Survey: 25% of crypto users not securing assets as well as they think

[kram31]

a lot of people just trade to get profit, and withdraw their profit to buy goods or something else not holders mate
thats why sometimes they ignoring to securing their assets

Securing our assets is one of the most important matter for the individual traders here in the cryptocurrency.
And were right, the majority of the community who do trade in any of the exchange is not aware for this king or type
of issue that they may encounter in the future in which is they shouldn't be like that.

[Mauser]

Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Jan. 13. 2021. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/01/16/survey-25-of-crypto-users-not-securing-assets-as-well-as-they-think/

Oh boy, 25% is really a lot. 1 out of people are not securing their coins properly. If you only hold a few hundred bucks it's probably fine to not worry so much about security. But now with the bitcoin price between 30 and 40,000 USD it becomes as huge security risk. At these price levels it's much more attractive for scammers and hackers to operate in the crypto world. We should all be more cautious these days and protect our portfolios.

[Yatsan]

Because not every cryptocurrency user is geek crypto.

Exactly the very good point to state. It is indeed that not all crypto users and other engagers here in the crypto world and technology geeks and have a very high expertise when it comes to crypto because basically many people do only know the basics and they are beyond into exploration of new learnings they can acquire along the process of getting to know how to properly use and keep their cryptos safe from possible hacks and even scams. Many people are already having a big trust into the storage they are using to keep their cryptos safe making them think they are safe already from potential harm. But it is also a must thing to do to be a responsible crypto user to secure your funds always and acquire storage that will ensure the safety of your information and cryptos.

[jerry0]

Has there been cases of users getting their crypto hacked in their coinbase/gemini/kraken/binance/bitstamp account though?  Assuming they have two factor authentication, wouldn't that be safe enough?  I did hear about that sim card scam thing... but could a hacker get into someone's coinbase/gemini exchange account etc?  Because if you could... well they could easily send the btc and other coins to their own wallet right?

[wxa7115]

And i'm the 75% of them... that's because the process of withdraw & deposit sound a bit complicated and that also incur a withdrawal fee from exchanges....? Please teach me... I'm really not  familiar with wallets. I guess there're also uncertainty on softwallets, so is it better to do it on decentralized softwallet (is there such a thing?) ? Or, a hardwallet but I've gotta make sure I don't forget the password for my lifetime?  

Securing your coins is not as difficult as it seems, if you get a hardware wallet and store your seed in a safe place then you are in better shape than most people, hardware wallets may seem difficult to use and the fact that you need to pay money for it when you can store your coins for free in any other wallet makes hardware wallets not very popular.

But whether or not you should get a hardware wallet should depend on the size of your capital, if you have 10x more capital than the price of the hardware wallet then you should get one and protect your coins as there are scammers in this forum that will try to scam you for way less than that.

[habo8]

Because not every cryptocurrency user is geek crypto.

Most of the cryptocurrency users 80% more prefer to store their crypto on some exchange and mobile wallets and some mobile wallets doesn't have any kind of feature feedback. They don't understand while holding some fund on the exchange can be potentially lose because the hack attempt because the hacker will be always attacking exchange not your personal wallet.

The price for hardware wallet was also one of the reason too.

holding crypto on personal wallet is more secure because on exchanges we could have any control and they can be hacked or scammed like cryptopia

[wxa7115]

Securing your coins is not as difficult as it seems, if you get a hardware wallet and store your seed in a safe place then you are in better shape than most people, hardware wallets may seem difficult to use and the fact that you need to pay money for it when you can store your coins for free in any other wallet makes hardware wallets not very popular.

But whether or not you should get a hardware wallet should depend on the size of your capital, if you have 10x more capital than the price of the hardware wallet then you should get one and protect your coins as there are scammers in this forum that will try to scam you for way less than that.

it can be difficult in situation you have forgot your private key so in the case of exchange can recover after some kyc.

I suppose that you actually meant seed words instead of private key because no one can remember a private key, to begin with that is a mistake, who in his right mind is going to store their coins and is not going to write down their seed words? Most wallets are going to tell you to write them down and if you don't then you do this at your own risk.

What you need to do is to make a backup of those words and that is relatively simple the only thing that you need to do is to write them in a piece of paper, I don't understand what's so difficult about this, and then you just need to store your seed words in a place that is not that obvious which is relatively easy because we are talking about just a piece of paper so you can hide it among all the documents that you have already.