If you don’t understand the best practices for protecting Bitcoin, there are a lot of vulnerabilities that cause your Bitcoin to be lost. Fortunately, just as you don’t need to be a computer scientist to buy and sell bitcoin, you don’t need a technical background to make your bitcoin assets safer. If you own Bitcoin, it takes ten minutes today to make sure you have done these things:
1, Use a strong and variable password
Lowercase letters, uppercase letters, numbers, and symbols are at least 40 characters long. Are they common words or obvious characters?
2. Enable two-factor authentication on all accounts
The two locks on your account are better than one, especially when hackers around the world are constantly researching new ways to bypass locks. Two-factor authentication (2FA) should be enabled as long as you have the option. In addition to passwords, 2FA can also use the second form of identification to authorize access to your account.
3, Enable IP and wallet whitelist
You should look for two main whitelists in the exchange’s security settings: IP whitelist. A whitelist of wallets.
4. Use a reputable VPN on a public WiFi network
Some of the most reputable VPNs today are: ExpressVPN, headquartered in NordVPN, the British Virgin Islands, based in Central America VyprVPN, based in Switzerland
5. Handle your savings and trading funds in different ways
When your bitcoin is stored on an exchange or online wallet, it is vulnerable to hacking by Trojans and exchanges. So when it comes to all bitcoins, not transactions, you need a cold wallet: a private key that you keep safe and offline.
You have one or two flash drives, take a moment to encrypt them and add a text file containing the information to all exchange accounts and wallets. Store these drives in different safe locations.
7, Encrypt the “digital will”
You need to balance the security of your funds and ensure that your funds are transferred to the right people when you leave. With these measures, you may sleep better tonight, at least knowing that your bitcoin will not disappear in the morning.
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