How to keep your funds secured?

[WillyZ]

Get your funds off an exchange, unless you are actively trading them. But as you are currently holding them on Localbitcoins I assume you are just holding your funds. In that case, there's no point in holding your funds on any exchanges, even if they haven't been hacked. Better safe than sorry. You can use secure hardware wallets (buy a brand new one from the official site, not a used one) or smartphones or computers that have been built for maximum security (BitWings is one company that is developing such devices). Many beginners and even more experienced crypto people forget that even though blockchain is decentralized and secure, most exchanges are not like this. Most well known exchanges are still centralized which means they are not as secure as you would hope to. Just look at the news.

[Lpim01]

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.

We know how prone to hacking if we are doing mostly in online transactions but it could be easy for us to access our wallets if stored it in our laptops.
But we should think that, securities of our wallets and keys it really matters of how we handled it, either we manage them carefully or letting somebody used it. If we are too careless of this things, there is a huge possibility that we lost them all in the near future.

[septi.JR]

saving lots of assets is indeed very scary, because the risk is very big, I suggest you start by buying wallet hardware, which I think is safer than exchange, nano legder is so safe

[fullhdpixel]

Get your funds off an exchange, unless you are actively trading them. But as you are currently holding them on Localbitcoins I assume you are just holding your funds. In that case, there's no point in holding your funds on any exchanges, even if they haven't been hacked. Better safe than sorry. You can use secure hardware wallets (buy a brand new one from the official site, not a used one) or smartphones or computers that have been built for maximum security (BitWings is one company that is developing such devices). Many beginners and even more experienced crypto people forget that even though blockchain is decentralized and secure, most exchanges are not like this. Most well known exchanges are still centralized which means they are not as secure as you would hope to. Just look at the news.

No one can say for sure that either a exchange is 100% secure or not.
But I do not that any exchange can claim their security as 100%. There are always chances for an exchange to be hack.
We do not any other option except to take the risk if we want to continue crypto trading. I hope that in future exchanges will insure their security more and more.

[cydrix]

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 already got hacked? What money would you move if you already got hacked? If you are serious about trading maybe you can start by speculating the famous exchange there is and if you think the one that didn't get hacked is safe you are also wrong about it. BTW visit the coinmarketcap website and find the best suited exchange for you. Good luck learning.

[whirlcoin]

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?

my first preference for securing the funds that we had in our hand will need a best wallet so it takes a long time to choose the best world will be the most important preference for me to take more security for my funds.

[Gaggy185]

If you wanna keep your cryptocurrency safe so at first you need to make sure that your computer is clear. After that you should set up 2FA for your crypto wallet or maybe you should buy a hardware wallet to make it's more difficult to be hacked. Although price of a hardware wallet is a little bit expensive but it's worth

[valheru]

You're doing definitely wrong. You should never keep your money on a stock exchange or on a coin sale website. What you're doing is like giving your money to someone on the street and going move away. Keep your money safe on the bitcoin USB disk. If you can't do this, you can keep your money on your own computer (this method is a little dangerous for the new ones, because if your computer breaks down, your money will go also. If you going to keep your money in your computer you should keep a copy of your private key and passwords in a secured place).
If you don't want to deal with them, the best method for you is to store them in an online bitcoin wallet. Select the most secure companies when choosing online wallets. Like Blockchain, like xapo ...

[Chinocshyp]

No exchange is safe. your best bet is to get a hardware wallet to store your funds. only go to exchanges if you want to buy/sell. But never store on exchanges. If you can't afford a hardware wallet, another option would be to download the offline client of MyEtherWallet and create your wallet offline. that way, your private key would never step online. Then, you can store you tokens on the wallet created offline. If ever you decide to use that private key online, take all your funds from it and send it to a newly created offline wallet.

Just make sure your private key never gets online. if it does, simply change wallet.

[airdagon]

My advice if you want to invest in long-term don't put your coin on an exchanger because in some cases Exchangers are often hacked by hackers, it's better to keep your assets in a hardware wallet, because it's safer from hacker attacks

[emberbekas]

My advice if you want to invest in long-term don't put your coin on an exchanger because in some cases Exchangers are often hacked by hackers, it's better to keep your assets in a hardware wallet, because it's safer from hacker attacks

Right, unless we trade daily, saving our coins in the hardware wallet will be good. Another option is to store it in our own wallet, through the application, instead of putting it on the exchange. And if we are daily traders, using only the best platforms from highly reliable exchanges is a must.

[Aivaryamal]

You need to keep most of your funds in your wallets and only if necessary to transfer them to the exchange

[hahay]

You need to keep most of your funds in your wallets and only if necessary to transfer them to the exchange

Yes, transfer it to the exchange only if you are going to trade and after the trade is finished you can withdraw the funds to your big wallet to keep everything safe. But if you use a famous exchange, I don't think it's a problem if you want to keep it there for a few days to reduce fees that might burden you. But still be careful!

[Coin-Desk]

It is very important to keep the funds safe. In order to protect the funds, you will first need to install a desktop wallet and place all your funds there. But install a desktop wallet on a computer where there is no Internet connection. Because of the Internet connection, the computer may be infected with malware and the funds may be stolen for it. So it's best not to have the internet. You can use Bittrex, Poloniex, and so to trade. In my knowledge, these have never been a scandal so far. So these are the best for trading. And in my opinion, Bittrex is the best one. I also used Bittrex.

Thank you.

[supine]

Most decentralized exchanges these days are hackable and we can't get rid of it. We should look for a secured exchange where we could store our coins safely. If you want to be sure of your earnings, you should keep your private keys secured and safe as well.

[goaldigger]

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?

Just dont divulge anything on internet most likely your keys. As much as possible ,dont log in on anything unusual or dont click any ads which can cause phishing and account hacking. We all know that there are a lot of people wanting to get money from someone's accounts. Dont be a victim.

[richmcrich]

saving lots of assets is indeed very scary, because the risk is very big, I suggest you start by buying wallet hardware, which I think is safer than exchange, nano legder is so safe

Yes, wallet hardware has been very secure in this case. Big investors, who hold huge assets, use this way to keep things secure. Besides, a two factor authentication is also very instrumental in this regard. There are people who got their two factor authentication hacked as well but their additional security had been strong enough to keep their assets secure. A small investor could also use the exchange to save the assets.

[Aivaryamal]

To carefully store your funds you need to carefully choose exchanges and wallets for storage, decentralized will suit better, since only you will have access to your funds

[oceantiger]

The security of your fund is so important to any token holder. It is good to use international exchanges to do your business. It is true that exchanges get hacked some times but exchanges like Bittrex , Binance, Kucoin and coinbene are so much loaded in their security systems. I advise you research further on any of them and use.

[nasipadang]

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 are doing it all wrong.
You said you have experience loss already with localbitcoins thru a hack and yet you still want to do it to another exchange.
Why not look for another option to keep your crypto currencies?

I suggest you go look for a cold wallet by now and afterwards we can give you some exchange that are trustworthy. But still I wont prefer to leave it there for a long time.

It is not really about the hack, for anytime it could happen to any exchange. It is about your security first. The very least you could do is value your money for now.

He is right, you have to think of other options to avoid hacking, you know even a large exchanger has also experienced hacking and this can happen at any time. So you are not advised to save your funds for a long time on an exchanger, then to save your funds in term the best time is the hardware wallet. While if you want to trade because indeed your initial goal is to trade, then you must accept the risk, but I am sure also the exchanger platform prepares the best security, just the suggestion of the bittrex exchanger platform.