scambust
Legendary
 Offline
Activity: 1652
Merit: 1007
|
 |
August 29, 2019, 08:24:39 PM |
|
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
Yeah. First by phishing and then second by social engineering you to install their malware. Once active, your PC/phone is compromised. They can get any information from your device. In your case it would be a fake wallet install or a fake dex exchange that looks like ddex or switcheo. |
|
|
|
|
|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
cherryganda
|
|
August 29, 2019, 08:26:12 PM |
|
Dex exchanges are safe and good to use, you just need to connect your wallet with putting your private key! If you will search the website on the first time you might want to go to www.coinmarketcap.com first and go on the link there. that will keep you safe from many fake links online. |
|
|
|
|
jthor
Full Member
Offline
Activity: 154
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
|
|
August 29, 2019, 08:28:06 PM |
|
It seems to me that the exchange itself is safe. But at least I did not meet any problems there. But your wallets will always be the most vulnerable spot.
|
|
|
|
laskybok
Jr. Member
Offline
Activity: 315
Merit: 2
|
|
August 29, 2019, 11:38:00 PM |
|
Whether an exchange is centralized or decentralized, you should first do your research on it before using it.
Search for the name online and check what people have said about it or you go to cryptocurrency forums or discussion threads to ask about it, in order to be sure of what it is.
|
|
|
|
|
|
alt-fire
|
|
August 30, 2019, 02:18:01 PM |
|
Yes, it possible to stole your funds especially if you use private keys to enter your account for trading. Better use Metamask wallet or ledger nano S. It is the most secure ways to use DEX's.
|
|
|
|
|
matchi2011
Sr. Member
Offline
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
|
|
August 30, 2019, 03:01:46 PM |
|
Dex exchanges are safe and good to use, you just need to connect your wallet with putting your private key! If you will search the website on the first time you might want to go to www.coinmarketcap.com first and go on the link there. that will keep you safe from many fake links online. Making sure that you are using the right site is very important most of the time phishing sites are the one who's responsible losing your assets, even the site itself is safe but when you have been victimized by those hackers there's no chance for you to recover your assets anymore, they will control everything and surely emptied your wallet so make sure to have the right securities and precautions. |
|
|
|
max6575
Full Member
Offline
Activity: 1176
Merit: 100
Vave.com
|
|
August 30, 2019, 03:18:47 PM |
|
if interested to work of similar service as meta mask please contact us vivachesster from bandung indonesia
i am a hacker from bandung indonesia and will help every one to work of similar service as metamask
to sees of improvement on running modulation with the scripting on extended bridge with connection to mew server or more of use with functionality on following rules on api details of reference literacy.
|
|
|
|
|
jeraldskie11
|
|
August 30, 2019, 03:19:57 PM |
|
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
Since I started login my private key or my real wallet in a Decentralized Exchanges like etherdelta, fokdelta, Ddex, I didn't experience about losing funds between them. But I can hear saying that their funds get stole. So I think they did not notice that maybe they are login into the phishing sites, so be cautious all the time. |
| Peach
BTC bitcoin | │ | Buy and Sell
Bitcoin P2P | │ | .
.
▄▄███████▄▄
▄██████████████▄
▄███████████████████▄
▄█████████████████████▄
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████████████
▀███████████████████████▀
▀█████████████████████▀
▀███████████████████▀
▀███████████████▀
▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | Available in
EUROPE | AFRICA
LATIN AMERICA | | | ▄▀▀▀
█
█
█
█
█
█
█
█
█
█
█
▀▄▄▄ |
███████▄█
███████▀
██▄▄▄▄▄░▄▄▄▄▄
█████████████▀
▐███████████▌
▐███████████▌
█████████████▄
██████████████
███▀███▀▀███▀ | .
Download on the
App Store | ▀▀▀▄
█
█
█
█
█
█
█
█
█
█
█
▄▄▄▀ | ▄▀▀▀
█
█
█
█
█
█
█
█
█
█
█
▀▄▄▄ |
▄██▄
██████▄
█████████▄
████████████▄
███████████████
████████████▀
█████████▀
██████▀
▀██▀ | .
GET IT ON
Google Play | ▀▀▀▄
█
█
█
█
█
█
█
█
█
█
█
▄▄▄▀ |
|
|
|
HB Wallet
Member
Offline
Activity: 156
Merit: 14
|
|
August 30, 2019, 03:55:42 PM |
|
Technically, DEXs are safer than CEXs since most of them (like HB DEX) wont ask you for your personal data (KYC) and user funds are not gathered in one central point so it's virtually impossible for hackers to target. Connecting your wallet to a DEX is normal so don't worry. However, it's better not to place all your coins in just one single wallet if you don't fully trust where you connect with. |
|
|
|
|
|
Barbut
|
|
August 30, 2019, 04:12:38 PM |
|
DEX exchanges are safe cause you are using your wallet address to sign in and when the smart contract gets executed transfer of assets is done. For example, you have some coins in a decentralized exchange those coins are in your possession, in a centralized exchange the ownership of the coins is held by the exchange. You know that cause you have the private keys from your wallet, in decentralized exchange, you trade with your wallet, in any centralized exchange owners hold the private keys.
DEX is safer, but yet their volume is low, they are not popular like CEX. I believe that will change in the future.
|
|
|
|
|
EXtremeAEX
|
|
August 31, 2019, 01:55:01 PM |
|
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
I use the DEX exchange and I have never encountered security problems. Therefore, from personal experience I can say that for me this exchange is safe. The main thing is that you store your data (password, private key and mnemonic phrase) in a safe place. Also, make sure that you don't accidentally log in on a phishing site. To do this, immediately add a link to the official website of the exchange as a bookmark so that in the future you are sure that you are logging in to the official website. |
|
|
|
Nasonn
Jr. Member
Offline
Activity: 616
Merit: 1
|
|
August 31, 2019, 02:20:30 PM |
|
No it isn't as safe ywe all think. Idex was hacked sometime last year or so now if you're making a transaction during a hack on Dex, your wallets details can be compromised and you get hacked as well. Once a Dex is hacked, any one performing any sort of transaction at the moment is always affected despite the fact its individual wallet.
|
|
|
|
|
|
stoos
|
|
September 09, 2019, 09:05:38 AM |
|
Righ now there is only one TRUE DEX exchange. Block DX. The liquidity there is a joke, yes. But only you, lazy and stupid people are fold. Everyone likes KYC, exchange fees, regularly to be scamed and fucked. Well, that is your choice.
|
|
|
|
Burogh
Member
Offline
Activity: 644
Merit: 10
COVIR.IO
|
|
September 09, 2019, 09:38:49 AM |
|
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
Even though it's small, the possibility of someone else stealing our tokens is still there. But to be more secure, we create a new wallet that is separate from our main wallet and which is devoted to transactions at Dex exchangers. Alert is one of the keys to keep your coins or tokens safe from theft |
|
|
|
|
stoos
|
|
September 09, 2019, 10:52:43 AM |
|
why do we have to trade on DEX that we have to share our private keys
Who told you that? Kick ass that scammer! You need to trust (share your keys or similar) only to FAKE dex. Go to https://blockdx.co/ and check how TRUE DEX works. |
|
|
|
Impaler
Sr. Member
Offline
Activity: 826
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
|
|
September 09, 2019, 08:26:17 PM |
|
I think it is. Decentralized exchange are far better and secure than any centralized one. Cause in decentralized exchange you don't have to give your asset to anyone. You have your asset just you have to connect your wallet. But in centralized exchange you have to send your asset to an address you never have access. That's why its less secure. But most of the centralized exchange try best to keep this asset safe but still got into hacking. But if you are not in a pishing site then decentralized exchange is always secure.
|
|
|
|
|
dnsokoljuk
|
|
September 09, 2019, 09:03:58 PM |
|
Some DEX exchanges are safe but some specific and can stole your private keys. I think that ForkDelta is not safe but Binance DEX for now is safe. You should be very attended to choose DEX for you needs because a lot of them created to stole your funds.
|
|
|
|
|
|
kramchers
|
|
September 09, 2019, 09:07:22 PM |
|
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
Yes it is safe, as long as you are on the right link of the website. If you will be at the phishing website then you are dead. 1. Connecting your private key or wallet to DEX exchange is a must on that thing. - I use one different wallet connected on DEX and i just send the token/coins i want to exchange there. |
|
|
|
|
|
dataispower
|
|
September 09, 2019, 09:17:01 PM |
|
It's safe to use decentralized exchanges especially when going through the means you mentioned (metamask or trust wallet). Connecting wallet to a DEX doesn't affect your funds in any way, you still have control over your funds. Just don't keep importing private keys or mnemonic phrase to DEX, it's not safe this way.
|
|
|
|
|
|
nanaimogold
|
|
September 09, 2019, 09:37:45 PM |
|
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
Since I started login my private key or my real wallet in a Decentralized Exchanges like etherdelta, fokdelta, Ddex, I didn't experience about losing funds between them. But I can hear saying that their funds get stole. So I think they did not notice that maybe they are login into the phishing sites, so be cautious all the time. DEX are technically safer than CEX but not totally a hundred percenter because there has been a case of such hack where multitudes lost fund with Ether delta which led to some legal actions and fork to Forkdelta. So don't leave huge funds in wallets connected to an exchange |
|
|
|
|
