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Author Topic: Is there any way to out of this insecurity?  (Read 771 times)
Shasha80
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July 22, 2020, 08:58:41 PM
 #61

Therefore do not keep all the coins we have on exchanges, only keep what we will use for trading. The rest of coins that we have keep
in the hardware wallets, then choose popular and trusted exchanges. So when these exchanges are hacked, our lost coins can be replaced
by them. Don't forget to activate 2FA and use strong password. The last thing to prevent being a victim of hackers, don't just click the link
that we don't know. If all the things mentioned above are done correctly, we should be able to avoid being a victim of hackers.

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July 22, 2020, 09:48:07 PM
 #62

Therefore do not keep all the coins we have on exchanges, only keep what we will use for trading. The rest of coins that we have keep
in the hardware wallets, then choose popular and trusted exchanges. So when these exchanges are hacked, our lost coins can be replaced
by them. Don't forget to activate 2FA and use strong password. The last thing to prevent being a victim of hackers, don't just click the link
that we don't know. If all the things mentioned above are done correctly, we should be able to avoid being a victim of hackers.

This is mostly the common thing that people who are scared on hacking do, I also do this on my trading account. I don't make my asset sit on my trading accounts since there's always a possibility that it can be hacked, Though I don't have any experience of being hacked, it is my own safety precaution for myself not involved in any hacking activities. 2FA is a simple but really strong additional security, Most of my account has it. Of course, you need awareness of what's happening in the environment you're having at. If you're having a weird experience on your trading account or the device you use, It's better to check out the asset you have and make move.

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July 22, 2020, 10:38:38 PM
 #63

Insecurity arises because you are too paranoid so there is no safe gap in your mind.
All systems will indeed not be safe and have gaps, but you will remain safe as long as you follow all the rules, follow the safety instructions properly.

Hacking various kinds of sites such as Exchange sites is already common, it is the duty of exchange providers to continue to build strong security. Even Binance as the most popular exchange has now been hacked by hackers.

Never leave all your assets with an Exchange Provider, it will be very dangerous. Use your personal wallet, which is Hardware wallet which in my opinion will be safer.
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July 23, 2020, 01:56:34 AM
 #64

Never leave all your assets with an Exchange Provider, it will be very dangerous. Use your personal wallet, which is Hardware wallet which in my opinion will be safer.
It is what we need to do for our assets because we never know what will happen to the exchanges. If we feel insecure to keep our assets in the exchange, we need to move it to the personal wallet and don't risk your fund in the exchanges. That will be a side job too you, means, if you want to trade or sell the coin, you need to send the coin to the exchange, but that will be worth doing to prevent hackers.

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July 23, 2020, 03:56:43 AM
 #65

Never leave all your assets with an Exchange Provider, it will be very dangerous. Use your personal wallet, which is Hardware wallet which in my opinion will be safer.
It is what we need to do for our assets because we never know what will happen to the exchanges. If we feel insecure to keep our assets in the exchange, we need to move it to the personal wallet and don't risk your fund in the exchanges. That will be a side job too you, means, if you want to trade or sell the coin, you need to send the coin to the exchange, but that will be worth doing to prevent hackers.

It is not that easy for day traders to move their assets in and out of exchange anytime they want to trade, this is the more reason why exchanges needs to up their game in tighten the security of their exchange,
in most cases, traders have the majority of assets on exchange, an investor who just want to hold a coin should be wise enough not to leave the assets on exchange,
The best option will be to use dex but we all know dex has less volume than cex, it is not easy for day traders to use them, although they are more secure.

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July 23, 2020, 09:51:39 AM
 #66

Therefore do not keep all the coins we have on exchanges, only keep what we will use for trading. The rest of coins that we have keep
in the hardware wallets, then choose popular and trusted exchanges. So when these exchanges are hacked, our lost coins can be replaced
by them. Don't forget to activate 2FA and use strong password. The last thing to prevent being a victim of hackers, don't just click the link
that we don't know. If all the things mentioned above are done correctly, we should be able to avoid being a victim of hackers.
Some traders think that purchasing a hardware wallet is expensive and they can't avail it. If that's a problem to them, they can download those wallets for the coins that they have specifically for the desktop wallets where the security is better.
2FA is a must. It makes the security tighter if most of the coins are in the exchanges but for the sake of safety, newbies should stop keeping their coins in exchanges.

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July 23, 2020, 10:15:49 AM
 #67

Don't expect all cryptocurrency exchange to be same when it come to it security, some had the money to use while others don't. Mostly, the exchange we should be afraid of are the new cryptocurrency exchange and not some old exchange that has good reputations when talk about security. The likes of Binance and other good exchange should be embrace and use.
They don't  hack without a source, those hackers do carryout their dubious actions through compromised emails and systems, many had sometimes given out their social medias handles which had exposed them to hackers, they then use the opportunity to maliciously steal from their victims. To be safe in this cryptocurrency industry, ensure to hide your identities from hackers and always  double check your URL before imputing your data.

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July 23, 2020, 11:15:30 AM
 #68

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
just to clarify,Why are you becoming insecure?i mean what about the hackings?have you invested Huge amount?
The way you react seems like you have been a victim of hacking or you are a big investor that afraid to become a victim?

Lets just be realistic here.

Because  you  made us confused since the topic is very serious when we as long term Holders are very precise in our trust in this market.
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July 23, 2020, 01:14:49 PM
 #69

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
Even government sites get hacked.
Everything in the internet is vulnerable.
Have you heard about the recent Twitter hacks that scammed a lot of people recently?
There's no such thing as perfect security as long as you're using something under one's creation or code to be precise.

So for exchanges, regardless of how reputated it is, hacks aren't avoided.
That's why people are advised to not keep their money/fund/capital in an exchange wallet when they're not trading.
It's not your money when you put it in an online wallet because you don't hold the private key, remember that.
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July 23, 2020, 02:31:59 PM
 #70

Always try to develop and move forward
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July 23, 2020, 05:04:13 PM
 #71

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
just to clarify,Why are you becoming insecure?i mean what about the hackings?have you invested Huge amount?
The way you react seems like you have been a victim of hacking or you are a big investor that afraid to become a victim?

Lets just be realistic here.

Because  you  made us confused since the topic is very serious when we as long term Holders are very precise in our trust in this market.


Don't just look at the news because basically, a large exchange will remain safe from hacking, if you save more assets then you don't need to exchange because there are still many safer hardware wallets. I think that's enough for a solution.
So don't overdo it about what you think it might be what the OP is afraid of just looking at it from the news and its basics are still many who believe in the cryptocurrency market.

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July 23, 2020, 09:26:47 PM
 #72

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
just to clarify,Why are you becoming insecure?i mean what about the hackings?have you invested Huge amount?
The way you react seems like you have been a victim of hacking or you are a big investor that afraid to become a victim?

Lets just be realistic here.

Because  you  made us confused since the topic is very serious when we as long term Holders are very precise in our trust in this market.


Don't just look at the news because basically, a large exchange will remain safe from hacking, if you save more assets then you don't need to exchange because there are still many safer hardware wallets. I think that's enough for a solution.
So don't overdo it about what you think it might be what the OP is afraid of just looking at it from the news and its basics are still many who believe in the cryptocurrency market.
When it comes on securing out your money or coins then its suggested to pull it off from time to time and store it on the wallet which you do possess the keys but there are really people whom do prefer on parking out their coins on exchange wallets because they dont like the hassle on making transfers from time to time.

When certain situation or incident happen then thats the time they do realize that even on the basic ways on how to secure their coins  is important.Trade of on the amount that you do actively use then
pull it out.

This is what im doing even im dealing or do make use of Binance platform.

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July 24, 2020, 01:00:08 AM
 #73

It is what we need to do for our assets because we never know what will happen to the exchanges. If we feel insecure to keep our assets in the exchange, we need to move it to the personal wallet and don't risk your fund in the exchanges. That will be a side job too you, means, if you want to trade or sell the coin, you need to send the coin to the exchange, but that will be worth doing to prevent hackers.

It is not that easy for day traders to move their assets in and out of exchange anytime they want to trade, this is the more reason why exchanges needs to up their game in tighten the security of their exchange,
in most cases, traders have the majority of assets on exchange, an investor who just want to hold a coin should be wise enough not to leave the assets on exchange,
The best option will be to use dex but we all know dex has less volume than cex, it is not easy for day traders to use them, although they are more secure.
Yes, it is not easy because they need time to moves the assets. While they move the asset and wait for the confirmation, they can run out time to sell at a high price, which can make them get lost. That is what we can do to prevent from saving all of the assets in the exchange. That can be a way to avoid hackers. I can't entirely agree that dex is the best option because it can be hacked too, as the cex. After all, there is no 100% safe on the internet.

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July 24, 2020, 05:27:05 AM
 #74

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
I have same story before when the hacking is rampantly happening and news  here and there are  constantly releasing.
But i realized mate?the more i am affected is the more i will lose the chance to make profit.
Yeah there are this hackers that given gift to overpower others but we are human also,we must find  ways to overcome our fears.
what i did?is protecting my wallet by using  ledger and  never to let my funds stays in exchange or gambling sites overnight.
this is  how i treat the Insecurities and now?i am good as new for the market.









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July 24, 2020, 05:44:38 AM
 #75

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
Well actually not only crypto related sites and exchanges. In general every sites are prone to hacking no matter how high the security is. For example binance, its one of the trusted and high security exchange, same goes to twitter recently.

Hackers/scammers are already existing long before so what we can do is to be more careful and not use an exchange as our wallet and choose a reputable one when we are planning to sell our assets.

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July 24, 2020, 07:43:06 AM
 #76

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
Just read those article about the convicted scammers that had put behind jail to satisfy yourself that the governments are doing their Jobs about these kind of people.

From that you will understand that this is part of every market,scammers and hacker are there because this proves how healthy this market and  profiting.

But don't worry this is isolated cases only  and there is once in a million victims.

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July 24, 2020, 10:26:51 AM
 #77


Don't just look at the news because basically, a large exchange will remain safe from hacking, if you save more assets then you don't need to exchange because there are still many safer hardware wallets. I think that's enough for a solution.

I think you are wrong, being updated and looking at the news is the most important part of crypto trading community because a lot of exchanges go through hack attempts and there are times when a particular exchange stops withdrawals like cryptopia did and those are the signals that hints towards an exit scam or being hacked so if you are not updated you might continue depositing money into the exchange and loose it all.

So don't overdo it about what you think it might be what the OP is afraid of just looking at it from the news and its basics are still many who believe in the cryptocurrency market.

Believing in the market is one thing and trusting the required process involved are two completely different aspects and you have to be careful and very active with your decisions because as we know crypto once hacked/stolen/lost cannot be recovered.
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July 24, 2020, 04:12:40 PM
 #78

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
This is not called insecurity. You are just being concerned about the safety of your accounts which is quite normal. Look, no matter how much secure the company claims they are , they are not! They are always prone to getting hacked (and I guess you have already seen it).
The only way to keep your coins secure is not not keep them lying around everywhere without any reason. If you are done with exchanging, just withdraw your coins and keep it somewhere safe. Preferably in cold wallets and hardware wallets. As long as the coins are being held by a third party, they are never safe!
Make sure to use every security layer they provide. Won't totally secure your account, but will at least keep it more safe than not using it at all.

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cryptothreads
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July 25, 2020, 03:24:55 AM
 #79

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.
Well actually not only crypto related sites and exchanges. In general every sites are prone to hacking no matter how high the security is. For example binance, its one of the trusted and high security exchange, same goes to twitter recently.

Hackers/scammers are already existing long before so what we can do is to be more careful and not use an exchange as our wallet and choose a reputable one when we are planning to sell our assets.
Once you have decided to enter this market, you should accept all the risks when investing as you will never be able to feel safe keeping your money in this market.

There have been many hacks in the past and most of them target large exchanges so use only half of your assets to invest. I also lost money many times in this market and most of it was my mistake when not checking.
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July 25, 2020, 04:47:35 AM
 #80

always use popular exchanges in crypto that already have good credibility for users.
Until now, although many exchanges have been closed, I feel that the popularity of crypto has not shown any decline. In fact, there are always innovations that collaborate with crypto to increase extensions in various industrial products.
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