Best practices to prevent hackers from stealing our crypto assets

[justdimin]

Even if there are many methods to avoid harmful attempts your funds/wallets there is no better way that can beat hardware wallets. When you write its seed to paper and put to secure place it just never leaks online.
For exchange side, best method is to never deposit coins there. Exchanges are there to trade (buy/sell) not to use as crypto wallets. I know earn sections are very mouth watering sometimes but there's no better way other than avoiding to hold your coins there.

I would disagree with this, and been disagreeing with it for a long time as well. I keep saying that people were not to be trusted, you are suggesting hardware wallet, but you are downplaying how stupid regular people are, sure you may not be, or maybe I am not, but there are so many idiots out there in the whole world, there are really a ton of people who are too stupid to have their own hardware wallets and I would not suggest that.

At least if they put it on a trusted exchange, the exchange will keep it safe for them, and that would be a lot better for their funds safety. Otherwise, I know people who got their hardware wallets stolen, and "asked for help" by putting their phrases online as a clue to figure out where it is, no moron like that should own a hardware wallet.

[crzy]

I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

I’m using both 2FA app and I can say it both works to me.
Well, having this might not fully secure your wallet but at least you’re doing your part to use every available option  to prevent from getting hack. Protecting your keys is very important, this is the most crucial part of securing your wallet. CEX is not safe even if its the top exchange, for your holdings go for a hard wallet instead.

[Silberman]

I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

I’m using both 2FA app and I can say it both works to me.
Well, having this might not fully secure your wallet but at least you’re doing your part to use every available option  to prevent from getting hack. Protecting your keys is very important, this is the most crucial part of securing your wallet. CEX is not safe even if its the top exchange, for your holdings go for a hard wallet instead.

Hackers are too resourceful and some users my think that taking extra precautions is not worth their time but it is worth it, as an example if there are two houses but one has its door open already and the other has their door closed which one do you think a thief will pick to rob? The one with the open door, so even if 2FA is not foolproof, it adds another layer of security to your accounts and many hackers will probably not bother to hack you as there are many other potential victims out there which are easier to fool and hack.

[Luffygroove]

These are all great tips for protecting your cryptocurrency assets! It's important to keep your seed phrase safe and secure, especially offline, as this is what you use to access your crypto assets in your wallet. A hardware wallet is also a great option for holding large amounts of cryptocurrency. Two-factor authentication, using a strong password and regularly updating your software are also important security measures to take. Finally, it's crucial to use a reputable exchange with robust security measures in place.

[GreatArkansas]

I used Google Authenticator from google playstore but i see a error it’s code aren’t always worked, so i chosen Authy it’s the best 2FA app i think. And i don’t think reputable exchanges means your money will be safe, you know FTX was one of the biggest exchange and it’s considering safe for many users but unfortunately it’s now Bankruptcy. Because in CEX you have no key that means you're not owner the assets.

I’m using both 2FA app and I can say it both works to me.
Well, having this might not fully secure your wallet but at least you’re doing your part to use every available option  to prevent from getting hack. Protecting your keys is very important, this is the most crucial part of securing your wallet. CEX is not safe even if its the top exchange, for your holdings go for a hard wallet instead.

This 2-factor authentication software for me is really a centralized thing because most of the centralized platforms are using this as an additional security on top of their security, I am not against it.
But if you really are in a decentralized platform like using a cryptocurrency that is a non-custodial wallet, you really don't need these, you only need to secure your private keys and you must store them somewhere centralized or even in online storage.

[Deddyhoku]

All of this is a good practice to secure any of your online account actually

[Ziskinberg]

These are all great tips for protecting your cryptocurrency assets! It's important to keep your seed phrase safe and secure, especially offline, as this is what you use to access your crypto assets in your wallet. A hardware wallet is also a great option for holding large amounts of cryptocurrency. Two-factor authentication, using a strong password and regularly updating your software are also important security measures to take. Finally, it's crucial to use a reputable exchange with robust security measures in place.

2FA seems the best option for those who can't afford hardware wallets. But this is not just like that, we are also carefully dealing with unsolicited emails, especially if it contains a link that will redirect you to access your wallet as this is probably a trick leading to hacking your account.
The most thing we can do is to be more careful in accessing our wallets and using our personal internet and the computer will help to protect us more from any possible hacking incidents.

[Dragonfund]

In addition, don't connect your wallet to untrusted websites that are not safe, you could be entertaining your money with scammers with that kind of websites and when they allow you communicate with a smart contract that is designed to trap you, you are going to lose all you have in your wallet, don't forget to stay way from airdrops, there are some airdrops that sometimes done on purpose to make you think they are giving you free token but if you check those airdrop, they are trap that once you try to swap them, they will sweep your wallet with nothing left, stay safe.

[Silberman]

In addition, don't connect your wallet to untrusted websites that are not safe, you could be entertaining your money with scammers with that kind of websites and when they allow you communicate with a smart contract that is designed to trap you, you are going to lose all you have in your wallet, don't forget to stay way from airdrops, there are some airdrops that sometimes done on purpose to make you think they are giving you free token but if you check those airdrop, they are trap that once you try to swap them, they will sweep your wallet with nothing left, stay safe.

Lately this kind of attack has become more common and people need to become extremely cautious, if you are not participating in an airdrop and then you suddenly find some unknown coins in your address then you need to become very suspicious about those tokens and never touch them, because the moment you do so that is the moment your coins will be stolen, and as we know once our coins are outside of an address we control there is no way to recover them.

[ichsan ardi]

2. Hardware wallet

I agree with this now there are still a lot of pishing wallet link hacks. I agree that using our hard wallet assets is definitely safer, especially when we store large amounts of coins and make long-term investments.
if you want to buy a hard wallet, make sure you buy it at an official store, not through 2nd and 3rd parties so that our hard wallet is safe. Stay Safe

[Kelvinid]

I have something to add.

If you want to use a password manager to keep track of different strong password you have then be careful in choosing password manager that you will use.

If that is not what you do then you shouldn't use password manager as some of it are hiding in plain sight and and it steal all the password you save in the oassword manager.

If we are not sure about the credibility of the site, we'd rather keep it at ease because for me 12 words are enough to secure our wallet, not unless we are careless enough. Because I know that hackers will always find a way to track and steal your money despite the long passwords you have, not by cracking it but in some other ways.

I would say that there is nothing that would guarantee 100% safe in crypto wallets but we can at least secure it by simply being careful on accessing sites and email links.

[Luffygroove]

There are some wonderful tips that you've been share to us. If I may add it, Here are a few additional tips to consider for protecting your cryptocurrency assets:

1. Be cautious with public Wi-Fi: When you connect to a public Wi-Fi network, there's a risk that other people on the same network can intercept your internet traffic and potentially steal your sensitive information, including your cryptocurrency wallet credentials. Therefore, it's generally best to avoid using public Wi-Fi when accessing your cryptocurrency accounts or wallets.
2. Use a VPN: If you do need to use public Wi-Fi or any other untrusted network, consider using a virtual private network (VPN) to encrypt your internet traffic and protect your privacy. A VPN creates a secure and encrypted tunnel between your device and the VPN server, which can help prevent others from intercepting your data.
3. Diversify your holdings: It's generally a good idea to diversify your cryptocurrency holdings across multiple wallets or exchanges, rather than keeping all your eggs in one basket. This can help mitigate the risk of losing all your funds in case of a hack or other security incident.

[raidarksword]

Never connect wallets irresponsibly on any site which is the common error of anybody and always check the legitimacy of the sites as well. In joining airdrop or any testnet  program, always use new wallets just to stay safe and prevent hacks in the future. As always hardware wallets are the best guard of our wallets, though it costs a lot but it will surely secure our assets.

[Silberman]

Never connect wallets irresponsibly on any site which is the common error of anybody and always check the legitimacy of the sites as well. In joining airdrop or any testnet  program, always use new wallets just to stay safe and prevent hacks in the future. As always hardware wallets are the best guard of our wallets, though it costs a lot but it will surely secure our assets.

Hardware wallets are not really that expensive, a Trezor One costs 69 dollars and if you are patient you could get one even cheaper when there is a discount, and while I understand that there are places in which 69 dollars can be a lot of money, if you are holding some altcoins and they skyrocket at that moment you could easily afford a hardware wallet and diminish significantly the chances of being hacked and losing your coins to them.

[fvb]

Never connect wallets irresponsibly on any site which is the common error of anybody and always check the legitimacy of the sites as well. In joining airdrop or any testnet  program, always use new wallets just to stay safe and prevent hacks in the future. As always hardware wallets are the best guard of our wallets, though it costs a lot but it will surely secure our assets.

Of course, this is an axiom. Use new wallets for testnets and different airdrops where you need to connect to different sites. I myself use several wallets for this.

[Bobrox]

Hardware wallets are not really that expensive, a Trezor One costs 69 dollars and if you are patient you could get one even cheaper when there is a discount, and while I understand that there are places in which 69 dollars can be a lot of money, if you are holding some altcoins and they skyrocket at that moment you could easily afford a hardware wallet and diminish significantly the chances of being hacked and losing your coins to them.

For beginner $69 seems expensive but according with how secure when holding or saving assets there, I think secure or not our assets is not depending where are saving place but how take it keep safe with trusted website access. During saving cryptocurrencies assets in trustwallet, metamask or any other dapp wallet keep secure when you have other back up wallet using for transaction or swap on dapp exchange.

Many people hold their assets between trustwallet or exchange wallet but never access with risk and unknow website for swapping their coins and right now keep safety without any hacked.

[Nheer]

How do we keep our cryptocurrency assets? Because I researched various good practices that we can apply as holders. Because it is not enough that we know how to find good coins and which one to buy. But we don't know how to protect it.

Before even investing in cryptocurrency the very first thing to do is to know how to secure your assets because in the crypto world when your assets are exposed and unprotected people will easily take advantage and steal them from you thats why it’s very essential to know how to safeguard your assets.

In the cryptocurrency case, there are many hacked incidents although when I was just starting, I experienced my laptop being hacked and fortunately, I didn't have much important stuff saved in my file there. Because others can be considered experts here but they still get hacked, how about the people who always start here?

So this will be our guide to protecting our cryptocurrencies. And it applies to long-term and short-term holders.

There are many scams in the cryptocurrency industry, and not just beginners fall for them even experts can make a mistake and become a victim of a scam. However, I think beginners would benefit more from this post because they lack the necessary knowledge. Since almost everyone makes a few rookie mistakes that cause them to lose some or all of their assets, it is beneficial to educate newcomers with this information as they embark on their journey.

1. Keep your seed phrase safe and secure :

     private and seed phrase is the most important aspect ofcryptocurrency owners. Because this is what we use. so we can access our crypto assets in the wallet, Hardware wallets and Non-custodial wallets all have seed phrase and private key.

That's why if we create a new wallet, the seed phrase we need to keep and hide so it doesn't end up to others or disappear. The mistake is because others put it they do it online, in notepad or google Sheets. After all, it's easy it's accessible. But it can also be easily accessed by those hackers, so it is not recommended. So the advise of most people put it in "Secure offline storage" Just write the risk on paper, it's an easy break, lose or burn. We have put it offline it's easy to break the paper, but it will still result in the loss of our cryptos.

Your seed phrase is the password to your assets, and only you should have access to it. Anyone who knows your seed phrase can transfer your assets and gain access to them. To prevent hacks, it is recommended to save the seed phrase offline, away from an internet connection. Saving them offline is safer because using the internet simply exposes you to scammers.

[/b] Just write the risk on paper, it's an easy break, lose or burn. We have put it offline it's easy to break the paper, but it will still result in the loss of our cryptos.

Though paper is fragile and can be easily ripped or damaged but paper is also a secure way to keep your keys safe, so it is important to make many copies and store them in different places in case of fire or any other emergency. Writing on paper has the benefit of being easily accessible, provided you don't hide them too deeply that you may end up forgetting where they were kept.

[abel1337]

Hardware wallets are not really that expensive, a Trezor One costs 69 dollars and if you are patient you could get one even cheaper when there is a discount, and while I understand that there are places in which 69 dollars can be a lot of money, if you are holding some altcoins and they skyrocket at that moment you could easily afford a hardware wallet and diminish significantly the chances of being hacked and losing your coins to them.

For beginner $69 seems expensive but according with how secure when holding or saving assets there, I think secure or not our assets is not depending where are saving place but how take it keep safe with trusted website access. During saving cryptocurrencies assets in trustwallet, metamask or any other dapp wallet keep secure when you have other back up wallet using for transaction or swap on dapp exchange.

Many people hold their assets between trustwallet or exchange wallet but never access with risk and unknow website for swapping their coins and right now keep safety without any hacked.

Newbies are still newbies and I think they are prone to hacking given that they don't have much idea on what they are doing or what to avoid for them not being hacked by someone. Those wallet you have mention is safer compared to those custodial wallets and there have been instances that those wallets are being hacked, Of course using strategic methods by hackers. It's a very rare scenario that someone could hack a hardware wallet this is why holders prefer using it rather than any wallets out there. A couple of dollars wallet will serve you for years and for sure you don't need one after you bought one. It's an investment for someone who is really serious in crypto. Though not an obligatory purchase.

[S3300]

Op mentioned that, sometimes when wallet is outdated is becomes a vulnerability to attackers, you are right, but not entirely, that's why we need to choose the wallet we plan to use for storing funds carefully, there was a case where the latest update is bad for the wallet and it opened door to vulnerability, I do not remember the wallet name anymore.

[Silberman]

Op mentioned that, sometimes when wallet is outdated is becomes a vulnerability to attackers, you are right, but not entirely, that's why we need to choose the wallet we plan to use for storing funds carefully, there was a case where the latest update is bad for the wallet and it opened door to vulnerability, I do not remember the wallet name anymore.

Years go this happened with the electrum wallet, in which you received an official looking message telling you to update your wallet, and together with the message a link came and if you installed the wallet from the link then your funds will be stolen, then it is key that investors keep themselves updated about the hacks and scam methods being currently used by scammers, so they avoid losing their coins when they are installing or updating their wallets.