Are you using a Public DNS server? your coins are at risk !

[mikeywith]

A public DNS server is open to a lot of risks, except it is properly protected using failsafe methods that disconnects the server from the stream in the event of an attack say DDoS.  First of it is that public servers when compromised can bring a lot of pain  to every client who has their sensitive documents, data, etc loaded via the server. All this is usually possible when the server is the target of a worm, host, or virus if the hackers feel something important lies deep in the purpose the servers convey. No one is invulnerable and as such, it is safer to use a private secured protocol that gives a higher degree of safety. never trust public servers no matter how safe they look and never carry out financial transactions over them as your details may be compromised without your knowledge.

i have been wanting to say this but my writing skills sucks, you just spoke for me . thanks

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[rayk]

Offline wallets, keeping coins from any internet connection and hardware wallets are very important. This is clear that whatever you do, you will never be fully safe so the most important thing not put everything in one basket.

[Doge dealer]

all the points that you have mentioned are very good methods but the only draw back is that most of these hardware wallets are limited in the coins that you are able to store on them and as such they need to address this issue where they mostly accept the major coins like bitcoins, ether and bitcoin cash but how do you protect the other coins that you have significant investments in ?

[sieemma]

Offline wallets, keeping coins from any internet connection and hardware wallets are very important. This is clear that whatever you do, you will never be fully safe so the most important thing not put everything in one basket.

Nice teaching but I will like to add that cold wallets from exchanges are a very good way of storing your coins from any kind of attacks. some exchanges give you cold wallets to store yourcryptos that are not needed atm. Look for that.

[mikeywith]

all the points that you have mentioned are very good methods but the only draw back is that most of these hardware wallets are limited in the coins that you are able to store on them and as such they need to address this issue where they mostly accept the major coins like bitcoins, ether and bitcoin cash but how do you protect the other coins that you have significant investments in ?

Ledger Nano supports a good variety of coins. now if your coin is not on the list then sadly you are left with nothing but an offline/paper wallet.

[mikeywith]

Offline wallets, keeping coins from any internet connection and hardware wallets are very important. This is clear that whatever you do, you will never be fully safe so the most important thing not put everything in one basket.

Nice teaching but I will like to add that cold wallets from exchanges are a very good way of storing your coins from any kind of attacks. some exchanges give you cold wallets to store yourcryptos that are not needed atm. Look for that.

thanks for pointing this out.

[Lock00Live]

all the points that you have mentioned are very good methods but the only draw back is that most of these hardware wallets are limited in the coins that you are able to store on them and as such they need to address this issue where they mostly accept the major coins like bitcoins, ether and bitcoin cash but how do you protect the other coins that you have significant investments in ?

Ledger Nano supports a good variety of coins. now if your coin is not on the list then sadly you are left with nothing but an offline/paper wallet.

I also regularly use my Nano S wallet to protect my property because I feel insecure about leaving it on commercial wallets. Protect your property carefully because when it's gone you'll be hard pressed to get back in the market.

[Victorias]

You must use an offline wallet to store your money. Take your safety seriously, this will help you avoid problems in the future.

[bjmpoker001]

I think it still safe as long as you don't type your password or seed phrase on the website that using public DNS.
It can be a phishing website using public DNS to replace the legit website to their phishing site.
Never put your seed word or password, that is the safest way.

[seafoodgirl]

Most of you heard of the DNS attack which targeted Myetherwallet (MEW) web wallet users. tons of coins were stolen that day ( 6 days ago).

I can not stress on how important it is to use a hardware or at least an offline wallet to store your crypto ,but should you INSIST on using web based wallet keep in mind that you are only a few steps far from being compromised.

there are a few ways hackers can steal your coins, one of the most obvious is a DNS attack, therefore you should avoid using public - known DNS servers such as Google, OpenDns Home , etc ...

1- Always use your ISP DNS server, even though it is probably technically less secured than say  Google DNS server but the fact that it is not used by so many users and mostly unknown, it stays far from the hacker's targets.

2- Always make sure that you are using a secure connection, using chrome for an example, you have to see a green lock next to the url your browsing, click on secure and check the validity of the certificate.

3-The use of Virtual Keyboards can save you sometimes. something like Kaspersky Virtual Keyboard is much more secure than hitting your keyboard.


4-use multiple wallets, remember the old saying about eggs and basket ! it is still valid.

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**Pay to secure your money, as you already know, nothing is free in life, just like you pay to ensure your car , house and health you have to pay to secure your fundings, hardware wallets are really cheap ! spend a little on one !



**Avoid storing your funds on exchanges , exchanges are hackers no1 target. every couple of months you will most likely hear about an exchange being compromised, you do not want your coins to be there !



stay safe guys, this is the BILL you have to pay for owning crypto, you get 100% freedom + you take 100% responsibility of your fundings.

You can't still be sure if you are secured whether you use public dns or not, use all security process you know, use anonymous browser like tor or use vpn especially when bad luck comes to you, and regarding to phishing site you can avoid it by bookmarking the site. So always bring your best luck !! Fighting ..

[pat4cryptoreal]

The rate at which wallet are being hacked is so alarming especially myetherwallet. I want to know how,where and how mush it will cost to get a hardware wallet, I am very interested.

[mikeywith]

The rate at which wallet are being hacked is so alarming especially myetherwallet. I want to know how,where and how mush it will cost to get a hardware wallet, I am very interested.

please go through this website

https://www.bitpremier.com/bitcoin-hardware-wallets

it has a list of the best hardware wallets, Nano S and Trezor are the only 2 i have used so i am not sure about the rest.
security based they are almost the same, Nano has a wider variety of coins that can be stored. Trezor usually sells cheaper but it has less coins.

so it's your call!

[mikeywith]

Offline wallets, keeping coins from any internet connection and hardware wallets are very important. This is clear that whatever you do, you will never be fully safe so the most important thing not put everything in one basket.

yup, have as many wallets as you can

[squatz1]

God, thanks for this so much. I just changed to one of the big DNS servers, as a youtube video said they're going to be much faster, but I guess the speed isn't really worth it when these people are getting hacked and then money is being stolen due to it. I'll be changing back VERY SHORTLY.

THANKS SO MUCH!

[mikeywith]

God, thanks for this so much. I just changed to one of the big DNS servers, as a youtube video said they're going to be much faster, but I guess the speed isn't really worth it when these people are getting hacked and then money is being stolen due to it. I'll be changing back VERY SHORTLY.

THANKS SO MUCH!

You are most welcome bro. we doing this for the community ! crypto is the future

[mikeywith]

There is a new scam trend now which is similar to the DNS phishing attack.

a lot of users received emails from someone who is pretending to be from the MEW support team telling people that their wallets need to be changed due to some restructuring and security improvements.

they send you a masked link which does pretty much look like the official site of www.myetherwallet.com . they ask you to swap your old wallet PK to the new wallet, and once you do ,you know the drill 

PLEASE BE EXTRA CAREFUL.

[mikeywith]

BUMP

[Butterfly Protocol]

i was carelessly using public dns because my isp using it. later dns hijacked occured.
My wallet got hacked by it. i lost about 700 usd of it.
now i am no longer using myetherwallet, time to use metamask or other more secure wallet.

sorry about your loss, i tried to warn as many people as i could by then on Ether Mining group on FB some people got away but most were to late to act! anyway

why not get a hardware wallet? any logical explanation behind this?

thanks

Phishing and Hijacking are not to be neglected! Using public DNS is dangerous if your IP is exposed, a plethora of misdeeds can occur.

If you take a look at what Butterfly is doing, you will find that much more enthralling than using a standard, centralized DNS.

Butterfly enables individuals to execute a single transaction and own their domain name forever, free of future payments, which are currently standard, as simple as that. Once a domain name is created and acquired, the initial registrar is its sole owner. This in itself is a major breakthrough in how domain name ownership works. Butterfly has also developed an inherent ecosystem with a native cryptocurrency token, which allows users to create, sponsor, and execute domain names and their creation.

[vm1990]

i was carelessly using public dns because my isp using it. later dns hijacked occured.
My wallet got hacked by it. i lost about 700 usd of it.
now i am no longer using myetherwallet, time to use metamask or other more secure wallet.

sorry about your loss, i tried to warn as many people as i could by then on Ether Mining group on FB some people got away but most were to late to act! anyway

why not get a hardware wallet? any logical explanation behind this?

thanks

Phishing and Hijacking are not to be neglected! Using public DNS is dangerous if your IP is exposed, a plethora of misdeeds can occur.

If you take a look at what Butterfly is doing, you will find that much more enthralling than using a standard, centralized DNS.

Butterfly enables individuals to execute a single transaction and own their domain name forever, free of future payments, which are currently standard, as simple as that. Once a domain name is created and acquired, the initial registrar is its sole owner. This in itself is a major breakthrough in how domain name ownership works. Butterfly has also developed an inherent ecosystem with a native cryptocurrency token, which allows users to create, sponsor, and execute domain names and their creation.

lets clear a few things up shall we using a Public DNS isnt dangerous so stop with the crap already... is it more likely to be targeted? yes as more people use it but its also alot more likely to have the latest software and patches applied... next there are many Public Dns's out there hell even cloudflare brought one out 1.1.1.1 and 1.0.0.1 (your welcome) its not hard to do a few checks. if your really paranoid use the bloody ip addresses so you can get Middle man attacked (DNS hijacked)
VPNs can be a good option as most of the time they user there own DNSbut the easiest and best option is look at your address bar... see the green lock... its there for a reason it means that site is who its claiming to be. quick easy stuff will keep you safe against the 99% of scams out there and always ALWAYS try to use 2FA that way if you log in to a bad website youll still have a 2nd line of defense even if they grab your password they cant hijack the email (unless your one of those that use the same password for everythign in which case good luck.