7 Ways To Keep Your Cryptocurrency Safe
Bitcoin and crypto have become very popular over the past several years. There are many reasons for this as many people have made a lot of money even billions of dollars from it.
Also, people see it as an easy way to make money in just a matter of time.
However, many people like crypto and especially Bitcoin simply because it is a decentralized currency and no one has control of it.
There are many reasons and qualities that people are adopting
Cryptocurrency has a lot of advantages such as ease of transaction is one of the qualities that will be the most popular attribute of this digital currency in the future.
Not only this, the outstanding qualities like Bitcoin are not run by any particular organization.
It allows you to send hundreds of millions of dollars from one place to another without the intervention of a bank.
Since it does not have a physical existence, it is very easy to use on one hand, but keeping it safe is still a problem for many people.
How To Keep Your Cryptocurrency Safe
There have been many incidents in the recent past where many people lost millions and millions of dollars, so finding a safe place where they can keep their digital currency is a concern.
Today I am going to tell you all the safe ways that you can use to keep your digital assets safe.
Which can help you sleep at night without any worries
A small mistake on your part can be very harmful to you and it can be a dangerous result for your funds.
Today I will tell you all the ways that will protect your funds from hackers in any form. I will also mention the things that make your funds easy for hackers to steal.
1- Use Different Email
The first mistake that many people make is they use the same email for everything including social media platforms, and crypto exchanges, because of which all your accounts with that email are at serious risk.
All the accounts on the same email are connected and can be hacked at any time.
The first thing you should do is create a separate email address for crypto exchanges.
Even better is to create a separate email address for each exchange as well so that your accounts are not compromised.
2- Be Careful on Telegram
Since people often ask about their crypto-related issues on Telegram, hackers are also regularly present there and can fool anyone at any time.
All Crypto Exchanges and Tokens have their own Telegram Group. Whenever you have a problem, you often try to go to the Telegram group and find a solution to your problem. But when you go there۔
So many people pretend to be the official representative of that token or exchange and ask you for your account password and email.
Don’t tell your email, password, or even your problem۔ to anyone on Telegram.
That is why I suggest you open a support ticket on the official website instead of asking about your problem on telegram and telling them your problem there.
They will give you the full solution and never ask you for your account and other information like a password.
The exchanges and crypto teams have said many times that the representative will never ask for an e-mail, it is not official if it does.
3- Don’t Use Other’s Devices
The next thing that is very important in terms of security, is that you never open your account with someone else’s device
Even if it is an Internet cafe for example, where many people use the same device to access the Internet.
it is very dangerous because you can leave your account without logging out from the device.
You can also provide other information about yourself to people.
So don’t trade your crypto account in an internet cafe, or someone else’s laptop, mobile, or computer.
4- Create A Strong Password
Now comes the need for a strong password.
If your password is not strong, your account is not secure at all.
A strong password has qualities such as:
- Long Password
- Use special characters
- Use a different password for each account
If your password is long and contains special characters, it becomes almost impossible for hackers to crack it.
5- Keep It Private
Do not tell anyone about your crypto assets. For example
- How much worth of crypto do you have?
- Where do you keep them?
Because we have to look and think from every angle to keep safe from scammers.
And telling people about your assets gets you noticed, especially by scammers.
Which can result in your funds being lost and hacked.
6- Read The Spelling
It has happened many times that I receive an email with a name that is very similar to the crypto or exchange name.
And without consideration, you don’t know whether it is real or fake.
There is very little difference in spelling which makes one very easily deceived.
Secondly, hackers and scammers create websites with the same design as a popular token or newly launched token with only one letter difference.
And by giving your address there, it steals funds by asking people to send tokens to this address, and in returns, you will get so many tokens or so many tokens for free.
In this way, they cheat on many people and steal their funds
7- Care About the Transaction
Many people send their crypto from one place to another but it never reaches the other place
There may be several reasons for this
- Choosing the wrong network
- Entering the wrong address
So you should transfer a small amount first so that you know if this address is correct or not. Then you can continue the transaction further.
8- Use A Hardware Wallet
Another way is to keep your crypto in a hardware wallet such as Ledger Nano. It is one of the safest options. It is connected with an app called ledger live.
This app helps you manage your crypto in your hardware wallet.