How to keep your funds secured?

[maydna]

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?

I use many exchanges but I never safe my asset in there, in out fast no compromise. Secure is relative but the way is always same, never share device/ network and don't use exchanges as place to safe asset. Try one exchanges and learn from them because good or bad is depend your personal opinion.

It always better to use the offline wallet to save the asset and we have many options to use. We have multi coins wallet, bitcoin qt wallet, mycelium, jaxx, electrum and else so I am sure that we can find easily for what wallet we want to use. Don't save the coins at the exchanges for a long time unless you are trading the coins because we don't know what will happen later. But if you feel to save in the exchange is the best option for you then you can go with your choice and don't hesitate because of many suggestions on here.

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[Questat]

I usually use cold wallets. Although not cheap, hardware wallets are definitely the best and safest way to keep our money. As for my buy-sell transactions, I don't have a trust shortage because I use the Binance Exchange because Binance was the only one in the market that can be trusted for the time being. In general, I'm careful not to use online or web wallets because I can't trust these wallets. That's why the hardware wallet is always on the wall.

Agree, hard wallet is always the safest but since we also love to trade and we don't want to transfer our funds from time to time, we have no choice
but to store our coins in a certain exchange. Binance so far is the best in the business now, they are the number trading sites IMO, and they reach that
no. 1 spot in just a short period of time because people trust them, they have already build a good reputation in the crypto world.

[moynul2050]

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.

doesn't the OP ask for an exchanger? everyone also knows that saving money in a bank is the safest thing, but how can a crypto currency be stored in a bank?
I suggest that the OP choose an exchanger who has trusted security.

[marketone]

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.

doesn't the OP ask for an exchanger? everyone also knows that saving money in a bank is the safest thing, but how can a crypto currency be stored in a bank?
I suggest that the OP choose an exchanger who has trusted security.

Still, we don't have any bank based exchange and it is impossible to hold there for long term. Every exchange is risky which we cannot able to hold them for long term. It is always good to move our coin from exchanges to our own desired wallets for securing our wallets.

[AB de Royse777]

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?

No one can guarantee that any exchange is 100% secure. You need to take the risk if you want to trade. When it's about security and trading daily then you need to come up with a balanced solution if your have huge amount of BTC. For small amount, you can not do much because these withdrawal fees will eat most of your profits.

Anyway, I actually tried to find anyone who mentioned about multisig wallet and quite surprised to see that no one mentioned it yet.

For 100% security of your fund I would suggest you to use a MultiSig wallet perhaps 2/2. You can download Electrum from their official site (https://electrum.org/#download), verify it (This is very important) then install. Learn how to create a 2/2 address. User Electrum in two device for two key of the wallet. Your funds will be nearly 100% secure.

Cheers :-)

[babysweetTiger0401]

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?

Well I guess, your making a mistakes in your way dude. Instead of keeping it in the exchange why not try to store it on Electrum if you have

Bitcoin. It is much safer than exchange site platform. or if you really want an exchange try Coinbene, IDAX, kucoin and Binance and okex.

[waitforme]

It is complicated to keep your money safe in this online world. I think if you want everything to be safe, use FIAT and store it under your bed. With Cryptocurrency there is no way to be considered the most reliable.

[Klausi]

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.

doesn't the OP ask for an exchanger? everyone also knows that saving money in a bank is the safest thing, but how can a crypto currency be stored in a bank?
I suggest that the OP choose an exchanger who has trusted security.

I don't think bank will make our funds safer, because bank is capable to declare bankruptcy which you're not safe to withdraw all the money you have. Only the insurance of the deposit will be yours as part of the agreement. However, storing your fund with crypto cannot be robbed as long as you kept it in your confidential wallet; specially your private keys will be the most important in order to havr full security of it.

[playboy654]

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?

Stick to bigger exchanges if you want to keep your coins there for continuous trading. Most big exchange like binance offer tighter security like smaller or new exchange sites. But the safest and most advisable would be to get yourself at least your own wallet for now. Don't keep your coins in exchanges. If in case things went good and you have a budget for it, secure your funds through a hard wallet.

Yes I agree with your. Stick and with only a bigger exchanges will definitely help you to make your funds more safer exchanges and choosing your hard wallet is also most important for a person to store his funds in most secured place.

[ryap12]

Don't hold your coins at any kind of exchange site. No private key no coin. it's the rules and you have to believe it. Try to hold your coin at desktop or hardware wallet. you can also use an online wallet but online wallet have a huge risk. you can be lost all of your assets at once. I would suggest you for Bitcoin use Electrum wallet. For ERC 20 use MEW or trezor wallet.

And only keep your funds on exchanges IF you are doing trading. Withdraw whenever possible and store them to a wallet which you personally own where you control the private key or mnemonic phrase. A highly recommended wallet are hardware wallets where you don't need to input private keys or pass phrase. You only need some sort of PIN or password to give authorization to access it. Whenever not in use, always unplug it!

[KnightElite]

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?

The exchange that you should use have high security for you to ensure the safety of your funds. Research about the exchange and its team behind. Research also the comments and reviews of the traders who used that exchange. In that way you can ensure that the exchange is reliable or not.

[LUCKMCFLY]

The best option is to diversify, one part in bank, another in cash, in crypto, in shares of the stock market and if you can in some business, I think that the golden eggs should be put in many baskets, because you do not know what can happen in the world

[wuvdoll]

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?

Exchange for keeping your funds ? Please take time to educate yourself for using the services on their intended purposes alone. If you "misuse" them then you may face disasters at any time. I like to suggest you to use combination of bitcoin core and electrum to have effective cold storage wallet. Electrum to watch and send where bitcoin-core for generating and being the actual cold wallet.

The best option is to diversify, one part in bank, another in cash, in crypto, in shares of the stock market and if you can in some business

It seems like you're talking about securing your all types of funds but OP is concerning about his crypto savings not just fiats. Still I agree, we must need to diversify the mode of savings too. This principle of effective investments is applicable to everywhere and not just with investment opportunities alone.

[kakonhat]

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?

Storing crypto with own private key is safe like MEW. Another hand there are more secure to store crypto in hardware wallet like Trezor, Ledger Nano s. I used the exchange site to store my crypto but now I am thinking it's not a good idea to hold.

[wendiar19]

Binance you can keep it but even that exchanges site is safe  is safe better to keep it to mobile wallet for more safety or more secured. Necause we don't know when the hackers attacks the exchanges site but we still know the binance is secured exchanges site but we can prevent losing incase that hackers attack so keep it to the wallet that you trust that you know your coins is secured and no one can access your account except to you.

you should not save too much of the assets that you have in the exchange because it will make you lose the assets you have and the market has the potential to scam as an example of exchanging hacked cryptopia so you have to be more careful.

[Omega Weapon]

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?

Exchanges not meant for storing it is only for exchanging your funds so if you are storing there means then it is your mistake.Wallets are the one we need to store our funds and the type of wallet will choose the security level and if you want maximum security then you should buy an hardware wallet.

It is odd but many people never learn that lesson until the exchange in which they are storing their coins gets hacked and they lose all their money, as the name implies an exchange is only meant to be a platform that allows you to exchange your coins for others but after that we should get our coins out of the exchange to the security of our wallets.

[Caladonian]

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?

Exchanges not meant for storing it is only for exchanging your funds so if you are storing there means then it is your mistake.Wallets are the one we need to store our funds and the type of wallet will choose the security level and if you want maximum security then you should buy an hardware wallet.

It is odd but many people never learn that lesson until the exchange in which they are storing their coins gets hacked and they lose all their money, as the name implies an exchange is only meant to be a platform that allows you to exchange your coins for others but after that we should get our coins out of the exchange to the security of our wallets.

It keeps repeating itself, most of those who store their coins inside exchange are hoping to easy up the process and avoiding transaction fees, not knowing that chances of being hacked is always there no matter how they trut the exchange, we should all practice to remove our funds after the exchange already executed to protect our investment.

Learning it from the hard way is more regretful than taking some delays and paying for some fees.

[Clark05]

There some exchanges that until now not experienced hacking because they have secured security compared to other and that is bigger exchanges site like Binance one of the most trusted exchanges site now and even me Im confident my money and token and altcoin is very safe but even that Im holding my coin to also mobile wallet and the half will be in the exchanges site.

[Forbiddenone]

If you are big investor then best thing for you is hardware wallet ,other than that do not store private key or seed on computer.and if you are small trader then you can store your fund in exchange that has no security breach in the past and provide additional security to your fund.

[shirackjs]

My favorite exchange is binance, but you shouldn’t be storing coins in exchanges. Exchanges should be use for trading.

I suggest you to get a hardware wallet, it is secure and user friendly for newbie. And you can get one for less than $100. Please get from the official website, you can research from Ledger and Trezor.