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Author Topic: Always monitor your coins - Always be secured!  (Read 490 times)
ryzaadit
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May 13, 2019, 04:01:59 PM
 #21

I think the best way to secure your funds is choose a wallet with high security level and prevent storing on exchanges because some of exchanges now are not totally safe after the binance hack if you really want safety storing tokens/coins avoid to save on messenger or Email your private key
Just use a personal wallet, creating them with offline mode then you will be fine. Its a simple guide to storing your asset or maybe you can buy a ledger hardware. Using exchange its :
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Not your key, Not your crypto.

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joniboini
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May 14, 2019, 03:00:10 AM
 #22

I would rather suggest changing your wallet frequently.

That's not really required if you use a cold-wallet to store most of your cryptocurrencies. My set up is using two wallets, one hot wallet, and the other cold wallet. Most of my funds are stored on my cold wallet (if any) while my trading/speculation funds are stored on my hot wallet. As long as you don't expose the private key of your cold wallet, you don't have to change it regularly.

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May 14, 2019, 08:15:31 PM
Merited by mocacinno (1)
 #23

I would rather suggest changing your wallet frequently.
That's not really required if you use a cold-wallet to store most of your cryptocurrencies.
Not only is it not required, it's poor advice. If your security practices are poor and your wallet is insecure, then changing to another insecure wallet which you set up with the same poor practices won't help you. In fact, it might make matters worse - if you are constantly setting up new passwords, you are more likely to start writing them down or storing them electronically because you can't remember them.

One securely set up wallet is far superior to any number of insecure wallets. If you are unable to set up an air-gapped wallet yourself, then just buy a Ledger or a Trezor.
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