Here Is How You Can Protect Crypto Wallets, Public & Private Keys

The largest and the most popular cryptocurrency to be used worldwide is Bitcoin. In terms of trading value, Bitcoin rose to more than $12,000. As far as Trade Bitcoin are concerned, the price swing is erratic, which tends to attract both investors and cybercriminals. Since it was introduced in the year 2009, there have been numerous reported incidents of hacks and theft that have raised questions on the security of crypto wallets. 

According to a report released in 2019 by Anti Money Laundering, Bitcoin and other crypto currencies worth a staggering amount of $4.3 billion has been hacked or stolen. Therefore, if you are planning to deal in Bitcoin, in that case, there are a couple of security measures that you need to adopt.

Tips To Protecting Crypto Currency Wallets

As mentioned, you need to make sure that your cryptocurrency or wallet is safe and secure. Because it is run using a digital network, there are chances that it might get attacked by hackers and people with mal intentions. Though, these days, the most advanced security features are incorporated to secure these wallets, hackers find their way to penetrate them. Therefore, keeping in mind a couple of important aspects can help you safeguard your crypto wallet. They are as follows.

• Cold wallet: Cold wallets don’t require access to the Internet to function. That means, there are no chances of getting account hacked by cybercriminals. The process of storing private keys in a cold wallet is known as a hardware wallet It is considered the most viable and secure option as they are kept encrypted, keeping the keys safe and secure.
• Using a secure Internet connection: Next, you need to use a completely secure Internet connection. Since most of the Bitcoin transactions are done over the Internet, in that case, you need to make sure that your Internet connection is safe. You need to make sure that your computer or your laptop to which you are trading using Bitcoin has all the applications and software installed that could keep hackers, malware, and various other harmful elements at bay. I
• Multiple wallets: When storing Bitcoin or any other cryptocurrency, you can use multiple different wallets. This allows you to create separate pockets for storing cryptocurrencies. This can prove to be very useful when it comes to protecting your portfolio and preventing unauthorized access.
• Password: Another important area that you need to look into is that while creating an account within your wallet, you have chosen a strong password. Besides, is also very important that you change your password twice a week. It is the password that gives the hackers the gateway or entrance to your wallet account. Therefore, maintaining a strong password and changing it regularly is very important.
• Protect yourself from being phished: Hackers tend to target by sending malicious emails and ads. If you ever click on any search ads or download any attachment from such emails, in that case, you are asking for trouble.. The best thing for you to do would be to use a separate system for your Bitcoin transaction, which you are not using for any other kinds of Internet activity or checking your emails.

These are some of the important security measures you need to adopt and keep in mind if you’re planning to deal with Bitcoin or any other cryptocurrency. Yes, there are risk factors involved; however, given that it has proven to be so useful when it comes to trading and carrying out different kinds of online transactions, according to the experts, cryptocurrency is believed to be the tender of the future.

Final Words 

Are you planning to use Bitcoin? If you are, in that case, you need to find yourself a secure and reliable platform that offers a flexible and easy-to-use interface. This is where the Bitcoin Era comes into the picture. Over the years, this online crypto trading platform has ranked to be one of the most trustworthy and secure applications for Bitcoin users.