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Author Topic: How do you protect your digital coins?  (Read 1691 times)
MakeMoneyBtc
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May 12, 2019, 09:08:19 PM
 #81

I usually don't hold many bitcoins in my wallet so I don't worry that much about that and I keep it on a wallet on my phone. I the most convenient way to safely storage your bitcoin is to buy a hardware wallet and move your bitcoins there. This kind of wallet are pretty cheap this days and the risks of getting hacked are much smaller in comparison with any online wallet.

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May 12, 2019, 09:34:58 PM
 #82

I usually don't hold many bitcoins in my wallet so I don't worry that much about that and I keep it on a wallet on my phone. I the most convenient way to safely storage your bitcoin is to buy a hardware wallet and move your bitcoins there. This kind of wallet are pretty cheap this days and the risks of getting hacked are much smaller in comparison with any online wallet.
We can only use our phones if we are just holding BTC but if we are holding some altcoins, feel better to use MEW or hardware wallet.
It sounds to be expensive in purchasing hardware wallet and so some of us will stick in using online wallets.
Anyways, the most important is we have stored it securely.

 
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May 12, 2019, 09:36:36 PM
 #83

Your private key should be kept safe as well as your wallet. Try as much as possible not to connect your laptop to general internet connectivity that is shared since your information can be shared as well. Do not store your tokens on exchanges for long.

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May 12, 2019, 09:44:19 PM
 #84

To protect my coins I use:
  • Adblockers to prevent me from being lured into a trap which might lead to being phished
  • use metamask to block unverified crypto sites
  • Use 2 factor authenticator for login protection
  • I never reuse passwords
  • Never click unknown links
  • I always double check any copy paste crypto addresses to make sure clipboard hasn't been hijacked Cool
  • most importantly never share private keys with anyone not even your shadow Grin
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May 17, 2019, 09:09:27 AM
 #85

I think of cold storages. Also besides from keeping information safe you have to be careful with projects you decided to join and people you speak to, they may look friendly but it’s not always true.


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May 17, 2019, 01:03:26 PM
 #86

I personally bought and use Ledger Nano and i must it's a great hardware to have especially when you are not a trader but you are investing for long term.

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May 17, 2019, 01:49:16 PM
 #87

I think of cold storages. Also besides from keeping information safe you have to be careful with projects you decided to join and people you speak to, they may look friendly but it’s not always true.
Indeed, needs to be very careful when you are into this field, using cold storage is very design to protect your assets, you need to work with knowledge in every instances, your assets, your responsibilities so best to make sure on whatever you use any cold storage.

 
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May 17, 2019, 04:03:14 PM
 #88

I personally advice anyone who want to store coins to buy a hardware wallet even if is ledger or trezor or any secure hardware wallet, i use hardware wallet and always i not had any problem with.

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May 17, 2019, 04:37:38 PM
 #89

Protecting our own Cryptocurrency must be the same on what we feel about losing cash. We must be vigilant to see whether we are still looking at a safe website or are we using the proper websites that can trade and transfer cryptos. We must also place extra authentications if able because we can be sure that our cryptocurrency can be only accessed by us or by their own users. Cryptos are really hard to hack unless youre careless. Carelessness may lead to big losses and we can prevent that by thinking carefully.

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May 17, 2019, 07:43:51 PM
 #90

Just like you will not like to lose your physical asset or money, you cryptocurrencies in your wallet is equally a big asset and needs to be kept secured. I protect my wallet by saving the private keys in hard copies. I've never saved my crypto assets in exchange wallets but in my local wallet. It's hard to earn cryptocurrencies so it's worth securing.

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May 17, 2019, 08:13:17 PM
 #91

I prefer desktop wallets the best. 
the worst wallet I think out there is on steemit, such a public wallet and everyone knows your business

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May 17, 2019, 10:02:09 PM
 #92

isn't that obvious. hackers can steal those stuff which is accessible to you. maybe they will go for spoofing or cracking or anything but they do need your our your relative stuff's interaction. maybe wireless or physical so keep your wallets out of your reach. keep it completely offline and keep it somewhere where even doctor strange cannot find it. it's your coins and blockchain's motto is "BE YOUR OWN BANK"
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May 17, 2019, 10:16:03 PM
 #93

To avoid losing, hacking, stealing you need to buy a hardware wallet and you have to be careful about exchanges! Buying a hardware wallet is not enough if you use your phrase code on online! So, never use any kind of phrase code on online, write down in a paper!  And, you shouldn't use an exchange as a wallet, use an only hardware wallet. If you can't buy the hardware wallet right now, then you have metamsk wallet or imtoken, my suggestion is don't for Myetherwallet!

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May 17, 2019, 10:32:04 PM
 #94

I protect my digital coins by avoiding to store at the exchanges. I always secure every cryptocurrency I have hold. Using cold storage and nano ledger will help us to protect our keys and cryptos since hackers have to encrypt the data billion times before they can intercept. However, I know that they will not be interested in my wallet because right now, it does not have amount.

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May 17, 2019, 11:42:34 PM
 #95

There are plenty of techniques on how to do it correctly. In my case I haven't loss a single amount yet from my wallet and I am very happy for it.

A little trick for your money to be safe are : don't be greedy especially for the free money as someday it will lead you to revealing your wallet, think twice or more before deciding, don't ever reveal your private key, use a wallet that's been used by many, always check the URL whether you are in correct address to avoid being hacked and lastly don't be a fool instead be wise in every move that you want to execute.

 
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May 18, 2019, 01:16:46 AM
 #96

just don't save your digital currencies asset on the exchange for long time, If you have a plan to hold Digital currencies I recommend to always save them in the wallet like IMTOKEN For Ethereum/tokens, blockchain, coinbase etc.

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ranman09
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May 18, 2019, 02:36:25 AM
 #97

I usually don't hold many bitcoins in my wallet so I don't worry that much about that and I keep it on a wallet on my phone. I the most convenient way to safely storage your bitcoin is to buy a hardware wallet and move your bitcoins there. This kind of wallet are pretty cheap this days and the risks of getting hacked are much smaller in comparison with any online wallet.
We can only use our phones if we are just holding BTC but if we are holding some altcoins, feel better to use MEW or hardware wallet.
It sounds to be expensive in purchasing hardware wallet and so some of us will stick in using online wallets.
Anyways, the most important is we have stored it securely.

Though not suggested  most new people who has less holdings prefer to have their coins on an online wallet. And I think that is okay. As long as you find yourself still sleeping well at night. But if it came the time that your funds is large enough, it is best to invest in hardware wallets. Keeping your money away from any intermediaries is still the way to go.
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May 18, 2019, 05:32:41 AM
 #98

If this coin on base ERC-20, and you use MEW, are looking, to on phishing site accidentally not have reached and not transfer private key, but the best will of course to purchase hardware wallet.

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May 18, 2019, 05:59:08 AM
 #99

I myself don't really protect my digital wallet, I only use Google Authentication to protect it, because that's all I can do  Grin

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May 18, 2019, 06:03:47 AM
 #100

Your private key should be kept safe as well as your wallet. Try as much as possible not to connect your laptop to general internet connectivity that is shared since your information can be shared as well. Do not store your tokens on exchanges for long.

You are right, we shouldn't keep our tokens in the exchanges because we are seeing many hacks in the exchanges and this makes many people losing their money who are holding in the exchanges. Yes, we shouldn't connect our Laptop to the public network because the virus seems to be a lot in the public network.

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