Protecting your crypto

[wingfield 137]

These rules of investment protection are very useful. It is a very efficient and safe hardware wallet and does not cost much. I think anyone can afford to buy a Ledger Nano S.
ICO projects are pretty much a scam, so rule number 3 can be excluded.

[cryptokram 102]

To protect my crypto token I must store it at the safest wallet of course before anything else. And that wallet that I used so far was Nano ledger, or trust wallet, these two are both helped in years now or more. 

On 10/17/2019 at 7:46 AM, seriousguywithfunnypants said:

Yes, use a hardware wallet the software doesn't have access to your private keys. Never create an eth wallet from MeW as it shows your private key once which can be accessible from someone else.

Why? Does using MEW now is not safe? As far as I know, this apps has been used by many of the community in this field of industry, and I don't see any problems using this wallet anyway.

[seriousguywithfunnypants 266]

15 minutes ago, cryptokram said:

To protect my crypto token I must store it at the safest wallet of course before anything else. And that wallet that I used so far was Nano ledger, or trust wallet, these two are both helped in years now or more. 

Why? Does using MEW now is not safe? As far as I know, this apps has been used by many of the community in this field of industry, and I don't see any problems using this wallet anyway.

MEW is safe, my friend. Don't get me wrong. However, it gives you the private key when you generate a wallet. Hackers can reach out that private key.

[cryptokram 102]

19 minutes ago, seriousguywithfunnypants said:

MEW is safe, my friend. Don't get me wrong. However, it gives you the private key when you generate a wallet. Hackers can reach out that private key.

Yeah, I knew that, but it will just happen only if you click some of the wrong site or phishing site, were in the end the hacker can able to have all your access to your private key or password. But as long as you're clicking any phishing site I think that would be no problem at all. 

[seriousguywithfunnypants 266]

1 hour ago, cryptokram said:

Yeah, I knew that, but it will just happen only if you click some of the wrong site or phishing site, were in the end the hacker can able to have all your access to your private key or password. But as long as you're clicking any phishing site I think that would be no problem at all. 

There are lots of fishing websites try to imitate MEW's website. We need to careful as some of them really look more than real!

[Deborah Christine 410]

To protect our crypto you should.

1. Do not use public WiFi networks when opening your wallet or exchange account. 2. Frequent antivirus updates on your computer so that your computer is free of malware. 3. Never access a phishing website. 4. Save your password or private key wallet properly so that no one else knows.

[cryptokram 102]

8 minutes ago, seriousguywithfunnypants said:

There are lots of fishing websites try to imitate MEW's website. We need to careful as some of them really look more than real!

Yes that's right being careful is one of the best thing we can do for now, aside from that, we should know also the safest and best wallet that we need to use were in the end we won't regret why we choose. 

 

2 minutes ago, Zeela said:

I will do all my best to protect my crypto and I won't let anyone know my whereabouts of my private keys. I will soon memorize all my private keys. If someone want to get access to it. Definitely he need to get acces to.my brain.

If you memorized it that's good but better to keep it on you USB or paper wallet was also much safer if you do it. 

[cryptokram 102]

1 hour ago, Zeela said:

I agree with you, but need somewhere that is safer and unreachable to anybody. Don't want to fall victim to scammer again. That why I will try my best to secure it.

that's good sir, at least you know how to secure coins and where to put it to store them at the right wallet, keep it up and I know majority of us don't want to lose our assets and steal only by the hackers or whatever.

[dana33 302]

1 hour ago, Barau12 said:

You can protect much of your funds in your wallet only when you use a trust wallet app

It's only about that mate. Sometimes you can fucked up like download something suspicious online or click into something suspicious and got a virus or malware that can hacked your wallet. It's from you, not from the wallet itself.

[Dammyrichie 131]

On 10/17/2019 at 12:46 AM, seriousguywithfunnypants said:

Yes, use a hardware wallet the software doesn't have access to your private keys. Never create an eth wallet from MeW as it shows your private key once which can be accessible from someone else.

Stored in a safe place, a backup of your wallet can protect you against computer failures and many human mistakes. It can also allow you to recover your wallet after your mobile or computer was stolen if you keep your wallet encrypted.

[Glossy 615]

4 hours ago, Dammyrichie said:

Stored in a safe place, a backup of your wallet can protect you against computer failures and many human mistakes. It can also allow you to recover your wallet after your mobile or computer was stolen if you keep your wallet encrypted.

The wallet backup is usually list of seed words that are used to recover private key, and thus recovering whole wallet. It is best to put paper with seed words in some watertight container to keep it safe from water and put that container in a secret place. It is good to have more copies just in case one copy of list get lost or something happens to it.

[xBDT Script 4371]

On 10/17/2019 at 5:22 PM, phabulu said:

Since I have already done a mistake sending BTC Now I double-triple check the receiver address before sending, even IF I sending only 5$, any typo and you lose it, so it is better be safe than sorry.

My best suggestion for you will be to use Electrum and use a multiSig wallet. A 2/2 one will do.

This way you will have more chances to stay safe and this checking you can do very easily:

1. Sign the tx using one key and export the tx for the 2nd key.

2. When you will load the exported tx for the 2nd key to sign you can check the addresses and there will be no doubt that this will give you any wrong measurement. Once everything looks good then sign and broadcast the tx.

Pretty safe. 

[Glossy 615]

22 hours ago, Bazaglo said:

 Two important advice

Don't let your assets stay on exchange too long Always be careful before investing in ICO - research the team and the project

Also avoiding scam exchanges is very important. Try to use good and famous exchanges like Binance and Yobit to store your coins.

[Glossy 615]

Btw people do you use cold wallets? They can add to security too, because no one can access them when not in use.

[xBDT Script 4371]

Just now, Glossy said:

Btw people do you use cold wallets? They can add to security too, because no one can access them when not in use.

One who has a decent amount of BTC needs to use it for security obviously. I have a Ledger Nano S and I have it since they launch it but I tell you what? 

I feel more comfortable to put my coins in a multiSig wallet. And I have moved my coins to there from the Ledger Nano S long ago. @hexwin knows it better 😆

[I-KUN 422]

If you have private key or copy of mnemonic phrase, don't save it on cloud storage.

Choose some exchanger or online wallets which have a good/superior security. 

Don't ever believe or give anyone you didn't know toa access into your wallet. 

[hexwin 4931]

1 minute ago, xBDT Script said:

I feel more comfortable to put my coins in a multiSig wallet. And I have moved my coins to there from the Ledger Nano S long ago. @hexwin knows it better 😆

 

I think that some people will make life complicate to anyone else including hackers, and that is xBDT.
Hackers or his family will never be able to 'crack' his miracle wallet without him

[Kumar 260]

People can be protected with all that measures at some extent but scammers will make their way, so I think the most important thing is to be updated of every action of the scammers with the news and learning from mistakes of others.

[bestprofi 372]

Always use Two Factor Authentication (2FA) when dealing with exchanges or any other sites. SMS 2FA can easily be hacked and is not secure.

[Casinoval 330]

I save my Bitcoin on top exchanges and some online wallet this way is safer for me.

[Devh 564]

On 10/17/2019 at 2:46 PM, Glossy said:

Myetherwallet was subject of phishing attack not long ago... I guess that 2FA gives more security to this wallet.

But personally I like to use wallets that I can fully control, and not web wallet.

So the only option for you is the exchange wallet but here you will need alot of security and 2FA protection. Another option for you is to keep crypto asses in paper wallet. All the options are best. But if you are victim of Hijacking attack and remote access trap then nothing can sdave you because with this method any one can access all your assests and private keys etc. So better option is to choose the high security wallets and 2FA is the most important part of Trading. Thats why 2FA save you in the end when some one have full login credientals but at the initial or at the time of withdraw 2FA save you from all. I'm not talking email 2FA. I talking SMS or Google 2zFA 🙂 .

[Mohs3n71 0]

2 hours ago, Casinoval said:

I save my Bitcoin on top exchanges and some online wallet this way is safer for me.

actually it's not very safe, but you won't believe it until you lose your money in a hacking event

[bestprofi 372]

5 hours ago, Casinoval said:

I save my Bitcoin on top exchanges and some online wallet this way is safer for me.

Top exchanges have a very good security and usually compensate the clients in case of attacks. But you have to know that you do not have a private key there, so you do not own coins.

[bean 515]

The best to protect your cryptos is to take your private keys and hide them somewhere no one will find ever find out, only you will know the location of your treasure and keep it that way.

[Mohs3n71 0]

27 minutes ago, bean said:

The best to protect your cryptos is to take your private keys and hide them somewhere no one will find ever find out, only you will know the location of your treasure and keep it that way.

this is the right way to do it for long term investments but many people just use online wallets because they find it very hard to control their own wallet