safe unless you picked a bad pin like "0000" or "1234".


[1] https://ledger.com/
[2] https://trezor.io/


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Nandini_crypto on September 12, 2019, 11:12:15 AM
Quote
Always try to use strong password for the wallet you are using.
Try to use a hardware crypto wallet to store your btc and other cryptos.
Make sure you don't find yourself on crypto hack.
Don't give chance others to store your private keys.
Quote

Source: https://thenextweb.com/cryptocurrency/2018/03/12/how-to-save-your-cryptocurrency-from-yourself-and-others-because-the-world-is-bleak-and-youre-a-sloppy-mess/


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Lucius on September 12, 2019, 01:56:39 PM
- never fill up spreadsheets

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.

I think this makes sense if you need to give your social media link (FB, Twitter, Telegram) or maybe e-mail. Such information is an ideal phishing attack vector, each user can also become an individual target where hacker will try to analyze how much coins is user have, which exchange or wallet is using, and how experienced he is when dealing with crypto.

Such data can be exploited for phishing user, or maybe to convince him to invest in some bad project, all the way to the physical robbery.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: SquallLeonhart on September 12, 2019, 04:00:37 PM
Most of the special tools that you need to prove t your money from being stolen are already available through those wallet providers. First thing that any user should never do is to safe money in an exchange because that is highly risky as no exchange would ever guarantee the protection of anyoneís what we can see in the case of binance.

The best way for a cryptocurrency holder to safe guard his or her money is just to make use of private wallets with key which you already mentioned, and moist especially private wallet where we can have our private keys and one that has authenticated factors or ones that can be linked to our phone so that we are being asked of some security codes through our phones before logging in to the wallet.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: jossiel on September 12, 2019, 10:36:41 PM
- never fill up spreadsheets

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.

I think this makes sense if you need to give your social media link (FB, Twitter, Telegram) or maybe e-mail. Such information is an ideal phishing attack vector, each user can also become an individual target where hacker will try to analyze how much coins is user have, which exchange or wallet is using, and how experienced he is when dealing with crypto.

Such data can be exploited for phishing user, or maybe to convince him to invest in some bad project, all the way to the physical robbery.
I have read an experience before that he just filled up a spreadsheet and given the information that he provided (email, social media accounts, etc.).

He started to receive some unusual emails from unknown sources that contain malicious materials and links that were untrusted that can potentially direct to a phishing website.

So from that experience of that person, it became my practice not to sign up any spreadsheets anymore just to be safe.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: TarunDis on September 13, 2019, 10:45:31 AM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

this is very strange, you are new here in the forum:

Name: TarunDis
Posts: 1
Activity: 1
Merit: 0
Position: Newbie
Date Registered: Today at 06:26:16 AM
Last Active: Today at 07:26:23 AM

but are you asking a question that easily on google and youtube has the answer?

for example:

go to google and type: " how do the crypto holders protect his bitcoin? "

see the result: https://www.google.com/search?biw=1264&bih=847&sxsrf=ACYBGNR76nJ8qki_4YMLo-LzCHNgT_Ciyg%3A1568225306289&ei=Gjh5XbqhEYS4gwfToIrADA&q=how+do+the+crypto+holders+protect+his+bitcoin%3F&oq=how+do+the+crypto+holders+protect+his+bitcoin%3F&gs_l=psy-ab.3..33i160l4.23420.32546..32859...0.0..0.321.3412.2-12j1......0....1..gws-wiz.......33i22i29i30j33i21.bHTtwdmcp2U&ved=0ahUKEwi6lrzCrsnkAhUE3OAKHVOQAsg4ChDh1QMICw&uact=5

and then you could search on youtube
I did find few articles for the same like - https://entreresource.com/cryptocurrency-protection/ and https://distill.io/kb/guides/protect-your-cryptocurrency-from-hacks/

Just wanted to know if there is anything new that people use for added security. It's scary to lose your bitcoins and that's why I came to this forum looking for an answer from you guys!


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Julian ogan on September 13, 2019, 11:21:25 AM
As most of them said, don't keep your funds on Exchanges. Keep your cryptocurrencies on any hardware wallets where you own the private key of it. There are many wallets that will have "Seed or Phrase". You can store that safely on a paper or store at some safe place. Even if the wallet is lost or stolen, your cryptos are still safe.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: whtchocla7e on September 13, 2019, 03:38:46 PM
Hello new. To secure your assets, you first need to understand it, the operation of cryptocurrencies. I want to share my crypto asset security measures for you.
- Always ensure the security of private keys.
- Use some virus scanning software to detect malicious websites.
- Always pay attention to the website link to avoid web phising case.
- 2FA is always the top priority
...


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: mjglqw on September 13, 2019, 04:56:56 PM
Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.
I think this makes sense if you need to give your social media link (FB, Twitter, Telegram) or maybe e-mail. Such information is an ideal phishing attack vector, each user can also become an individual target where hacker will try to analyze how much coins is user have, which exchange or wallet is using, and how experienced he is when dealing with crypto.

Well, true. I'd place that in the "unnecessarily filling sensitive information" category though. A better bullet point there would be "stop joining scammy airdrops" instead of "never fill up spreadsheets" to be more general and specific. Because what service besides airdrops requires you to hand over your social media profile links anyway.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: ezeobulu007 on September 14, 2019, 01:14:52 AM
To ensure total security of your funds make use of decentralized exchanges and store up to 85% of your digital asset in a cold wallet storage.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: keychainX on September 14, 2019, 06:52:45 AM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?



There is a tool called vanitygen on github, you could easily download and make from source.

Disconnect from internet and run from an usb. You can even specify the first letters of your public key, I do this for our family wallet(s), each member have part of their first name in the wallet ;)

After solving the public key you have two option. Store the pub/priv key on that pendrive in a textfile or write it down on paper. I have done both. (But didnt write it done, instead printed the textfile)

Move funds to the wallet and reboot the computer (to remove any traces from RAM)

Good Luck!

/KX


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: coolcoinz on September 14, 2019, 09:24:31 AM
I like Trace Mayer's approach with a purity laptop, although this is only for people who have a lot of money invested, since the machine itself costs a couple thousand dollars. It's really wise to spend at least 1% of your investment on security and most people completely ignore it. They have 100k USD in crypto and keep it all on their home PC, which is asking for trouble.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: prix on September 17, 2019, 02:25:27 AM
There is a tool called vanitygen on github, you could easily download and make from source.

The main thing is not to download a malicious generator, which, for example, specifically has a very weak PRNG.
In this case, the attacker will have a great chance of generating the same private key as the users of the program.

Do you remember the PRNG vulnerability in Android?
https://www.theguardian.com/technology/2013/aug/15/google-android-bitcoin-securerandom-vulnerability


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: ghermghuda on September 18, 2019, 05:55:20 PM
First tip: always keep your private keys to yourself and your coins on a trusted wallet. High Security caution; always make sure to check the current status of the website, exchange or platform you're moving your coins to before doing so.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Bountyhonter on September 20, 2019, 10:35:31 PM
You can protect yourself from hack by
1. not sharing your private key with anyone
2. using an hardware wallet or downloading a well known mobile/desktop wallet from its official site
3. avoid suspicious, phishing and unknown links
4. double checking any url that has to do with your assets


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Henri Cartier on September 21, 2019, 04:14:12 AM
Once you know How to identify Crypto Scams? (https://bitcointalk.org/index.php?topic=5176466.msg52188391#msg52188391) then you can easily protect your cryptocurrency from thefts. First understand the characteristics of Crypto Scams and avoid those. Later follow the tips given by the community members.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Nelars on September 23, 2019, 03:14:14 PM
         Some people try to theft and hacked cryptocurrencies today it is because hiding their tracks is simple as their footprints can be wipe away digitally.

Cryptocurrencies still remain unfettered by a central bank or government entity, parting investors without legal and official recourse when an account is hacked.

I suggest because of fast and growing digital world there are also a lot of wallets coming from different companies coming out.
--Choose wallet/s that is proven and safe;
-- donít go to the less reputable one,
--donít take a risk to unstable sources
--choose a regulated exchange



Title: Re: How do you protect your cryptocurrency from thefts?
Post by: squatter on September 23, 2019, 11:25:25 PM
Beware of malicious USB cables. They can come with hidden software/hardware built in that can download and execute malicious software once plugged into your device. Read more about the threats here (https://www.theverge.com/2019/8/15/20807854/apple-mac-lightning-cable-hack-mike-grover-mg-omg-cables-defcon-cybersecurity) and here (https://latesthackingnews.com/2018/08/27/usbharpoon-a-charging-cable-that-hacks-your-computer/).

Best to avoid buying cheap knockoff cables or using public charging kiosks, which are prone to juice jacking attacks (https://en.wikipedia.org/wiki/Juice_jacking).


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: bitart on September 24, 2019, 08:59:49 PM
Beware of malicious USB cables. They can come with hidden software/hardware built in that can download and execute malicious software once plugged into your device. Read more about the threats here (https://www.theverge.com/2019/8/15/20807854/apple-mac-lightning-cable-hack-mike-grover-mg-omg-cables-defcon-cybersecurity) and here (https://latesthackingnews.com/2018/08/27/usbharpoon-a-charging-cable-that-hacks-your-computer/).

Best to avoid buying cheap knockoff cables or using public charging kiosks, which are prone to juice jacking attacks (https://en.wikipedia.org/wiki/Juice_jacking).
Holy sh.t....
I was not aware of these kind of risks before... thanks for sharing and pointing it out...
Now, I can ask myself why I haven't already thought about this very evident way of attacking USB powered/connected devices.... It's terrific, because 99% of the people won't think about this also, before they become the victim of this kind of attack...



Title: Re: How do you protect your cryptocurrency from thefts?
Post by: nutella_11 on September 25, 2019, 01:31:48 PM
The most important two things:
1. Use the reliable cryptocurrency exchange. Choose the popular one, with quite interesting fees and check out its security practices. I can recommend Kraken or CoinDeal. If you are a beginner, CoinDeal would be even better because it's very user-friendly exchange.
2. Cold storage is the safest way of storing your coins. Invest in the hardware wallet like for example Trezor.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: Polar91 on September 25, 2019, 10:38:11 PM
For me, the best way is to avoid clicking unkown links. It's because the unknown links that you click might be tricky and may stole your funds though phishing method. To avoid this, it's a good practice to add bookmark to your canned transactions/ your most visited wesbsites since typing the domain name through search engine doesn't always guarantee that it'll give you the legitimate one for its top result.


Title: Re: How do you protect your cryptocurrency from thefts?
Post by: peter0425 on September 26, 2019, 03:45:38 AM
Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?


Aside from securities from wallets I used the most important thing for me is to keep safe from phishing and malware over internet thatís why I never clicked or browse any links shared here or even in social media unless it was booked marked on my windows

Or atleast I have separate gadget that I used to check those links for precautionary measures .its better to be meticulous than becoming a victim