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full;12036 wrote:thrive;12035 wrote:Furthermore, some custody wallets might be hacked. As a result, these custody providers must implement their own security procedures to maintain the privacy of the private keys, which raises the possibility of the keys being stolen or compromised.
Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
fake news can be used to manipulate people's behavior, leading to product sales, support for various causes, and even recruitment into extremist groups.
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joanna;12038 wrote:full;12036 wrote:Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
fake news can be used to manipulate people's behavior, leading to product sales, support for various causes, and even recruitment into extremist groups.
Fake news can fuel selective exposure, confirmation bias, and social media echo chambers that reinforce people's beliefs, dividing cryptocurrency supporters into opposing camps.
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joanna;12051 wrote:joanna;12038 wrote:Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
fake news can be used to manipulate people's behavior, leading to product sales, support for various causes, and even recruitment into extremist groups.
Fake news can fuel selective exposure, confirmation bias, and social media echo chambers that reinforce people's beliefs, dividing cryptocurrency supporters into opposing camps.
Therefore, false news always causes a negative impact, and it is essential to fact-check and verify information before accepting and spreading it.
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IyaJJJ;12053 wrote:joanna;12051 wrote:fake news can be used to manipulate people's behavior, leading to product sales, support for various causes, and even recruitment into extremist groups.
Fake news can fuel selective exposure, confirmation bias, and social media echo chambers that reinforce people's beliefs, dividing cryptocurrency supporters into opposing camps.
Therefore, false news always causes a negative impact, and it is essential to fact-check and verify information before accepting and spreading it.
Its was said that "our personalities start from what we preach", people get more exposed to words day by day searching for truth.
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Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
They do come in a variety of forms, the best for maximum security is a desktop wallet (preferably air-gapped), a paper wallet of done properly, and a hardware wallet.
Always make the most informed choice when dealing with assets.
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joanna;12038 wrote:Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
They do come in a variety of forms, the best for maximum security is a desktop wallet (preferably air-gapped), a paper wallet of done properly, and a hardware wallet.
Always make the most informed choice when dealing with assets.
For really is desktop wallet the Best and most secured Wallet? I probably am missing what the discussion is all about but cold storage wallet are the best and safest.
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A user’s cryptocurrency is only as safe as the method they use to store it. While crypto can technically be stored directly on an exchange, it is not advisable to do so unless in small amounts or with the intention of trading frequently.
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For larger amounts, it’s recommended that a user withdraws the majority to a crypto wallet, whether that be a hot wallet or a cold one. This way, they retain ownership of their private keys and have full power and control over their own finances.
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<div class="quotebox"><cite>Lanistergame2;12094 wrote:</cite><blockquote><div><div class="quotebox"><cite>joanna;12038 wrote:</cite><blockquote><div><p>Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.</p></div></blockquote></div><p>They do come in a variety of forms, the best for maximum security is a desktop wallet (preferably air-gapped), a paper wallet of done properly, and a hardware wallet.</p><p>Always make the most informed choice when dealing with assets.</p></div></blockquote></div><p>For really is desktop wallet the Best and most secured Wallet? I probably am missing what the discussion is all about but cold storage wallet are the best and safest.</p>
Using a hot wallet can be risky since computer networks have hidden vulnerabilities that can be targeted by hackers or malware programmes to break into the system.
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Keeping large amounts of cryptocurrency in a hot wallet is a fundamentally poor security practice, but the risks can be mitigated by using a hot wallet with stronger encryption, or by using devices that store private keys in a secure enclave.
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A user’s cryptocurrency is only as safe as the method they use to store it. While crypto can technically be stored directly on an exchange, it is not advisable to do so unless in small amounts or with the intention of trading frequently.
Yes it's possible to keep your funds on an exchange we have seen people do it but the fact is that it's very risky doing that and your funds can get hacked or frozen.
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<div class="quotebox"><cite>Camavinga;12155 wrote:</cite><blockquote><div><p>A user’s cryptocurrency is only as safe as the method they use to store it. While crypto can technically be stored directly on an exchange, it is not advisable to do so unless in small amounts or with the intention of trading frequently.</p></div></blockquote></div><p>Yes it's possible to keep your funds on an exchange we have seen people do it but the fact is that it's very risky doing that and your funds can get hacked or frozen.</p>
Hey mate, leaving your funds on an exchange is a terrible idea. If that organization crashes your money is gone for good you can't get it back.
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Keeping large amounts of cryptocurrency in a hot wallet is a fundamentally poor security practice, but the risks can be mitigated by using a hot wallet with stronger encryption, or by using devices that store private keys in a secure enclave.
Using a hot wallet to store large amount of funds is a terrible idea and there is little option to mitigate the risk. The only way you can be secured is if you use both a hot and a cold wallet with the hot wallet only holding small amount of funds.
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MRBEAST;12161 wrote:<div class="quotebox"><cite>Camavinga;12155 wrote:</cite><blockquote><div><p>A user’s cryptocurrency is only as safe as the method they use to store it. While crypto can technically be stored directly on an exchange, it is not advisable to do so unless in small amounts or with the intention of trading frequently.</p></div></blockquote></div><p>Yes it's possible to keep your funds on an exchange we have seen people do it but the fact is that it's very risky doing that and your funds can get hacked or frozen.</p>
Hey mate, leaving your funds on an exchange is a terrible idea. If that organization crashes your money is gone for good you can't get it back.
I doubt if any exchange can crash or see it coming and not give prior notice to its users to move their funds away but avoid saving your wallets on an exchange. It should serve its primary role which is for buying and selling of Cryptocurrency
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A crypto exchange is not an exchange. A crypto exchange is a bank.
Once you understand that you should be very worried. An exchange, for example the Nasdaq, does not hold your stock. If it goes bust you do not lose a single share of AppleAAPL or any other investment. It just handles your interaction between other financial providers. It is a venue, not a vault.
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I doubt if any exchange can crash or see it coming and not give prior notice to its users to move their funds away but avoid saving your wallets on an exchange. It should serve its primary role which is for buying and selling of Cryptocurrency
It is very possible for a crypto exchange to be hacked and not give any notice to their users. Some of them will even be aware of a data leak on their server end and they won't inform their users to make any changes for fear of damaging their reputation.
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Exchanges should never be trusted because anything can go wrong. They can be hacked and they may not have the opportunity to explain or inform anyone in time.
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Their reputation will eventually get damaged if their users get to know about this things on their own, which is why the Utopia P2P ecosystem always has a way of getting hold of their users trust because they treat them as priority which is how it should be
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JONSNOWING;12321 wrote:I doubt if any exchange can crash or see it coming and not give prior notice to its users to move their funds away but avoid saving your wallets on an exchange. It should serve its primary role which is for buying and selling of Cryptocurrency
It is very possible for a crypto exchange to be hacked and not give any notice to their users. Some of them will even be aware of a data leak on their server end and they won't inform their users to make any changes for fear of damaging their reputation.
I dont agree with you. Its actually said that its not met to leave your fund in there. Its more protective more people can actually help to contribute to this.
And perhaps its nice to see the bigger picture of the crypto.
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<p>Their reputation will eventually get damaged if their users get to know about this things on their own, which is why the Utopia P2P ecosystem always has a way of getting hold of their users trust because they treat them as priority which is how it should be
Most times it really doesn't get damaged because many crypto user are not cautious of their privacy. We saw that with ledger hardware wallet where users still patronize them after they had a data leak.
And you are right, the utopia team treat we the customer as the priority.
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Exchanges should never be trusted because anything can go wrong. They can be hacked and they may not have the opportunity to explain or inform anyone in time.
Even if they explain or inform their user in time the hack has already happened and there's no way to safeguard it than to pray for the possible mistake of the attacker which will expose the attacker.
Having said that, we only talk about exchange but I believe people need to be careful of the wallet they also use either. Do you hear what happens to Atomic Wallet?
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Even if they explain or inform their user in time the hack has already happened and there's no way to safeguard it than to pray for the possible mistake of the attacker which will expose the attacker.
Having said that, we only talk about exchange but I believe people need to be careful of the wallet they also use either. Do you hear what happens to Atomic Wallet?
If it was a data leak publicly announcing it on time can help users protect any account they have linked to their email or similar passwords.
About Atomic wallet, the big pointer here is that it was closed source, so no one knows exactly what went wrong that led to the hack, if at all it was a hack.
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Do you hear what happens to Atomic Wallet?
Yes I did hear about what happened to atomic wallet. It was a very unfortunate situation for their users, i have never personally used the wallet but I know some people who use them and lost their funds.
Do you know if they've released a statement yet?
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According to their fury, there will be a massive departure from Atomic to more secure wallets like Ledger soon.However, with what has just happened, users will gladly delist it.
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However, it has now been reported that ZachBTX, an on-chain sleuth known for tracing stolen funds and hacking projects, is also participating in this investigation.
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