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Author Topic: How to protect your token's  (Read 709 times)
Eildosa
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October 21, 2019, 09:28:24 PM
 #101

I agree with you. Security is the very first thing we need to worry about when we start dealing with cryptocurrency. Because in most cases, we are to blame for the loss of our funds.

Dreamr
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October 21, 2019, 10:53:21 PM
 #102

I think the best way to protect your tokens is by using the hardware wallet, the wallet that is completely off-the-grid. Both bitcoin and altcoins wallets often get hacked for using insecure secure networks. So the best to stay safe by using the offline hardware wallet or save your private key on the offline drive.
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October 21, 2019, 11:11:56 PM
 #103

You must always be careful when using crypto wallets, Minor negligence can harm you and even you will lose all crypto assets in your wallet. The security of your crypto assets is entirely your responsibility, so try to improve the security of your wallet, so it is not easily hacked by people who are not responsible.
Don't download it carelessly. because exposed in an application found a dangerous virus or malware and of course this can make our wallet burglarized by hackers. if you can have a laptop that is specialized for wallet only and not for everyday life

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amulaamula
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October 22, 2019, 09:50:16 AM
 #104

the common mistake all of us store the key on computer, and we should not do this, keep it far away from the computer such as external storage
clickerz
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October 22, 2019, 10:03:09 AM
 #105

Without saying much, the safest way to protect your tokens is by using a hardware wallet. In situations where you can't afford the hardware wallet, keep the private keys of your app or web wallet safe, do not share it, because it is a sensitive information. Avoid clicking on phishing sites.

So far, thats the only way viable today. Buy a hardware wallet if you can,its portable and convenient. Back up your private keys onpaper, laminate it and keep it in a safe place, a vault if you have. Much better if your private key is not on your personal computer,just only use it if need arise. Just leave some funds on your exchanges for daily trading, and keep all tokens on your hardware wallet, that way you are not always/frequently retrieving your funds on your hardware wallet.

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October 22, 2019, 10:25:12 AM
 #106

The best way to really keep a token safe is for one to really make use of a hardware wallet, they are the safest now, wallet like Nano ledger has been in existence for a very long period of time, and none of them has ever failed any of their users as they are quite very difficult to get hacked, and the only way that such wallet can get hacked is when the owner is loosed with it and allow it to get to the hand of the hacker directly.

Another way I feel is also safe to keep one's key from hackers is also to use a paper wallet, with paper wallet, you can decide to keep your codes in a safe and secret place that will ever be difficult for anybody to see it. One cannot trust friends with paper wallet the way cryptocurrency has been exposed to everyone now.
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October 22, 2019, 04:16:19 PM
 #107

I agree with you to keep tokens/coins safe. But it's better to secure it using a hardware wallet.
But many people do not know the hardware wallet well. So I still agree with you but hardware wallet can be a safer solution.

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SaidNurs
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October 22, 2019, 04:43:38 PM
 #108

There are lots of people who shouted for help every time i open the forum lots of them are scammed, lost a key for their wallets and more,
here are some tips that you can do to avoid this kind of incidents
1. Keep your keys for wallets in a secure place where you can easily access but others can't
This is the number one rule of thumb for me keep it in a safe place that accessible by you but not to other people
2. Never share your passwords to anyone
Remember even the closes person to you can turn you down sometimes, and hit you really hard when you don't expect
its okay to trust people around you but there should be a distance or a position where in okay you can't know everything about me its
too personal.
3. If you keep your keys codes etc in your computer make sure you always have a backup a clone for the drive to be safe.
This is the last one for me but this should be at first procedure you should do first always keep your backup because we all know
you don't know when your computer encounter a problem specially windows , which a lot of users are using ,
there you go this are some simple steps that can be done i hope this can help you keep you codes and keys safe every time

Yes, I agree that you represent all the major parts of how to protect tokens. Back to yourself, the key to privacy is the important thing that must be maintained, it is access to save the hard work that has been done, so it is wise if you have it

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ardentvolcanoes
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October 22, 2019, 04:48:19 PM
 #109

Without saying much, the safest way to protect your tokens is by using a hardware wallet. In situations where you can't afford the hardware wallet, keep the private keys of your app or web wallet safe, do not share it, because it is a sensitive information. Avoid clicking on phishing sites.

So far, thats the only way viable today. Buy a hardware wallet if you can,its portable and convenient. Back up your private keys onpaper, laminate it and keep it in a safe place, a vault if you have. Much better if your private key is not on your personal computer,just only use it if need arise. Just leave some funds on your exchanges for daily trading, and keep all tokens on your hardware wallet, that way you are not always/frequently retrieving your funds on your hardware wallet.
Keep it safe in the eyes of anyone, hardware wallet will help you to be more protected as long as you will not share any information and you will avoid using your system online.

Protecting your assets needs you to make more extra effort in finding ways to add security not just to relied with what is available but to extend to find more ideas.
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October 22, 2019, 04:59:16 PM
 #110

I agree with you to keep tokens/coins safe. But it's better to secure it using a hardware wallet.
But many people do not know the hardware wallet well. So I still agree with you but hardware wallet can be a safer solution.
It's not that people don't know about hardware wallet but most of the people having a hard time obtaining one. The price is quite high for most of people not to mention that the majority of people using crypto still being dominated by people who just owns few bucks in their wallet. People are still in early stage of using cryptos except the experienced whales. Also people coming from less developed country usually need to import these hardware wallet and face the hard time dealing with the taxation so basically not viable solution for worldwide users.

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October 22, 2019, 06:18:19 PM
 #111

I do not discuss my private keys to others and that's why it is safe. I also use wallet that have high security for me to be sure that hackers can't hacked my funds inside my wallets.
agree with your opinion because it is very important and avoid to surf on sites that we do not know to avoid theft of our wallet and the safest store in our external devices that have key access or code that only we know because security is our own

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October 22, 2019, 06:22:06 PM
 #112

It is very easy to keep your coins safe, just don't do anything wrong. You will be exposed to any kind of hacking only if you do something wrong. So I think the spirit of this thread is wrong. We should talk about Don'ts instead of Do's.
Just don't expose your private keys in any compromised situation and your money is safe. No need to set 2FA, encryptions, buy hardware and other bla bla. Make sure to access wallet in secure condition and no one can touch your money.

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October 22, 2019, 06:28:54 PM
 #113

1. Keep your keys for wallets in a secure place where you can easily access but others can't
This is the number one rule of thumb for me keep it in a safe place that accessible by you but not to other people
There could be some times in which people are giving phishing links that will download a virus and then steal information from you. So beware. This is why people does not recommend putting your private key onto your mails.

2. Never share your passwords to anyone
Remember even the closes person to you can turn you down sometimes, and hit you really hard when you don't expect
its okay to trust people around you but there should be a distance or a position where in okay you can't know everything about me its
too personal.
You're right this is somehow should be considered. Nobody knows your death this is why you should consider telling this to your close ones.

3. If you keep your keys codes etc in your computer make sure you always have a backup a clone for the drive to be safe.
Make sure to hide it on a folder and to a folder and to another folder for security.

Keep safe everyone! The only person that can protect yourselves is just YOU!




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October 22, 2019, 06:30:07 PM
 #114

If you are holding a huge amount of different altcoins, i suggest to make a wallet for each of them even if they use the same blockchain and store the privatekeys on different USB or ledger (if you're rich) so if ever one of your wallet get hacked then they can't get all your funds, easy as pie Smiley

 
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October 22, 2019, 08:37:50 PM
 #115

I want to add a little something that could help you secure your private keys better.. you should store your private key in telegram cloud storage, to better secure it, activate 2fa in your telegram account to ensure that it cannot be accessed by another person even if they hack it.

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October 23, 2019, 02:33:46 AM
 #116

There are several ways to protect your token from scammers or hackers, or from yourself by losing it.
I always save my wallet information such as addresses, private keys, in some files and password it.
To prevent phishing, we need to careful about the link in the email we received, and the website we use to open wallet.

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October 23, 2019, 04:24:08 AM
 #117

I want to add a little something that could help you secure your private keys better.. you should store your private key in telegram cloud storage, to better secure it, activate 2fa in your telegram account to ensure that it cannot be accessed by another person even if they hack it.
Terrible idea, you are trusting a third party with your coins, if you are going to do that then hold fiat and store it in your bank and hope they do not take that money away from you, when it comes to crypto there are many different solutions but all of them must revolve around the same concept, you should be the only one that stores your coins and knows your private keys, if you do not do that then you will always rely on a third party and how trusted they can be with your money.
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October 23, 2019, 06:40:18 AM
 #118

I want to add a little something that could help you secure your private keys better.. you should store your private key in telegram cloud storage, to better secure it, activate 2fa in your telegram account to ensure that it cannot be accessed by another person even if they hack it.
Terrible idea, you are trusting a third party with your coins, if you are going to do that then hold fiat and store it in your bank and hope they do not take that money away from you, when it comes to crypto there are many different solutions but all of them must revolve around the same concept, you should be the only one that stores your coins and knows your private keys, if you do not do that then you will always rely on a third party and how trusted they can be with your money.

Agree, it's better to keep it in our own place that is not connected to the internet such as on an external hard drive or using a hardwallet. Using third-party storage is very vulnerable and in my opinion keeping private on the internet is a dangerous thing for the security of the coins we store.
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October 23, 2019, 08:13:05 AM
 #119

I want to add a little something that could help you secure your private keys better.. you should store your private key in telegram cloud storage, to better secure it, activate 2fa in your telegram account to ensure that it cannot be accessed by another person even if they hack it.
Terrible idea, you are trusting a third party with your coins, if you are going to do that then hold fiat and store it in your bank and hope they do not take that money away from you, when it comes to crypto there are many different solutions but all of them must revolve around the same concept, you should be the only one that stores your coins and knows your private keys, if you do not do that then you will always rely on a third party and how trusted they can be with your money.

Agree, it's better to keep it in our own place that is not connected to the internet such as on an external hard drive or using a hardwallet. Using third-party storage is very vulnerable and in my opinion keeping private on the internet is a dangerous thing for the security of the coins we store.
risk will always occur in every solution when storing our crypto assets.even in external drive or using hardwallet have risk too.sometime we dont know when we open it and connected to internet , virus could penetrate into these hardware.the thing we have to were , carefullly and make sure everything is okay when we access wallet.this is the main key for our wallet security.

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October 23, 2019, 08:18:35 AM
 #120

I want to add a little something that could help you secure your private keys better.. you should store your private key in telegram cloud storage, to better secure it, activate 2fa in your telegram account to ensure that it cannot be accessed by another person even if they hack it.
Terrible idea, you are trusting a third party with your coins, if you are going to do that then hold fiat and store it in your bank and hope they do not take that money away from you, when it comes to crypto there are many different solutions but all of them must revolve around the same concept, you should be the only one that stores your coins and knows your private keys, if you do not do that then you will always rely on a third party and how trusted they can be with your money.

Agree, it's better to keep it in our own place that is not connected to the internet such as on an external hard drive or using a hardwallet. Using third-party storage is very vulnerable and in my opinion keeping private on the internet is a dangerous thing for the security of the coins we store.

Hard wallet is a good idea but there are risks as well because it has to be kept in a safe place wherein nobody else should have access to it as if someone just misplaces it by mistake then it will be a big issue and moreover there are higher chances of losing it. I still prefer storing it online but it should be stored somewhere which is not prone to be hacked or lost like draft folder of your email and trustable cloud storage as not all the third party application lacks security.

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