WARNING: All Cryptocurrency Holders. Please, Please Take Action. NOW!
Dear friends, I continue to read stories of people going into their Exchange accounts and seeing there crypto balances at $0. This really breaks my heart to hear that peoples investments are being stolen. I know a lot of hard work goes into your investments. You work hard to save some extra money to invest while still paying for food, shelter, transportation. You do the research on what to invest in and you've gotten through the hurdles to actually get your money into the exchange system. Yes, a lot of work.
Now that you've made it this far: PLEASE, PLEASE, PLEASE TAKE STEPS TO SECURE YOUR COINS!
At the very least setup the 2 step verification process that most exchanges recommend. This will prevent someone from getting into your computer and getting your account credentials. Yes, it may be a pain to have to enter every time you signon to your account but it is the 1st line of defense. Please do this, TODAY. Also, remove your the phone number that you use for the 2 step verification process from social media sites to prevent hacking your phone.
Now if you have enough money invested in crypto that it would hurt if that money was lost, you need to get a hardware wallet! A Ledger Nano S or Blue, a Trezor. Get a good wallet that will meet your needs by accommodating a majority of coins you are invested in. Please do some research and order one. I know the Ledger Nano S is now available from Amazon within 2 days for a better price than I wrote about yesterday. I'm not pushing that particular one but I have experience with it and I know how easy it is to use.
MyEtherWallet is a good website that works with Ledger Nano S and Trezor. It will also help with other ways to secure your coins.
There are other less secure ways to store your coins but I have not researched them so I'm unable to comment.
Please secure your coins. Your computer and exchanges CAN be compromised. Don't think it can happen to you? Well yes, yes it can. Please take security steps to protect yourself!
If other Steemians have recommendations I haven't covered, please create a post yourself and reply to this one with a link to yours. Lets get the word out. There are new people coming into crypto every day and they may not be aware of the security risks. Those of us good people who have been around a bit have a responsiblity to help them along and protect them.
Good luck to all. Please be secure!
Previous Article:
https://steemit.com/cryptocurrency/@mikeflow/ledger-nano-s-in-stock-now-at-a-reasonable-price
Hardware Wallet Sale Pages:
https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46/ref=sr_1_3?s=pc&ie=UTF8&qid=1506452147&sr=1-3&keywords=ledger+nano+s
https://www.amazon.com/Satoshi-Labs-bitcoin-wallet-Bitcoin/dp/B00R6MKDDE/ref=sr_1_2?ie=UTF8&qid=1506516103&sr=8-2&keywords=trezor
Wallet Site:
https://www.myetherwallet.com/
Thank you for this reminder; I’ve been meaning to get a wallet for a while, all my coins are on an exchange currently 😑
Wow, $67.39 on currently Amazon! That's the cheapest I've seen the Ledger Nano S. I paid about $120 a little over a month ago when they were in short supply.
I should've waited a bit :)
I know, right? About a week after I got mine, Ledger must have shipped a bunch and the price went down to around $85. I was a little disappointed but at least my coins were safe so no worries.
And yours are safe as well so all the better :)
Oh yes, one more benefit of owning your own wallet if you own Ethereum. I checked my wallet after a month or so and found I had 2 airdrops of other coins there. Sweet! These may not be worth much now... but someday maybe?
Bought myself both a Trezor and a Ledger Nano, just to be safe and to be able to hold as many coins possible on a hardware wallet. Still, there are crypto's that are not supported by either one of them... :-(
Hey, good idea getting both! Yes it is disappointing that you can't store more coins on the wallets. I was able to store about 65% (dollar wise) of my holdings on the Ledger so I felt that much safer.
Great job keeping your coins safe!
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