Personally I was shocked by the news that crypto investor Ian Balina had been hacked for millions in ether (
https://www.ccn.com/ian-balina-hacked-for-millions-through-old-email-account/).
Being a "newbie" in the crypto-world I asked myself a question: "what should I do to protect my earnings?".
It is much better to lose $10 and understand what can happen and how to avoid it, than to lose $100 or more.
With this respect what would you recommend?
Backing up your private keys? Printing them out? Creating e-mails that could never be accessed by anyone?
One thing you should never do is this:
Balina stored the personal and public keys he needed to access his digital assets on popular cloud storage program
Basically nothing related to bitcoin was "hacked" , and his way of doing things is just puzzling:
Balina recalls receiving a message about his college account being targeted, saying I remember getting an email about it being compromised and tried to follow up with my college security to get it resolved, but wasnt able to get it handled in a fast manner and gave up on it thinking it was just an old email.
You receive a security message about your email being compromised and you don't think about changing passwords to all your accounts?
About storing your private keys on a cloud service I'm not even going to comment, .....
Best way to secure your coins would be to get a hardware wallet and store your recovery phase somewhere where you are 100% nobody can get access to it.
Or go for paper wallets although personally I really don't like them.
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