atjiat
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November 21, 2019, 06:11:14 PM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? Honestly, i have never experienced losing my funds or bitcoin because i keep all of my funds in a safe place, and i am using a ledger which is a hardware wallet that you can also used it through offline, that is why it will be difficult for hackers to access in this kind of wallet. It seems to me that storing cryptocurrency on the exchange, as the previous user spoke about, is a completely wrong act. This is very dangerous, because today cryptocurrency exchanges are often subjected to hacker attacks. Nevertheless, there is always a certain amount of funds on exchanges, especially if a person is involved in cryptocurrency trading and these funds are always at risk. But for example, the Binanse exchange has a certain fund with which it can cover all expenses associated with the theft of funds from a hacker attack. And I also want to say something that you can never be 100% sure of safety. I had not been worried about Myetherwallet before, because I considered this fortress impregnable. But once, all the money was stolen from my wallet and I don’t know how it happened. No one could get my passwords, secret key and file key. This is unambiguous. But the fact remains that someone got access to my wallet.
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hahay
Legendary
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Activity: 3458
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Leading Crypto Sports Betting & Casino Platform
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November 21, 2019, 06:27:37 PM |
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So far I have never experienced BTC being stolen or losing BTC in the wallet I used and hopefully I have never experienced it because I only use a wallet that already has a good reputation and popularity in the community. But about the coins that I keep on the exchange at least it's just stupid mistakes that I experienced such as forgetting my password and about the problems with the exchange itself, but all problems can still be resolved well even though it takes time to get a response.
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Xcode7
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November 21, 2019, 07:42:41 PM |
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I have never lost the amount of BTC because of the experience of some of the people written in the thread, I really have to thank those who provided a lot of information. if there are people who are still experiencing it, they should improve security measures in managing data
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bittraffic
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November 21, 2019, 08:04:42 PM |
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You can't really assure your coins is safe even if you have installed the wallet on your desktop or your phone, since the physical characteristic of these devices can still be access by someone who had accessed your private keys, its these private keys that you need to keep safe. Some are just making sure they won't forget the 12 words in their mind and they can now travel everywhere in the world with just that and they can access it after crossing borders.
One incident that I lost my coins is I lose my private keys and I believe many of us experienced this too. I don't have much to the wallet but its still a good amount to at least make me live for a month or two.
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coin-investor
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November 22, 2019, 12:29:30 AM |
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You can't really assure your coins is safe even if you have installed the wallet on your desktop or your phone, since the physical characteristic of these devices can still be access by someone who had accessed your private keys, its these private keys that you need to keep safe. Some are just making sure they won't forget the 12 words in their mind and they can now travel everywhere in the world with just that and they can access it after crossing borders.
One incident that I lost my coins is I lose my private keys and I believe many of us experienced this too. I don't have much to the wallet but its still a good amount to at least make me live for a month or two.
That's the beauty of Cryptocurrency, you can travel anywhere in the world and access your coins, you should be aware of all the risk involving in keeping all your coins be it in your wallet, in your phone in your vault but the best protection is your mouth and whom you trust if someone you know, knows about Cryptocurrency and private keys and he knows where you are holding it, then you are in trouble
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Oneandpure
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November 22, 2019, 12:38:24 AM |
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You can't really assure your coins is safe even if you have installed the wallet on your desktop or your phone, since the physical characteristic of these devices can still be access by someone who had accessed your private keys, its these private keys that you need to keep safe. Some are just making sure they won't forget the 12 words in their mind and they can now travel everywhere in the world with just that and they can access it after crossing borders.
One incident that I lost my coins is I lose my private keys and I believe many of us experienced this too. I don't have much to the wallet but its still a good amount to at least make me live for a month or two.
That's the beauty of Cryptocurrency, you can travel anywhere in the world and access your coins, you should be aware of all the risk involving in keeping all your coins be it in your wallet, in your phone in your vault but the best protection is your mouth and whom you trust if someone you know, knows about Cryptocurrency and private keys and he knows where you are holding it, then you are in trouble I have been stolen my bitcoin and altcoin assets during five year become crypto hunter and investor, I remember with how much assets stole safe on my etherwallet, I think have lost more than $200k exrn coin where price last two years high, maybe if not use one wallet for saving my altcoin assets maybe I will not lost all my altcoin, for the future I will keep safety my coin.
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whtchocla7e
Full Member
Offline
Activity: 392
Merit: 116
Worlds Simplest Cryptocurrency Wallet
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November 22, 2019, 12:55:43 AM |
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Previously, when I started investing in Bitcoin, I had many times stolen my BTC, but it was only a small number (under $ 100). I trusted a crook and traded with him. Besides, the airdrop program contains malicious code that made my computer controlled. As for BTC's blockchain technology, I don't think it will be hacked.
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IwantMoonBefore2020
Jr. Member
Offline
Activity: 98
Merit: 1
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November 22, 2019, 01:19:03 AM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? Everything is encrypted for 10 years in my old computer
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dimox
Legendary
Offline
Activity: 1610
Merit: 1003
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November 22, 2019, 02:17:10 AM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? poeple will said that wallet is the best place to store your coin. but in a fact, a lot of people store their coin or token on some exchange. it can be not secure, if they hack that exchanger, but when we thinking about it, exchanger also give security.
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karanggatak
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November 22, 2019, 04:08:50 AM |
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I'm thankful I've never experienced theft. I myself use the MyEtherWallet wallet and I always save my email, address and password and I also add my wallet with 2fa and also be careful when using it. Don't easily click links that you don't know about. and in my opinion if you have a fairly large amount of bitcoin it's better to keep it in a hardware wallet I think it will be safer.
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peter0425
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November 22, 2019, 04:30:36 AM |
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I'm thankful I've never experienced theft. I myself use the MyEtherWallet wallet and I always save my email, address and password and I also add my wallet with 2fa and also be careful when using it. Don't easily click links that you don't know about. and in my opinion if you have a fairly large amount of bitcoin it's better to keep it in a hardware wallet I think it will be safer.
maybe its good that next time read carefully the title and the OP before putting any post because sometimes it is annoying mate,it is clear that OP is asking about BTC and why MEW comes to the scene?funny right? poeple will said that wallet is the best place to store your coin. but in a fact, a lot of people store their coin or token on some exchange. it can be not secure, if they hack that exchanger, but when we thinking about it, exchanger also give security.
because people generally ar hardheaded and don't give a damn in any advises until they become a Victim,just after incident then they will realize the mistake they made but its too late already .
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
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Aying
Sr. Member
Offline
Activity: 784
Merit: 251
https://raiser.network
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November 22, 2019, 04:50:46 AM |
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I have never lost the amount of BTC because of the experience of some of the people written in the thread, I really have to thank those who provided a lot of information. if there are people who are still experiencing it, they should improve security measures in managing data
I never experience the same thing too. reading is our best defense to those kind of situation because we prefer security that earning a lot. many newbies has those bad experience because they are in hurry to become rich and did not looking at what bad things happen. we cannot blame them for what their doings because they want that thing to experience. so for now they learn and to those wise learn from mistake of others will avoid this losses in future. have knowledge is the best thing to do first.
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Watch out for this SPACE!
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Wintersoldier
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November 22, 2019, 04:54:41 AM |
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Before I write my comment it would be better if the title is "Have your BTC ever been Lost or stolen?"
alright, in terms of funds getting lost or stolen, there are many ways that we could consider why it happens. But personally, I couls consider my BTC funds lost or stolen way back before when I accidentally forgot my password in my account which contains a small amoubt of BTC i got from bounty. Though, for me, this will help bitcoin increase its market price since it will be forever lost, I still regret not writing and keeping my account.
So, I've decided to buy a ledger nano s to keep my funds safe. In addition I've written down the information and decided not to upload it on any cloud storage.
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crossabdd
Legendary
Offline
Activity: 1316
Merit: 1145
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November 22, 2019, 06:00:33 AM |
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to save my bitcoin, I use blockchain.com wallet how to choose a safe wallet. I made a review here, at bitcointalk.org, because in my opinion this is a good place to look for information about safe crypto wallets. Well saving on an exchange is not safe. because hackers can steal it, especially centralized exchange. I personally have never stolen my BTC. but my friend experienced it several times. it's just a personal mistake. my friend did not check the used wallet website. and it turns out my friend opened the phishing web.
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niisarearning
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November 22, 2019, 06:37:31 AM |
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Yews i am . Ilost my crypto holding particularly large amount of Ethereum from exchange one is Cryptopia another Etehrdelta . In Cryptopia i lost my ethereum holding other bitcoin and electroneum some other holding was not hacked still waiting for status of refund . Etherdelta i lost amount also invested in EDT token it was also became scam i lost lots from Etherdelta. My most of the loss because of exchange hack and Scam.
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topbitcoin
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November 22, 2019, 06:45:32 AM |
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Stolen and lost, so far i am still not experience it. I save my bitcoin in local exchanges and set 2fa in it. And for tokens, i save my tokens in Myetherwallet until now and make sure private keys not reveal to anywhere. I think people's suggestion will almost same, set 2fa, and anything else to secure our account. For me, i just hope exchange that i used to save my bitcoin not get attacked by hackers.
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piebeyb
Legendary
Online
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
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November 22, 2019, 06:49:46 AM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? of course store it in a safe place and not connected to the internet, if I lost I have experienced it but only a few in one of the markets and their sites were hacked so I was forced to lose my money there, although not much so I didn't ask for compensation because I know it's rather difficult for them to pay for other users' funds
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omfg.xekcep
Jr. Member
Offline
Activity: 798
Merit: 2
*** https://www.buying.com ***
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November 22, 2019, 07:14:21 AM |
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Evidently, everyone gotta take care of his own important private data himself not to be hacked and stolen. Pay attention that neither software developers nor administrators and maintainers of public online software services gotta worry about your data because they otta just develop software, administer and maintain systems and services. It means if you wanna keep your data in secret you should take care of it yourself. Well, to intensify security I have dedicated an old laptop with installed OS Linux for more security just only for keeping important secret data (such as keys and so on). Furthermore I gonna intensify security in the nearest future by encrypting the most important data. I am sure that intense cryptographic algorithms complicate any potential steals of my data although I would like notice that I am not an expert in data security so my comprehension of this field may be not completely right I understand and admit it but anyway I endeavor to protect my data.
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tianglistrik
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November 22, 2019, 07:41:53 AM |
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losing my wallet is very sad, but I never get that. I learned a lot from several people to do security on the wallet, the result I always try to be careful in saving the file
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milani
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November 22, 2019, 07:52:38 AM |
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I have never faced such a problem, thanks God or thanks to my diligence. But I know personally people, their wallets were attacked. And they lost a lot... even they followed the rules of using their wallets, did not kept any information about keys or something like that on the computers. After that they changed the rules of using wallets of crypto in the most fundamental way. Cold wallets, even separate gadgets only for work...and so on... Everyone should remember that your security and security of your assets in your arms only. Everyone should remember that it is better not to be too self-confident.
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