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Author Topic: how add security to our bitcoin ?  (Read 402 times)
jaresmerel001
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December 05, 2020, 09:16:31 AM
 #41

You don't have a second chance to retrieve your cryptos once they're out of your control. So you pay for your defenses and have the right security procedures in place.

Always make use of 2FA.

Never leave your coins on the exchange for a long time - instead use your wallet.

Do not use the same password.

Triple check addresses before you send cryptos.

Inculcate the habit of logging out of wallets and exchanges once the transaction has been completed.
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December 05, 2020, 10:01:46 AM
 #42

Isn't coinbase and binance probably the best two exchanges if you want to keep coins there?
They are, but if you want to really secure your funds I would suggest to pull out your funds in both sites and transfer it to wallets like Ledger, electrum or Trezor. Just make sure that you activate all layers of security specially the 2FA and back up your wallet seed/phrase in a safe storage it would be better if you'll be storing it on a separate drive or write it down just like what I am doing. The most important part in securing your funds in any wallet/exchange is to be cautious on each of your action and avoid clicking stuff so you'll be safe from malwares.

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imstillthebest
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December 05, 2020, 10:10:11 AM
 #43

coinbase is a high profile crypto wallet and exchange . they are secure but you can add extra layer of security in your account by going on to account settings and setting up strong passwords , set up all possible 2fa , set up number and email  . not only that can make you more secure but coinbase will also trust you and you can have a less chance that they will block your account because of suspicious activity . you dont need to be scared to them but be more scared on the wallet and exchange that are not yet making a name . if you want to be anonymous use decentralized wallets but be sure to choose only the high profile ones
sapnu
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December 05, 2020, 06:45:03 PM
 #44

coinbase is a high profile crypto wallet and exchange . they are secure but you can add extra layer of security in your account by going on to account settings and setting up strong passwords , set up all possible 2fa , set up number and email  . not only that can make you more secure but coinbase will also trust you and you can have a less chance that they will block your account because of suspicious activity . you dont need to be scared to them but be more scared on the wallet and exchange that are not yet making a name . if you want to be anonymous use decentralized wallets but be sure to choose only the high profile ones
Coinbase is one of the famous crypto wallets as of now since they have high security and really keeping your bitcoin or any other cryptocurrency safe. That is why I am also using coinbase since it has a mobile application and I am using my mobile device more than I use my PC. So it is convenient for me to check my wallet if there's something wrong or if I want to buy some altcoin that is worth buying for. It has also a two-factor authenticator in which making your wallet more secure because you will set up that to notify you when you want to open it on the other device.
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December 05, 2020, 07:00:24 PM
 #45

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous
Coinbase have good security right now when some one else try to log in in your account will verify with device, almost when I try to log in coinbase always need authorize with my computer or mobile phone by sending email notification, later you will need to verify mobile phone code sent by coinbase, then you need to use 2fa for your coinbase account. I think is more enough how to make your coinbase account secure and not worry with how long you save your coin because keep safety,, but why not save your assets in offline wallet because will be more safety when you want hold for long time.

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December 05, 2020, 07:04:27 PM
 #46

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous
If you use coinbase mainly to store your bitcoins you can just use every security offers that coinbase provides. It's not really a smart move to store bitcoins regularly on an exchange. But If you have a bit of idea you can use non-custodial wallets for you to have full control of your bitcoins and do some precautions like safe browsing and not downloading random files over the internet, also not be baited by some "coinbase impersonators" that offer free bitcoin or whatever. There are many alternative wallets like a hard wallet that I personally used to store most of my bitcoins.
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December 06, 2020, 01:52:59 AM
 #47

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous
do not take too long to save money on the exchange, now there are many options for saving in offline wallets such as nano ledger or trezzor. so why bet your bitcoin on an exchange if the risk is so big
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December 06, 2020, 02:00:46 AM
 #48

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous
If you use coinbase mainly to store your bitcoins you can just use every security offers that coinbase provides. It's not really a smart move to store bitcoins regularly on an exchange. But If you have a bit of idea you can use non-custodial wallets for you to have full control of your bitcoins and do some precautions like safe browsing and not downloading random files over the internet, also not be baited by some "coinbase impersonators" that offer free bitcoin or whatever. There are many alternative wallets like a hard wallet that I personally used to store most of my bitcoins.

If you got that ideas and you understand the risk the chance of being hacked is small.

But if you don't have it and you are willing to learn more about it, securing your funds should be more secure using hardware wallet.
Better to invest spre money in buying those hardware wallets than keeping your assets inside centralized exchange. Learn more about it
and keep yourself protected.
Shasha80
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December 06, 2020, 04:40:59 AM
 #49

I think coinbase is already a safe place to store Bitcoin, because I rarely hear any complaints regarding security on coinbase.
Maybe you can activate the 2FA feature on coinbase, but if you have enough Bitcoin, you should move it to a hardware wallet,
which is much safer than coinbase or centralized exchanges.

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December 06, 2020, 05:11:10 AM
 #50

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous
The one thing you need to carry your bitcoin securely is a set of twelve words which is called your seed. That seed has a bunch of addresses connected to it which you will always have access to if you keep those 12 words securely. (Not so secure that you fail to retrieve them when you want).

There are different options to generate those words. The most user-friendly and straightforward method is to buy a hardware wallet (from a reputable source, not from ebay resellers).

The next simpler method is to install Electrum wallet from a verified link on your PC and let it make a SegWit wallet for you. That will give you a set of words as well as a file called "wallet.dat" (or whatever you choose to name your wallet). This will have a password associated with it. Generate it on a PC without any malware and use the addresses to receive your funds.

Doing wallets is a bitch in the beginning but as you get practiced, it becomes a breeze and enjoyable. With bitcoin, you are your own bank. That comes with the responsibility to learn and secure yourself.
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December 06, 2020, 05:28:38 AM
 #51

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous
Bitcoin always well for today  world. Coinbase is secure if you keep it two factor verified. Coinbase don't block any account if you create account right information and verification your id documents.

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December 06, 2020, 06:44:15 AM
 #52

If you're smart enough to use a computer, you're probably smart enough to learn how to have self custody over your funds and properly secure them: https://NotYourKeys.org

But not all people are willing to learn to secure their funds so don't expect that if they know how to use a computer, they are already knowledgeable about securing their assets.

OP asked a question concerning the security of his/her coins, and I gave a resource on how to do it. Would be quite foolish for OP to ask for opinions but not be willing to learn, right?

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December 06, 2020, 10:03:27 PM
 #53

Since you have stated that you certainly do not know about Bitcoin yet and it seems like you are not a trader as well, you better do withdraw your funds from Coinbase since it is an exchange and it can be prone for hacks to tell you frankly. Find a storage wallet where you can store up your Bitcoin and transfer it from Coinbase going to that wallet of yours. Exchanges are not storage wallet to start up and there are certain risks associated storing your funds within an exchange. But still it is up to you if you find Coinbase a safe place already because it is reputable and well known to be secured and reliable. Just tighten up your security by doing 2FA (2 Factor Authentication) so you will get notified once someone is trying to access your account. But it will be advisable to store it on a storage wallet rather than keeping it into an exchange if you are still not making use of it in an urgent.

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December 10, 2020, 06:08:57 AM
 #54

Don't leave your assets on any exchange. Especially not on Coinbase, pull out your assets from the platform and store them in a hardware wallet. This will keep it secure. If you don't want to buy a hardware wallet then go for reputable desktop wallets.
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