Avoid this two errors, if you want to keep your coin safe - Page 16 - Crypto World - CryptoTalk.Org Jump to content
bobjoemega

Avoid this two errors, if you want to keep your coin safe

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On 10/29/2019 at 5:28 AM, bobjoemega said:

   For everyone to be successful in any domaine he need to know the issues that can be in it, and also in project, you need to find the errors that can destroy you in the future, if you don't know it before, so here i'm giving you the most two dangerous error that you need to avoid

1- Don't for get to make a backup, for all your keys and memes, because if you lose the original and you don't have a backup, you will never be able to get to your coin.

2- Never store your CryptoCurrencies, in a hot wallets, like exchange or website.

I think your post is very informative and useful for me and thanks for sharing this useful post. Both things are very important. You always have a your private keys and backup. You always use trusted wallet and exchange. Because there are many scammers in online market.

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Thanks for sharing these golden words . I really likes these two points which you shared we should always beware to the site use how we can secure ourselves here . And which wallet will be best for storage of coins 

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Yes, I agree that we should keep a backup of our private keys because sometimes we lose or forget our password but we need more if the backup or password is secure.  We can easily add our passwords and we need to be more careful to invest more because we have heard about hackers that many hackers steal our amount.  

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Safest place for saving is our wallet and many method already release to take our safety. Saving our data on the right place also important, we can use external hardware for this purposes. Never allow third party or browser save your data, that's private and only you can control it not others.

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Great points, but as long as you are on the internet, all your wallets are hot wallets. If you truly want to protect your coins, keep it in brain wallet. There is no amount of precaution that is enough for security. Each and every protection can be overtaken by hackers. 

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Yeah i certainly aware of this two things.  This is the most important things in cryptocurrency i guess. In cryptocurrency you must backup your wallet. Store your private key . Because if anything happens to your account you can recover it by using the key. So it is important. 

And we shouldn't left our money in exchange or any online wallet. Because jf we left our coin in exchanging any hacker should get it easily. So we must careful about that. So be careful about this two things. 

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Very nice topic dear,yes we have to be careful about our money because their is many hackers and scammers.  Plz don't give personal informations to any website and don't click the link of unknown person. 

According to me binance and yobit are the best their is no Rick of losing money. 

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Yes you are right. Our coins are stored safe in our wallets rather then any website or exchanger.And we need to keep our pass safe in order to store our coins on our wallets.Dont try to forget them and keep backup at a safe place.Please dont make any mistake in this steps.This may cost alot.

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Thanks for your helpful tip, avoiding these two common mistakes can prevent us from getting hacked. Working on the internet is inseparable from rights, for that we must avoid and manage these two mistakes with risk management to minimize losses due to hacking.

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Yes I am agree with you you said absolutely right you should to avoid the errors if you want to survive on this forum first of all you set the high security of your wallet that is helpful to secure your account from the scammers

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Yes gentleman you said absolutely right the backup of your data is very important if you lose your data you have the option to restore your data when you make the backup of your data that is very beneficial for you to and helpful to get back your data

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Thank you very much for reminding us about how important our private wallet is and to be very honest our private wallet are responsible for keeping our coins safe which is very important we must write our login details in safe place to avoid been lost.

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These two matters are very important and they are essential, but we have to pay attention to minor errors as well, as any mistake about leaking information or sending to wrong addresses 

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Both you advices are equally good and must be followed by everybody. This will keep our money safe and secured. It can prevent it from falling in not wrong hands. Thank you for reminding us to take these precautions.

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Great advice friend, but I differ in the second, since there are exchanges that are safe to store our assets such as binance, I have had a time storing my cryptocurrencies in it and I have not had any problem with having them stored there, it is even better, since if I need to make a quick exchange of cryptocurrencies I already have it in the exchange as it has happened to me a couple of times.

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This will be helpful to everyone specially for the beginners. Yes it is very important that you have always backup to your accounts and keys because in cryptoworld there's a lot of scammers out there they always do everything to scam people. And to avoid to be scam you should keep properly all the important information,keys and passwords.

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Thanks for your advice i am using trust wallet but have not back it up but will do so now and i am not a type that store or keeps my cryptocurrency   in those site( exchange) but except the one I am using for trading and it's only yobit that I am trading in with my little earning for now and I belive they are well safe and secured 

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Very important message and you have suggested it very well, I hope everyone does that and moves the coins to safety. The more we learn the more we can avoid loss of funds and these are very important errors we can make no matter begginers or advanced.

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On 10/29/2019 at 6:28 AM, bobjoemega said:

   For everyone to be successful in any domaine he need to know the issues that can be in it, and also in project, you need to find the errors that can destroy you in the future, if you don't know it before, so here i'm giving you the most two dangerous error that you need to avoid

1- Don't for get to make a backup, for all your keys and memes, because if you lose the original and you don't have a backup, you will never be able to get to your coin.

2- Never store your CryptoCurrencies, in a hot wallets, like exchange or website.

We will keep a backup of the wallet in which we keep the cryptocurrency so that we can recover it if it is already deleted.We will not keep our cryptocurrency in any wallet as it may be hacked.

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On 10/29/2019 at 5:28 AM, bobjoemega said:

   For everyone to be successful in any domaine he need to know the issues that can be in it, and also in project, you need to find the errors that can destroy you in the future, if you don't know it before, so here i'm giving you the most two dangerous error that you need to avoid

1- Don't for get to make a backup, for all your keys and memes, because if you lose the original and you don't have a backup, you will never be able to get to your coin.

2- Never store your CryptoCurrencies, in a hot wallets, like exchange or website.

Well its soo true one should never store password or any confidential information somewhere, where it is likely to be hacked, so what to do? I suggest you to print your addresses and private keys, which are used for access, on paper. It will be more safe then storing them in hot wallets, among which few are safe.

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On 11/14/2019 at 12:34 PM, dentolas said:

It is a lesson to all those that do not care much about passphrases and such... things that are unexpected happen and for some reson we might need to restore our wallet, or change phone, or our computer brakes... keeping these codes secure in one of the most importsnt things in crypto

2FA is the best option in which we can secure our account and also we can secure our accounts through the mobile sms and these are the two best options that we can use and secure our accounts from the hackers.


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Indeed personal backup is very necessary otherwise we can lose our coins it's better sometimes to keep some coins on exchange although there is no problem in paper wallet but keep your eye on it 😊

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I think the best place to keep your cryptocurrency is to use the software wallet and to keep the backup words at some different places I think at least at the ten places.

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You are right .so with this we can safe our walllet. It good to us if we have make some back up to recover . So it good to make so many wallet not to use our coin. Try to make such password which would be unique and not you same gamil and password on different sites.

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Your suggestions on how to keep our coins safe are very important. If we don't notice these things,Then we can lose our coins. A cryptocurrency user must know these rules.

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