Security of work with crypto currency. Personal opinion.

Why, the safety of working with crypto currency, and not some more useful topic? Many will say that this is one of the most useful topics, and they will be absolutely right. Now I'll tell you why.
In most cases, a person who begins to be interested in crypto-currencies, pursues some goals. Basically - this is a new way of settlement, a successful investment, a new way of saving and, of course, the possibility of direct active earnings due to speculations in the market of crypto-currencies. Still there is a highly specialized sphere - it is mining, mining of crypto-currencies. Of course, you can enumerate many more special and not very areas where you might need a crypt, but we will stop on this wonderful five.

Whichever direction you choose, each is costly. That is, your wallet will lose weight. And it does not matter whether it is simply converting money into a crypto currency or the cost of building a farm. All this is your blood money and their safety is also important, as well as the safety of your wallet.

Crypto-currency security

SECURITY OF A PURSE КРИПТОВАЛЮТ
It all depends on the amounts with which you will work using the crypto currency. Everything is very similar to cash transactions. Small amounts of about one hundred or three hundred dollars can be kept in the online wallet and in the local, not particularly bothering yourself. Of course, you need to take security measures and with such amounts. All this is money.

WHEN USING THE PURSE THAT WILL BE INSTALLED ON YOUR PC
Encrypt it and make a backup copy. This is the minimum action available to anyone and takes one minute of your time. Naturally, monitor the health of your PC system. If there is a cloud of viruses there is no sense in these actions.

WHEN USING ONLINE SERVICES
Choose the most popular and make all the recommended security measures. I think the online service itself will offer you to go through these steps to reduce the likelihood of theft of funds.

All actions for the first and second options will be described in separate articles on the pages of this blog. Links I will screw here. If I do not forget.)))))) In principle, this set of measures is enough to reduce the likelihood of hijacking your funds and to keep your quiet sleep. The likelihood of theft is equal to the same probability that occurs when shopping on shops or the dark streets of unsuccessful neighborhoods.

LET'S TALK ABOUT MORE SIGNIFICANT AMOUNTS
I save more than one thousand dollars only on my local wallet, and even then not quite. These tools are on several media in an encrypted state. In fact they are offline, approximately as in a personal home safe. Those. there is no data on the computer. In order to extract a small amount of money, I conduct such a ritual:

scan the computer for viruses;
restore the purse from the backup;
the transfer of part of the amount to another purse;
backup of the wallet;
remove the main purse from the computer.
Naturally we do not forget about the encryption and spread of backup copies on several media. Hemorrhoids you will say. Naturally, but it's better so than to lose the amount that lies on your wallet. Again, this is my method and if anyone has thoughts write. It will be interesting.

For larger amounts, there are already other tools that you will have to buy for money. Specialized cold wallets with unique access. But this is another story, which will be described in separate articles.

SECURITY WHEN DEALING WITH STOCK EXCHANGE CRYPTO CURRENCY
Oh, and the question is debatable, these exchanges are crypto-currency. Like everything in them is good. And the security of authorizations and reputation and solidity. But for a long time of communication they all could not stand the test for strength. That one hack, then the second server can not cope, one of the most enduring and solid BTC-E exchanges recently completely stopped its activity, I hope for a little while. And everything, of course, is not as sad as it seems. All exchanges are trying to restore serviceability to their servers and services, soothe with pleasant letters, assure the safety of funds through the Internet media, but there is my favorite "BUT." All this is my time, my nerves and my money.

MEANS ON THE EXCHANGE. MY METHOD
And so, there are not so many options for working with exchanges:

conversion of one crypto currency into another;
conversion to fiat funds, i.e. in those that you have in your wallet;
and everyone's favorite flirting with a course of crypto-currency for the purpose of enrichment.
You can certainly come up with more methods, but so far I have not thought about it.))

THE FIRST TWO OPTIONS.
They take 15-30 minutes of your time. You expel funds from your local wallet, convert to what you need and return it back to a physical or local purse. What precautions should you follow.
If the stock exchange is already familiar to you, what to think? They drove out money, carried out manipulations and are happy. But if you do not know anything about this service, then the feedback and branch of the exchange on the bitcointalk forum will help you. Naturally, trial conversion with a minimum amount. Read the forum, collect Old, think with your head.

THE THIRD OPTION FROM THE LIST IS VERY INTERESTING.
Let's start with a simple one. It seems to you that the rate of a certain crypto currency will rise in the long term. It happens, and this we see on the example of bitcoin. Everything is simple, the first method works. We throw money, buy bitcoin and display it on a local purse or online service. As you like, everything is described above. We are waiting and enjoying, in mind, calculating our profit.

And what if you want to work inside the day or the average period, so to speak plunge into the constant process of buying or selling, and not just one pair, but several?

Here we come to thoughts about checking for lice on exchanges with which we will work. Strongly we penetrate into the tools, we read the entire branch about the work of the exchange, we are looking for groups in social networks, we are looking for chats of live people. Particularly carefully examine the security tools of exchanges. And much more. In short, we begin to live with them. Parallel to working with everyone and watching with a sinking heart for their balances on the stock exchanges.

Fixing profit, or maybe loss, will help you know what kind of light you are. Tips for managing money will also help. No wonder this is already full on the Internet. Diversification - working with multiple exchanges at once, this is also not bad.

But one thing you must understand. Work on the exchange is a highly risky operation, complicated by the fact that it is the Internet, that 99 percent of operations with crypto-currencies are anonymous, and if something goes wrong, you can not find the end . Understanding these risks, you will find your method of working on exchanges, reducing them to the maximum minimum.

By the way about the risks, from 2013 I lost an amount equal to 0.00817 BTC on stock exchanges because of hacker attack. Miraculously hijacked 300 bucks from his BTC-E stock account a month before it was closed. I ran into delisting one of the coins on the poloniex exchange and could not return them until now. But all this is nothing compared to what I got. These are petty disappointments, which have long been written off as working expenses. So think for yourself, see for yourself ...)))

SAFETY WHEN WORKING WITH CURRENCY EXCHANGE KRYPTOVALYUT
It's all very simple. As I already wrote, the action takes 15-30 minutes, well, maybe more. It all depends on the exchanger. We are looking for an exchanger, depending on the currency pair. We are looking for reviews and discussions on the exchanger. We decide and change.

I keep silent about exchange rates and commissions. Naturally we are looking for the most favorable conditions.

After that we receive funds and write a thank you note about the exchanger. If something went wrong, then the mother of the host exchanger rough, but decent responses demanding a refund.

And, of course, we read closely the rules of the exchanger. One stupid mistake can lead to a failure of the administration of the service to make an exchange.

Then everything is simple. We choose for ourselves the most liked services and we work with them constantly. I have been working with an exchanger for more than three years, and I keep the stock exchange with the withdrawal of my coins in cash.

PS WELL, THE ARTICLE WAS NOT SMALL. ALTHOUGH THE GENERAL THESIS I WANTED TO FIT IN ONE AND A HALF SHEET A4, WELL, HOW IT HAPPENED. I THINK THAT THE BASIC CONCEPTS TO YOU ARE STILL CLEAR. WHAT DID NOT FINISH, SORRY. THERE ARE A LOT OF INFORMATION, AND IT'S NOT POSSIBLE TO PUT MENTAL STREAMS IN LINES AT ONCE. BUT I STUDY AND THIS IS IMPORTANT. AND YOUR QUESTIONS, REMARKS AND ADVICE WILL ALSO HELP. THANKS FOR ATTENTION AND UP TO THE NEW ARTICLES.