There is no crime in cryptocurrencies. What do I mean by that?
If someone steals your cryptocurrencies, or someone deceives you into buying a product or cryptocurrency but you never receive it, or any other type of fraud, you can't go anywhere to claim anything.
On the one hand, the cryptocurrencies you own may be quite profitable, but on the other hand, there is a chance that you will lose all of them if you don't take the appropriate measures. Security is not something you should neglect. This means that everything is judged by your choices and the security measures you will use.
Let's take a closer look at the security measures that one must take to ensure that crypto are secure. We recommend that you take the appropriate measures as security is a must.
Password Management
Security starts and ends at passwords. Especially in the field of cryptocurrencies where there are countless options for exchanges and wallets, it is quite possible to use several of them.
The first security measure is not to have the same password for each account you manage. It is recommended that you have a different password for each service. It's a good way to protect yourself if a password is compromised.
However, if several different codes are used, there is a good chance that you will forget some of them. For these cases an application that manages passwords is the ideal solution. There are several programs for managing passwords, but the one we use and are completely satisfied with is Dashlane.
Get free 6 months of premium in Dashlane if you signup by my referral link.
Two-Factor Authentication
Although a strong code is necessary, it can be proven that it is not quite enough safe measure on its own.
Two-factor authentication is an additional security measure used to protect accounts. It requires in addition to the username and password, an additional code to connect to the account where 2FA is enabled.
This practically means that even if someone knows your access details to your account, they will not be able to login unless they have your mobile phone in their possession to enter the additional code.
It is a measure that I consider necessary, if not for all the services you use, certainly for those that you have a high value of cryptocurrencies.
Follow these steps so you can implement Two-Factor Authentication with the help of Google Authenticator.
- Most cryptocurrency wallets and exchanges have the option to enable Two-Factor Authentication.
- Download the Google Authenticator app to your mobile from Google Play or the App Store.
- Open the app and press the red button at the bottom right of the screen.
- Select if you want the barcode to be scanned or enter the key provided. This should be done for any account on the services you want to login.
- When you try to login to an account that has 2FA enabled, you will also need to enter the 6-digit number that appears in the application.
Adblocker
Nowadays advertising is everywhere. In cryptocurrencies space that concern us, it is imperative that you have an application in your browser that will block ads.
As there are many scam projects, you will see that there are several ads that refer to high risk websites. Adding an Adblocker gives you a higher sense of security as well as a better user experience.
If you want to improve your security, you can try Brave Browser. It is one of the most popular browsers that respects our privacy.
VPN for Anonymity
A fairly important safety and protection measure is ensuring your IP. This is achieved by using a VPN, the abbreviation for Virtual Private Network. In recent years, their use has increased rapidly as there are more and more risks in our online activity.
IP address is one of the key things that someone needs to hack you. Using a tool that hides or differentiates the IP, you have automatically added security and protection to your data.
Whether you will use VPN for your web browsing is clearly your choice, but I think it is an additional powerful protection that is considered necessary.
Hardware Wallet
Hardware Wallets are a secure and offline form of cryptocurrency storage. It is an external device, in the form of about a USB flash drive, where private keys are stored for more security.
There are countless free software wallets, however if you want to store high value of Bitcoin and other cryptocurrencies., a hardware wallet is recommended. They are the safest type of crypto wallet as they are stored in an offline environment.
I am using the hardware wallets of Ledger and I think that they are the best on the market.
Read more here: How to Choose the Best Cryptocurrency Wallet
Encrypted email
By using an encrypted email you give extra protection to your emails which are used in cryptocurrency exchanges. That makes it harder for someone to compromise your emails and access your personal information, such as passwords.
Protonmail is a popular and reliable email service and the process to get email is almost the same as the popular gmail, hotmail, yahoo services, except that they do not provide data encryption.
You can access your emails directly from protonmail.com or from mobile apps on Google Play or the App Store, depending on your device.
Using an encrypted email is an extra level of security.
Conclusion
It is not enough just to HODL or trade cryptocurrencies, no matter how high profit margin you can gain, but also to try to protect them.
Securing and protecting your assets is your business and only yours, and you need to take some necessary steps to make it as safe as possible.
Which ways of the above do you use? You can comment below and don’t forget to subscribe!
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