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Author Topic: how is cryptocurrency safe?  (Read 370 times)
Pavlo_Zolotoi
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April 02, 2018, 04:54:53 PM
 #41

Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
Cryptocurrency is safe, and what makes it so is the ability for addresses to change after very transaction, and also you are able to store you balance offline on a hardware wallet to avoid the online ones, online wallets have a 2FA which sends you a verification SMS containing a password each time you or somone logs in from a different IP to your wallet, and if you are keeping your crypto offline than the only way a person could hack you is by sending a virus or a keyloger to your computer.


It turns out, if a virus got to the computer and hackers hacked with it my account and brought tokens, then I can not do anything?
How then to secure yourself?
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GarrySingh
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April 03, 2018, 12:04:54 PM
 #42

Now there are various ways which are adopted by several cryptocurrencies to track the transactions conducted by users. Also, the users are asked to provide KYC details while getting themselves registered. BitNautic is one such ICO that I'm aware of which has a genuine policy of getting their users listed and provides proper security. For further details, you could visit the BitNautic website.

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Dyah Nevi
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April 03, 2018, 11:26:01 PM
 #43

Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?

Exchange broken has nothing to do with cryptocurrency safety. It is the same as asking how gold is safe after a bang has been robbed. It is better to keep your cryptocurrency in the hard wallet or on a distributed exchange, probably.
To keep cryptocurrency is to save it to online exchange, In online cryptocurrency wallet, cryptocurrency purse software (for example in your PC), With a hardware purse this storage method is the one I think is safest to use because the hacker will not be able to hit physical buttons in hardware you to provide transaction approval, if the hardware is lost then it can be imported.
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April 04, 2018, 02:45:32 AM
 #44

All managers and investors are eager for their cryptocurrency to be safe. Want to be so according to me the most important thing is to control the trading floor in a rational way, each asset one. Stock market is under control; They have strict rules between stocks. Avoid the case of investment fraudulent property. Speculation with counterfeit property will waste the money of investors, while the money can provide funding for valuable engineering projects.
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April 04, 2018, 04:23:51 AM
 #45

Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
Cryptocurrency is safe, and what makes it so is the ability for addresses to change after very transaction, and also you are able to store you balance offline on a hardware wallet to avoid the online ones, online wallets have a 2FA which sends you a verification SMS containing a password each time you or somone logs in from a different IP to your wallet, and if you are keeping your crypto offline than the only way a person could hack you is by sending a virus or a keyloger to your computer.


It turns out, if a virus got to the computer and hackers hacked with it my account and brought tokens, then I can not do anything?
How then to secure yourself?

Never leave any significant amount of crypto currency on an exchange. Especially if they aren't ensured. If they get hacked or steal your coins and claim they are hacked you lose. As soon as you make the trade get your coins off the exchange . Keep your coins in a hardware wallet like Trezor for example.   
twosevenonesix
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April 05, 2018, 02:27:27 PM
 #46

The "cryptocurrency" carries some well-known risks—the price could drop precipitously, and scams have been reported. But there's also another, more technological danger: One crashed hard drive or online hacking incident can wipe out an owner's stash of Bitcoin, leaving them with essentially no recourse.

That's because of some basic differences between Bitcoin and a conventional currency such as dollars or Euros. Bitcoin and other cryptocurrencies, such as Litecoin and Ethereum, are wholly digital forms of cash stored in so-called wallets. Like other files, Bitcoin wallets can be stored locally, say on a hard drive stuffed under a mattress, or in the cloud.

And like dollars, Bitcoin can be lost or stolen.
Anti-Cen
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April 05, 2018, 05:33:10 PM
 #47

Keep your coins in a hardware wallet like Trezor for example.   

The price of these devices were going up nearly as fast as transaction fees back in December so I hope they get stuck with them
and are forced to sell them of for under $20 each because that's about all they are worth really and then I might pick one up.

For now I use pen en paper and cheap pen sticks to run Jaxx and Exodus wallets, cheap pen stick is a must have.

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
pankajbhaban
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April 06, 2018, 02:06:00 AM
 #48

Crypto currencies are far more safer unless you mess up with login details or share it with some one or get with phishing website
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April 06, 2018, 07:03:17 AM
 #49

Cryptocurrencies are not safe until your wallet and wallet credential are not safe. So keep in mind don't share your private key of secured wallet with any one. don't put your currency into un-secure wallet.
Hifemih
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April 06, 2018, 02:15:58 PM
 #50

Crptocurrency’s are safe, if u don't share yr private key with anyone
trademade
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April 06, 2018, 03:45:31 PM
 #51

For sure safer than banks  Grin

It's still a chaotic process when it goes to making defenses tight.

But then...

Still safer than banks Grin
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