How to keep your funds secured?

[Vishnu.Reang]

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 your coins in exchanges is the worst thing to do. You never know when these exchanges go down. It has occurred quite frequently, starting with Mt Gox in 2014, to the recent hacks of Bitfinex and Cryptopia. Why do you want to keep your coins in exchanges, when free online wallets such as Blockchain.com are available? If you don't mind spending $100, then you can go for a hardware wallet as well.

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[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?

Keeping your coins in exchanges is the worst thing to do. You never know when these exchanges go down. It has occurred quite frequently, starting with Mt Gox in 2014, to the recent hacks of Bitfinex and Cryptopia. Why do you want to keep your coins in exchanges, when free online wallets such as Blockchain.com are available? If you don't mind spending $100, then you can go for a hardware wallet as well.

If you can get a hardware wallet then go for it, storing your assets inside the exchange will always worry you for potential of losing your investment, always think before you go to any decisions in regards of securing your money inside this industry, remember that it's your money that you are securing.

[Distinctin]

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, save wallet in secured exchange like binance then install two authenticator security, after that your wallet is very secured. low chance to be hacked

Not so safe, 2FA is only a good security to prevent your wallet of getting hack, however if the site alone is hack, your assets are still in danger.
just like the recent report when Binance was hack, lots of user accounts are compromise but they got it covered with SAFU funds, what if no funds available next time?

[rizkyfebrian213xx]

I think you must keep your assets on hardware wallet or software wallet (on Windows / Linux / Android) , because exchanges are not safe anymore but not all exchanges.. just few of them. I said like this because I read article on few months ago , there was many exchanges got hacked like Coinbene , Cryptopia (and now closed) and also Binance , we know Binance is bigger exchange now than other but I read few month ago like 1-2 month ago Binance got hacked and user funds already replaced by Binance.

[Questat]

I think you must keep your assets on hardware wallet or software wallet (on Windows / Linux / Android) , because exchanges are not safe anymore but not all exchanges.. just few of them. I said like this because I read article on few months ago , there was many exchanges got hacked like Coinbene , Cryptopia (and now closed) and also Binance , we know Binance is bigger exchange now than other but I read few month ago like 1-2 month ago Binance got hacked and user funds already replaced by Binance.

No to exchange if you like funds secured, the best choice is a hard wallet, you need to invest for this to protect your investment.
When you put in exchange, it could be hack or the exchange itself will be hack, and your money is gone. When you put it on your deskstop wallet, it's also risky as malware or phishing is what you enemy here.

[sheenaedago]

A lot depends on whether you trade your digital assets daily and what goal you set in making a profit, if it is 200-300%, you can store it in your wallets, if you are a supporter of constant buying and selling, then you definitely need to keep them on the exchanges, otherwise you can miss the profit

All of the above is perfect and safe recommended ways to make our funds secure for trading needs. For my own preference I choose using metamask and save the seed phrase that I backed up in order to have an access by the time I wanted to transact all my holdings. It's simple and safe, you won't get rid of possible cyber attacks.

[kennen1113]

I think you must keep your assets on hardware wallet or software wallet (on Windows / Linux / Android) , because exchanges are not safe anymore but not all exchanges.. just few of them. I said like this because I read article on few months ago , there was many exchanges got hacked like Coinbene , Cryptopia (and now closed) and also Binance , we know Binance is bigger exchange now than other but I read few month ago like 1-2 month ago Binance got hacked and user funds already replaced by Binance.

No to exchange if you like funds secured, the best choice is a hard wallet, you need to invest for this to protect your investment.
When you put in exchange, it could be hack or the exchange itself will be hack, and your money is gone. When you put it on your deskstop wallet, it's also risky as malware or phishing is what you enemy here.

There is no need to exchange and store into hard wallets really is a guarantee for our property but perhaps we are worrying too much and this invisible pressure will create a lot of difficulties for us, especially when we are an investor or a trader, having no money in exchange will be a big problem, flexible capital is a necessary condition for us to use opportunities and optimization in this market, hard wallet will be a limitation. Although storing money in exchange can face many risks but that risk is only big for small and fraudulent exchanges while large exchanges will provide us with very high security.

[Pyrojason]

Paper wallets. Generated offline.

[Arkham Knight]

I would recommend for anyone to have a seperate computer for your surfing activities. The first one is going to be only used for accessing your wallets and making transactions for bitcoins and altcoins. Then the second one is for anything you want to check out un the internet and you will not worry so much if you accidentally clicked on a malware that will ask for money so you can save your file or will steal all your information because it is not there.

[iged_war]

I would recommend for anyone to have a seperate computer for your surfing activities. The first one is going to be only used for accessing your wallets and making transactions for bitcoins and altcoins. Then the second one is for anything you want to check out un the internet and you will not worry so much if you accidentally clicked on a malware that will ask for money so you can save your file or will steal all your information because it is not there.

that's good ways to prevent malware attacking our personal computer.sometimes we was not unconscious there are many virus or malware that could penetrate our computer system when we surfing in internet.just clicking any link and finally our balance gone.

[Xalata]

Its not safe to keep your money in exchanges for a long time. Cold wallets are much safer. I will recommend trust wallet, Mycelium wallet and Blockchain wallet if you have Bitcoin. Most exchanges have been hacked before so the cold wallets are safer.

[TheBusstop]

All exchanges are vulnerable to act so you need a wallet for your tokens. you definitely needs to get a wallet as soon as possible because attacks on exchanges are not expected. you might loose big when next they strike. there are nice wallets for every token you have. never use exchange for your saving.

[Nellayar]

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.

What? I don`t understand nor comprehend what you trying to say. It is just a little bit confusing because there is contradiction with your statement. But what ever your point of view, I think it s better to store coins at the safe crypto wallet. It is better if you have a ledger. Binance is the top exchange in the whole world, but we cannot say it never suffered from hacks. In fact, it was intercepted yet the technician return the site again. In any form of exchange, it is hard to store coins because they are prone in hackings.

[nowlscor18]

Its not safe to keep your money in exchanges for a long time. Cold wallets are much safer. I will recommend trust wallet, Mycelium wallet and Blockchain wallet if you have Bitcoin. Most exchanges have been hacked before so the cold wallets are safer.

Correct, there's no assurance of security on your funds if you choose exchanges to handle it. More prone scenario now is hacking of accounts which resulted to lost of investors money. Those recommended wallets is more safe, and if you're holding more coins always use wallet with encrypted seed phrase like metamask.

[Nhebu]

Many people are typically used ledger and metamask im order to protect their coins. Storing cryptocurrency at exchange may be lose since many exchange are already intercepted by hackers. Unfortunately, all of the assets of investors and traders have gone. That is why we should not store in exchange because wallet is more secured.

[Slark]

If you are going to trade every day, it is better to choose the exchange Binance. It is safe and quite popular. But if you rarely trade, it is best to keep your funds in your wallet. Keep them on the stock exchange in this case is not safe.

[Pyrojason]

Paper. Wallets.

Also a hot laptop, and a cold laptop.

The cold one never sees the internet.

[radambom123]

Best store in personal wallet

[Cryptostudio.info]

To be sure with the crypts you always use for Google Authenticator exchange accesses for each access and always make copies of the private keys that are provided by the exchange when you create the Google Authenticator key

[yvesp110]

To be sure with the crypts you always use for Google Authenticator exchange accesses for each access and always make copies of the private keys that are provided by the exchange when you create the Google Authenticator key

There are many ways to keep your funds secure. Of course 2FA is one way to do that. You should have a strong password that is not your name of your contact number of a mix of both. Having your funds on the best exchange can be guarantee of safety as well. In addition, you could also keep your fund in cold wallets that is not connected to any online source.