9 easy ways to lose your cryptocurrency

9 easy ways to lose your cryptocurrency

View Reddit by allidoispkView Source

30 Comments on 9 easy ways to lose your cryptocurrency

  1. DealyMcDealerson

    You forgot not talking/bragging about your bitcoin holdings (or else risking a good old fashioned gun being held to your head by some thug)

  2. c0demancer

    Actually 2FA is often a bad idea if it’s with SMS. It’s ridiculously easy to hack (usually via social hacks). Authenticator 2FA is good though.

  3. DarthCoinMaster

    10 – You have a shop, you accept BTC but you use Bitpay or any other shit conversion for fiat. You just dump immediately the strongest currency in human history.

  4. b_ootay_ful

    I’m pretty new to bitcoin. I use Luno (due to my location) to exchange bitcoin. Not much, just about $130 to get myself going and learning the system.

    How do I go about moving my bitcoin off of an exchange? And how would I be able to still trade and buy/sell without an exchange? Where do I acquire a wallet? And if I do decide to cash out, how do I do that?

  5. womanderful

    > SOLUTION: Don’t click on suspicious links

    Use bookmarks.

    Don’t use google/ddg as your browser address bar.

    > SOLUTION: Don’t download unknown software. Update antivirus.

    Always check PGP signatures right after downloading.

  6. Cheesebaron

    Rant alert: I HATE the “use 2 factor authentication” part of it. One point on that infographic was “remove your crypto from exchanges” if you have done that then two factor authentication should be a moot point. Also: there is “good” (read: somewhat meaningful / decent) 2FA but there are many bad and poor implementations (especially the ones where you get an SMS; the scammer will just call your phone network provider and will use basics social engineering to get access). So,… Good passwords and good password practice is better than average 2FA IMO. People will not believe it, but flipping a coin 160 times beats 2FA.

Leave a Comment

Your email address will not be published. Required fields are marked *