bitcoin thieves ?

[Robbert_b]

Hey, i'm newbie in this industry and I've came across this article - https://fxpmarkets.blog/2017/08/29/crypto-thieves/
Is it true ?
if so - what is the best way to protect our coins?

[swogerino]

That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.

[efeaydin]

Hey, i'm newbie in this industry and I've came across this article - https://fxpmarkets.blog/2017/08/29/crypto-thieves/
Is it true ?
if so - what is the best way to protect our coins?

I think the best way to protect your bitcoins is storing them in a hardware wallet.

If you don't have a hardware wallet, you can store your bitcoins in another type of cold wallet.

[Slow death]

what is the best way to protect our coins?

" 
So, how could YOU avoid Bitcoin hacks?

There are various reasons hackers find bitcoin wallets appealing targets. Unlike credit card payments, Bitcoin transactions are irreversible. The anonymous nature of Bitcoin also often makes proving theft difficult.

Tip #1 – Always backup your Bitcoin wallet while being offline.

Tip #2 – Don’t store Bitcoins on computers which are connected to the internet.

Tip #3 – Hackers regularly use keyloggers and ransomware tools such as CryptoLocker to target Bitcoin users. Update your anti-malware software regularly and monitor your applications for suspicious files.

Tip #4 – If you wish to gain from crypto-currency trading and not for spending use – we advise to trade on CFDs (contracts for difference) which allows you to trade the on crypto-currency prices without actually buy or store the cryptocurrency on your computer, which mean there is no chance for hacking or theft.

"

You can find everything you need on these links


https://bitcointalk.org/index.php?topic=1914800.0

https://bitcointalk.org/index.php?topic=1628282.0

https://bitcointalk.org/index.php?topic=1741772.0

[Robbert_b]

So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ? 

[maokoto]

Hardware wallets seem like the most convenient and safe option, but you can yet use paper wallets. Perhaps several of them in small chunks that you can use separately when you have to withdraw...

[stomachgrowls]

So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ? 

Having a back-up do only give the access in your wallet when you do need. Like private keys or wallet.dat file. You can import it anytime if you do have these things on a certain wallet and you can access it once again this is why we should not easily give these keys or letting show on public. On the link above its just a basic stealing or hacking of your coins on an exchange wallet. This is why when we are using web wallets we should always set 2fa and dont store huge amounts on those kind of wallets.

[haroldtee]

If you want to save for long term, make use of either hardware wallet, paper wallet or at least desktop wallets. They are safer rather than leaving your cash on exchange wallets. Also, if you are going to be using a desktop wallet, you will need to always keep your desktop safe or you can just save your seed or private key somewhere very safe, copy out your public address and uninstall the software if you know your system may be prone to malwares. With the public address, you can always push in funds from anywhere and access it with you seed anytime you need to withdraw. However, you need to be extracareful with both your seed or private key cause if it falls into the wrong hands, your funds are gone for life.

So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ?  

Keeping your coins backed up does not necessarily mean you cannot get hacked. Backing up is a way to have access back into your wallet just in case you misplace or forgot your access details. If you do not maintain proper security of your assets, even with your back up, you can still get hacked.
Even your back up alone (your seeds) if thrown anywhere or someone ends up having an access to it is enough for that person to have access to all your funds. So extra security is always needed when keeping your assets.

[SvenBomvolen]

That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.

That's right. we all need to know that while we are holding our founds on an exchanger it is actually exchanger's founds, but not ours. So, in the case that if the exchanger decides to close it's activity or if the exchanger hacked we loose everything what we counted as our money and we can't do anything about that. Online wallets can be called the same type as exchangers and logically they are not safe. But Hardware and paper wallets can give you that protection that is really needed in the world when you are surrounded by scammers.

[teilwalL05]

So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ? 

Having a back-up do only give the access in your wallet when you do need. Like private keys or wallet.dat file. You can import it anytime if you do have these things on a certain wallet and you can access it once again this is why we should not easily give these keys or letting show on public. On the link above its just a basic stealing or hacking of your coins on an exchange wallet. This is why when we are using web wallets we should always set 2fa and dont store huge amounts on those kind of wallets.

That is pretty sure the right thing to do when you are using a web wallet because it is link in the internet and hackers can surely manipulate it, bitcoin is surely secure but with the skills and level of knowledge this kind of people have they can surely manipulate anything in the world wide web and the only secure option you can do is with the private wallet with your own private key.

[Ayiranorea]

Thieves are roaming all around, with bitcoin the scammers, hackers and the trappers were the thieves in my opinion. Hackers try to hack the users account and steal out of it. Scammers just try to trap the newbies into some fraudulent investment schemes and will get their hard earnings.

[wearepoor]

That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.

That's right. we all need to know that while we are holding our founds on an exchanger it is actually exchanger's founds, but not ours. So, in the case that if the exchanger decides to close it's activity or if the exchanger hacked we loose everything what we counted as our money and we can't do anything about that. Online wallets can be called the same type as exchangers and logically they are not safe. But Hardware and paper wallets can give you that protection that is really needed in the world when you are surrounded by scammers.

Agreed with you, there are few examples wherein people have lost their bitcoins after the exchange filed bankruptcy (Mt.Gox) . Hackers are also able to steal the coins from the online wallets. So as per me only hardware wallets are safe at the moment in order to protect the coins from the thief.

[Netnox]

Just follow the simple steps and you will be safe. Make adequate backups for your coins. Use 2FA to protect them against stealing. And always use a gmail account for the 2FA. Because it is difficult for the thieves to hack gmail accounts. And one more thing. Never store your coins in an exchange wallet.

[Rinaze]

There's plenty of exchanges these days and you never know which one is out to make a quick buck. Those thieves might just be "you know I know!". Like most suggested, hardware wallet is supposedly the safest way. Nano S Ledger and CryptoSteel seems pretty cool to me.

[leonair]

Not everything you see in the internet is true but not all times, the number one move for me to check it if it is true is to find it by yourself and never trust others opinion. But in this case it is just blog that full of hearsay and there is no concrete evidence that it is do-able by any chances. Bitcoin is secure if you do the safety measures to secure it then if not you will be scam in the long run.

[aardvark15]

That article is talking about failed exchanges and exchanges where are undergoing problems. In this situation is easy to protect your bitcoin, just keep them in your wallet and don't keep them on an exchange. Choosing a desktop wallet is better than choosing a web wallet and choosing a hardware wallet is the best you can do to protect your coins.

Very true. I was a victim in the Cryptsy collapse almost two years ago. They defrauded most of their customers of their Bitcoins and altcoins and nothing has been recovered. Similar issues happened with MtGox and others as well.

The moral of the story is keep most of your Bitcoins and altcoins off of exchanges and preferably in offline wallets. Only put coins on an exchange for trading but keep the bulk of the coins in a safe location. Also watch the message boards for any red flags about exchanges.

[Robbert_b]

Thank you guys, so from your comments i guess its much safer than i thought.

[stomachgrowls]

So your'e saying that if i keep my coins back'd up in a wallet i cant get hack'd ? 

Having a back-up do only give the access in your wallet when you do need. Like private keys or wallet.dat file. You can import it anytime if you do have these things on a certain wallet and you can access it once again this is why we should not easily give these keys or letting show on public. On the link above its just a basic stealing or hacking of your coins on an exchange wallet. This is why when we are using web wallets we should always set 2fa and dont store huge amounts on those kind of wallets.

That is pretty sure the right thing to do when you are using a web wallet because it is link in the internet and hackers can surely manipulate it, bitcoin is surely secure but with the skills and level of knowledge this kind of people have they can surely manipulate anything in the world wide web and the only secure option you can do is with the private wallet with your own private key.

Private keys should really be kept on a private place on where no one anyone knows about that.If using web wallet then always put up 2fa identification because having this hackers wont really easily bruteforce it no matter what. Skill of them might be good but they have their own limit regarding on their capabilities and we should really think off that always.There are lots of safety measures for us to avoid such loss of our precious bitcoin.

[iloveass2]

Going for hardware wallet or paper wallet, or even desktop wallet. Go for high security for your wallet and remember not to show your wallet to anybody or even on the internet like Facebook, etc. And the most important thing that i've learnt, is do not trust anybody on the internet these days.

[datodota002]

Hey, i'm newbie in this industry and I've came across this article - https://fxpmarkets.blog/2017/08/29/crypto-thieves/
Is it true ?
if so - what is the best way to protect our coins?

My opinion is the best way to protect your coins from hacker is to stored them to cold wallet and split it into several cold wallet to prevent if something bad happen to your cold wallet.