Scammers are constantly scheming new ways to rob you of your cryptocurrency. The best way to protect yourself from falling victim to their scams is to take steps to keep your cryptocurrency secure.
The Coin Return Group has been established to ensure the safety and security of your cryptocurrency. They leverage their connections within the blockchain to recover lost or stolen crypto. Below are 7 top tips for keeping your cryptocurrency secure.
Top 7 Tips For Keeping Your Cryptocurrency Safe
Ensure That You Use A Secure Crypto Wallet
Hackers majorly aim to gain access to your crypto wallets. However, they can only do this if your wallet is secure. You must ensure that you always use wallets that are from reputable companies. However, these are only some of what is required to keep your cryptocurrency safe.
Always Use A Secure Password
Your passwords must be powerful. Avoid using your name, date of birth, or that of close family or friends that can quickly be figured out. You can use a Password Manager, which will develop a secure password for you to use. As long as you remember the password for the Manager, you can have access to your other passwords.
You should also ensure you always activate the 2-Factor Authentication (2FA). This requires more than one key or passcode to access your account or wallet. Thus, if one of your passwords gets compromised, the hackers will still need the second to gain access.
Make Use Of Cold Wallets
The experts at Coin Return Group says that it would help if you used cold wallets to store your cryptocurrency. This is so because they are not connected to the internet and are not readily susceptible to hacking.
Only put some of your cryptocurrency in a single wallet. Divide some of it into your cold wallet and leave some in your trading account.
Double-check Destination Addresses
This is very important because if you send your crypto to the wrong address, you might never be able to recover it. An excellent way to ensure safety in your transaction is to transfer a small amount before transferring the more significant part.
Never Connect To An Insecure Internet
Avoid public Wi-Fi networks. When trading with your cryptocurrency, you must always ensure that you are connected to a secure network. You can also use a Virtual Private Network to prevent hackers from tracing your transaction location.
Back-Up Your Wallets
You should refrain from backing up your wallet key online. An offline storage option is recommended. You should also seek to keep it outside your home in case of natural disaster occurrences.
Be Wary Of Phishing Scams
Phishing scams are increasingly common and come in various forms. It could be an email asking you to click a link or an SMS directing you to a page where you have to input your details which you will then use to hack your account.
Be wary of websites or applications that you don’t know or trust, be sure to always check the news and trends to be updated. Even with the famous names you know and confidence, you need to triple-check to ensure that it is the original site and application.