The unfortunate truth is that the list of crypto hacks keeps growing, even in 2024. Despite all the improvements in securing decentralized asset storage, big hacks are still making headlines. Here are some major incidents from this year:

• $43 million lost on BingX on September 20.
• $234.9 million taken from WazirX on July 18.
• $290 million hacked from PlayDapp on February 19.

These incidents highlight just how crucial it is to protect your crypto wallets. It’s a two-way street—security relies on both the platform and the user’s actions.

In this article, we’ll chat about how you can protect your crypto assets and reveal what measures NOW Wallet has in place to keep your funds safe from external threats.

Security on NOW Wallet

If you’re looking for a safe spot to stash your crypto, NOW Wallet has got you covered! It’s a top-notch wallet that blends security and ease of use for everyone, whether you’re new to crypto or a seasoned pro. The security features are designed to keep your assets safe while making it easy for you to manage them.

So, what makes NOW Wallet stand out?

• You can create wallets using 12 or 24-word mnemonic phrases—easy to remember, hard to crack.
• You can recover or import wallets from other apps like Guarda, Exodus, and Trust using those same phrases.
• It uses three levels of encryption for private keys and mnemonic phrases, thanks to some of the best practices from big players like Google, Microsoft, and Apple.
• You can set up a PIN code and use Face ID or Touch ID to get into your wallet.
• Transactions are double-checked with PIN and biometric confirmation to keep things extra secure.
• You keep total control of your private keys and mnemonics—no third parties involved!

NOW Wallet is all about keeping your crypto safe while offering you a smooth experience. The team is constantly updating their security measures to tackle new threats in the cyber world.

Pro Tips for Safeguarding Crypto Wallets

Having great security features is key, but let’s be real — users often overlook basic safety steps that can make all the difference. Remember, the responsibility for keeping your funds safe is shared between you and the platform. Here are some pro tips to keep your crypto wallet secure:

1. Strong passwords matter! Make sure your passwords are tough to guess — think complex combinations of characters and numbers, or use a password generator. This will help protect your wallet from unwanted intruders.

2. Two-factor authentication is a must! Always enable 2FA for financial apps. It’s much harder for hackers to access your wallet and your device at the same time.

3. Verify everything! Be sure the websites and apps you’re accessing are legit. Phishing scams are everywhere, and it’s easy to fall for a fake site. Trustworthy services won’t contact you directly asking for info. Always check the URL!

4. Stay off public Wi-Fi. When accessing your wallet, use a secure connection. Public Wi-Fi can be risky—hackers love to exploit it!

5. Keep an eye on your transaction logs. If you spot a transaction you didn’t authorize, it’s time to take action!

6. Backup your wallet data offline. Keep a copy of your wallet info in a secure, offline location to ensure you don’t lose access.

7. Guard your credentials! Never share your wallet access details with anyone. Make sure your devices are protected with biometric locks or similar security features.

By combining top-notch wallet security with your own proactive measures, you can keep your crypto assets safe and sound. Remember, the responsibility for your funds is a shared one. That’s why NOW Wallet is committed to providing a secure wallet experience along with tons of useful features to help you manage your crypto.