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Author Topic: How can I protect my self from being hack of bitcoin  (Read 4394 times)
michaelalfrey
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November 28, 2017, 07:55:29 AM
 #181

I can set the security to...
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November 28, 2017, 08:34:53 AM
 #182

you can protect yourself from hackers by using an Offline Trusted wallet, and keep all your passwords and keys safe, don't enter to the untrusted Websites or click on any link you find, Don't trust anyone and be careful.
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November 28, 2017, 03:01:22 PM
 #183

I suggest that you put Bitcoin separately in different wallets. Do not put all bitcoin in a single wallet. Protect your private key, do not let anyone have a chance to know your private key. I suggest you can use the offline wallet. Smiley
When the exchanges get hacked I think no one can secure his bitcoin under the situation but one can protect his asset by just having more than one wallet. All I know is that almost all Bitcoin wallets depend on core in one way or the other and all of them can be back doored or hacked. The holder must not enter his information anywhere and he must keep his own operating system secure.
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November 29, 2017, 02:41:42 AM
 #184

do you have a link for that youtube video ?? cause I really doubt that someone who lost 20BTC in the past will still lose 50 BTC after that , he should had learnt the lesson

obviously the best way to store your bitcoins is with offline wallets , paper wallets should do fine
but even with online wallet it's not easy to hack bitcoins , I have been using online wallets for like 3 years and still haven't had a single problem
so as long as your computer is clean and you aren't clicking shady links your wallet should be fine

but still curious to see that youtube video
You should be surprised by the amount of laziness of the people, some people never learn and the fact that something did not happen to you does not mean that it cannot happen to other people, maybe you are a lot better avoiding the scammers but there are some people that are extremely gullible and click in every link then they insert their private key in a hacked site and then they lose their money.
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November 29, 2017, 02:47:03 AM
 #185

Very easy. Secure your wallet, store your private keys in safe that you are the only one who knows. Don't give it to others. Much suggested if you use ledger wallet. Keep your system safe, away from key loggers or any other malicous softwares.

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November 29, 2017, 07:18:53 AM
 #186

Very easy. Secure your wallet, store your private keys in safe that you are the only one who knows. Don't give it to others. Much suggested if you use ledger wallet. Keep your system safe, away from key loggers or any other malicous softwares.

Exactly. It isn't actually that hard to avoid hackers since crypto is pretty safe if you'd make the necessary precautions. It's even likelier to have your online bank account hacked than your btc wallet. Private keys are very important and you'll only be hacked if you've been foolish enough or careless enough to give hackers or other people ypur personal keys


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NorrisK
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November 29, 2017, 07:22:39 AM
 #187

Get a hardware wallet. 100 USD can get you most hardware wallets around and it isn't that bad of an investment if you are holding larger amounts of coins, especially with recent price surge.

Better be safe than sorry!
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November 29, 2017, 07:30:50 AM
 #188

I think the best was is to activate a google authenticator in your accounts so that it will increase your security level and hackers can not get into your wallet easily. Also save your private keys and do not miss it. Do not let your private keys be made known to other people  even your friend because they can access your wallet and steal your bitcoin from your wallet.
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November 29, 2017, 07:48:28 AM
 #189

Don't ever click any links from forums or telegram/slack/discord like EtherDelta, MEW or other site where you put your bitcoins because that is the only way that will make it easy for hackers to steal all of it.
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November 29, 2017, 08:47:36 AM
 #190

download decentralized wallet.
never leave your bitcoins on exchanges.
no matter how well they say that they can protect it - it will always be better if you do it yourself.
you will be the greatest security of your coins as long as you know what you are doing.
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Tiktik
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November 29, 2017, 08:50:12 AM
 #191

Just yesterday I come across one youtuber where he says
he just wake up and saw his 50 btc was vanish from his exodus wallet  and also before that another 20 btc was vanish
he says he dont even know how this happen.

pls how can I escape this.
Theres a lot of hackers now a days so be careful try to use sone wallet that have a trust like coinbase or rtc because in our country the best and trusted wallet is coin.ph i prefer to used this because i know that this is secured.
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November 29, 2017, 08:53:02 AM
 #192

Just yesterday I come across one youtuber where he says
he just wake up and saw his 50 btc was vanish from his exodus wallet  and also before that another 20 btc was vanish
he says he dont even know how this happen.

pls how can I escape this.


Don't trust anyone to your account, just keep your information private to anyone because they might used your information and steal your money. If you have a wallet then keep it there because it is the safest you can do to keep your bitcoin.
knien
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November 29, 2017, 09:32:23 AM
 #193

I own a ledger nano s where I store my bitcoin holdongs,
But where do you hodl your alt coins that are not supported ?

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December 01, 2017, 03:51:54 AM
 #194

On my opinion, one of the best ways to ensure you will not get hacked is by keeping every information a secret and create special method for securing and safeguarding your wallet.
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December 01, 2017, 04:49:53 AM
 #195

Just yesterday I come across one youtuber where he says
he just wake up and saw his 50 btc was vanish from his exodus wallet  and also before that another 20 btc was vanish
he says he dont even know how this happen.

pls how can I escape this.

I think you should be more careful and you should keep your bitcoin account a secret even more confidential. other than that make a password very difficult so hackers are not easy to steal your bitcoin. do not put your bitcoin account on any computer, use your account on your personal computer.

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December 04, 2017, 12:56:01 AM
 #196

dont trust anybody. keep your password secure. change it regularly. and if you suspect there somebody might know your password, change it!

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December 04, 2017, 01:07:19 AM
 #197

I own a ledger nano s where I store my bitcoin holdongs,
But where do you hodl your alt coins that are not supported ?

That definitely is the best method to be protect your bitcoins and your ethereum. Even if your computer gets hacked your money is still safe, and compared to the potential loss that one can suffer when being hacked, the investment in a hardware wallet is really worth it.
For altcoins that are not supported on the ledger you can use a paper wallet if you want to use coldstorage and going long term on them. Most alts offer their own method/ service to create paper wallets. Those wallets can only receive and not send funds, so you would have to import the seed from the paper wallet to the wallet client (eg desktop wallet) of the particular altcoin and restore your wallet there to be able to send the funds out of this wallet again.
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December 04, 2017, 05:22:31 AM
 #198

the best thing you can do is have your own computer with a wallet and a good password that only you will know...what else can you do?
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December 04, 2017, 05:56:22 AM
 #199

it may be because of the security that he gave less, he should use the security features that have been provided by each wallet platform. For example on blockchain you can use 2FA security features, login email, and verification of mobile phone number, it is a useful feature to narrow the space for hackers. So I think use the existing security features.

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December 06, 2017, 06:38:36 AM
 #200

I have electrum and use that to store my bitcoin.  I like electrum because i used it for a while already and its simple.  I heard you should get a hardware wallet because that is the most secure thing you can get for storing your bitcoin etc but have questions.  Also to those of you here who use electrum to store bitcoin, do all of you not have a hardware wallet and thats the reason why you are using electrum?  I would also like to hear from people that first used electrum and then bought a nano ledger or a trezor and if they no longer use electrum anymore.



1.  Which is better?  The nano ledger s or the trezor?  Which is more easier to use?  I believe the trezor is a bit more expensive.  But in terms of someone using electrum, which one would be easier?  Or it should be either because electrum would be harder than both right?


2.  How do you transfer bitcoin from electrum to the nano ledger or trezor?  And if you do it, you should test it out with a very tiny amount first right just to make sure it goes through?  Then you send the rest?  Also if you put low sending fee, it takes longer for the btc to hit the nano ledgers s or trezor right?


3.  So the security thing is something im very curious about here.  With electrum, you are given a 12 word seed to restore your wallet in case.  But with nano ledger s, its 24 words? What about trezor?  Now here is one big issue here.  I watched videos on youtube about the ledger nano s and its mentioned that you are given a sheet where you are suppose to write down the 24 word seed on a sheet of paper.  First off, does everyone here write it down on that piece of paper?  And most importantly... where do you guys keep that piece of paper?  Because if someone were to get access to it, that means they can get all your bitcoin right?  Because if you leave it somewhere in your apartment, where would you even leave it?  So if someone got in your apartment and got that piece of paper, then your bitcoin are taken right?  So basically that sheet of paper is more important than the device itself right? 


So if someone was to have access to your trezor, ledger s and say your laptop, could they take your bitcoin or not?  I believe for nano ledger, you need to set a pin right?  So unless they have that pin, it won't work?
The issue with using electrum and keeping bitcoin there would be if someone stole your laptop or got access to your laptop and notice you have bitcoin wallet on your computer, couldn't they just install a trojan or malware and then take your bitcoin?  For example, i know there are bitcoin cash and gold wallets that are not real.  But the reason those ppl got their coins stolen was because they input their seed right?  However, i read cases where malware is enough?  So basically the trezor/nano ledger protects you against online hackers right?  So if your laptop got malware/virus... that would mean even if you have nano ledger or trezor, they cant get your bitcoin or they can?


4.  When you send from nano or trezor, do you set the fees?  Or is it the default fees?  So would it cost more sending btc from ledger to a site compared to electrum?  Electrum you could set the fees.


5.  I read cases where people had issues with their nano ledger or trezor such as it freezing or not working.  I read stories of people mentioning their bitcoin got stuck etc on their ledger or trezor.  Is this common or rare?  The thing is i want to get one but im sort of worried that something might go wrong with the device.  If something goes wrong with the device and/or malfunctions... what happens to your bitcoin then?   Would you need to get a new one?  If you dont get a new one, how do you restore your bitcoins then?  Also does nano ledger/trezor need to be used with a certain program?  Because if you send all your btc from electrum to ledger s or nano, then you basically need to connect it to your computer to do this and thats all right?


6.  What happens when there is a bitcoin fork then?
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