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Author Topic: Should I Be Scared Of Hackers If I Have Lot of BTC.  (Read 3524 times)
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November 22, 2017, 06:47:30 AM
 #1

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

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November 22, 2017, 06:53:20 AM
Merited by RodeoX (1), OgNasty (1)
 #2

The only way for you to lost your BTC is by phishing scams or the hackers stole your private key.

What kind of wallet do you use?
Web-based wallets are tend to be insecure due to how the private keys are stored on the cloud.

I'd suggest to get desktop wallet as you have more controls of your private key, just make sure your PC are clean from malware and junks.

If you're really serious about security you can get hardware based wallet like Trezor or paper wallet, that should be enough.
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November 22, 2017, 06:55:09 AM
 #3

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

There's not much you can do if your wallet gets hacked. The only thing you can do right now is just make sure that never happens. If you're storing a lot of bitcoin, you should try to use a hardware wallet to store a majority of it. There probably isn't a need to keep a majority of it on an online address or something with a lot of security flaws. Of course, hackers will come at any option that's given to them. Just try to make it impossible for them to get to the goods.

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November 22, 2017, 06:57:27 AM
 #4

there is nothing you can do if your account has been hacked.
it's better to secure your account with double protection like using 2FA features if available and saving your seed key on a piece of paper or something and avoid storing seed key on your computer/smartphone that's very risky.

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November 22, 2017, 06:58:12 AM
 #5

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

The only thing you can do if you are in that situation is cry. Cry and hope you have other money saved in the bank to live on.
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November 22, 2017, 06:58:56 AM
 #6

It's recommended that you use cold wallet to store bitcoin. It would be safer. It's the safest way to go now.
In addition, it is recommended that you go to more than one wallet storage. This reduces the risk as much as possible.

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November 22, 2017, 06:59:53 AM
 #7

you should be very afraid.
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November 22, 2017, 07:01:39 AM
 #8

Make sure noone has access to your private key, devide your holdings to different wallets (with different private keys) just for the case that one wallet get hacked one day. And store them in a secure place (e.g. paper wallet in a bank safe). Do not leave your holdings on a exchange.
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November 22, 2017, 07:03:40 AM
 #9

You have to securely hold those bitcoin in either hardware wallet or in paper wallet printed with offline computer (this can be done through bitaddress, search for guide).

If you will store those bitcoin in web wallets like coinbase or xapo than your wallet might get blocked by them without any reason.

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November 22, 2017, 07:05:30 AM
 #10

See you need to act smart if you are having lot of bitcoins,first do not store all of them at one place especially in online wallets,they are prone to hacked,use good paper wallet and save big amount of bitcoin there.secondly don't tell anyone about private keys of your wallet,don't save it online too,keep these things in mind and you are good to go.

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November 22, 2017, 07:07:33 AM
 #11

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

If you are having lot of bitcoins it is better to use hardware wallets then no one can hake your bitcoins,only online wallets are less secured other wallets are more safer only the persons who have the private key will be able to access,so buy a hardware wallet and transfer all your bitcoins there then you are totally secured bro.

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November 22, 2017, 07:07:56 AM
 #12

Even if you have a lot or not, even if its BTC or not, we should be careful on internet sites that we click because that is the first thing that a hacker or scammer do. Do not post also your private accounts on social media. Do not enter your account details or emails on unverified sites. Theres no need to be scared on holding BTC, we just need to be alert and wise. In case of suspicious events, report it immediately to the concerned authority.
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November 22, 2017, 07:08:33 AM
 #13

See you need to act smart if you are having lot of bitcoins,first do not store all of them at one place especially in online wallets,they are prone to hacked,use good paper wallet and save big amount of bitcoin there.secondly don't tell anyone about private keys of your wallet,don't save it online too,keep these things in mind and you are good to go.

Which means if you have an accident and hit your head you forget your password - and then because you had an accident you lose all your money - and then you don't have money to pay for the hospital. Clearly this just makes Bitcoin even more dangerous when you think about it
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November 22, 2017, 07:09:04 AM
 #14

Yes you have too. Its better to transfer coins to offline wallet or create paper wallet. Because keeping in any of the exchange is not safe.

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November 22, 2017, 07:11:33 AM
 #15

See you need to act smart if you are having lot of bitcoins,first do not store all of them at one place especially in online wallets,they are prone to hacked,use good paper wallet and save big amount of bitcoin there.secondly don't tell anyone about private keys of your wallet,don't save it online too,keep these things in mind and you are good to go.
Just get a hardware wallet weather it is a trezor or even ledger go and purchase anyone. Handling too many wallets is sometimes really hard and anyone mistake can be too costly for us. Storing in trezor ensures you don't can trust everything with just a single wallet.

Make sure noone has access to your private key, devide your holdings to different wallets (with different private keys) just for the case that one wallet get hacked one day. And store them in a secure place (e.g. paper wallet in a bank safe). Do not leave your holdings on a exchange.
Storing on exchanges is surely the biggest threat with the recent hack on bitfinex again we should really be cautious while using exchanges. What i would suggest you if you wanna trade use any exchanger like changelly it does require you to instal additional wallets and might he time consuming but it is way safer.
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November 22, 2017, 07:13:31 AM
 #16

Put wallet.dat on a USB drive and then bury it in your back yard or put it in a safe deposit box or something.

Don't be a stupid CRYPTSY  Roll Eyes

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November 22, 2017, 07:14:17 AM
 #17

Do not be scared, be prepared. The most targeted individuals are those people with lots of BTC and those who are using Windows. I moved 80% of my coins to paper wallets <offline cold storage> to keep them safe. I also split them in small quantities onto these paper wallets. < if I need to sweep BTC back to my online wallets, I do not risk losing all my coins in one hack. I sweep and move small amounts at a time to my Trezor <hardware wallet>

Keep the majority of your coins in cold storage and you will be fine. ^smile^

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November 22, 2017, 07:14:25 AM
 #18

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

Regardless with the amount of Bitcoin you have, you should be careful of hackers. It is a good idea to HODL your Bitcoin for future but you need a tighter security especially that you have lots of Bitcoin. I suggest that you store it on a hard wallet. It is the most secure type of wallet so far and avoid clicking suspicious links.


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tomforgery
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November 22, 2017, 07:20:44 AM
 #19

stop using online wallet , strong password and will be save
mahibul49
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November 22, 2017, 07:23:01 AM
 #20

do not share your private wallet email to public.and make strong password.or offline wallet is best for store your btc.
its my opinion

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