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blacksails
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May 02, 2014, 08:07:29 AM |
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Is coinbase really insecure? I use authenticate for iPhone and have a good pass but was wondering if I should keep coins on there
You should avoid online wallets where you are not the only one in control of the private keys. You better go for a lightweight client! |
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Zebra
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May 02, 2014, 09:40:58 AM |
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Is coinbase really insecure? I use authenticate for iPhone and have a good pass but was wondering if I should keep coins on there
You should avoid online wallets where you are not the only one in control of the private keys. You better go for a lightweight client! Indeed if you use coinbase as an online wallets, you have absolutely no control in private keys. |
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Light
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May 02, 2014, 10:20:55 AM |
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Keep only minimal amounts that you can afford to lose on something like coinbase or blockchain. Personally, I would strongly advise you guys look into 2FA - while a good pass is generally good enough if you don't want to lose coins having 2FA is a good way to bulletproof you against possible idiotic mistakes on you're end or server side security holes.
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eCashOne
Newbie
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Activity: 1
Merit: 0
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May 02, 2014, 11:05:53 AM |
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Use cold storage for your big bucks, only keep small amounts with online wallets to spend.
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Zebra
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May 02, 2014, 11:13:33 AM |
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Use cold storage for your big bucks, only keep small amounts with online wallets to spend.
This. Just like you put your most valuable stuff in a safebox and only put hundreds bucks in your wallet, you should put 95% of your bitcoin in an offline wallet or paper wallet, and put 5% in another wallet that you need to move frequently. |
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gagalady
Legendary
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Activity: 938
Merit: 1000
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May 02, 2014, 11:33:09 AM |
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Yes so basically you need to have unique password for every registration , i agree with this you just have to have a safe place for all your passwords. Probably not on your computer.
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pinksheep
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May 02, 2014, 12:59:45 PM |
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Just like you put your most valuable stuff in a safebox and only put hundreds bucks in your wallet, you should put 95% of your bitcoin in an offline wallet or paper wallet, and put 5% in another wallet that you need to move frequently. [/quote] Unless you're going to be spending them soon or intend to trade, put them into a paper wallet as soon as possible. I bought a cheap tablet which has never, or will never, be connected to the internet to generate my addresses & then moved my BTC into them. They'll only be coming out again when we hit $50K  |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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BunsenBurner
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May 03, 2014, 04:23:27 AM |
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I survived inputs.io hack, mtgox and now coinbase. (my loss less than 10% of my holdings) Here is what i do to secure an account:
I use just a complex password. no app, no 2FA, no nothing
My email address cannot be hacked using forgot my password. (even i don't remember that)
make sure u get into the real site
don't use same username or password for a trusted site and an untrusted site
use different complex password for email and other important accounts
passwords may be similar to you but inguessable for a hacker
Split your btc among different services. On top of that, you need to be careful with malware like this. http://www.coindesk.com/chrome-extension-could-vulnerable-malware/ |
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edutBTC
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May 03, 2014, 05:11:08 PM |
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Use cold storage for your big bucks, only keep small amounts with online wallets to spend.
it's better to avoid to get too large amount of btc |
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SwissHash
Newbie
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Activity: 31
Merit: 0
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May 03, 2014, 06:13:39 PM |
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... 2fa works fine ...
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Pony789
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May 03, 2014, 07:23:24 PM |
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Use cold storage for your big bucks, only keep small amounts with online wallets to spend.
it's better to avoid to get too large amount of btc We got a non-believer here, JK  It is okay to hold loads of btc as long as you are storing it securely, but of course don't put all your money into just one single investment at any time.  |
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SwissHash
Newbie
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Activity: 31
Merit: 0
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May 03, 2014, 07:31:40 PM |
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Use cold storage for your big bucks, only keep small amounts with online wallets to spend.
it's better to avoid to get too large amount of btc We got a non-believer here, JK It is okay to hold loads of btc as long as you are storing it securely, but of course don't put all your money into just one single investment at any time. split it on different adresses ^^ is probably a good way to secure it .. |
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lynsela
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Merit: 0
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May 05, 2014, 12:44:38 AM |
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thanks for the very informative tip.
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tspacepilot
Legendary
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Activity: 1456
Merit: 1078
I may write code in exchange for bitcoins.
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May 05, 2014, 05:48:33 AM |
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Did something happen to coinbase? I kinda figured they were next but I hadn't heard of any trouble yet. Perhaps OP was just making a prediction.
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PerrythePlatypus
Member
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Activity: 109
Merit: 10
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May 05, 2014, 01:33:21 PM |
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Did something happen to coinbase? I kinda figured they were next but I hadn't heard of any trouble yet. Perhaps OP was just making a prediction.
In my opinion, no. Since coinbase is pretty transparent and are even more secure than average exchanges. Considering that they have done an audit before. |
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blacksails
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May 05, 2014, 04:54:29 PM |
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Did something happen to coinbase? I kinda figured they were next but I hadn't heard of any trouble yet. Perhaps OP was just making a prediction.
No, no one lost any money, but I think there was a leak of user information (like names and stuff). But no site is completely safe, so I would not hold any big money there anyway! |
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h4shp1p3
Newbie
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Activity: 2
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May 05, 2014, 07:13:03 PM |
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awesome thanks.
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littlebox
Member
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Activity: 112
Merit: 10
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May 05, 2014, 08:25:32 PM |
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Thanks for the advice dude
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crowddice.com shutdown, PM me to get your funds back
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