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Author Topic: I stop using some exchanges  (Read 1533 times)
Yarex
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February 19, 2019, 09:43:21 PM
 #101

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

To protect against hacking it is enough to observe the basics of computer security. And also do not store on one of the wallets all your coins and tokens. Never enter a large number of coins on the stock exchange, and as soon as you stop trading, withdraw money to your wallets.
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February 19, 2019, 09:53:59 PM
 #102

I already forgot when some serious exchanges was hacked. It seems to me that these are simply concerns from the past, when such cases were not uncommon. If you now trade on top exchanges with 2FA enabled, then nothing will happen to your money, unless you lose your deposit in a failed trading  Grin

irsykes
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February 19, 2019, 09:56:27 PM
 #103

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too
I think you maybe must look other skills, you can be writer or maybe something that will need your skills and you can earn money with it. Not all people can be trader, include me maybe because i always panic and loss in trading activity, but i look other things that i can do like be bounty hunter.

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PuertoLibre
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February 19, 2019, 10:03:33 PM
 #104

I already forgot when some serious exchanges was hacked. It seems to me that these are simply concerns from the past, when such cases were not uncommon. If you now trade on top exchanges with 2FA enabled, then nothing will happen to your money, unless you lose your deposit in a failed trading  Grin
I am not sure how safe is using 2FA especially for storing your crypto in exchanges. There are past incidents regarding account hacks with bypassing 2FA and hijacking phone is not difficult for professional hackers in my opinion.
Aponkye1
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February 19, 2019, 10:18:42 PM
 #105

Well i share your frustration mate...these days it is not really safe to trade on exchanges anymore. Day in and day out we here of several exchanges being hacked and people losing huge sums of money. I have heard about Ethershift Project and actually spared sometime to look at it. I think it's very cool and with numerous cryptocurrencies being deployed on the Etheruem network i believe transactions with Ethershift is very safe and quicker than with Exchanges.

Goodvalony
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February 19, 2019, 10:22:36 PM
 #106

changelly requires you to register and provide a username and password. it is accually a per to per website. it looks secure and cool. transaction might still take time to take place as this could be a problem. they might eventually run out of tokens to exchange but it is a nice platform to use.
aioc
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February 19, 2019, 10:35:19 PM
 #107

In the first place, you should not use an exchange to keep your coins only use it to trade there are so many exchange hacking going on because hackers knows there's huge money to be made here, but centralized has the most volume compared to DEX.

AimHigh
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February 19, 2019, 10:44:52 PM
 #108

How did you say that the exchabge was hacked? In the first place the value right now was not good and it stable on low so that if you are trader you should know when you buy and sell if you are for short term trading but as i suggest because of the low value you should choose the long term term trading buy and hold until the value was rise again.
mrxdaunknown
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February 19, 2019, 10:47:25 PM
 #109

Well i share your frustration mate...these days it is not really safe to trade on exchanges anymore. Day in and day out we here of several exchanges being hacked and people losing huge sums of money. I have heard about Ethershift Project and actually spared sometime to look at it. I think it's very cool and with numerous cryptocurrencies being deployed on the Etheruem network i believe transactions with Ethershift is very safe and quicker than with Exchanges.

Yeah I did the same, looking for a secure Exchange with no personal information and found Ethershift too. You just swap for example ETH with a token you want, you get it directly into your wallet and thats it. No account or password needed (or kyc). I dislike exchanges (like coinbase) which needs a know your customer thing. And of course it´s always safer to have your coins in your wallet instead on an exchange...
Bonsaiav
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February 19, 2019, 10:48:54 PM
 #110

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

We cannot judge that every exchange that uses a profile, email and password is easily hacked, the evidence to this day is that there are still many people who continue to use some of the existing exchanges out there, because they feel comfortable. But, I just heard there's a new exchange that only supports p2p, I think the "Log In" method like this's a new breakthrough.

BlueStackz
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February 20, 2019, 02:22:31 PM
 #111

Some exchange was hacked and millions dollars are vanish. But rest of exchange still good and there has so many coin to trade. I have no experience of p2pexchange.
Yes. Some exchanges are not worth using. We have had history of exchanges through which transactions and investment have caused people huge losses. So, it is wise not to deal with such exchanges and rather look for a good one. There are of famous exchanges one among those is coinbase which is very secure and could be made use of in European countries and US.
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February 20, 2019, 03:22:02 PM
 #112

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too
I think this is a not exchanges issue. This is a your security  issue. Because if you not use 2FA or other secure methods for exchange your account will be unsecured. But i agreed with your other problem of Phishing attack. Lot of peoples are lossed thire money with this phishing attack.

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Shakreen
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February 20, 2019, 03:25:00 PM
 #113

in my opinion, the world's integrity throughout time has always evolved, sometimes as great as the security of a website can be penetrated too ... yeah we as account owners should be more vigilant about all forms of piracy, especially from email or phishing websites, suspicious links, protect our account with google AUTy or change your pin / paswood periodically it is also important
Dobby070
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February 20, 2019, 03:29:42 PM
 #114

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

Basically you should be strict and choosing the best exchange in the market. You should take into consideration even the spelling of the website that your are entering. In that case, you can be fully secured about phishing sites.

nik9990
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February 20, 2019, 04:11:00 PM
 #115

you will never be insured against it, but you should choose exchanges with a high level of trust

sheenshane
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February 20, 2019, 04:26:48 PM
 #116

you will never be insured against it, but you should choose exchanges with a high level of trust
High reputed exchange site is most likely traders want. Well, if you really wanted to have high security in trading and could not lose and risk trying different exchanges then it would be fine to stick with your current trusted exchanges platform. But it is a part of our starting industry. Our industry in cryptocurrency is still at the stage of developing and we have to try things as well. But I can actually advise you to at least
check the reviews first before trying an exchange platform for more secured risk.

Trading in different exchanges is really complicated too that you have to be careful because they have different pricing range. Let's say they only have a small scale of differences but it counts still.

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digitalblock
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February 20, 2019, 04:30:27 PM
 #117

Any exchange you use can be hacked by hackers, you should be aware of this, new exchanges are usually always poorly protected from hacking, so hackers try to hack them.
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February 20, 2019, 04:53:15 PM
 #118

If you are never selective with the type of exchange you use, you might end up losing a lot of money.
Aside that, when it comes to trading, some skills are required, which if you do jot have, you might get frustrated with it.
Then start trading with the amount you can afford to lose, which is also applicable to investments.
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February 20, 2019, 05:11:37 PM
 #119

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too
Perhaps they are safe , but I think serovno need to be able to diversify trade on different exchanges , and the more for example on the binance liquidity of coins is much more than others

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February 20, 2019, 05:14:49 PM
 #120

I am waiting for a good decentralized exchange. For example, the creators of the exchange Binance will soon release such a stock exchange. But now I just keep on the exchanges that part of the funds that I trade. I prefer to trade on the exchange of Binance because there are very good volumes.

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