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Author Topic: How to keep your funds secured?  (Read 22636 times)
Zalaster
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February 27, 2019, 08:37:26 AM
 #141

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?
Keeping funds in your account is wrong. This applies to any platform, you must remember this. Bittrex is known to block accounts, Binance also does this, and you can also be hacked. Keep coins using a cold wallet is the safest option. As for exchangers, I use services without registration, it is fast and safe. At the moment it is ChangeNOW, perhaps you should check it out.
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February 27, 2019, 08:52:31 AM
 #142

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?
Keeping funds in your account is wrong. This applies to any platform, you must remember this. Bittrex is known to block accounts, Binance also does this, and you can also be hacked. Keep coins using a cold wallet is the safest option. As for exchangers, I use services without registration, it is fast and safe. At the moment it is ChangeNOW, perhaps you should check it out.
It's a traders choice is in Binance exchange I also currently used this exchange so far so good. Always choose a reputable exchange than shitty one to avoid exit scam just like what happens on cryptopia exchange. Regarding your storing fund, always used hardware wallet and if you trade on exchange only a small amount that you can afford. Remember, don't put all your eggs in one basket.
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February 27, 2019, 09:07:58 AM
 #143

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?
Keeping funds in your account is wrong. This applies to any platform, you must remember this. Bittrex is known to block accounts, Binance also does this, and you can also be hacked. Keep coins using a cold wallet is the safest option. As for exchangers, I use services without registration, it is fast and safe. At the moment it is ChangeNOW, perhaps you should check it out.
It's a traders choice is in Binance exchange I also currently used this exchange so far so good. Always choose a reputable exchange than shitty one to avoid exit scam just like what happens on cryptopia exchange. Regarding your storing fund, always used hardware wallet and if you trade on exchange only a small amount that you can afford. Remember, don't put all your eggs in one basket.

In my own opinion their's no good exchange site to keep your funds safe in a long term why? Because the tendency to hack the exchange site are too high, always do a in and out basis in any exchange site to avoid losing your funds its better to keep your fund in a ledger nano.

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February 27, 2019, 11:33:26 AM
 #144

use a hardware wallet, which can give you better security than an online wallet. and next choose an exchanger that has a good reputation in terms of security. because the most important security is the security of the exchanger where you trade.

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February 27, 2019, 11:37:01 AM
 #145

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 think you should create an Myetherwallet account and create a MEWconnect wallet. It's a new wallet system and compared to the Ledger Nano S hard wallet, it has the same level of security as Ledger.
You will not lose money to buy Hard Wallet Ledger, MEWconnect can still help you protect your money.

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Omega Weapon
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February 28, 2019, 03:35:14 AM
 #146

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.
It is really ironic that the reason people keep their coins in exchanges is to save money on fees when the fees that you need to pay for a transaction are worth just a few cents but the losses that you can suffer are enormous in comparison, this is like all of those people that do not buy a hardware wallet and keep their cryptocurrency holdings in an infected computer only to lose it all.
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March 05, 2019, 03:47:29 PM
 #147

I store them not on exchange or any platform which has third trusted party. If you hold Bitcoin you can secure your funds in electrum or if you have multiple coins, you can choose the only open source multiwallet called Hodler. Both this wallet provides you your full control of the private key. This means no one can get your funds from you unless you misplaced the key.
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March 14, 2019, 08:52:32 AM
 #148

Can you recommend me a good exchange that hasn't been hacked yet?

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March 14, 2019, 06:13:51 PM
 #149

Store your money in your own local wallet man is just way too unhealthy to keep large amount of money in exchange and since you have lost before my advice is find a better wallet offline and keep your money there

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March 14, 2019, 06:19:12 PM
 #150

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?

Choose the top most exchanges like Binance, Hitbtc and Bittrex. But anything can happen from hackers even to a site which is much secured with its infrastructures. As an individual, one needs to activate the options provided by the respective exchanges like 2FA and etc. Have VPN installed in place as well. These would certainly secure your assets.
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March 14, 2019, 06:42:09 PM
 #151

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?

It is not at all safe to keep funds on exchanges, they can get hacked anytime, so the safest option is to keep your funds on Hardware wallet. If you don't want to spend money to buy it then free online can be a very good alternative like Blockchain. info for bitcoin and Myetherwallet for all your altcoins, they are quite safe.
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March 15, 2019, 05:25:05 PM
 #152

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?

It is not at all safe to keep funds on exchanges, they can get hacked anytime, so the safest option is to keep your funds on Hardware wallet. If you don't want to spend money to buy it then free online can be a very good alternative like Blockchain. info for bitcoin and Myetherwallet for all your altcoins, they are quite safe.
in my practice I know that the majority of cases in the loss of their funds are the wine we are the users. First of all, you cannot use the same device for wallets with cryptocurrency, as well as for surfing various websites on the Internet. You need to use different devices, and this will make it possible not to get any viruses or trojans. In addition, you need to be careful about phishing sites.
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March 15, 2019, 06:15:22 PM
 #153

Choose an exchange that has a large trading volume and of course has good security, of course. But now it is not the right choice if you choose to save funds in exchange because there have been many exchanges that have been hacked.
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March 16, 2019, 08:04:01 AM
 #154

Choose an exchange that has a large trading volume and of course has good security, of course. But now it is not the right choice if you choose to save funds in exchange because there have been many exchanges that have been hacked.
Nowadays many peoples are said exchanges was not secured to store our funds. I use Binance exchange it is completely secured with three factor authentication so still some exchanges are good to invest and trade the day to day investment.

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March 16, 2019, 10:56:59 AM
 #155

use a hardware wallet, which can give you better security than an online wallet. and next choose an exchanger that has a good reputation in terms of security. because the most important security is the security of the exchanger where you trade.
true and for security, if I use 2fa myself because by using the security until now my wallet has never been hacked. so security of the wallet is the most important and the main

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March 16, 2019, 11:10:23 AM
 #156

if to secure the proceeds from the crypto world, then half I will save in the bank and the other half I will make capital for trading and investment in the crypto market
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March 16, 2019, 08:03:24 PM
 #157

The most reliable way to store your funds in wallets, not on the stock exchange. If you are a trader, dont keep everything on the exchange, but keep only part of your money. This is to ensure that you are not left with anything, if an exchange will get hacked. In addition, it is also useful to use several wallets, this will also reduce the risk of losing the entire capital.

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April 21, 2019, 11:24:53 AM
 #158

I used to trade in Indodax, it was quite safe I think, there was never heard of hacking in Indodax, it's just that I don't know whether people outside Indonesia can trade there or not
and don't forget to use google authenticator and 2fa sms for email

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April 21, 2019, 12:03:07 PM
 #159

I used to trade in Indodax, it was quite safe I think, there was never heard of hacking in Indodax, it's just that I don't know whether people outside Indonesia can trade there or not
and don't forget to use google authenticator and 2fa sms for email
Letting your funds to sit in exchanges is the worst idea. You should take out your funds in that exchange and do a favor to yourself to buy a hardware wallet which is a physical wallet for cryptocurrencies that is more secure compare to the online exchanges and online wallets. It is worth every penny in exchange of the security that you will get.

 
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April 21, 2019, 12:26:23 PM
 #160

Don't save all your assets in cryptos, would be better you use crypto to trade according to the capital you need because considering the exchange there is a risk. but I think the exchange like Bitrex is one of the safest things since I traded in 2014 there was no problem.

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