Whether you give them access or not, hackers will try to find their way into your wallet to steal your cryptocurrency. The best weapon you have against them is to be ready for them before they are ready for you.
Hence, the Coin Dispute Network has outlined 6 of the best ways to keep your cryptocurrency safe from hackers. The Coin Dispute Network has continuously leveraged its connections within the blockchain to recover stolen crypto for victims of crypto scams and hackers.
6 Best Practices For Securing Cryptocurrency From Hackers
Always Ensure You’re Connected To A Secure Internet
The first step to cyber security and keeping your cryptocurrency safe is ensuring you are constantly connected to a secured internet. Lock your home Internet with a secure password, and you can enable exceptional WiFi for guests so they don’t have access to the passcode of the other.
It would help if you also were wary of other WiFi networks. It’s best to use a Virtual Private Network (VPN). Ensure that you always have overall good online security when dealing or transacting with your crypto.
Always Use Strong Passwords
A strong password is an essential yet crucial step to keeping your crypto safe. Make your passwords long and hard to guess, but not for you. Avoid using your name, partner’s name, date of birth, or anything that can easily be attached to you.
Use A Password Manager
The experts at Coin Dispute Network recommend using password managers to help you generate unique and complex passwords and retrieve them when necessary so you don’t have to remember them. All you need to remember is the password to unlock the manager.
This will also prevent you from using the same password multiple times. Ensure that you sign out from your Password Manager after use.
Make Use Of Multi-Factor Security
This security measure requires multiple keys or passwords to access whatever you set it for. That way, hackers won’t know the other if they gain access to one of your passcodes.
You can also use hardware (flash drive) for your multi-factor or two-factor authentication. This way, the hacker will need physical access to you, thus reducing your chances of your account getting hacked.
Properly Secure Your Seed phrase
Your twelve-word seed phrase allows you to recover your account on another device. One unusual but practicable way to store your seed phrase is by memorizing it.
This is uncommon because it combines random words that might be difficult to remember. However, you can also encrypt your seed phrase and keep it in a password manager or store parts in different password managers.
Keep Your Personal Information To Yourself
Make a habit of keeping your details a secret. Don’t share your passwords, pin code, or any other information that scammers can use to access your password. This is the most essential safety practice.