Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on July 07, 2018, 02:30:08 AM

Title: How safe is our money in crypto?
Post by: Domithra on July 07, 2018, 02:30:08 AM
In the world of crypto where decentralization is the core feature, owners of wallet addresses own the full security to their wallets, thus, how safe you keep your login details and prevent yourself from phishing sites determines the security to your wallet. Never safe your login details in your email as you can get phished anytime because of the frequent airdrops and forms we fill for both good and fake projects.
Title: Re: How safe is our money in crypto?
Post by: Icon on July 07, 2018, 12:10:58 PM
That is the more reason why i do not like airdrops. After all your details to them, you will still not get anything out of it
Title: Re: How safe is our money in crypto?
Post by: Dacosta on July 07, 2018, 12:41:00 PM
Crypto wallets would have been the safest ways to store our assets had it not been these hackers who are so lazy to work and so would be trying anything possible to steal from our wallets.
Title: Re: How safe is our money in crypto?
Post by: Breadwinner on July 07, 2018, 03:19:43 PM
In the world of crypto where decentralization is the core feature, owners of wallet addresses own the full security to their wallets, thus, how safe you keep your login details and prevent yourself from phishing sites determines the security to your wallet. Never safe your login details in your email as you can get phished anytime because of the frequent airdrops and forms we fill for both good and fake projects.

This question seems to be difficult to be answered because of the nature of blockchain and the tokens and coins in it. I will say we are safe because of the blockchains' security but we should remember that no one knows the fate of crypto.
Title: Re: How safe is our money in crypto?
Post by: pikebu on July 08, 2018, 04:19:55 AM
Crypto wallets would have been the safest ways to store our assets had it not been these hackers who are so lazy to work and so would be trying anything possible to steal from our wallets.
Yes we know the blockchain of technology can not be hacked but our wallet of cryptocurrencies is weak if the users don't know about it, many hacking issues related with the wallet of cryptocurrencies should the community of cryptocurrencies know about it, so they can be more carefully to takes keep the private key of wallet on the safe place to store their funds.
Title: Re: How safe is our money in crypto?
Post by: sugarchrisp on July 08, 2018, 04:40:05 AM
It will differ from user to user.  Some people are pretty careless with how they browse the internet which will open themselves up to being keylogged or phished or other things like that.  That's just with online wallets.  Hardware wallets are pretty damn hard to crack.
Title: Re: How safe is our money in crypto?
Post by: eldial on July 08, 2018, 12:24:24 PM
Very safe if money involved in crypto my first do is to kept my private key and password with no one knows except me because many hackers just wait time your phone will not be log off .Im just do it with my own transactions.
Title: Re: How safe is our money in crypto?
Post by: rightway on July 08, 2018, 04:02:03 PM
We can't really sure the safety our money in crypto because until now crypto market is still dropping.
Title: Re: How safe is our money in crypto?
Post by: Danus on July 08, 2018, 06:17:46 PM
In any defense there is a flaw. Therefore, I would not advise trusting purses for one hundred percent. You have to choose one of the best, but you also need to be prepared for everything  :)
Title: Re: How safe is our money in crypto?
Post by: CryptoFun on July 08, 2018, 08:11:26 PM
I agree. A lot of fraudulent airdrops. I try to participate rarely, only when I see promising projects.
Title: Re: How safe is our money in crypto?
Post by: Master107 on July 09, 2018, 05:39:32 AM
That is our personal responsibility to secure the wallet. Treat your crypto wallet as actual wallet that really important and actually we don't like to lose it.
Title: Re: How safe is our money in crypto?
Post by: Niteroy on July 09, 2018, 05:15:13 PM
In the world, there are all the same risks that exist in the real world. Yes, you can lose your coins if someone steals your private key from your wallet, but your car can also be stolen from under the house. In both of these cases, the security of your coins and your car lies with you. Perhaps the insurance will cover losses, but in the case of for example force majeure circumstances, you can lose the house, apartment, car and insurance it will not cover. Some people advise to separate coins in different purses and not store them in one place, so I do.
Title: Re: How safe is our money in crypto?
Post by: IyemRoker on August 18, 2018, 12:21:04 PM
safe for those who trust it.
if stored on your token exchange is very susceptible to cracks.
saved in wallet hardware like TREZOR and Nanon Ledger it might be better.
Title: Re: How safe is our money in crypto?
Post by: BatBit on August 18, 2018, 02:11:49 PM
Yes, this is the first thing to remember before investing in cryptocurrency at least 1 dollar.
Title: Re: How safe is our money in crypto?
Post by: aji678 on August 18, 2018, 04:48:49 PM
Your safety is dependent on how much you value the security of your assets and how far you are willing to go to keep them secured. I would not say it is not safe and I would not say it is safe. Like I said, it all balls down on using the available security features of a wallet to keep yourself secured as well as using a very strong secured wallet like hardware wallet which are known to be safer. As long as you know how to play safe, then, you should be fine with the safety of your funds.
Title: Re: How safe is our money in crypto?
Post by: Danus on August 18, 2018, 07:15:14 PM
Yes, it is safe to store it. Few cases when hackers steal from miners, and if this happens - immediately increases the protection system for all
Title: Re: How safe is our money in crypto?
Post by: Arybes on August 18, 2018, 07:27:11 PM
Some people suggest separating coins in different wallets and not storing them in one place, so I do. I realize, every action must have a risk. At least I have tried.
Title: Re: How safe is our money in crypto?
Post by: rizqillah on August 19, 2018, 12:42:16 AM
In the world of crypto where decentralization is the core feature, owners of wallet addresses own the full security to their wallets, thus, how safe you keep your login details and prevent yourself from phishing sites determines the security to your wallet. Never safe your login details in your email as you can get phished anytime because of the frequent airdrops and forms we fill for both good and fake projects.

Yes I see too many airdrops is scams. They are fake projectsm I personally prefer in bounty campaign.
Title: Re: How safe is our money in crypto?
Post by: felixesteban on August 19, 2018, 01:54:18 AM
If we're using the internet, we need to know that 100% security never exists. However, every person should take extra security measures to minimize the risk, otherwise he/she can lose his entire investment easily.
Title: Re: How safe is our money in crypto?
Post by: I-Bit on August 19, 2018, 01:58:39 AM
It absolutely depends on the user. If you can manage it with right way, I think our money will be secure in crypto. Just keep it in right wallet, keep the private key, and never share it to others. 
Title: Re: How safe is our money in crypto?
Post by: owmivmen on August 19, 2018, 02:53:28 AM
Learn to use crypto before investing a large amount. new crypto users can try to buy crypto which has a low value to start and seek experience in crypto trading.
Title: Re: How safe is our money in crypto?
Post by: Doctor on August 19, 2018, 04:01:05 AM
In the world of crypto where decentralization is the core feature, owners of wallet addresses own the full security to their wallets, thus, how safe you keep your login details and prevent yourself from phishing sites determines the security to your wallet. Never safe your login details in your email as you can get phished anytime because of the frequent airdrops and forms we fill for both good and fake projects.


I think crypto currency is high volatile. I think You must do with  smart strategy and be patient. I have do that.
Title: Re: How safe is our money in crypto?
Post by: Cryptoz on August 19, 2018, 05:00:34 AM
You are correct, It's all about how we keep our login details of wallets & protect from phishing sites. But How if we create a wallet of an ICO project, it is needed as a requirement to join a bounty program, then they ask to indicate the "log in" to process our rewards. Is it really secure for a participant?