Bitcoin News: How to Keep Your Cryptocurrency Safe From Hackers and Theft

With the rising value of cryptocurrencies, it is really important to keep your cryptocurrency safe after all they are so valuable. Here are five ways to keep your cryptocurrency safe from hackers and theft.

Use Two-Factor Authentication

It is important to use only wallets that offer two-factor authentication (2FA), this means that a 2FA code is required before anybody can get access to your account. Note that text and email 2FA is not recommended because it can be accessed easily if a hacker has access to the port of your phone number or your email.

Abstain From Public Wi-Fi

You can access public Wi-Fi in a variety of locations such as hotels, libraries, councils, and airports. When you have access to a public Wi-Fi you may be tempted to access your wallets, account, and exchanges on the go, this can be risky. Public Wi-Fi makes it easy for hackers to gain access to the computers that are connected to the network. You should try as much as you can to avoid searching or connecting on public Wi-Fi connections. If you must go online make use of an internet dongle for private connections.

Beware When You Download

It is possible the files you download have malware attached to them. Malware can action a number of sinister commands once on your device. Malware has the capability to read keystrokes, this can give hackers access to your account and they would be able to read the screen on your device. It is important to be careful when downloading any file as these hackers are very clever people. Many files are usually posted in communities, on Facebook, Telegram, Bitcoin Talk, Reddit, and so on. As tempting as they may be to click on they could be bait to lure you in. Check here.

Keep Private Keys Offline

A private key is a 256-bit number that can unlock a cryptocurrency wallet. Tied to your private keys are your sensitive data and investment and you need this to spend your bitcoin. If a hacker gains access to your private key they can spend all the money on your wallet. For those who have wallets on their computers, you should always store your private keys offline. This could be as a hard copy stored somewhere in your house or as an external hard drive. In the event, a hacker gets access to your device through public Wi-Fi or malware. Keeping your private keys offline can help to limit your loss. This can also be an opportunity for you to realize your device has been compromised before any important thing is stolen.

Secure Your devices

Ensuring your money stays safe and secure should be a top priority for any crypto trade. Usually, cryptocurrency security is not something you can control; this is why you should take steps to secure your devices. It is the belief of security analysts that the security risk for any cryptocurrency is with the wallet, how secure the owner keeps it and the systems they use to make transactions. You should take the same precautions with cryptos as you would with other assets such as credit cards, social security number, and bank accounts. You can install antivirus software on your device to protect it. To find out more, check out