Altero
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February 01, 2019, 10:49:26 PM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
If you are keeping your crypto, I recommend you to use Mew, Ledger nano, or trezor. Using exchange its too risky, don't you know that mate? Never repeat what you already did before, its some kind that you yourself is the one who killing your own capital investment. The securities of our wallets are coming from own upbringing. Even we used hard and online wallets still subject for hacking activities. The only thing we should do is to be very careful in visiting unfamiliar sites and check if is really secured. Sharing computers also to the other person might also a reason for losing our account keys.
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trader34
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February 01, 2019, 10:51:43 PM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
A good Exchange for security reasons is Liquid, a Japanese regulated exchange. It has very slow withdrawals (which is quite annoying...) since they keep 100% of their funds on cold storage, but this thing here for security reasons is excellent. Here's the link: h ttps://www.liquid.com/
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Yamifoud
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February 01, 2019, 11:26:53 PM |
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A lot of crypto wallets exist today but some of them have a questionable existence, it is better to stay on the old wallets just like MEW, hard wallets and Electrum wallets. Though it isn't have a 100% fully secured and so we can't assured for fully secured funds as it only matters how the owners handling it. I'm one of the long users for these wallets and I'm not experiencing of losing my funds on it.
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Oceat
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February 01, 2019, 11:37:37 PM |
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A lot of crypto wallets exist today but some of them have a questionable existence, it is better to stay on the old wallets just like MEW, hard wallets and Electrum wallets. Though it isn't have a 100% fully secured and so we can't assured for fully secured funds as it only matters how the owners handling it. I'm one of the long users for these wallets and I'm not experiencing of losing my funds on it.
There are more existing good exchanges out there just like Binance and others yet it is not recommendable to put your money in any exchanges. If anything bad happens to the exchanges they won't give you a refund of your stolen tokens, though Binance is different to the other exchanges and i can assure you that. MEW on the hand is good for storing ETH though once you lost your private key then you will lose your ETH forever.
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3996
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rodel caling
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February 01, 2019, 11:47:20 PM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
For me using localbitcoin is useful and it secured, I suggest there's was many exchange secured and reputable keeping your fund like coinbase for example. Or you can search at the google what is the best exchange fit to use in your location or country where do you reside or use NANO hardware wallet that is very sure feature incrypted keys.
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Bijikopi
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February 02, 2019, 01:01:08 AM |
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Take your money and save it in the bank. that is probably the safest way, because when you start trading you are sure that your exchange is safe for saving assets / coins. if you doubt how you trade. this is a fundamental issue of a trader.
saving money at the bank is the safest way, but if the money we have is too much then we should be able to save it not in one location, we can divide it into several savings, to keep if something unexpected happens, for example the bank we choose went bankrupt, if we want to trade then we can quickly move our money from the bank into the crypto trade.
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BlackPanda
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February 02, 2019, 01:33:14 AM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
If you want to save safely, offline wallet can be the first choice. When you use a wallet then you can store it safely and use it when you need it. But for a trader with an active transaction, this is quite troublesome because it has to send transactions frequently. The next choice is to save Bitcoin in an exchange that already has a good reputation so that the Bitcoin you have will be safe and secure. Many choices and in my opinion Binance and Bittrex are the main choices for investing Bitcoin that we have.
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Ucy
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February 02, 2019, 08:18:29 AM |
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No centralized exchange can guarantee you a secured fund. Just make sure not to leave a lot of funds on exchanges especially the centralized ones. It's just too risky. Only use those exchanges when you want to quickly buy or sell your Bitcoin. Again make sure you don't leave a lot of funds there after trading. By the way, It is said "you don't own your Bitcoin if you don't have the Private keys." If you need secure place to store your coin safely, then use electrum wallet https://electrum.org/#home as some above suggested.
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sheenshane
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February 02, 2019, 09:21:53 AM |
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snip- By the way, It is said "you don't own your Bitcoin if you don't have the Private keys." If you need secure place to store your coin safely, then use electrum wallet https://electrum.org/#home as some above suggested. I agreed I also now currently used that wallet an Electrum, feel safer than other wallets. You can actually go ahead now and save your cryptocurrencies in hardware storage if you really wanted it to be 100% safe. Of course, you have to save the hardware yourself as well and keep it in the safest location you will ever imagine. But if you are looking for a good exchange, you may also try etherdelta.com. But if you want a centralized exchange, try Binance since it is one of the most trusted centralized exchange. I don't know why you were hacked in the exchange and let your money be stolen by someone. You have to be more careful next time because everyone would love to look for someone like you in this industry and make you a victim.
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Jesabela04
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BountyMarketCap
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February 02, 2019, 02:24:23 PM |
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Since everything is hackable these days, we should be smart enough to handle our earnings and holdings. We should store and keep our earnings well so that we'll not have any regrets in the future. I guess keeping our earnings in a hard wallet is better and more secure.
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Oilacris
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February 02, 2019, 02:37:35 PM |
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No centralized exchange can guarantee you a secured fund. Just make sure not to leave a lot of funds on exchanges especially the centralized ones. It's just too risky. Only use those exchanges when you want to quickly buy or sell your Bitcoin. Again make sure you don't leave a lot of funds there after trading. By the way, It is said "you don't own your Bitcoin if you don't have the Private keys." If you need secure place to store your coin safely, then use electrum wallet https://electrum.org/#home as some above suggested. I totally agree in this especially if we are dealing with the centralized exchange they were really the most common target by hackers. People can use the cold storage hardware wallet for an instance if you don't feel the safety of your own cryptocurrency. Just use the legitimate one that has a highest reviews hardware wallet to avoid unsatisfactory outcome.
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semobo
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February 02, 2019, 04:01:03 PM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
Localbitcoin platform didn't face any security breach so its your problem because you revealed you password to someone,you can increase the security of LBC account by 2FA and IP authorization and few more tools available.
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Jeremdip
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February 02, 2019, 08:36:44 PM |
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Don't ever use exchanges wallet for long-term holds, exchanges are only and only for short-term or maximum in some cases can be used for medium-term holds, There is a possibility that an exchange that is working well now won't exist tommorow, and even there is no scam, these exchanges can be compromised, It's best to keep your long-term holds on your personal wallet.
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deisik
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February 02, 2019, 09:33:41 PM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet? You may want to look into covered shorts As the saying goes, there is no place like home, so the best place for your coins (whichever you have) is your local wallet, desktop or otherwise. But since you still want to trade and earn profits (which is understandable), the safest approach is to trade using borrowed funds while keeping only part of your stash in an exchange account as a collateral. In this way, if things go wrong like exchange shutting down for whatever reason, you will lose only part of your stash, while still enjoying the ability to trade your full potential if they don't
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ShowOff
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February 02, 2019, 09:39:40 PM |
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Don't ever use exchanges wallet for long-term holds, exchanges are only and only for short-term or maximum in some cases can be used for medium-term holds, There is a possibility that an exchange that is working well now won't exist tommorow, and even there is no scam, these exchanges can be compromised, It's best to keep your long-term holds on your personal wallet.
Maybe people face problem that they want to save their money securely, but want to trade every they want. Maybe what be solution is trade on DEX types. Because it is like only open their wallet and then sell their coins. But give our private key to a site is have big risk too.
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mersal
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February 02, 2019, 11:52:10 PM |
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Yes there are lot of opportunities to secure your friends more safely in any changes but you need to check your friends at least once in a day because the market is not in your control so making your funds are more higher is very easy but doing it properly is the big difficulty happening here.
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glendall
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February 03, 2019, 12:03:49 AM |
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so far the good exchange that I use is binance, the first reason is because binance does have an experienced team, and it is evident from the features and displays that are given different from other exchangers, besides that we don't need to do KYC to be able to withdraw. or if you want better, you can look for exchanges that support the cold wallet feature, it can be better.
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canman
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February 03, 2019, 02:57:04 AM |
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so far the good exchange that I use is binance, the first reason is because binance does have an experienced team, and it is evident from the features and displays that are given different from other exchangers, besides that we don't need to do KYC to be able to withdraw. or if you want better, you can look for exchanges that support the cold wallet feature, it can be better.
I believe in Binance and this exchange has never had a security problem during the past year. You can also keep your coin safely in Ledger Nano S because this is the safest wallet with the highest security in the world in this market.
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ryap12
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February 03, 2019, 03:06:48 AM |
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The most COMMON advise is to transfer your funds back to a cold wallet whenever you're done trading. (SAFE)
Why not buy a hardware wallet and transfer funds to it whenever you're done trading? (SAFER)
Just buy and don't trade. Keep them in a hardware wallet. Create a portfolio and check whenever the price spikes then trade/cash-out. (SAFEST)
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binhvo1505
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February 03, 2019, 03:42:06 AM |
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Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
Binance is a big trading platform but it was previously accused of letting hackers infiltrate investors' accounts to place buy and sell orders. But I think that is the mistake of investors when using computers. Now there are lots of un-virus links and we just need to press the wrong ones, our computer will be stolen data very quickly. So to secure your money, you should use a laptop and only use it to work. Do not download any other strange applications. That's how to keep your account safe.
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