How to Keep Your Crypto Safe

[darylalban]

After CipherTrace's quarterly report showcased $227 million stolen from exchange incidents so far this raises conversation around what people can do to protect themselves from sim swapping, malware, and typosquatting (which is new to me.)

What are other forms of protection users to become aware to?

https://cryptobriefing.com/how-keep-crypto-somewhat-safe/

[AjithBtc]

After CipherTrace's quarterly report showcased $227 million stolen from exchange incidents so far this raises conversation around what people can do to protect themselves from sim swapping, malware, and typosquatting (which is new to me.)

What are other forms of protection users to become aware to?

https://cryptobriefing.com/how-keep-crypto-somewhat-safe/

Good, the article gives a detailed note on the way cryptocurrencies get hacked and the way it can be kept secure. Here it briefs about the cryptocurrency stolen through different pathways, such as typo squatting, malware spread, Sim swapping losing of the private keys.

The fact is mentioned at the last, till date users who have exposed themselves as cryptocurrency users have got turned to be the targets. If none knows none tries to steal the funds. We need to spend, but should not hype stating I'm a cryptocurrency user.

[Theb]

Good, the article gives a detailed note on the way cryptocurrencies get hacked and the way it can be kept secure. Here it briefs about the cryptocurrency stolen through different pathways, such as typo squatting, malware spread, Sim swapping losing of the private keys.

The fact is mentioned at the last, till date users who have exposed themselves as cryptocurrency users have got turned to be the targets. If none knows none tries to steal the funds. We need to spend, but should not hype stating I'm a cryptocurrency user.

It's not as detailed as you think. The section where they talk about malware isn't complete, they just gave a definition and a few examples but they left out the most important bit which is how do you get them in the first place. Malware isn't a joke and you can get it from literally anywhere from clicking a link in your email to downloading a torrent file you can have a malware included in what you have downloaded online. Aside from that the article didn't mention anything about phishing sites and USBs. Phishing sites are also prevalently used by a lot of wrongdoers in the industry and you can have it from a site impersonating website to a fake downloadable wallet asking your private keys. And of course the USBs where you could easily have malware and viruses just by plugging it in to your pc without scanning it first.

[hugeblack]

Cryptocurrencies are primarily designed to be decentralized so that they are kept in wallets rather than platforms.
Adopting central platforms means you trust them.
The best way to save your cryptos is through an open-source wallet with an offline PC or buy Hardware wallets.

[harizen]

What are other forms of protection users to become aware to?

https://cryptobriefing.com/how-keep-crypto-somewhat-safe/

The information and content listed in the article you have shared is enough to trigger our "common sense". That article listed some of the good pointers so read it carefully.

Literally, no need for such specific forms we should learn to determine if the certain thing is sh*t or not. There are times that a user encountered new forms/way of stealing coins so in here, people just have to be vigilant and use their common sense for them not to fall on the trap.

[Polar91]

Cryptocurrencies are primarily designed to be decentralized so that they are kept in wallets rather than platforms.
Adopting central platforms means you trust them.
The best way to save your cryptos is through an open-source wallet with an offline PC or buy Hardware wallets.

Indeed. If the cryptocurrency coins you are holding is huge and you can't afford to lose, it's very difficult to trust anyone to hold and store it for you. The best way is still keeping by yourself, then writing its private key and back up phrase with a paper thus the only way to steal it is to know your identity and steal it in your house which is less likely to happen as it's not what a hacker does or either what robbers' thing.

[tbct_mt2]

People say:
"Not your keys, not your bitcoin"
"Not your keys, not your crypto"

Hence, please read these threads, the will help to keep your crypto (includes bitcoin), safe.
Newbies - Read before using exchanges or investing
Electrum wallet - Update safely and avoid phishing wallets?
For more guides on bitcoin wallet, please find and read there:
[GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?)

Use Electrum, and Bitcoin Core as software wallets, and Ledger/Trezor as hardware wallets if you want security and easy accessibility

[2double0]

Owning your private keys actually means that you own your crypto and it costs not more than a few more $$ to buy a safe device where you can store your coins and be rest assured that you are safe completely. Paper wallets are a great choice if you can properly save them at the right place and can get your hands on them whenever in future you want to. Ledger is still my first choice over anything because I personally have one and I had no issues while keeping my crypto 'safe and secure' on it.

[akram143]

Things people need to follow if they want their cryptos to be safer:

Store them in a wallet (wallet which has private keys)

Use exchanges to exchange cryptos and move them to your wallet ASAP.

Ignore fake schemes of making unrealistic profits.

Keep your system from keyloggers.

[Annexia]

Things people need to follow if they want their cryptos to be safer:

Store them in a wallet (wallet which has private keys)

Use exchanges to exchange cryptos and move them to your wallet ASAP.

Ignore fake schemes of making unrealistic profits.

Keep your system from keyloggers.

Thanks for this. What of situation where an asset which doesn't have personal wallet is stored in an exchange say Binance. How do we ensure the safety of our assets on this exchange?

[2double0]

Thanks for this. What of situation where an asset which doesn't have personal wallet is stored in an exchange say Binance. How do we ensure the safety of our assets on this exchange?

Safety of our assets on an exchange is on the mercy of Jesus because when you don't have your private key in your hands, you don't own them yourself but owe them to that exchange. The safety of those assets depend on the exchange's security itself and if a hacker decides to DOX a specific altcoin and steal it from the system, it will surely affect you and others because the exchange will not be able to bear with huge losses that go out of their limits. So it's better to save our coins in our personal wallets if you are going to hold them for long time.

[Velkro]

After CipherTrace's quarterly report showcased $227 million stolen from exchange incidents so far this raises conversation around what people can do to protect themselves from sim swapping, malware, and typosquatting (which is new to me.)

What are other forms of protection users to become aware to?

Other forms of protection? There are so many that its hard to only mention them and what about learning about them?
Firewall, Anty-virus, knowledge, keeping BTC offline, common sense etc.
Its huge topic that require reading a lot. Even this will not guarantee 100% security.

[whtchocla7e]

As far as I know, blockchain platform is secure security. It cannot be hacked. Perhaps in the case of proactive hacking, victims have installed malicious software and have their computers controlled. Or the keys were not secure.

Forms of protection such as anti-virus software, or possibly leger cold wallets. Besides, use the form of safe exchange, check keylog regularly, stay away from high-risk profit programs.