How do you protect your cryptocurrency from thefts?

[TarunDis]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

[1714170184]

1714170184

[Herbert2020]

you shouldn't compare what happens to exchanges with what could happen to an individual user holding bitcoin. the exchanges are (in most cases) shady and their reports of hack is usually their own scam trying to rip off their users and best case scenario is their weak ass security.

a user however can easily use cold storage to store their bitcoin. all you have to do is
- download your favorite wallet that you trust and know is safe.
- verify its signature to make sure you have the right wallet not a malicious one.
- run it on a clean and offline computer (like on a live Linux offline)
- create a new wallet, then export a single private key or if it is HD wallet, export the seed phrase and print it on a piece of paper.
* it is best to encrypt it before printing it.
- send the coins you have to that address.
now it is safe.

[figmentofmyass]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

in 2 words: cold storage.

most people around here will suggest buying a hardware wallet like trezor or ledger, but i don't consider that true cold storage since the device is still connecting to the internet. (among other potential attack vectors)

i suggest having a set of coins in deep cold storage that won't be accessed for years. for everything else, you can set up an offline signing wallet using electrum that safeguards your private keys on an air-gapped computer.

[mk4]

The key is to hold the funds using a non-custodial wallet. That way, if you get hacked for some reason, it's solely your fault. If you hold bigger amounts of coins, definitely a hardware wallet. If you don't hold that much, a wallet like Electrum on your mobile wallet would suffice.

Spend a good amount of time in making sure you know the differences between different types of wallets.

• https://bitcointalk.org/index.php?topic=1631151.0
• https://cryptosec.info/cryptocurrency-wallets/

[prix]

But how do the crypto holders protect from hackers?
Do you use any special tools?

Cold storage is best (if you have a good backup), but if you actively trade, own different altcoins, have many registrations on different resources, then other measures are needed.

Checking signature of downloaded file, running nontrusted in sadbox or VM, using HIPS (host-based intrusion prevention system), firewalls, manually set DNS, Windows Applocker, restricted user, VPN, minimum set of extensions in the browser (adblocker necessarily), actual software version, using password manager with autofill and obfuscation, using bookmarks and checking addresses from different sources, using different computer for crypto, 2FA (and you should prefere something like TOTP instead of sms), hardware wallet, double cheking all critical info, etc.

[stadus]

Well, exchange are always vulnerable to hacking as that's where big money is stored, I suggest you buy a hard wallet so you will feel safe.
Just make sure you won't tell anyone that you are holding BTC because you can also be a target or robbery, we know that this world is full of risk and there are people who are willing to commit crime just to get a big amount of money from you.

I was able to suggest that you don't drag or let people you are holding bitcoin is because of this news:

https://news.u.today/news/norwegian-bitcoin-millionaire-proves-why-you-shouldnt-brag-about-your-crypto-riches

[Darker45]

• As everyone is saying, make use of hardware wallets. The most popular and trusted are Ledger and Trezor.
• If you do not trade, avoid storing in exchange wallets. They are more prone to huge hacking attacks since the money is there.
• Use all available safety features. Registering your contact number, your email, use 2FA, touch ID, etc. to hinder any unauthorized access.
• Do not entrust passwords, private keys, PINS, seeds, and other private information to anyone even family members and friends.
• Do not store any of these private information in your email or any online account.
• Be extra careful in getting into sites and clicking links, especially unsecured ones, to avoid getting victimized by phishing sites and malwares such as viruses, spywares, etc.
• Never ever give your private information to anyone, even persons claiming to be staff of your wallet provider.
• As much as possible store your coins in different wallets. One may get compromised but others are not.
• And finally, as a poor lurker in the collectibles section, why don't you try buying a loaded physical Bitcoin or bill? You'll have a beautiful collector's item plus you have a safe storage of your coins.

[NeuroticFish]

Yep, most secure is cold storage. For HODLers, paper wallet will do. And after that come the hardware wallets.
But while setting up correctly a cold storage or paper wallet(s) may need some tech knowledge, the solution at hand remains hardware wallets.
However:
* don't keep all the eggs in the same basket: split the funds between multiple wallets
* don't keep online the funds that you don't need online. Even if you go for the more expensive option - the hardware wallets - nothing is 100% safe. Keep some funds in a separate wallet (whether is hardware wallet or not) which you probably won't use in the next years. If one wallet is compromised, your main funds remain safe.

[jossiel]

What I do to avoid hack.

- using a ledger wallet (hardware wallet)
- not downloading unfamiliar apps from unfamiliar source
- never store huge amount on any exchange, yes even binance.
- never fill up spreadsheets
- not clicking links that I dont know

The other were mostly mentioned above.

[mk4]

- never fill up spreadsheets

Is there something I'm missing here? What's wrong with filling up spreadsheets? It should be completely fine unless you're unnecessarily filling in sensitive information.

[voltesbit777]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

So far I'm not using anything for now, But I am planning to buy nano ledger or hardware wallet at the amazon or Alibaba sooner or later for sure. But for now, if I know that I have a huge profit for what I did was I converted it into bitcoin going to fiat to become a real money, then put in my bank savings account. But once I have the nano or hardware wallet I will store most of my profit in it for sure.

[MonsterV]

There are many ways to protect our wallet from hacking, I myself only protect my wallet with cold storage. I use wallet only when I need funds for transactions and even then on a secure device. But if you choose to be more stringent security, please try using a hardware wallet because in my opinion, a wallet like that is very tight and safe. Maybe some of articles below can help you to find references and tips for securing your wallet.

https://bitcointalk.org/index.php?topic=3002655.0
https://bitcointalk.org/index.php?topic=2219544.0
https://bitcointalk.org/index.php?topic=5038829.0

[xvids]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

Use a hardware wallet if you would invest in crypto might as well invest in the safest wallet for your funds.
I am only using the exchange whenever I would trade my crypto's I don't really like to keep my crypto on them I want tobe the one who is responsible for my money.
So that if ever something wrong happens I know that it was on me and I wouldn't blame somebody else.

[BITDV]

I guest this is something diffrent between exchange wallet and personal wallet. Sometimes exchange warn us to not store all digital asset in their wallet, because they are worry too. Exchange is potential target to hack, if you trust exchange it was your fault.

I just use exchange to trade not to keep my coin and hodl because i dont believe them. Everytime i trade and got profit i will send to my private wallet except i want to double my capital in exchange. I protect my wallet with several way such as using hardware wallet and keep private key in my house.

I never publish my private address to internet, and my private address never submit to any platform on the net.

[Slow death]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

this is very strange, you are new here in the forum:

Name: TarunDis
Posts: 1
Activity: 1
Merit: 0
Position: Newbie
Date Registered: Today at 06:26:16 AM
Last Active: Today at 07:26:23 AM

but are you asking a question that easily on google and youtube has the answer?

for example:

go to google and type: " how do the crypto holders protect his bitcoin? "

see the result: https://www.google.com/search?biw=1264&bih=847&sxsrf=ACYBGNR76nJ8qki_4YMLo-LzCHNgT_Ciyg%3A1568225306289&ei=Gjh5XbqhEYS4gwfToIrADA&q=how+do+the+crypto+holders+protect+his+bitcoin%3F&oq=how+do+the+crypto+holders+protect+his+bitcoin%3F&gs_l=psy-ab.3..33i160l4.23420.32546..32859...0.0..0.321.3412.2-12j1......0....1..gws-wiz.......33i22i29i30j33i21.bHTtwdmcp2U&ved=0ahUKEwi6lrzCrsnkAhUE3OAKHVOQAsg4ChDh1QMICw&uact=5

and then you could search on youtube

[adzino]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

The special tool is your "brain". Don't act stupid and you will be fine. Don't fall for offers that sound too good to be true. Remember, no one is going to give you free stuffs for no reason. Be careful when browsing the internet. Make sure you download from legitimate sources when you have to download anything. Avoid pirated stuffs (at least avoid those from unknown crackers). Keep your computer clean and never share your passwords or any other sensitive information (like private keys and stuffs) with anyone.
Oh and never store coins in an exchange. No matter how much they claim they are secure, they are always prone to hacks.

[Mulann2]

You can also send it to a wallet on your mobile or desktop, write down the secret phrase on a sheet and keep in a safe place, uninstall the app from your device  - pc/mobile  if you are looking to hodl long term then just carry on with your life as usual,  this way your crypto is safe and you can access it whenever you feel like.

[bitbenzhong]

Put the assets in several cold wallets, private key physical storage

[kryptqnick]

Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?

Do you use any special tools?

I access the wallet I use from the link on my email to make sure I don't accidentally end up on the phishing website. I also use a multi-factor authentification system, and I feel fairly safe with it. I know some people prefer paper wallets or at least offline wallets, but I truly believe that the chance of my 2FA (actually, not just the 2FA) being somehow hacked is lower than the chance of me losing the papers with essential information or the drive where the wallet is. And besides, I use it on a regular basis, so it would not be convenient for me to access it otherwise. I lost my money once, but it was my mistake to use an Ethereum wallet that was considered pretty good back then but was not the most popular wallet (the owners decided to scam everyone at some point).

[boris2470]

Exchanges are centralized structures; you cannot know what fraud is happening inside. Therefore, storing crypto on the exchange is risky. Use cold wallets. In my opinion, you can use large exchanges in case of using small volumes of crypto, then you will not lose a lot of money in 'hacking' case