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Violin8
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October 02, 2018, 06:59:58 PM
 #1



The recent happenings of  hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe,  never leave ur long term bags on any exchange.

Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.

Do not store your private key or passphrase online.

It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.

Stay positive and waiting for the bull run.
Stay safe everyone!
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October 02, 2018, 07:01:37 PM
 #2

To be safe, you need special effort. Especially, we need to pay much attention to the computers we trade crypto money.
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October 02, 2018, 07:18:53 PM
 #3

The most overlooked aspect of investing would be its security. It's easy for people to invest into something thinking that they can profit off of it while taking security for granted. In the case of bitcoins and cryptocurrencies, everybody is prone to hacks. Heck, not even exchanges with top-of-the-line security measures are safe from hacking escapades made by malicious people on the web. One good thing I learned on keeping a passphrase is to write it down on post it notes individually in their own respective orders. In that way, no one would bat an eye on what does these random words meant especially if you yourself know how to use them when the time comes. Also, never, ever save a copy of any of your passphrase in any of your machines, especially if they contain sensitive information pertaining to your data and your bank, exchanges etc. Some malicious applications can detect these and snoop all the data they want resulting into hacks.

And lastly, stay vigilant, trust no one especially your info and always keep backups in a separate offline machine.

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October 02, 2018, 07:31:48 PM
 #4

Being safe through internet world doesn't seem so easy nowadays, you really need to pay much attention to the website your using checking every detailed spelling if correct or not, lot of phishing site perfectly copied every detail of the website we're using even the layout the text and whatsoever bit of information just for the sake of their hacking activity.

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October 04, 2018, 02:44:18 PM
 #5

For keep your exchange safe,first you need be wary. Because, if you are unwary you lose your exchange anytime.
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October 04, 2018, 03:56:14 PM
 #6

For me now a day internet is note surely safe for us because internet is one of the that scammers is doing that they can hacked yours if we are not paying attention of our doing.

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October 04, 2018, 05:53:15 PM
 #7



The recent happenings of  hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe,  never leave ur long term bags on any exchange.

Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.

Do not store your private key or passphrase online.

It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.

Stay positive and waiting for the bull run.
Stay safe everyone!

Well this should be basic for any crypto investor. Just expect anything that can be hacked will be hacked. That way you always have to prepare for the worse. Quite the hassle if you think about it but if we're talking about your money, then it's always better to be safe than sorry.

 
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October 04, 2018, 06:04:49 PM
 #8

After the hacker stole $ 500 from me, I switched to Linux and did not install any programs. I access the browser through ledger. Thus, the hacker will not be able to access the funds, because the transaction must be confirmed only by simultaneously pressing two buttons on the device case.
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October 04, 2018, 06:30:24 PM
 #9

Cryptocurrency is a very valuable asset and we must be careful in maintaining it. We must be able to maintain the private key and put it in the safest place so it won't be stolen.

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October 04, 2018, 07:37:55 PM
 #10

Cryptocurrency is a very valuable asset and we must be careful in maintaining it. We must be able to maintain the private key and put it in the safest place so it won't be stolen.

I know a friend who stored his private key in a googe drive map. So it was online, and without a password you could view it on his pc. Keeping your private key safe is very important. Store it somewhere where it is protected by a password/2fa.

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October 05, 2018, 07:40:56 AM
 #11



The recent happenings of  hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe,  never leave ur long term bags on any exchange.

Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.

Do not store your private key or passphrase online.

It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.

Stay positive and waiting for the bull run.
Stay safe everyone!

Could you be more details about what kind of hack happened recently ? I think if you store your coins in big exchanges, it will be secure because they hold many peoples coins, not just you. But the cold wallet is the best wallet for security indeed, because you are the only one who can use it to move your balance from that wallet.

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October 05, 2018, 09:27:48 AM
 #12

The recent happenings of  hack are becoming rampant that exchanges are no longer safe.

But there are not many exchanges that were hacked, I say this because if we make an annual comparison of how many exchanges are stolen, we will see that the exchange number is few, now if we compare how many people are stolen funds in the exchange, we will see that the number of people is lots. This to say the following:

In the case of a hack, the exchange returns money, so at least the person knows that he will have his money

In case the exchange itself steals money, the person will never recover their money.

In short: worry that the exchange will not steal your money

waiting for the bull run.

everybody expects this

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October 05, 2018, 09:28:38 AM
 #13

it is true that we should aware of everything around us because there is nothing totally safe out there. To be safer, we should prepare our own basic knowledge to protect themselves
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October 05, 2018, 09:35:25 AM
 #14

The recent happenings of  hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe,  never leave ur long term bags on any exchange.

Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.

Do not store your private key or passphrase online.

It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.

You contradict yourself by recommending a web wallet. With a web based wallet, you do store your private keys online and you are not the only one with access to your wallet.
I would only recommend using a hardware wallet, especially for users that are not technically adept.

Certain desktop wallets can also be kept relatively safe, but you need to have some technical knowledge on how to do that.
I'm sure that there are people with a very secure Armory setup for example, but a hardware wallet is definitely a lot easier to use.

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October 05, 2018, 09:41:44 AM
 #15

I agree! People need to be educated in all aspects of cryptocurrency. Be vigilant always and keep secured all your funds in exchangers and in online wallets and better use hardware wallet than web wallets if your going to hodl for a long time. Withdraw all big funds in exchangers after trading because you won't know when hackers will attack.
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October 05, 2018, 09:47:32 AM
 #16

We must be able to maintain the private key and put it in the safest place so it won't be stolen. Cryptocurrency is a very valuable asset and we must be careful in maintaining it.
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October 05, 2018, 09:51:10 AM
 #17

You've said it all but there are people that can't help themselves but keeps on trusting to keep their coins on exchanges.

They are fleeing the fees which they think is high and hassle to transfer from time to time.

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October 05, 2018, 09:58:50 AM
 #18

Good tips, sadly though a lot of people will still fall for the trap from scammers not because they're everywhere but people are too gullible to trust others. And even we all gave them the warnings, they will insist because their decisions is already clouded.

Just like the phishing or how they protect their private keys. We already have a lot of tips everywhere in the forum, but you will still see threads pop up from time to time about hacks and lost keys.

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October 05, 2018, 10:03:15 AM
 #19

Security is the biggest nightmare for every crypto bag holders, once your wallet is compromised by hackers they will not leave you any single dime. Thats why crypto investor should know how risky this environment is. As a security measure I always double check everything what I'm doing on the internet, I learn to become security conscious. Internet is never been a safe place since its existence.

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October 05, 2018, 10:36:34 AM
 #20

If it's too good to be true, it probably is!
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