Hacking is the Big Problem

[kanna]

Blockchain can help preserve ur coin without hack. U need a good coin platform !

[canaveralnonie]

Blockchain can help preserve ur coin without hack. U need a good coin platform !

That is  not a 100 percent sure, cause hacker is has advance apps just to hack your verification email or even you own computer as well. They don't need to know you, just wrong click from you and it's the end of parade.

[Ajiloveyuyun]

no matter how strongly any security code based on digital is easily exposed to viruses or hacking. so you better always save your money and if you do not trade

[sujeewacrypto]

Best case scenario is store your all coins in hardware wallet or offline wallet. Exchanges should use only for trading.   

[goaldigger]

I got a little bit scared. You know, hackers are some kind of virus that once you get entered into, it is difficult to get cured unless you have this antivirus with you. Even government sites get hacked, what do we expect. This is the only non economical threat on the digital currency and it is possible that we can be hacked too. This is why i try to withdraw a portion of my money and convert it into fiat for safekeeping. Whatever happens to my account, i got reserves. Though most of my capital are being saved, its a lot regretful if its hacked. Better be alert and smart everyone. Keep your accounts secured and triple private it.

[batang_bitcoin]

So how can we ensure that our money is safe on exchanges?

Don't store your life savings on exchanges, it isn't safe if all of it is placed there.

Blockchain can help preserve ur coin without hack. U need a good coin platform !

It's a web wallet so still we are not sure of on how hackers can penetrate backdoor.

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack.

After the hacking incident, a good news went out Coincheck promises 46bn yen refund after cryptocurrency theft.

[Findingnemo]

Blockchain can help preserve ur coin without hack. U need a good coin platform !

Yes your are right but no one can give 100 % assurance to any wallets but prevention is very important for all bitcoin holders so choose the correct wallet make more security on your wallet it will reduce the hacking opportunity on your bitcoin Wallet .

[eagleman]

Even an exchange is registered to their local government, it has been trusted by too many traders, you don't know when hacking will come to them.

no matter how strongly any security code based on digital is easily exposed to viruses or hacking. so you better always save your money and if you do not trade

Keeping it with trezor or nano will be the best choice.

[katiecbell]

Best case scenario is store your all coins in hardware wallet or offline wallet. Exchanges should use only for trading.   

Yes, storing all the coins in the cold storage is a very great idea to safeguard the coin and stay away from unwanted attacks of the hackers.

As the value of the cryptocurrencies market is increasing every day the risk of getting hacked is increasing day by day and more and more hacker are getting attracted to the crypto market. I think the security should be increased and the users should also take care of their funds in every way they can.

[AjithBtc]

As users suggested to be on the safer side it is good to use exchanges only for the trading purpose. During other time it needs to be withdrawn to the wallets, this will ensure high security on our holdings than leaving our tradable assets for a longer time period into exchanges.

[Granxis]

Best case scenario is store your all coins in hardware wallet or offline wallet. Exchanges should use only for trading.   

Not everyone has the opportunity to use offline wallets, especially those who are in sight tend to use online wallets. Also, the hardware wallets do not have a hacking privilege. So a virus entering the hardware, and may control the wallet.

[yvesp110]

no matter how strongly any security code based on digital is easily exposed to viruses or hacking. so you better always save your money and if you do not trade

We can never under estimate the power of hackers and there is nothing to deny this fact that some of the hackers are having this much of skillset that they can really do anything which they want to do. their hacking skills can for sure put the investors of crypto coins in a great trouble as if they managed to get access over their wallets, then they will be able to get all their crypto coins without any difficulty. So we need to be well aware of the activities which are going around us.

[Calligiato]

Yeah but FUD/FOMO is worse than hacking 

[subject27]

Better keep your coins in cold storages. No need to keep at exchanges or online wallets unless you want to trade. Its too risky

[Anwar22]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Really it's bad News that many hackers steal bitcoin, ETH. I think think it's the only one problem in online currency market place

[blue_nexus15]

Every day I find information about hackers stealing assets of investors. When the cryptocurrency market is bigger, this is the target of hackers and scammers. Because most coin is anonymous, when assets are attacked and stolen, it is difficult for them to get it back because there is no authority to deal with it. To protect your assets I think you should secure your account very well by 2FA, can use the hardware to store coin, keep private key very carefully.

[richminded]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Its hard to say that all the exchanges is really safe because we cannot control people from that entity there might be an inside job or what but we must be very careful. Hackers are always be there specially in this market so in order for us be safe try to get some of your profit in a safest way which is the fiat money, secure some profit. Always careful on clicking things, don't give any information that you think should remain classified specially to strangers. 

[lenovo16]

You don't. Hacks target the exchanges wallet by finding exploits and not the user accounts separately. If you want your funds to be safe, use exchanges for trading only and withdraw to your personal wallet.

I love it when people say this. How the heck do you 'trade' if you keep your coins in the wallets... You don't.

IF you're holding, then yes, keep it in your wallet. If you trade it makes no sense.

What I meant is do the trade and withdraw instantly. Exchanges were created for trading and not for holding your funds. Unless you are day trading, I see no reason on why you should keep your money on an exchange for a anything more then a few minutes. Trading with individuals on forums etc. is another option to avoid using centralized exchange.

Well I get his point. It is true that it is much better that if you are not going to trade your coin, then its better to encash it and save to your official bank account. To secure your money from the unauthorized personnor hacker. You can just hold your coin in the wallet only if you do trading because it is the usually needed.

[Sadlife]

The is answer is no. You can't really ensure that your money is safe in exchanges cause hackers find vulnerabilities in the system and exploit it even if you have strong password, two factor authentication there's no point once the system is comprised. So the only solution is to trade to some reputable exchanges and quickly do trades and withdraw funds to your wallet.

[Yakult]

This is a really big issue when it comes to online currencies. Every process is a risks and online hacking is not easily tracked even by the government. You must be careful on what you're going to do online especially when filing information online and even downloading stuffs. Anyone you can be possibly monitored and can be used for hackings.