How to Keep Crypto Wallets Safe

How to Keep Crypto Wallets Safe
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Cryptocurrency has become a common name. Your friends, family, colleagues, and other people you know are now involved in cryptocurrency. You may have invested in crypto as well. But do you know how to keep your investment safe? The last few years have seen the launch of many cryptocurrencies. From global exchanges like Coinbase to local ones like Poloniex; from short-lived currencies like Dogecoin to inexhaustible ones like Bitcoin, cryptocurrency has become a buzzword. Sadly though, cryptocurrency is not safe from hackers and scammers. Even large exchanges get hacked every now and then.

Keeping your money secure in the crypto world is both an art and a science. The basic things that you need to keep your money safe are a strong password, a secured computer/mobile, and a secured email address. But even this is not enough. You must also take extra steps to keep your money secure whenever you do transactions related to cryptocurrency. Below are some of the ways that will help you in keeping your crypto assets secure:

Picking Strong Account Passwords

For every account that you open to transact with crypto, it is very important that you pick a strong password. If your email address gets hacked the attacker will be able to reset your passwords across various platforms and steal all your money from there. So make sure to change default passwords of all devices including mobiles and laptops; and use a unique combination of upper case and lower case alphabets, numbers, and special characters in your passwords.

There are a few things that you need to keep in mind while picking passwords:

  • Majority of websites require you to use upper case letters, lower case letters, numbers, and symbols for your password. But do not write down or share your passwords with anyone else.
  • Avoid using personal details in your passwords like birthdays, names of family and friends, or pet's name.
  • Use words that are easy to remember so that you do not have to rely on a password manager for recalling them. Try making short sentences using the first letters of the words.
  • Use two-factor authentication for all the accounts that support it. It will not only protect your personal devices but also keep attackers off from stealing your money as you trade on profitable Bitcoin Billionaire.

Staying Safe on Your Computer or Mobile Device

The biggest threat to your crypto wallets is not from hackers or scammers but rather from you. You are the weakest link when it comes to losing all your money through cryptocurrency. Staying safe on your computer or mobile device will prevent the loss of your funds, and even if somehow a hacker manages to get into your system he/she will not be able to steal all your money.

Always install a firewall and anti-virus software on your computer or mobile device. Keep it up-to-date so that you do not encounter security loopholes in the future. Hackers usually target outdated systems to steal cryptocurrency because there is less chance of being caught by law enforcement authorities. Using a VPN like Cyberghost will provide you with additional security and anonymity on the internet.

Conclusion

There are millions of phishing sites on the internet that look exactly like real websites so that they can trick gullible crypto users into giving out their passwords. You should always triple-check the URL bar before submitting your password or personal information. Renowned websites always use HTTPS as their default protocol while sending data over the internet so that nobody can sniff it out.

When you open a crypto account, do not enter your credentials on other websites even if they look legitimate. There are lots of websites that are designed to steal your credentials. So it is best to not open any other accounts until you complete the transaction or the sign-up process.

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