What can you do to keep your digital assets safe?

[ccedk_pr]

Cryptocurrency thefts are on the rise.

There are now over 1,500 different types of cryptocurrencies, 22 million wallets for storing them, and thousands of exchanges to trade them on. This rise in numbers over a short period since Bitcoin introduction in 2008 turned a multitude of crypto users and traders into millionaires in the process. And although the lucrative investment has increased the pocket size of many, it also brought in those who want to take advantage of it.

Within the first nine months of 2018 alone, cryptocurrency theft has led to the loss of nearly a billion dollars, a 250 percent rise from a previous year. Whether it is through the hacking of exchanges, such as the $500 million Coincheck hack, or the theft of a few dollars from a wallet, cryptocurrency thieves are finding new means of taking your cryptocurrencies. Phishing, brute forcing and phone-porting are just a few of the methods used by crypto thieves to steal your cryptoassets, but there are ways to prevent them.

How hackers can steal your cryptoassets

Phishing
Phishing has been around for quite some time, and it is no longer only utilized by princes of foreign lands requiring your credit card information. The technique has been expanded for cryptocurrency theft, too. Hackers send emails to various cryptocurrency owners, and when opened, infect computers with malicious malware, at times even holding a victim’s computer hostage until a cryptocurrency ransom is paid. 

Brute forcing
Brute forcing relies on hacking programs, often purchased through the dark web, which use a trial and error approach to gain users’ passwords. If the program doesn’t pick up your password on the fifth try maybe it’ll get it on a try five thousand. All that matters is that once the program achieves what it was built for, you can say goodbye to your cryptocurrencies.

Phone-porting
Phone-porting occurs when a hacker uses a victim’s telephone number to take over his/her mobile account. Then hacker accesses the victim’s exchange account by resetting the password with the telephone number and then steals cryptocurrency from the account.

Read More About The Ways to protect your cryptocurrency

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[Mikhail.YT]

Get a trusted offline wallet. Problem solved. Only pull out the amount you need.

[thefoex]

use a personal wallet and the problem is solved. hacking usually attacks the exchange because of that. don't hold coins in wallet exchange because it's very risky. if we examine there will be no problems, so always be vigilant.

[Olayinka225]

I think it best to keep all one digital assets in a hardware wallet best know to you or offline wallet. Because keeping one asset in exchange wallet is dangerous as exchanges are been hacked pretty much this time.

[Magkirap]

The best way to keep your digital assets safe and secure is through putting in trusted wallet. I usually keep my digital assets in a hardware wallet where I know it is totally safe where no can hack or stealth it. Do not tell to anyone where you keep your digital assets.

[eternalgloom]

The article itself is pretty basic IMO, just lists common knowledge like installing a virus scanner etc.
Not all too interesting for most people...

The thing is that people who are most likely going to be affected by scams and malware, are exactly the type of people who don't read articles like these.

Those people would probably be served best by just using a hardware wallet for everything.

[jossiel]

Get a trusted offline wallet. Problem solved. Only pull out the amount you need.

And that is hardware wallet like ledger nano s or trezor.

Because keeping one asset in exchange wallet is dangerous as exchanges are been hacked pretty much this time.

Yes, they are likely to be hacked and don't listen if there are prominent people that tells you that it's okay to store your funds in exchanges. They just want you to deliver such amounts and volume to their exchange. Keep your funds on a safer place that we mentioned and don't provide your private keys to a stranger.

[kaito.]

keep it on personal wallet like hardware or web wallet, as long it's not on exchange site our digital asset got minimum chance to get hacked.
and also open email from different pc that used for trading.

[thunderbitz2717]

One of the best advices in the article is the Education and Diligence. I think this is the most important advice that cryptoenthusiasts can do. Any advice here is very useful only if each investor would be very diligent and keep on educating himself. Get informed every time.

[shinratensei_]

Get a trusted offline wallet. Problem solved. Only pull out the amount you need.

And always to make sure our wallet never connect to the internet. The hacker can do nothing with the wallet that not connected to the internet. As far as i know, even the paper wallet is much better compared to the hardware wallet. Offline wallet always becomes the best choice.

[gwaposakon]

With the great development of technology comes also bad elements who want to gain an easy but illegal way. Whether you choose a hardware, software or paper wallet to manage your passwords and private keys, you should do an extra step to ensure that assets are safe, like:
* Encrypting your wallet with a strong password
* Making regular backups and storing them in multiple locations
* Using multisignature security, and
* Generating, writing down and hiding your wallet's mnemonic seed or private keys

[SaRmY]

This all comes from the underdevelopment of technology. No matter how much time developers spend to protect customers, fraudsters find vulnerabilities. There are many vulnerable zones on the Internet. Which leads to the rage of your coins. Each of us is able to defend himself, but this does not guarantee you complete security.

But do not be disappointed. Since in the real world fraudsters are even bigger and they steal billions annually.

[prasad87]

Well, basic knowledge of why you should never share your private key or mnemonic should be enough for most.
Either print a paper wallet on a PC with no internet and hide the paper wallet, or if you intend to spend - wait for Galaxy s10 with integrated hardware wallet. If the s10 rumors are false - buy a hardware wallet, I own one Ledger, and I've prepaid a Universa HODL wallet, too.

[emmybd]

Well, keeping digital assets safe is a major problem for crypto investors, many people have lost their assets due to theft and other types of frauds, so it is very imperative to keep it safe. If i can manage some funds then i would buy a hardware wallet, i believe it is the best way to secure one's digital assets.

[anjohyx]

I'm sure that the best ways to protect our crypto assets is hardware wallet, even if computer already infected by virus, our crypto assets in hardware wallet remain safe, however people can't use leak password anymore, strongest password with 2FA to protect our exchange account.

[Yalovtsev]

Well, first you do not need to keep passwords on your computer,and many deposits are saved, plus be sure to check the sites that you go to, so that the connection is connected,and do not open Spam links that lead to certain deceptive resources,and thus you will be robbed

[cichaescut]

I think it is simpler to buy a cold wallet and to forget about such problems. I know it costs some money, but if you are holding a lot of crypto, it is definitely worth it to have a ledger wallet to be sure that your crypto is safe.

[Olatunjex]

Buy hardware wallet then you are fine, you don't have to worry about your asset being stolen it will be safe even if you misplace it you can recover your asset in as much you still have your seed with you.

[Sri rahayu]

The best way to keep your digital assets safe and secure is through putting in trusted wallet. I usually keep my digital assets in a hardware wallet where I know it is totally safe where no can hack or stealth it. Do not tell to anyone where you keep your digital assets.

I agree with you, because it is very important to store assets carefully, but I only suggest that you have someone who can be trusted to find out your asset key, like family or wife if you are married, because we don't know what will happen to us in the future, and that's just keeping the assets you have will not be in vain. just ignore my advice if you think it doesn't make sense.

[joromz1226]

Using cold wallet such as Multibit.hd and electrum is good for bitcoin while on altcoins Hardware wallet, MEW(myetherwallet), trezor and Nano are the best for this matter buddy. with all of these all coins that you like to hold in a long term was certainly safe in here.