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Author Topic: What is your best Bitcoin Security practices?  (Read 68803 times)

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Offline Areding

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Re: What is your best Bitcoin Security practices?
« Reply #75 on: November 21, 2018, 08:13:52 AM »
Only you yourself can secure your money, for that you simply do not need to be naive and look for different sites where you are promised a doubling cue ball or a good course


Offline cryptograbber

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Re: What is your best Bitcoin Security practices?
« Reply #76 on: November 21, 2018, 02:03:05 PM »
The best practice to secure your crypto money - is to think and check twice before making any transaction. Most mistakes that were made by me were made when I was making my decisions in hurry!

Offline squadus

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Re: What is your best Bitcoin Security practices?
« Reply #77 on: November 26, 2018, 11:19:19 PM »
Use a hardware or paper wallet to keep your Bitcoin in an offline location. This will protect it from hackers.


In addition, putting your Bitcoin into an IRA would be ideal for maximum security and insurance.
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Offline Tranf

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Re: What is your best Bitcoin Security practices?
« Reply #78 on: November 27, 2018, 10:29:50 AM »
I agree, you can only protect your money if you are attentive to everything. Everything needs to be checked and to perform actions only through trusted people.

Offline squadus

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Re: What is your best Bitcoin Security practices?
« Reply #79 on: December 02, 2018, 03:05:17 AM »
Definitely learn how to properly make a secure bitcoin investment.


For starters, you will need to learn how and where you can purchase Bitcoin. A reliable exchange such as Gemini or Paxful is a good start.


Second, you will need to grab a good cold wallet. A hardware wallet is the most secure and versatile option for investors. Savvy investors can start a Cryptocurrency IRA or 401k and/or make an insured cash investment. Personally, I have a Ledger Nano S from the Black Friday promotion.
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Offline coinologist

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Re: What is your best Bitcoin Security practices?
« Reply #80 on: December 14, 2018, 09:33:40 AM »
After all the horror stories, making sure I'm safe with whatever platform I use is my top priority. Take a look at XCH4NGE (www.xch4nge.com), they're the most professional and safe platform I've used so they're definitely worth checking out

Offline FutureICO

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Re: What is your best Bitcoin Security practices?
« Reply #81 on: December 16, 2018, 03:42:18 PM »

Well for starters, you need to have the Bitcoin wallet secure, then everything else like investment comes into picture. Unfortunately, the majority I know don’t have much info about the wallet stuff. They just follow what everyone does so there is no further input by themselves, which creates all the trouble.


So, we need to first understand that concept, and only after we are done with it that we could move towards betterment of things in terms of safety/security, and eventually investment.

Offline ThePowerOfOne

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Re: What is your best Bitcoin Security practices?
« Reply #82 on: December 28, 2018, 09:08:28 AM »
Elegro wallet is amazing product. Best of it’s kind. Once registered, I gain the full package of tools to work with crypto. I also think it is great solution for a merchant who wants to increase his range of customers as many people own some crypto nowadays.

Offline cryptozebra

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Re: What is your best Bitcoin Security practices?
« Reply #83 on: December 28, 2018, 12:38:15 PM »
I use the default Bitcoin client BitcoinCore. Ok, you need to download the whole blockchain (about 200 GB) but that's worth it.

Offline VladEx

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Re: What is your best Bitcoin Security practices?
« Reply #84 on: January 31, 2019, 07:39:36 AM »
I prefer cold wallets, hardware and paper wallets. But really, no one steals your funds if you are attentive.

Offline letsgetit

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Re: What is your best Bitcoin Security practices?
« Reply #85 on: February 03, 2019, 09:47:00 AM »
It’s unquestionably an eventful time in the world of cryptocurrency and blockchain. If you want to participate in the space, just make sure you’re willing to accept the associated risk and to minimize that risk by doing everything you can to secure your digital assets and identity.

Offline Crypt0Pro

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Re: What is your best Bitcoin Security practices?
« Reply #86 on: February 04, 2019, 06:28:31 AM »
Agree with the most replies concerning the main security practices.

Offline HighBank

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Re: What is your best Bitcoin Security practices?
« Reply #87 on: February 15, 2019, 09:51:58 AM »
Blockchain distributes the same information to every user (or node) on the blockchain network. When you make a change, the network validates it and then miners (nodes rewarded for updating the blockchain) add that transaction into a new block, which is then added to the blockchain. HighBank believes that Bitcoin’s dominance will diminish in the future as more players join the crypto marketplace. Notably, Ethereum—a Blockchain unveiled in 2015 by Vitalik Buterin—has demonstrated its potential to change the entire structure of crypto markets via its smart contracts capability. 
Best Regards,
The HighBank Team

Offline letsgetit

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Re: What is your best Bitcoin Security practices?
« Reply #88 on: February 19, 2019, 03:51:22 PM »
using Bitcoins for international payments is cheaper since they are not tied to any country and is not subject to any government regulation. Small businesses love the fact that there are no fees with using this crypto currency and that’s why you can find a lot of them using Bitcoins in doing business now

Offline HighBank

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Re: What is your best Bitcoin Security practices?
« Reply #89 on: February 20, 2019, 04:08:54 PM »
You can follow my suggestions to keep safe your bitcion or other crypto currency. Keep separate wallets. If the wallet you use for spending bitcoin also contains your entire bitcoin holdings, your savings will be vulnerable to various types of abuse. Don't keep your savings in a web wallet. Protect your privacy. Never share your private keys with anyone else. If your wallet address (ie. your public key) is the equivalent of your bank account number, then your private wallet key is your PIN. Once you have a file containing your wallet keys, you can put this anywhere: flash drive, optical disk, portable hard drive, on paper, etc.
Best Regards,
The HighBank Team


 

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