Investing in cryptocurrencies has become a worldwide phenomenon over the last couple of years. You talk to any investor and the first thing they will say is how profitable the crypto industry has become. However, the biggest talking point that is still concerning the investors is the decentralization of the blockchain technology and how it has invited so many scams and fraud attacks.
This is one of the reasons why the Bitcoin Profit System was introduced, allowing investors to double-check before investing or performing any transaction. As someone who is enthusiastic about the crypto market but not having the confidence to invest in it because of the security issues, here are some hacker-proof tips that will help you keep your cryptocurrencies safe:
1) Use a stronger and better password
There is no security that is more full-proof than the password that you use for your crypto account. Time and again, accounts of people have been hacked because people had been careless about the password they have set. Consider this – if your password isn’t strong enough, no security in the world can protect any account of yours because there are more intelligent people sitting out there who have unimaginable brains that can hack into your account if the password is an easy one.
There is nothing wrong with having a strong password. If you have the tendency to forget, write it down, save it in your mobile phone, keep it in your wallet; basically, do anything that will outfox the hackers. Also, it will be great if you can set up a two-factor authentication wherever possible.
2) Don’t go into the unknown
The crypto industry can be one big bank that can give you as much money as you want. But you have to be careful with the services that you choose. There are plenty of services that lure investors to invest in a deal that proves too good to be true. These are honey traps and you need to stay out of them.
You have to know the services that you use and stick to them even if there are
3) Keep your devices secure
With the cryptocurrency platforms available both on computers and mobile phones, it has become an added responsibility of the users to keep all their devices secure. By devices, you shouldn’t think of only smartphones and computers.
It includes everything starting from the login ID and password of your crypto account, the account details of the exchange website, the crypto wallet that you are using, and so on. Both software and hardware get updated every now and then and you need to make sure that the ones that you are using are updated as well. These are done to improve the security of the devices.