How to protect your crypto from hackers
Unfortunately, along with the development and popularization of crypto-currencies in the world, the range of ways to hack the wallet and steal crypto assets is growing. With the development of digital technology, it is increasingly difficult to secure your funds. Following the simple, but not always obvious rules can save your crypto and nerves. This article describes the basic rules for protecting your wallet from scammers.
Crypto-currency payments have many advantages: privacy, speed, low fees, and no risk that the bank will reject the transaction. However, the use of blockchain wallets comes with many risks. The only thing standing between crypto criminals and your crypto-currency is the security levels you set. Some people don’t think it makes sense for a hacker to attack them, but that doesn’t mean you should disregard security concerns. Often, the hackers are not targeting a specific person, but a large group of users at once. And if you lose money, nobody will recover it for you according to the specifics of blockchain functioning.
Regardless of whether the wallet is used offline or online, the device you enter the wallet into must be protected. If this is a PC or laptop — be sure to install antivirus with a firewall. Try to check the URL carefully when you click on any links on the Internet. Even a slight difference in spelling shows that the site is fake. You should also check the functionality of the page: phishing sites often have only one window for entering your login and password. Also, you can save frequently visited crypto-currency websites and exchange platforms in your bookmarks, avoiding the risk of following a fake link. Activate all 2FA accounts using your smartphone.
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Create a reliable and unique password for your crypto wallet. Try to make it different from any other password you use (email, games, social networks, etc.). Moreover, use at least sixteen random characters, adding various punctuation marks and numbers. The key can be stolen because of a direct hacker attack or through phishing. There are different methods to protect against this threat. For example, many companies today use multiple digital signatures when several people approve a transaction at once. Furthermore, the concept of hot and cold wallets becomes pretty useful there. To minimize the risks, you shouldn’t keep vast amounts in the hot wallet. Instead, the major funds are better placed in a cold wallet without a permanent connection to the Internet.
However, 99% of crypto-currency security depends on the vigilance of the trader. Looking from the technical point of view, wallet hacking means finding a vulnerability in software or a physical (electronic) device. When the crypto holder ignores such gaps, creating vulnerabilities, the chances of hackers will grow exponentially. Nevertheless, if you use time-tested protection schemes, carefully assess risks, and apply modern security systems, crypto payment and investments offer additional business opportunities, especially for international expansion and cross-border settlements.
Bit4you is a European exchange platform that is designed to facilitate its customers with crypto-currency and give them an understanding of the crypto-currency market. Taking advantage of the bit4you service, you can buy, sell and exchange with more than 20 crypto-currencies without any limits. Practice with our demo mode and discover how to operate on the crypto-currency market risk-free. Determine when to buy or sell your crypto coins with the help of charts, indicators, and diagrams. Bit4you exchange platform is the best option if a fast transaction confirmation and a high payment speed are your priority. If you have any difficulties with the operation of the website, our short video help guides will answer all your questions.
Valentina BEREZA, Team bit4you
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