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Author Topic: What's the best way to keep my crypto investments secure?  (Read 147 times)
cryptolake (OP)
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March 21, 2018, 09:45:36 AM
 #1

Currently I have all of my crypto investments sitting on CoinSpot, and from what I've gathered, letting an exchange control your private keys is a recipe for disaster, so I want to move them off site. The issue is that I'm not entirely sure where to move them.

Should I just move them to wallets on my PC? I have money in a handful of different cryptos - do I have to download the full blockchain for each one? Is this going to take up massive amounts of storage space?

Should I just get a hardware wallet? This applies to PC wallets too, but what happens if the drive my wallets are stored in dies and data recovery is impossible? Do I just lose everything I have? If I do get a hardware wallet, are there any options in particular that are objectively superior to the rest?

If I move them into multiple wallets in different locations, am I going to get ruined by fees?
poypototoy
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March 21, 2018, 09:50:11 AM
 #2

Good anti-virus and malwarebytes would be perfect to protect your computer from these attacks,using hardwallet would be the most secured way to protect your cryptocurrencies its either ledger or trezor these are the trusted hardwallets plus use metamask extension to protect your private keys whenever you are using or trading in dex or decentralize exchanges like forkdelta/etherdelta.
Hellobx
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March 21, 2018, 09:51:55 AM
 #3

I think the safest way is to buy a hardware wallet.
Because the hardware wallet is known to be offline, it is currently the most secure.

zander09
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March 21, 2018, 09:54:14 AM
 #4

I think you should get a hardware wallet to put your cryptos or an offline wallet to secure to assets. But think it carefully, there's always a risk if you did a mistake, your assets is will be lost.
butka
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March 21, 2018, 09:57:07 AM
 #5

I think the safest way is to buy a hardware wallet.
Because the hardware wallet is known to be offline, it is currently the most secure.
Yes, hardware wallet is the most secure when it comes to bitcoin and some of the more important altcoins. However, hardware wallets don't support the majority of altcoins. Then, maybe you could consider cold storage wallets or even paper wallets?
mpufatzis
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March 22, 2018, 01:38:46 PM
 #6

A paper wallet is another cheap option. You don't have to buy a hardware wallet. Divide your coins into several addresses and you can store them safely. The hardware wallet is mostly for those who want to use them all the time. A paper wallet is mostly for holders. If you have an old PC or laptop you can use it as a cold wallet too and also sign the transaction using as hot wallet an online PC. There are many options if you aren't a day trader remove them from the Exchange.
ZaynDale
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March 23, 2018, 07:44:24 PM
 #7

Securing your investments is only through holding and don't ever extract or sell even a single coin from your wallet.
And of course it's advisable to use hardware wallets to secure your private keys from hackers and Hijackers and nobody could access your wallet except the owner.
That's how you secure your investments.

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OlinEmerson
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March 23, 2018, 08:04:16 PM
 #8

Currently I have all of my crypto investments sitting on CoinSpot, and from what I've gathered, letting an exchange control your private keys is a recipe for disaster, so I want to move them off site. The issue is that I'm not entirely sure where to move them.

Should I just move them to wallets on my PC? I have money in a handful of different cryptos - do I have to download the full blockchain for each one? Is this going to take up massive amounts of storage space?

Should I just get a hardware wallet? This applies to PC wallets too, but what happens if the drive my wallets are stored in dies and data recovery is impossible? Do I just lose everything I have? If I do get a hardware wallet, are there any options in particular that are objectively superior to the rest?

If I move them into multiple wallets in different locations, am I going to get ruined by fees?

I think holding in " myetherwallet " wallet. Cux it is currently the most secure.
SalmanMJ9
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March 23, 2018, 08:08:19 PM
 #9

I use Ledger Nano and I believe  hardware wallets are the most secure way to keep your crypto in. If you prefer something else, I like myetherwallet but you need to have a good anti-virus and keep your private key somewhere safe  Wink
Spazzer
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March 23, 2018, 08:09:10 PM
 #10

Hardware Wallet is the best way to keep your crypto investments secure.

The top 3 Hardware wallets in the scene are
Ledger Wallets https://www.ledgerwallet.com
KeepKey https://www.keepkey.com
Trezor https://trezor.io

There are about 8 other hardware wallets in the scene: https://bitcointalk.org/index.php?topic=3066531.0

As well as a hardware wallet follow normal good security measures on your computer or use an offline computer just for your cryptocurrency.

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Gekkoo
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March 23, 2018, 08:15:29 PM
 #11

We know that the safest way to store our altcoins is through a hardware wallet and this is nothing new, but regarding the security of your machine besides a good antivirus, pay attention where we click is a good start, there are links to download wallets made up with destructive viruses. In conclusion, simplicity can be allied, where it depends on the amount coins, a good exchange can avoid troubles.
 
cryptodevs
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March 23, 2018, 08:19:30 PM
 #12

If you dont trust the wallet or exchange,you can try hardwallets if you are holding coins which is supported by ledger or trezor so your coins would be protected,i dont usually trust these app wallet and uknown exchanges because it could be the reason why your investments will be stolen without knowing it trust your privatekeys to no one and you will be safe.
1l1l11ll1l
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March 23, 2018, 09:33:18 PM
 #13

If you dont trust the wallet or exchange,you can try hardwallets if you are holding coins which is supported by ledger or trezor so your coins would be protected,i dont usually trust these app wallet and uknown exchanges because it could be the reason why your investments will be stolen without knowing it trust your privatekeys to no one and you will be safe.
True, it is more advisable if you keep it in hardware that of course you have full control over all your wallet. regarding some cases that happened, that's what made me choose the hardware because I'm sure it will be much safer

billyj111
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March 23, 2018, 09:38:52 PM
 #14

Currently I have all of my crypto investments sitting on CoinSpot, and from what I've gathered, letting an exchange control your private keys is a recipe for disaster, so I want to move them off site. The issue is that I'm not entirely sure where to move them.

Should I just move them to wallets on my PC? I have money in a handful of different cryptos - do I have to download the full blockchain for each one? Is this going to take up massive amounts of storage space?

Should I just get a hardware wallet? This applies to PC wallets too, but what happens if the drive my wallets are stored in dies and data recovery is impossible? Do I just lose everything I have? If I do get a hardware wallet, are there any options in particular that are objectively superior to the rest?

If I move them into multiple wallets in different locations, am I going to get ruined by fees?

If you want to trade it is better to keep on the exchange for fast speculative operations, and if you have bought for a long term it is better to keep on cold wallets

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rodskee
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March 23, 2018, 10:49:43 PM
 #15

Simply to keep your investment find the best online wallet storage do you think have an high security system they have, basis of the onlne wallet with high security system are, have F2A, strong private keys most especially everytime open the wallet asking the email verification.

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