In an era where investing in cryptocurrencies has become part of the financial reality, the importance of trading goes beyond profit; it also includes protecting those assets from increasing cyber threats. Thousands of users have been hacked and lost their coins in moments due to security negligence or over-trusting platforms.
If you own cryptocurrencies, this article is for you. Here are 7 golden steps to fortify your wallet against any theft or hacking attempts.
1. Use a cold wallet and stay off the internet
The safest way to store cryptocurrencies is cold wallets, which are offline storage devices like Ledger or Trezor. These wallets keep your coins away from the eyes of hackers and give you peace of mind.
2. Enable two-factor authentication and don’t just rely on a password
Make your accounts on trading platforms more secure by using two-factor authentication (2FA). This way, even if your password is leaked, no one can access your account without the confirmation code.
3. Do not leave your coins on trading platforms
Platforms are meant for trading, not for storage! Keep your money in your own wallet after each purchase or sale, as the security risks of platforms should not be underestimated.
4. Beware of fake links and phishing messages
Do not click on any link you receive via email or messages without verifying its source. Phishing attacks are the most commonly used means to hack digital accounts.
5. Make your passwords an impenetrable fortress
A strong password is the first line of defense. Make it long, random, and different for each account, and do not use personal information in it. Use reliable programs to manage them.
6. Update your programs regularly
Do not neglect updates for your systems, wallets, or security programs. Each new update often contains fixes for security vulnerabilities that hackers may exploit against you.
7. Store your private keys out of reach
The private key is the true access key to your coins. Do not store it on your phone or computer; instead, print it out and keep it in a safe place that cannot be accessed electronically.
Summary: You are the sole guardian of your wealth!
In the world of cryptocurrencies, there is no bank to protect you, nor any entity to retrieve your money after theft. You alone are responsible for the security of your wallet. By following the previous steps, you will be able to secure your digital assets and significantly reduce risks.
