How to secure cryptographic investment from hacks
The cryptocurrency world has gone a long way since its start in 2009. As Bitcoin, Ethereum and other digital currencies are growing, people have been able to invest and earn considerable money online. However, as with any investment, it is important to take precautions to protect your cryptographic investment from hackers and other security threats.
In this article, we will study the key tips on how to ensure your crypto investment and reduce the risk that you will be hacked.
Why cryptography is vulnerable to hacking
Before diving into security measures, let’s quickly discuss why cryptocurrency investments are vulnerable to hacking. Cryptocurrencies are decentralized, which means that they are not controlled by any government or institution. This makes it easier for hackers to start attacks on these systems. In addition, cryptocurrencies are often traded on online stock exchanges, which may be at high risk of hacking.
5 Best Ways to Provide Cryptographic Investments
To protect your cryptographic investment from hackers, follow these 5 best tips:
- Use strong passwords and two -factor authentication (2fa)
The use of strong passwords is essential to prevent unauthorized access to your cryptocurrency accounts. Try to use at least 12 characters long password, include upper and lowercase letters, numbers and special characters. You can also enable two -factor authentication on stock exchanges or wallets.
For extra security, consider using the password manager such as LastPass or 1Password to generate unique and sophisticated passwords for each of your accounts. In addition, using methods like SMS or Google authenticator, you can enable 2FA.
- Use hardware wallet
A hardware wallet is a physical device that keeps your private keys that are keys to unlock your cryptocurrency accounts. The use of hardware wallet can significantly reduce the risk of hacking by physically providing private keys.
Some popular hardware wallets are Ledger, Trezor and Keepkey. These wallets offer advanced security features such as encryption, safe storage and safe boot mechanisms.
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Stay informed of security threats
In order to protect the investment of cryptocurrency, it is very important to stay aware of the security threat. Follow reputable sources such as CoinDesk, CoinDell or decipher to maintain modern latest hacking trends and best practices for cryptocurrencies.
Protect Practice for Cryptographic Accounts
Here are some of the best practices for cryptography accounts:
* Be cautious with public Wi-Fi : Avoid public Wi-Fi networks when accessing cryptocurrency exchange or wallets. Wi-Fi may be vulnerable to hacking, so it is important to use a secure connection (such as https) and update the device.
* Use secure search engines : Use search engines such as DuckDuckgo or StartPage that does not follow your search. These search engines offer advanced security features such as encryption and secure data storage.
* Duplicate your data regularly : Duplicate cryptocurrency accounts regularly using cloud services such as Google Drive, Dropbox or Microsoft OneDrive.
How to recover from hack
If you become a victim of a hacker, it is important to take a quick action to reduce the loss. Here are some steps to take:
- Contact an exchange or wallet provider : Contact the exchange or wallet provider and report the incident as soon as possible.
- Change your passwords
: Change your passwords immediately and enable all affected accounts.
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Supervise your accounts : Follow the cryptocurrency accounts and be prepared to answer quickly if you notice a suspicious activity.