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Author Topic: How do you protect your digital coins?  (Read 1944 times)
TastyChillySauce00
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July 23, 2019, 11:09:33 PM
 #201

The very first step to protect your crypto is to store them in hardware wallets, paper wallets, or cold storages.

Keep these tips in mind as well:

  • Keep your information private and avoid public WiFi networks that are an easy target for hackers.
  • Always use strong passwords and add 2-factor authentication for all of your accounts.
  • Store your cryptocurrency on multiple wallets.
  • Always use a password manager, so you don’t use an old password.
  • Do not post your email address, home address, or phone number on social media.
  • Keep your antivirus up-to-date to avoid downloading malware.
  • Don’t forget to backup your wallet periodically.
  • For cold storage wallets and backup wallets recovery seed at home, keep them in a fireproof safe.  



I am not sure if having multiple wallets is gonna  be a good practice though. I mean you could just have two wallets, one for your hodlings and another one for your tradings. Unless you're like a crypto businessmen then I think it is quite applicable, just don't put it in online wallets wherein private keys aren't handled by you and don't hold your coins inside of an exchange, people should already know that but I am still hearing a lot from people losing a lot of their coins due to hacks in the exchanges they're trading at. I've read in Reddit that people recommended Keeper as their password manager in anything though.
having multiples wallets is a good practice only if you capable of mantaining it. Even hardware wallet nowadays always randomly change the address of your wallet right? that is to avoid someone lurking on your wallet and if you have multiples wallets the chance you get hacked and lose all your money will be reduced.

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smartbitcoininvestor
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July 24, 2019, 02:53:25 AM
 #202

I would put my digital coins and cryptocurrencies into a reliable Bitcoin wallet, preferably a hardware one. That way you will know where your coins are physically stored and also how you can access them digitally when you want to. USB and Bluetooth are both convenient methods for reading data and you also have the option of a paper wallet. Alternatively, I would store and hold the digital coins within a Bitcoin IRA to protect my 401k or existing IRA from an upcoming economic disaster.

bryant.coleman
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July 24, 2019, 02:59:51 AM
 #203

I protect them with a Ledger hard wallet but that said, some of the ECR 20 tokens are not accepted on the Ledger.  So I am stuck having to use a online wallet.

I think you are talking about ERC-20 tokens, and not ECR-20.

Native support for ERC-20 is not available in Ledger. Can't blame them. A lot of the developers have complained that storing tokens in the Ethereum platform is very risky and the funds are vulnerable to hacks and robberies. Ledger team has stated that the ERC-20 platform is not stable enough for them to allow it in the hardware wallet.

But there is another way of storing ERC-20 tokens in  Ledger. You can store the tokens in a third party application such as Myetherwallet and then store the private keys in Ledger. This is not very user friendly, but I don't think that you have any better option right now.
Little_king
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July 24, 2019, 04:41:21 AM
 #204

Everyone knows which wallet is more save than one and where dey could store their coin that will not have bad effect of been hack or stolen which I think will not be a good question to be asking here as many hacker are out there trying to study how and ways to could use to break security of wallet and if you are telling a story of ways you used to keep your coins here then you are giving a way to penetrate the system for hacker.

So I will advice you to just be cautions of what you type here or say.

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The3max
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July 24, 2019, 05:30:27 AM
 #205

I think that online e-wallets are safe by security keys and using third-party codes. On the erc20 platform and the blockchain of btc is safe, I have never seen a successful hack on the foundation of erc20 or btc. But always make sure you keep your computer safe. It can be compromised by external factors

Hypnosis00
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July 24, 2019, 06:33:36 AM
 #206

I think that online e-wallets are safe by security keys and using third-party codes. On the erc20 platform and the blockchain of btc is safe, I have never seen a successful hack on the foundation of erc20 or btc. But always make sure you keep your computer safe. It can be compromised by external factors
Nha, online wallets are prone to any hacking events, it is better to secured our coins in offline wallet. But anyway, it is all about how we manage our wallets. Using different PC's or laptop could lead into something we don't want to happen and indeed, it happens to a lot of holders.
It could be the best to have our own PC's and don't let others touches it.
Vishnu.Reang
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August 04, 2019, 03:52:21 AM
 #207

cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?

All you need to do is to take a few basic security precautions. If 2FA is enabled and the private key is properly backed up, then the chances of your coins getting stolen or lost is close to zero. If you still want to be sure about the safety of your coins, then hardware wallets are available from $100 to $300, depending on the specifications.
Xalata
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August 04, 2019, 09:03:34 AM
 #208

I prefer to keep my digital coins in my wallet rather than exchanges. Because in my wallet, I have access to the password and other things that will keep it safe. The exchange management is beyond my control and anything can happen when I keep my coin there.

nankers
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August 04, 2019, 05:06:59 PM
 #209

cryptocurrency market started to grow day after day, and everyone now started to own coins, so the question now which come to all the coin's holders , how to protect your digital coin from losing, stealing, hacking, etc ?
for my big amounts, i use hardware wallets, google authenticator and only use my private internet to open my wallet. and also i always check domains network, is secure or not. and for new coin/token (project) i use web wallet like metamask,mew or similiar like that. if you still confused, is available on github guide for newbie to protect they asset

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