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Author Topic: Best practices to prevent hackers from stealing our crypto assets  (Read 670 times)
Bay_Harbour_Butcher
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March 17, 2023, 02:01:57 PM
 #81

when we talk about hackers, hackers have been around for a long time, especially since the rapid development of the digital world, hacking has become increasingly common, in the crypto world it is very important to keep our seed phrase wallet safe and secure.
but in fact that is still not enough, apart from keeping our wallet safe, we must also avoid not carelessly receiving and clicking on emails or links from sources we do not know or trust, this is usually called a phishing attack

Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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March 17, 2023, 08:07:57 PM
 #82

You forget to mention good antivirus/antimalware software. This is very important.
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March 17, 2023, 08:55:00 PM
 #83

when we talk about hackers, hackers have been around for a long time, especially since the rapid development of the digital world, hacking has become increasingly common, in the crypto world it is very important to keep our seed phrase wallet safe and secure.
but in fact that is still not enough, apart from keeping our wallet safe, we must also avoid not carelessly receiving and clicking on emails or links from sources we do not know or trust, this is usually called a phishing attack
Hackers are pervasive in the space and other important economic sectors; they will breach even the strongest security measures in an effort to empty someone else's bank account for their own personal gain. We should be able to exercise complete caution while performing any task in the area. Attacks on traders' wallets are increasing as the modern era transitions into the digital era. Being a hacker in this ecosystem is dangerous, and most traders have fallen prey to market manipulation. Before accessing our secret 12 key words, our wallets require two factor authentication.

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March 17, 2023, 09:01:43 PM
 #84

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.
It's not for stealing assets rather than your carelessness. Sure, if one exchange is hacked then your other assets in different exchange is safe. But it's still doesn't avoid the fact that your assets are in danger. Because you are mentioning exchanges and if you store your money in exchanges, that means your money is at third party hands so you should be warned from that. Would rather to use hardware wallet for that if you want to negate the risk at all.

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March 17, 2023, 09:43:14 PM
 #85

It's not for stealing assets rather than your carelessness. Sure, if one exchange is hacked then your other assets in different exchange is safe. But it's still doesn't avoid the fact that your assets are in danger. Because you are mentioning exchanges and if you store your money in exchanges, that means your money is at third party hands so you should be warned from that. Would rather to use hardware wallet for that if you want to negate the risk at all.
Not your key, not your money, because you don't have full control. saving on any centralized exchange would be very dangerous, it's better if you want to save it must be in a personal wallet that we can fully control, like the hardware wallet you suggested. But still the risk of loss will occur if the user is careless.
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March 17, 2023, 10:31:42 PM
 #86

Thanks for sharing valuable info, I am surely experienced crypto enthusiasts who know the mentioned facts but newbies need to practice their skills and learn the many aspects of crypto trading. Using a hardware wallet is the best option instead of blindly trusting online wallets or websites, the most perfect secure way is to buy one Nano Ledger or other hardware wallet model from authorized resellers.

I started storing my funds in a nano ledger years ago and I could say that it's the safest thing to do. It's risky to just bind your wallets in online exchanges because the chance and possibility of getting hacked are too high. We all know that these days, phishing activities and hacking are still actively developing so as much as possible, we must secure our funds that they could never access in ways that they know. It's always better to be careful and secured all the time because hackers are just everywhere.
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March 19, 2023, 08:04:56 PM
 #87

when we talk about hackers, hackers have been around for a long time, especially since the rapid development of the digital world, hacking has become increasingly common, in the crypto world it is very important to keep our seed phrase wallet safe and secure.
but in fact that is still not enough, apart from keeping our wallet safe, we must also avoid not carelessly receiving and clicking on emails or links from sources we do not know or trust, this is usually called a phishing attack
Hackers are pervasive in the space and other important economic sectors; they will breach even the strongest security measures in an effort to empty someone else's bank account for their own personal gain. We should be able to exercise complete caution while performing any task in the area. Attacks on traders' wallets are increasing as the modern era transitions into the digital era. Being a hacker in this ecosystem is dangerous, and most traders have fallen prey to market manipulation. Before accessing our secret 12 key words, our wallets require two factor authentication.
Hackers are everywhere, what happened is that on the early days making a transaction online was very uncommon and people rarely revealed their identities either, so there was not much of value that it could be stolen from them, but since those days things have changed and now people store all kind of valuable information on their computers and phones, this has increased the number of targets and the rewards for hackers, and as such they have become more common than ever.
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March 20, 2023, 10:41:39 AM
 #88

Just read a post about wallet hacking here on the forum. Good and useful tips from the creator of this topic. And apparently the user who wrote about hacking neglected these simple tips. As the saying goes, be careful

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March 20, 2023, 11:09:58 AM
 #89

As long as we are not careless I believe we can protect our data from hackers, I once experience number 7 when I open an email and click the link because I was too careless that day, I logged into my account and not checked the URL of the website that its a fake website, after few minutes my wallet balance move to other balance lucky that I quick to response that so I'm not losing all my balance that day.


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Silberman
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March 23, 2023, 04:02:54 AM
 #90

As long as we are not careless I believe we can protect our data from hackers, I once experience number 7 when I open an email and click the link because I was too careless that day, I logged into my account and not checked the URL of the website that its a fake website, after few minutes my wallet balance move to other balance lucky that I quick to response that so I'm not losing all my balance that day.
It is true that anyone as long as they take the right steps can protect themselves to a high degree from most attacks, but many people are not used to be that careful when it comes to their digital lives, and what better example than their smartphones, I am always surprised by the apps people install on their phones as they are willing to install apps which have almost no users and give them all kind of dangerous permissions, and someone that is used to do this will eventually find a malicious app and lose their coins without even realizing how this happened on the first place.
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March 23, 2023, 06:37:45 PM
 #91

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.

7. Be careful with email and links :

This is where phishing attacks often come from, which are used by cybercriminals to steal sensitive information, credentials, and private keys.

Those phishing emails or links may appear from a reputable source such as a crypto exchange or wallet provider, and those who receive them will think it is the original website but it turns out to be a trap. There are so many incidents like this, that even crypto holders when they search on google, many fake websites will appear that they don't know are malware.


For Caution when dealing with emails and links in the context of crypto security I feel It is important to know together because many fake websites appear in search engines and can be malware causing harm to the user's computer or device.

The rationale for this warning is that phishing attacks often use this medium to trick individuals into providing sensitive information, credentials, and private keys. Cyber criminals will often send emails or create fake websites that appear to come from a reputable source, such as a crypto exchange or wallet provider.

This can lead unsuspecting individuals to believe they are interacting with a legitimate website when in reality they are being duped into providing their personal information. As a result, individuals should use caution when clicking on links or opening emails and should verify the authenticity of websites or sources before providing any sensitive information.

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Silberman
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March 26, 2023, 06:55:44 PM
 #92

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.

7. Be careful with email and links :

This is where phishing attacks often come from, which are used by cybercriminals to steal sensitive information, credentials, and private keys.

Those phishing emails or links may appear from a reputable source such as a crypto exchange or wallet provider, and those who receive them will think it is the original website but it turns out to be a trap. There are so many incidents like this, that even crypto holders when they search on google, many fake websites will appear that they don't know are malware.


For Caution when dealing with emails and links in the context of crypto security I feel It is important to know together because many fake websites appear in search engines and can be malware causing harm to the user's computer or device.

The rationale for this warning is that phishing attacks often use this medium to trick individuals into providing sensitive information, credentials, and private keys. Cyber criminals will often send emails or create fake websites that appear to come from a reputable source, such as a crypto exchange or wallet provider.

This can lead unsuspecting individuals to believe they are interacting with a legitimate website when in reality they are being duped into providing their personal information. As a result, individuals should use caution when clicking on links or opening emails and should verify the authenticity of websites or sources before providing any sensitive information.
And it is because of this that we must never access those websites by following a link in an email or even by using a search engine, we need to either write the address by ourselves or use a bookmark, this way you know the chances of using one of those phishing websites will become really low and you will not have to worry about your coins being stolen that way, still despite how simple it is to follow this advice I do not think the majority of the people will do it.
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March 26, 2023, 07:26:03 PM
 #93

The best website that I found to get ideas on how to store bitcoins safely is the Glacier Protocol.

https://glacierprotocol.org/docs/overview/
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March 26, 2023, 07:49:22 PM
 #94

Sadly enough probably over 90% of the people that use crypto won't do any of these best practices.  Anyone ever try to figure out how much crypto sits on exchanges.  People use them as their wallets and you can't even explain to them why that is the dumbest thing they can do.

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March 28, 2023, 01:55:50 PM
 #95

I think the best way to prevent our wallet from being stolen is to better understand how these hackers work, the most common thing that happens is phishing sites, the way to avoid phishing sites is not to carelessly click on links or install suspicious applications, usually sent via email or direct messages to us

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March 30, 2023, 04:05:32 AM
 #96

I think the best way to prevent our wallet from being stolen is to better understand how these hackers work, the most common thing that happens is phishing sites, the way to avoid phishing sites is not to carelessly click on links or install suspicious applications, usually sent via email or direct messages to us
Most of the solutions being proposed requires that the person in question does something in order to increase the security of their coins, and while it is easy to think that an investor or trader will be highly motivated to protect their coins, the opposite scenario is what we find all the time, traders do not want to invest a single second of their time to try to improve the security of the coins they already have, instead they only care about the coins they could get in the future, meaning that the security of their coins never occupies an important place on their minds until they get  hacked and lose whatever coins they had on their wallets.
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