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Author Topic: Connecting exchange account to Coinigy via API  (Read 86 times)
simadr
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November 04, 2017, 04:35:06 PM
 #1

Hi all,

I recently bought a subscription for coinigy and i would like to know if it safe to relate my exchange accounts through Coinigy via API? Or is safer to stay and trade on my exchange accounts ?

Thanks, obviously i put my btc in cold storage right after. But would like just to know if there possibility of hacks ?
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CryptosapienZA
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November 04, 2017, 04:41:49 PM
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I would advise against it. I have seen many people being hacked because of that. Even if you can search the forum, you will find a lot if complaints from people who did that. If you do decide to do it, know that you are putting yourself at risk. I don't know about the cold storage part. How do you put Bitcoins in cold storage and still connect with the exchange account? If that possible, maybe you could be safe.

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November 04, 2017, 05:08:06 PM
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I would advise against it. I have seen many people being hacked because of that. Even if you can search the forum, you will find a lot if complaints from people who did that. If you do decide to do it, know that you are putting yourself at risk. I don't know about the cold storage part. How do you put Bitcoins in cold storage and still connect with the exchange account? If that possible, maybe you could be safe.

I strongly agree!

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November 05, 2017, 05:29:10 PM
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Coinigy has a strict encryption system, once your key(s) are in the system they are totally secure. Never has anyone had a key stolen from Coinigy and if for some reason they ever somehow did get stolen they/it would not be usable as they would not be able to decrypt it and on top of that even if they figured out our encryption scheme and had a quantum computer to crack the core algo they would still be useless thanks to IP restrictions.

Following the best practices and recommendations Coinigy has clearly posted such as IP white listing and setting only the minimum permissions required for an api key will ensure that even if your key does get stolen by some intermediary means the unencrypted key will still be useless. It is also advisable to keep your funds offline in cold storage, when you are not actively trading with those funds. This is just good practice however/wherever you choose to trade.

More information can be found at: https://www.coinigy.com/security/
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November 05, 2017, 05:40:36 PM
 #5

Just for fun here is one of my keys if you can decrypt it you get 1 BTC

Uuas/p6SKDOBPlzkpsnArUx2KRNiUcE50y2lAqeDoRkpNHYAu9kHKaX5nyHS4LJRVUK5bh7w1bVGKgCTn4xTesfExTa3kFXH7wxpLfhdhqlpmPCc9W5SFEukiYwfHhpI

have fun and PM me if you think you have it :-) good luck



P.S. This is just for fun and is not related, sanctioned, sponsored, or directed by Coinigy in any way. This is from me just for fun.
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