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Author Topic: How to keep your funds secured?  (Read 22636 times)
Naida_BR
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April 22, 2019, 08:21:10 AM
 #181

Keeping your funds to be secured in exchange you just need to enable the 2fa authenticator and having a strong password just don’t be stupid logging in and clicking so many stuffs that can easliy caused you by hacking

Still this is not enough and your funds can be under attack easily.
Your key or password can be stolen with a phising link or something similar, and last but not least, exchanges can be hacked and you may lost the coins that you have stored in there. Hardware wallets are the best solution right now in my opinion.
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April 22, 2019, 08:58:52 AM
 #182

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 and Kucoin are 2 exchanges with excellent security level. Besides, they also have the function to order stoploss. Supporters are available 24 hours to assist you and you won't worry about your coins. but fee transactions are higher than other exchanges, you can consider this.

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April 22, 2019, 09:26:57 AM
 #183

Keeping your funds to be secured in exchange you just need to enable the 2fa authenticator and having a strong password just don’t be stupid logging in and clicking so many stuffs that can easliy caused you by hacking

Still this is not enough and your funds can be under attack easily.
Your key or password can be stolen with a phising link or something similar, and last but not least, exchanges can be hacked and you may lost the coins that you have stored in there. Hardware wallets are the best solution right now in my opinion.
Hardware wallets are the best ever but becareful while choosing your wallet there are some sites selling used wallet so if you are storing your cryptos on it the old user might still have the keys so can retrieve on new devices and you will lose everything.









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April 22, 2019, 01:27:47 PM
 #184

Basically you need to be careful in storing your files and data. Password authentications and safety locations of your hard files and soft copies in USB. Keepsafes should be locked and possibly you should have cctv's to review any uncertainties.

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April 22, 2019, 01:42:34 PM
 #185

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 am using Binance, bittrex as a secured exchange. It is very secured. I am using these exchanges even when it was 2017. By that time, I didn't have any problems regarding those exchanges. And if I may add, Yobit is one of the exchange I use. This forum is telling everybody about this exchange is scam but whenever I got coins from airdrop, this is where I sell my coins and there were no problems. Go on your own risk.




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April 22, 2019, 02:12:55 PM
 #186

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.
I really waiting for that new Ledger Nano X because on Nano S there is not to much space for a cryptocurrency wallets, sad but true.
Ledger Nano S still has the best support from MEW and I advise you not to change this wallet. Although using the Nano S is very inconvenient because it has to be constantly updated but if your property is valuable those updates will help you avoid many unnecessary risks. In my opinion, the first thing to participate in this market is to find a safe wallet or find safe exchanges like Binance to keep the money in the best way.
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April 22, 2019, 02:33:33 PM
 #187

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 am using Binance, bittrex as a secured exchange. It is very secured. I am using these exchanges even when it was 2017. By that time, I didn't have any problems regarding those exchanges. And if I may add, Yobit is one of the exchange I use. This forum is telling everybody about this exchange is scam but whenever I got coins from airdrop, this is where I sell my coins and there were no problems. Go on your own risk.
No exchanges were safe to keep your funds so don't suggest any exchange to keep their coins,it is meant for trading when the trading done it should be moved to wallets.

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April 22, 2019, 02:40:37 PM
 #188

I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets

If you can somehow register for an account on one of the Japanese exchanges that have a proper license, you should,,, mainly because all deposits there are guaranteed by deposit insurance. I cannot so I do not know how good it is, but I assume Japan is a good model. Otherwise you have no choice if you trade, you have to trust exchanges.

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edmundduke
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April 22, 2019, 02:46:17 PM
 #189

Keeping funds secure really depends on what you are planing on doing with them. If you plan on keeping funds for a longer hold then you need to get them into a wallet you control. Best would be to a hardware wallet.
If you are actively trading tho, then sometimes it is better to leave the coins in open orders (i know it is risky, but by the time you send them to the exchange the pump might already be gone).
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April 22, 2019, 02:49:22 PM
 #190

I often use bittrex and lbank to trade. I do not choose large exchange because its transaction fee level is quite high and the steps to implement the transaction are quite complicated. Lbank and Bittrex have all the security essentials for your peace of mind.

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April 22, 2019, 03:47:11 PM
 #191

Keeping funds secure really depends on what you are planing on doing with them. If you plan on keeping funds for a longer hold then you need to get them into a wallet you control. Best would be to a hardware wallet.
If you are actively trading tho, then sometimes it is better to leave the coins in open orders (i know it is risky, but by the time you send them to the exchange the pump might already be gone).
Longterm holding is right we needed to use waller that we think that's secure. All of my wallet now is mobile wallet but bwfore I trust to this wallet I research about it and I already use that since I joined here at cryptocurrency. Open orders can have advatanges because you have target value once they reach it they will buy and sell the coins automatically.
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April 22, 2019, 04:21:06 PM
 #192

First check and choose the best wall information. Then hold and save the coin safely. If hold the long time. Check the wall balance every time. Always active your account wall and connect the mail in the wall. Don't share the any wallet Information. Safe to use.

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April 23, 2019, 01:08:53 PM
 #193

I don't think exchanges are the best place to keep your funds secured use wallets and keep your private key safe its more secure than keeping your funds in any online exchange turn on security settings if you are a active trader there are many reputed exchanges but I still recommend using wallet.
The word keep means it could be for long term, and I don't trust exchanges for that, even the reputable one.
Get yourself a hard wallet so your assets will be safe, you have to spend for that but the risk of losing your money is minimized.
It is quite to used hard wallets for the safe keep but it is not available in our area or it cost a lot when we buy it into the other place.
I don't want to spend for that much just for the security, in fact the security of our funds are just depending of how we handle our account and even it is store in any hard wallets.
I totally agree with you, It is not everyone that can afford to buy a hard wallet, and it does not mean that those that are not using hard wallet has been scammed or exposed to security. Like you said, everything really depends on how we handle our accounts.

Some of us are so careless with our account and the security details, recently, someone tried cracking my crypto Gmail password, which he succeeded, but I was saved because of extra security measured I put in place. Like 2 factor authenticator and confirmation by phone before getting in. These features too are all available in these wallets, just that many of us do not pay attention to it, we get burn and we start shouting insecurity.
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April 23, 2019, 02:03:10 PM
 #194

I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets
if you have a large asset, keep it in a safe wallet like a hardware wallet. if you are a trader then you have to be good at sharing your funds, and save a few percent in exchange for just a short term investment, and don't forget to use 2fa for each account that you have
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April 23, 2019, 04:29:50 PM
 #195

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 keep your funds safe then buy a hardware wallet like Trazor or Nano Ledger .
It would be the safest wallet to use and don't leave your crypto on online wallets because they are prone to hacking .

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April 27, 2019, 05:33:07 PM
 #196

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's hard to say that which exchange is secure or which is not. Yes, it's better way that if your collect your crypto big exchange like Binance, OKEX, Kraken etc. But before you do please notice there security system. And If you choose desktop wallet for your crypto then this the great idea for safe your coin/token.
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May 02, 2019, 04:33:56 AM
 #197

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 keep your funds safe then buy a hardware wallet like Trazor or Nano Ledger .
It would be the safest wallet to use and don't leave your crypto on online wallets because they are prone to hacking .
The ability to hack online wallets is very low because they are raising higher security to create safety for investors. I think using wallet online will not be a problem if it is a Coinbase or Blockchain because these are the top 2 wallet I often use to keep my assets. Of course, Ledger will still have the hard wallet that I need to buy if I have many important assets to keep for the long term so the possibility of hacking will be very unlikely if I know how to secure my property.

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May 03, 2019, 12:45:02 AM
 #198

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 keep your funds safe then buy a hardware wallet like Trazor or Nano Ledger .
It would be the safest wallet to use and don't leave your crypto on online wallets because they are prone to hacking .
The ability to hack online wallets is very low because they are raising higher security to create safety for investors. I think using wallet online will not be a problem if it is a Coinbase or Blockchain because these are the top 2 wallet I often use to keep my assets. Of course, Ledger will still have the hard wallet that I need to buy if I have many important assets to keep for the long term so the possibility of hacking will be very unlikely if I know how to secure my property.
In the evolution of technology, security is very complex. It is very important to make safety and security as the topmost priority. It appears that almost every single day there are reports of major hacking . As the number of hacks increase, consumer desires for security increase as well. There are multiple factors of vital safety and security practices that can help protect funds. Secure your wallet, it is best to find a wallet with security measures. Users should always have at least two digital wallets for trading/transactional purposes and used for storing savings. Additionally, make it a habit to use a password manager and strong passwords.


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May 03, 2019, 02:34:41 AM
 #199

Being secured online is comes first in ourselves. We should first know what is the basic security online, like how we can easily identify some malicious online, for example identifying some phishing site or fraud online. Also, if you are worried about exchanges, there's a lot of exchanges already hacked so it's really hard to select a good one in terms of security. You can check this, to help you be secure online :
[GUIDE] Use this for identifying Scam/Phishing/ Websites & Exchanges in Crypto
[GUIDE] How to Create a Strong/Secure Password

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May 03, 2019, 03:06:07 AM
 #200

I recommend saving assets in the hardware wallet, but the question is whether you are trading daily or trading monthly, if daily you can use large markets such as binance, huobi, okex etc., but if you trade monthly, I recommend keeping the wallet hardware and  when you trade you can directly send to the market and when you profit send again to hardaware wallet, don't save too long in the market, if you are worried about your assets

indeed to be able to store assets that you have that are safer you can store them on hardware but when your assets don't have a large amount it doesn't really matter, you store them in a wallet like blockchain.info or on myetherwallet, don't ever store assets in place the exchange is too long because it's too risky.
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