How to secure your cryptocurrency wallet?

Discussion in 'Off-Topic' started by Skhan28, Jul 8, 2020.

  1. Skhan28

    Skhan28 New Member

    Hello guys,
    Science is evolving day by day, and many new technologies and gadgets are being discovered. At the same time, human privacy is being threatened day by day. Because these technologies have both good and bad sides. And hackers use these bad aspects. So you need to ensure maximum security of your privacy. Today i will tell you how you can secure your cryptocurrency wallet. because it's very necessary for our cryptocurrency trading business.

    Cybercriminals are using many malicious tools, like malware, ransomware, and viruses, to focus on individuals. But these malicious tools aren’t just designed to access your sensitive information. because the popularity of cryptocurrency has risen dramatically over the previous couple of years, cyberattacks on cryptocurrency holders have also increased. Many reputable cryptocurrency exchanges, including Binance, have also been the victim of security breaches.

    Some crypto users have also become victims of faux cryptocurrency wallets — having their holdings stolen as soon as they transfer them. Keeping your crypto and other digital assets safe is imperative.

    1. Always use a secure internet connection
    Most public networks are vulnerable and have security flaws. If you've got a Bitcoin wallet on your laptop, try using your phone’s hotspot instead and avoid connecting to public networks in the least costs when accessing your wallet.
    The best thing is to use only home or well-known networks, where you're certain connections aren't being easily exposed to security flaws.

    2. Store your coins during a cold wallet.
    An offline hardware device sort of a USB or disk drive avoids storage on a web exchange. Jason Glassberg, co-founder of Casaba Security, says the essential idea is crypto investors got to be ready to see and feel their money. "The QuadrigaCX situation may be a exemplar of 1 sort of risk, but another more common threat is from hackers who routinely target the web exchanges, wallets and other methods of storage to steal currency." USB devices have buttons that need users to verify or cancel transactions by touching the device, says Benjamin Cole, an professor at the Gabelli School of Business at Fordham University. "That ensures no hacker can record your keystrokes," he says.

    3. Use good and up-to-date antivirus software
    While Windows users usually are exposed to a wider sort of malware, all operating systems have their share of malicious programs. you ought to therefore check whether your computer has an up-to-date and reliable antivirus software installed. Since most cyber attacks use viruses and malware to access and tamper together with your device, it's important to try to to a correct device scan before installing your wallet.

    4. Use Two-Factor Authentication
    Two-factor authentication (2FA) is one among the simplest ways to make sure the security of your crypto wallet. 2FA offers an additional layer of password security to your crypto wallet. Many popular wallets offer two-factor authentication as standard — you'll easily set this up in your account settings. You’ll be ready to connect your crypto wallet account with a 2FA app like Google Authenticator. The app will generate time-based one-time passwords, refreshing every 30 seconds.

    5. Don't keep all of your cryptocurrency during a single place.
    This is almost like any standard investment advice, but you should not keep all of your eggs in one basket, Wenzler says. "Should an exchange be lost for any reason, you'll protect your investment and minimize the impact of any loss by spreading out where your currencies are stored and the way you're managing them," he says. While it's more time-consuming and requires you to stay better track of things, it is a safer risk management strategy.

    6. Always Download A Trusted Wallet
    With the increase in fake cryptocurrency wallets and apps, it’s more important than ever to make sure you’ve downloaded a trusted wallet.
    Always double-check the developers behind your chosen wallet — albeit the wallet or app is out there on a reputable app store like Google Play or the App Store. CoinSpace, provides a set of trusted, verified cryptocurrency wallets to store Bitcoin, Ethereum, Litecoin, and more.

    7. don't access unknown or suspicious linksBe careful together with your online activity and always check the link of the location you’re on if something feels strange. Internet scammers can clone entire websites and use almost identical URL addresses to the authentic ones. If you employ a web wallet or an identical service where you're required to enter the private key, confirm to verify that the web site address is that the authentic one.

    Moreover, another important piece of information is to use this remarkable discovery of technology in the right way to protect your privacy. Accurate knowledge is required to protect one's privacy. Online you will find many websites that can give you various tips about this technology. However, not all websites are able to provide accurate information. There are some websites where you will find the right knowledge to protect your privacy with security. I will advise you Hide protection technology explained. (وأضح فاخفاء تكنولوجيا الحماية) on This site. On this site, you will learn about the many wonderful discoveries of current technology, as well as the security of your privacy. This is an Arab Blog, Contains a large number of technical articles and exclusive explanations related to technology.

    SO, here are some tips for you. I hope you understand.
    Thank you.

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