Post
Topic
Board Bitcoin Discussion
Re: A lot of hacks, whats the solution?
by
TheCoinGrabber
on 13/07/2018, 10:42:16 UTC
1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.
2. Don't store your funds in exchange for a long period of time. Deposit, trade instantly and withdraw.

Agreed. If your bitcoins are not in an exchange, they can't be included in the hack. Then it's just the issue of securing your own wallet.

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.

This, and actually write down the seed on a piece of paper. I can't believe how some people actually buy hardware wallets but save their seed on a .txt/word file or their mobile phone's notes app. I can't believe how people with 6-digit portfolios be THAT careless.

Seriously? I mean, it's probably fine if it's just a few hundreds in the wallet (maybe it's for purchases) but if it's a large amount, you can't risk it. In my early days, I made a voice recording of me reading the phrases and sent it to my own email. Never been hacked but I'm not repeating that again.