Hello,
Bitcoin is a decentralised asset and some people, especially beginners in the industry, can be lulled into a false sense of security because of this. What they should really pay attention to is that, due to the lack of centralised authority overseeing the asset, Bitcoin holders need to take full responsibility to secure and protect their wallets.
So here are some tips for all cryptocurrency traders, You can follow these tips, if you want to secure your wallet.
1. Keep your private key offline
You can protect your wallet by taking your private key off the grid and keeping it within the ‘real world’. Simply writing down your private key on a bit of paper will work, instead of saving it on any electronic devices. confirm you retain it during a dry place, shielded from heat and direct sunlight, to avoid deterioration.
2. Backup your wallet
Stored during a safe place, a backup of your wallet can protect you against computer failures and lots of human mistakes. It also can allow you to recover your wallet after your mobile or computer was stolen if you retain your wallet encrypted.
3. Never forget your password
You should confirm you always remember the password or your funds are going to be permanently lost. Unlike your bank, there are very limited password recovery options with Bitcoin. In fact, you ought to be ready to remember your password even after a few years without using it. In doubt, you would possibly want to stay a paper copy of your password during a safe place sort of a vault.
4. Use a robust password
Any password that contains only letters or recognizable words are often considered very weak and straightforward to interrupt . a robust password must contain letters, numbers, punctuation marks and must be a minimum of 16 characters long. the foremost secure passwords are those generated by programs designed specifically for that purpose. Strong passwords are usually harder to recollect , so you ought to lookout in memorizing it.
5. Add extra security layers.
The more layers of security, the higher . Setting long and sophisticated passwords and ensuring any withdrawal of funds requires a password may be a start. Use wallets that have an honest reputation and supply extra security layers like two-factor authentication and extra pin code requirements whenever a wallet application gets opened. you'll also want to think about a wallet that gives multisig transactions like Armory or Copay. A multisig or multi-signature wallet requires the permission of another user or users before a transaction are often made.
6. Wi-fi Wisdom
Be careful about where you go browsing when you’re employing a device that features a wallet thereon . Dangerous websites and risky wi-fi networks put your wallet in danger . At an equivalent time, don't leave your device unattended, or lend it to anyone.
7. One or Two Factor?
It’s best to enable two-factor authentication (2FA) if your wallet allows for it. 2FA is just a double authentication of who you're . 2FA Authentication are often wiped out alternative ways – Google Authenticator app uses a 6 digit code which is changing minute by minute and is exclusive to you, an alternative choice is to feature biometric authentication sort of a fingerprint. Whichever you select , 2FA is extremely important so as to extend security.
8. countercheck the Address
It’s important to double-check the address that you simply send any payment transaction to. There are malicious programs which will edit a ‘copy and paste’ procedure so as to stick a special address, the new address belongs to an attacker. It’s usually best to send a micropayment as a verification, then send the larger payment to the verified address.
9. DATA safty
Securing your software wallet is analogous to protecting any data on your computer. you've got to be a touch more paranoid while browsing the web , clicking on links and email attachments.
10. VPN Security
Mobile users may cash in of Google authenticator with one IP in its whitelist, which should be the VPN to access the web exchange.
Moreover, today in internet and new technology era. So, hackers always try to hack your privacy. If you want to know more about security technology related news and tips, you can visit Hide protection technology explained (https://sysepro.com/) site. It's an Arabic blog. But here you can learn more about security technology related tips.
So, you can follow these security tips for secure your cryptocurrency wallet.
I hope you understand.
Thank you.
Bitcoin is a decentralised asset and some people, especially beginners in the industry, can be lulled into a false sense of security because of this. What they should really pay attention to is that, due to the lack of centralised authority overseeing the asset, Bitcoin holders need to take full responsibility to secure and protect their wallets.
So here are some tips for all cryptocurrency traders, You can follow these tips, if you want to secure your wallet.
1. Keep your private key offline
You can protect your wallet by taking your private key off the grid and keeping it within the ‘real world’. Simply writing down your private key on a bit of paper will work, instead of saving it on any electronic devices. confirm you retain it during a dry place, shielded from heat and direct sunlight, to avoid deterioration.
2. Backup your wallet
Stored during a safe place, a backup of your wallet can protect you against computer failures and lots of human mistakes. It also can allow you to recover your wallet after your mobile or computer was stolen if you retain your wallet encrypted.
3. Never forget your password
You should confirm you always remember the password or your funds are going to be permanently lost. Unlike your bank, there are very limited password recovery options with Bitcoin. In fact, you ought to be ready to remember your password even after a few years without using it. In doubt, you would possibly want to stay a paper copy of your password during a safe place sort of a vault.
4. Use a robust password
Any password that contains only letters or recognizable words are often considered very weak and straightforward to interrupt . a robust password must contain letters, numbers, punctuation marks and must be a minimum of 16 characters long. the foremost secure passwords are those generated by programs designed specifically for that purpose. Strong passwords are usually harder to recollect , so you ought to lookout in memorizing it.
5. Add extra security layers.
The more layers of security, the higher . Setting long and sophisticated passwords and ensuring any withdrawal of funds requires a password may be a start. Use wallets that have an honest reputation and supply extra security layers like two-factor authentication and extra pin code requirements whenever a wallet application gets opened. you'll also want to think about a wallet that gives multisig transactions like Armory or Copay. A multisig or multi-signature wallet requires the permission of another user or users before a transaction are often made.
6. Wi-fi Wisdom
Be careful about where you go browsing when you’re employing a device that features a wallet thereon . Dangerous websites and risky wi-fi networks put your wallet in danger . At an equivalent time, don't leave your device unattended, or lend it to anyone.
7. One or Two Factor?
It’s best to enable two-factor authentication (2FA) if your wallet allows for it. 2FA is just a double authentication of who you're . 2FA Authentication are often wiped out alternative ways – Google Authenticator app uses a 6 digit code which is changing minute by minute and is exclusive to you, an alternative choice is to feature biometric authentication sort of a fingerprint. Whichever you select , 2FA is extremely important so as to extend security.
8. countercheck the Address
It’s important to double-check the address that you simply send any payment transaction to. There are malicious programs which will edit a ‘copy and paste’ procedure so as to stick a special address, the new address belongs to an attacker. It’s usually best to send a micropayment as a verification, then send the larger payment to the verified address.
9. DATA safty
Securing your software wallet is analogous to protecting any data on your computer. you've got to be a touch more paranoid while browsing the web , clicking on links and email attachments.
10. VPN Security
Mobile users may cash in of Google authenticator with one IP in its whitelist, which should be the VPN to access the web exchange.
Moreover, today in internet and new technology era. So, hackers always try to hack your privacy. If you want to know more about security technology related news and tips, you can visit Hide protection technology explained (https://sysepro.com/) site. It's an Arabic blog. But here you can learn more about security technology related tips.
So, you can follow these security tips for secure your cryptocurrency wallet.
I hope you understand.
Thank you.