Post
Topic
Board Trading Discussion
Re: How to keep your funds secured?
by
Distinctin
on 01/07/2019, 08:38:47 UTC
Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?
for me, save wallet in secured exchange like binance then install two authenticator security, after that your wallet is very secured. low chance to be hacked

Not so safe, 2FA is only a good security to prevent your wallet of getting hack, however if the site alone is hack, your assets are still in danger.
just like the recent report when Binance was hack, lots of user accounts are compromise but they got it covered with SAFU funds, what if no funds available next time?