/biz/ - Business & Finance

Let’s get to some general security measures:
On every exchange, take your mobile and enable 2FA (two factor authentification). That way, when you want to withdraw cryptos, you need to enter a code from your mobile which changes every minute.
So even if your PC somehow gets compromised, an attacker is not able to steal your money, except when he also steals your mobile.
2FA is the easiest and most efficient way to secure your stuff on an exchange.
There is absolutely no reason to go without it and it should be the first thing to do after registering at an exchange.

Also, keep your computer safe. Better not watch that pron from the dubious website on the same computer you do cryptos with.
Or at least use a virtual machine for this and be much much safer. It is easier than you might think of. I am a finance guy and even I learned it with some tutorials from YouTube.

If you start to store coins on your own wallet for holding them long term, make sure you have offline backups.
And a backup from the backup. Store them in at least 3 different SAVE locations (e.g. one at your parents’ house, one in the cellar behind a brick and one at bank in a locker etc.).
Be aware of the dangers of doing this with HDDs, as they less resistant to damage than a stick.

Be paranoid. You are handling money and the number of scammers is huge. You can discuss and talk with other people on the internet like you always do, but never give out personal information (except your wallet address - besides someone sending you coins, nothing can happen). The "send me your coins, I double them"-scam is nothing but bullshit, but people still fall for it more often than you might think. Be aware of these things, even with dealing with people you write often with. Social engineering is an art for itself, which is mastered by many scammers and conman, just to trick you out of your stuff without you realizing it being bad.

Bancor (BNT) was just added to Bittrex.

Remember kids : never buy a coin if you missed the ICO. No reason you're paying for someone else's Lambo.

Friendly advice for all the newfags here :

In the following hours/days, lots of people here will shill for Bancor (BNT). They will try really hard to convince you to buy some.

Pic related is why you shouldn't listen to them. BAT, MYST and PTOY are the most important ICOs to date. See what happened? As soon as the tokens were released, the price dumped.

Why? Because people who were able to get into these ICOs wanted to cash their gains as soon as possible on noobs (you).

DO NOT buy Bancor if you missed the ICO. You will end up carrying some very heavy bags and lose a lot of money.

Why would you pay for someone else's Lambo?