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Author Topic: How to protect your altcoin  (Read 5592 times)
massguru
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April 22, 2018, 11:36:14 PM
 #241

If you’re a holder and decided to wait for a long term, getting a hardware wallet is the best option probably. I think it’s the most efficient way to protect your eth based altcoins..

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April 22, 2018, 11:38:01 PM
 #242

The only safe way to store you alts is to store them in a hardware wallet such as Ledger or Trezor. When you generate a seed using a hardware wallet it is not shared with the computer system and hence even if your computer is having any kind of malware or virus, the seed can never be compromised.
You can protect your altcoins by storing it in a wallet them secure you wallet. Don't let anyone to get your code or password; make sure the you are the only one who knows it.

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April 22, 2018, 11:50:47 PM
 #243

Security is the most important thing when working with crypto.  Do not store keys in accessible places, that is on a computer.  Better on a flash drive and on paper to write down, and there are still cold wallets.
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April 22, 2018, 11:51:44 PM
 #244

Be vigilant and carefully check whether the site is phishing. Large amounts are best kept on hardware purses. If this is not possible, then install the metamask extension for the browser.
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April 22, 2018, 11:52:12 PM
 #245

If you’re a holder and decided to wait for a long term, getting a hardware wallet is the best option probably. I think it’s the most efficient way to protect your eth based altcoins..
Yes hardwallet wallet is the best for me to keep safe and protect our altcoins. Just like Im using nano ledger wallet for long now so it is safe and secured wallet. As most said always save the private keys and other necessary details.
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April 22, 2018, 11:54:31 PM
 #246

Always keep your private key and saved it to a secured flashdrive or even in your desktop. Don't share it to anyone because this serves as your password to your wallet. Don't open your wallet anywhere, for me I open it only at my house to avoid to the hackers. If you have time, installed metamask bacause it is a great help to secured your wallet.
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April 22, 2018, 11:54:49 PM
 #247

I protect my altcoin with additional security in the form of security google authenticator. I also never install wallet carelessly. On my computer, I also added antivirus to protect my computer from viruses that could steal my computer data.

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April 22, 2018, 11:59:54 PM
 #248

To protect my altcoins i need mytherwallet and the private key is always hide and secure and dont log in fishing site.
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April 23, 2018, 12:01:36 AM
 #249

What is the best methods to protect altcoin from hacker?
Avoid clicking links directly from your Emails or better to avoid storing your personal data on your Emails, hackers do target email and when successful that will leave you exposed.
Also check every Airdrop before joining so you don't loose your data to hackers.
This post is targeted at bounty hunters in particular.

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April 23, 2018, 12:03:35 AM
 #250

How protect my altcoins? Its easy to protect my altcoins. First i always check a site befor i log in may pass of pravate key.
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April 23, 2018, 12:12:33 AM
 #251

To protect my altcoins i need mytherwallet and the private key is always hide and secure and dont log in fishing site.
Yeah, also you can use imToken App a Ethereum mobile light-wallet, secure and powerful digital asset management tool for users which we can get simple way to check and send our Altcoin, so we don't need anymore to login on Myetherwallet site.
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April 23, 2018, 12:20:16 AM
 #252

1. take care of your private key
2. dont give your private key to some one
3. use anti keylogger or antivirus on your device
4. Becarefull
kak uli
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April 23, 2018, 12:41:01 AM
 #253

What is the best methods to protect altcoin from hacker?

Keep a good private key from a wallet's address and never open a phishing link sent to an email address by an unknown and thus altcoin will be safe

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April 23, 2018, 12:51:12 AM
 #254

If your alts are ERC based, then you should have your private keys stored properly, preferably hardware wallet if you aint gonna trade that often, always double check the web url when trying to access MEW using private as theres really the choke point where a simple mistake would costs you, previously I seen some phishing links even get through the adsense as promoted search results.

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April 23, 2018, 12:53:56 AM
 #255

What is the best methods to protect altcoin from hacker?

I think the advice about protecting one's altcoins to hackers are almost similar all the time. First, you need to choose the safest wallets. Read reviews and ask long-time users of the wallets they are using. The best for me are those hard wallets. If possible, store your altcoins in different wallets. And then make sure you are the only person who has the knowledge of where you store your personal or private information such as your keys.

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April 23, 2018, 12:55:46 AM
 #256

What is the best methods to protect altcoin from hacker?

If you own a large number of altcoins, then it is not always practical to install desktop wallets for all of them. So most probably you will be keeping them in the exchange wallets. So there is a limit to the security precautions which we can take. Just enable 2FA and email authentication, and keep away from exchanges with dubious record.

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April 23, 2018, 12:57:13 AM
 #257

The best way to protect your altcoin is to store it to your trusted wallet; do not let others to get your information, passwords etc. Thus, always keep your privacy on yourself.

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April 23, 2018, 01:04:46 AM
 #258

There are several methods that can be used in cryptocurrency security such as cold storage, multi-signature transaction, multi-factor authentication (MFA) and two-factor authentication (2FA), as well as other methods such as back up, securing seed, PIN and passphrase.

Cold storage practices are a great way to keep intruders out of your digital assets. Bitcoin and altcoin support can be stored offline using paper wallets, hardware wallets and other protected forms of media. Multisignature (multisig) is a method that uses more than one person and key to authorize cryptocurrency transactions. Bitgo opens the first multisignature wallet in 2013 and there are other variations available to the public. Basically, the multisignature address contains several ECDSA private keys and all of which are required for transactions.

MFA and 2FA are standard practices typical for most bitcoin users. This method confirms the identity of the user by using some verification. Google Authenticator and Authy are popular services that offer some validation. Most services that ensure privacy and security use passphrases, mnemonic seeds, and PIN numbers to gain access. Backing up these details can be done so as not to forget.
 
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April 23, 2018, 03:01:03 AM
 #259

What is the best methods to protect altcoin from hacker?

I do not know once you click on words that are not understood because it could be a trap for you, especially now many people are trying to go take advantage of we have and you are more careful, and keep your password correctly and do not to enter into the project or things that are less important
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April 23, 2018, 03:19:43 AM
 #260

For me, the most effective method of protection is the use of professional software better known as antivirus, which provides protection against all suspicious inputs from the outside, which will detect and remove all types of malicious software from the computer.
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