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Author Topic: How safe is our money in crypto?  (Read 7714 times)
FaucetKING
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October 07, 2018, 09:01:19 PM
 #1061

I think that our money isn't and was never safe here or at any place, even at  local Banks.
Just like these thiefs and these hackers (vitually) , there's bank robbers and real thiefes and we just have to assure them always and even move them when we feel the danger Wink
Even banks can run away with your funds, they can get robbed and they will never pay you or offer a refund, so, be safe.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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royalfestus
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October 07, 2018, 09:10:36 PM
 #1062

Our money cannot be safe, because there can be no guarantees here. We are not in an official bank or organization. We are in a very risky place where you can earn very well.

Bank is not safer but they are responsible for any loss unlike in crypto, whenever there is any hacks such victims are mere casualty. Most times there wont be any refund. Rich people are vulnerable as you but they still keep there coins on wallets.
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October 07, 2018, 09:16:03 PM
 #1063

Can't argue with that, because all that is available in the Internet it is vulnerable. What does this apply not only to the world of cryptocurrencies, but also personal data, as well as your social networks. But still in the crypto-currency world there is a way to protect your money from fraudulent hacks and various hackers. I think you've already stumbled upon the recommendations of many guys about the purchase of a cold wallet. With it you will protect your savings from such situations.
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October 10, 2018, 09:18:49 AM
 #1064

The money is safer in crypto more than somewhere else because you can control every move here and all responisbility is on yourself only. It is very nice not to rely on someone.

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richjohn
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October 10, 2018, 09:21:33 AM
 #1065

The safety in cryptos depends upon the owner itself. We are responsible for own safety as there is no third party involvement like banks and other financial institutions. Be wise in choosing exchanges and wallets. Keep your private keys safely. Don't use any infected system for accessing wallets for exchanges. Double check the URL. Be cautious while making investment in an ICO or believing anyone in the community. Just be aware.
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October 10, 2018, 09:23:06 AM
 #1066

yeah  it  is  true  that  there is  so many  hackers  and our  money  is  not  as  safe  as  under  pillow  but  this  job is risky  so  we don t  have  lots  of  solutions  to solve  it .

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bamb
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October 10, 2018, 09:25:47 AM
 #1067

The safety of your fund in cryptocurrency is squarely in yourhand. You should know and practise safety processes and procedure as you deal in cryptocurrency and move your funds around. Cryptocurrency is one of the safest asset you can hold but you have to knowhow to hold crypto without you losing it!

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Zainal-baguz
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October 10, 2018, 09:27:55 AM
 #1068

if I think it's safe enough bro. if we always try our best to keep our Wallet. like using additional safeguards and so on

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mel1978
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October 10, 2018, 09:33:32 AM
 #1069

Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.
Money in crypto cannot be safe for life so maybe we need to watch our steps here. For me I will not hold big money in my wallet if I have such because we cannot guarantee that our money can stay longer in the wallet that we have. There are lots of hackers and scams in the internet especially in this crypto business so maybe we need to put our investment in a more safe wallet and to avoid sites that can hack our wallets.
ImSuparmin
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October 10, 2018, 09:43:25 AM
 #1070

Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.


yes I agree with you, security in crypto is not guessable, sometimes we have saved the file correctly, but still we can lose our money, somehow everything can happen, but in my opinion it would be nice if we get altcoint better we quickly sell it rather than the money we have lost.

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October 10, 2018, 09:45:42 AM
 #1071

Just keep your private keys safe and never place those priv keys in any website, except MEW for eth/etc.
Get a Ledger or Trezor for long term storage.
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October 10, 2018, 10:06:49 AM
 #1072

Can't argue with that, because all that is available in the Internet it is vulnerable. What does this apply not only to the world of cryptocurrencies, but also personal data, as well as your social networks. But still in the crypto-currency world there is a way to protect your money from fraudulent hacks and various hackers. I think you've already stumbled upon the recommendations of many guys about the purchase of a cold wallet. With it you will protect your savings from such situations.


Is that a cold wallet? I just heard it, maybe this will be a solution for me to secure my wallet from hackers, how to install the cold wallet that you say? Is it really safe to secure my wallet?

Please help. !!

Veter2000
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October 10, 2018, 09:23:06 PM
 #1073

Can't argue with that, because all that is available in the Internet it is vulnerable. What does this apply not only to the world of cryptocurrencies, but also personal data, as well as your social networks. But still in the crypto-currency world there is a way to protect your money from fraudulent hacks and various hackers. I think you've already stumbled upon the recommendations of many guys about the purchase of a cold wallet. With it you will protect your savings from such situations.


Is that a cold wallet? I just heard it, maybe this will be a solution for me to secure my wallet from hackers, how to install the cold wallet that you say? Is it really safe to secure my wallet?

Please help. !!

A cold wallet is good, but not very convenient if you actively trade or move your cryptoactive assets between different addresses. You can read about the cold wallet here https://en.bitcoin.it/wiki/Cold_storage
JonnPilok
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October 10, 2018, 10:42:26 PM
 #1074

Money has nowhere to be safe! Money can be stolen both in banks and in shops in and on the Internet ... It all depends on how difficult it will be to steal money and how much it is advisable.

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October 10, 2018, 10:46:56 PM
 #1075

Money in cryptocurrency belongs only to you, no one you will not be able to freeze or block, but the responsibility for the safety is also on you
KofiAdepa
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October 10, 2018, 10:50:17 PM
 #1076

Yeah our monies are not safe with these bad nut among us but it happens every where not only in crypto. I suggest the need for multiple account (wallet) could be safe since all monies won't be  store at one place.

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October 10, 2018, 10:50:54 PM
 #1077

buying ledgers nano / hard wallet is the best way , but if you dont have any money to buy that
i think the best way is get attention what link you open in the internet , and dont open unsafe site
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October 10, 2018, 10:55:03 PM
 #1078

Yes, I agree completely. I always worry myself when I have money stored in wallets , sometimes it seems to me that it is safer to keep on the exchange

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October 12, 2018, 12:36:49 PM
 #1079

Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.

As i think, Every word you have told, is universal trust. We hunters including investors & holders, work a lot & Spend a lot of time due to get some money. But hackers hack our account and get all our money which is so painful. Even i am always in this pressure that, maybe my account is hacked!! Well if you want to live with crypto world, then you have to face this problem and it can be said that, this problem has no solution at all  Angry  Cry

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October 12, 2018, 12:39:27 PM
 #1080

Have you ever seen 100% security? Always and in everything you need to be on the alert, around just waiting for a mistake to be made. You can not relax.


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