Ways to protect your cryptocurrency account
Comprehensive tips on how to protect your cryptocurrency account
Protect your cryptocurrency account
Protect your cryptocurrency account
Contents hide
1
Protect your cryptocurrency account
1.1
Do not store cryptocurrency on cryptocurrency exchanges
1.2
Avoid public Wi-Fi networks
1.3
Protect your device
1.4
Enable two-factor authentication
Protect your cryptocurrency account
Cryptocurrency trading is a market with a high risk of price fluctuations and is considered a safe haven for scammers and criminals because it is hidden and distributed in many ways, especially with regard to fraud.
Considering that I have been a forex trader since 2008 and a digital forex trader for years, we have seen what is known as the forex market crash many times and experienced many times.
So much so that we know it in the market. Setting up a company and many attempts to steal accounts through hacking, here I will give you many necessary tips to protect your digital currency account from any hack.
Before going any further, we bring to your attention a post that will give you more tips and help you manage your capital while trading cryptocurrencies. Beware of scams
Phishing is a fraud method that uses various dirty tricks and is a fraudulent attempt to obtain sensitive information from users by posing as a trusted entity
Scammers use a very common scam method, which is to create a fake mirror of the trading platform or web wallet page used by cryptocurrency holders.
And if you enter your information, email and password, the correct page will use it to hack your account
To prevent phishing, make sure that the links that appear in your browser are the same as those in your business platform or web portfolio
There is also someone calling you claiming to be a representative of a company or platform, someone with the same name or a very similar username and similar image, in order to convince you of something and finally make you focus
Protect your cryptocurrency account
Protect your cryptocurrency account
Do not store cryptocurrency on cryptocurrency exchanges
The general rule is to store in trading wallets and exchanges, even if you can do that, it is good for the safety of funds, although many previous cases have shown this possibility.
Exchange the hack or work with the user's money
This could be due to a technical error or hack. If you are not planning to trade your coins anytime soon, transfer your funds from the trading platform to an external wallet
And if you dare and want to hold your cryptocurrency on the exchange, trade and your money only with your big and common money. Buy a hardware bag or what is called a cold wallet
Cold storage is the safest way to store cryptocurrency.
A hardware wallet is defined as a private device that has a private key, is protected from criminal eyes, allows the user to easily access their cryptocurrency, is not connected to the internet and is called a cold.
The most popular of these wallets are Treasure Ledger (Nano S) and Keepki
Private keys are stored in an inaccessible password
A mobile wallet allows users to sign transactions with a single click
The hardware wallet contains the words “return”. The recovery expression is 12-24 words long and allows users to transfer the key to another wallet in the event of theft or loss
Avoid public Wi-Fi networks
Wi-Fi can take you to the Kano website in your browser.
An exchange is sometimes a cloning site that mimics the trading platform or wallet you are using.
So, those behind public Wi-Fi can collect the data transmitted over the network, and if they have the password you type in, they can track you down more easily.
So it is best not to connect your wallet to public Wi-Fi.
If necessary, use a virtual private network (VPN).
This method is used to increase the privacy and security of private and public networks such as the Internet and Wi-Fi hotspots. Because companies often use VPN to protect cryptocurrency account and their sensitive data.
Protect your device Protect your cryptocurrency account
Protect your device Protect your cryptocurrency account
Protect your device
Having up-to-date and pre-paid firewalls and antivirus software is important because the free software out there does not provide real security and is relatively new to the hot dog industry.
Try not to install any software unless you are sure of its safety and security
You should not download suspicious links. Before installing any software on your computer, carefully research its reputation
You can use Google (Google Authenticator).
Enable two-factor authentication
Two-factor authentication refers to an additional level of security added to verify identity
This makes it difficult for hackers to hack into and steal your wallet or target your account against trading platforms
Because passwords themselves are vulnerable to cyberattacks.
In general, most cryptocurrency exchanges and wallets require two-factor authentication, and it is recommended to use two-factor authentication to access your account and withdraw funds.
Use a strong password: When opening an account on a cryptocurrency trading platform, you must use a very secure password
The password must contain numbers, uppercase and lowercase letters, symbols, etc
Stay away from simple numbers associated with your personal information, such as your date of birth, the date of birth of your children, and so on. No matter how small or big your capital is, trade using the most reliable and secure trading platform.
If you decide to trade cryptocurrencies, it is important that you protect them
One of the first answers you should get is to choose a platform to trade on, check their legal notices, read reviews from other users, etc.
The two best platforms for your trading platforms are Binance and Bybit.
We note that the Bybit platform is considered more securecontent://com.android.chrome.FileProvider/images/screenshot/1676824346354-498975545.jpg