What are the Ways to Safely Secure our Cryptocurrencies?

[WhiteHouse]

I think the main part to be careful is the place where you set aside your digital money (crytpocurrencies) into which is your WALLET.

We have different types and forms of Cryptocurrency WALLET, which include: software, hardware, and paper, each with various security contemplations.

Choosing an exceptionally secured wallet is a significant mind boggling task. By considering few hack attacks against wallets and looking at the security plans of well known wallets in the market, for example, Trezor, KeepKey, Ledger Nano S and then some others...
I have recorded down a couple of properties which a profoundly secure Wallet ought to have:

1. Layered Security and Defense in Depth
2. Equipment Based Root of Trust
3. Compartmentalization for Cryptocurrencies
4. Exchange Display and Confirmation

 

[MastetG]

At the outset, the regulators have made it clear that simply calling something a “virtual currency,” “cryptocurrency,” “crypto asset,” “digital asset,” “coin,” “token,” etc. is not determinative of its status as a security for purposes of the federal securities laws.

 

[zagzagi]

5 important tips for cryptocurrency security:

1- Make sure all the devices you use are safe
2- use two-factor authentication
3- Avoid public internet connections
4- Know that not all said is true
5- Protect your user information by encrypting

 

[GIFTMICHAEL]

Ways to safeguard you digital currency wallet. The information we share online need to be protected and encrypted
Sometimes we need to be very careful with our login devices. Avoid public login devices like using public computer, phones and internet that we don't trust.
We also need to protect our key or password very well to avoid unauthorized login.

 

[Nurudeen]

This is a good security measures for Investors who have there money in the crypto currency exchange Business. I'm using Luno app to invest in crypto currency Business and they mostly use two factor authentication code to protect the security of the system and it has been working fine without any security breach.

 

[Erik4150]

There are many ways to secure your cryptocurrency. You should secure your cryptocurrency wallet with a strong password, fingerprint or two factor authentication.
Never share your cryptocurrency wallet with another person.

 

[Josemendez]

One of the most safer way to secure cryptocurrency is by securing our wallet. Ensuring that our private key is not available to any other person.
Using two factor authentication in our wallets ,and avoiding sharing our wallet address online which can attract scammers to us when they observe that our wallet has large funds in it

 

[Patrik]

Just make sure that you always enable 2 factors authentification for your wallet, with this way, even people that steal your email and password (your data in general) won't be able to have access to your wallet

 

[btaliat]

When it comes to security, it should not be joked with in cryptocurrency. That's why I don't use wallet except it has been worldly accepted. I use all forms of securities required by my wallet to secure my cryptocurrencies.

 

[Goodday]

I think the main part to be careful is the place where you set aside your digital money (crytpocurrencies) into which is your WALLET.

We have different types and forms of Cryptocurrency WALLET, which include: software, hardware, and paper, each with various security contemplations.

Choosing an exceptionally secured wallet is a significant mind boggling task. By considering few hack attacks against wallets and looking at the security plans of well known wallets in the market, for example, Trezor, KeepKey, Ledger Nano S and then some others...
I have recorded down a couple of properties which a profoundly secure Wallet ought to have:

1. Layered Security and Defense in Depth
2. Equipment Based Root of Trust
3. Compartmentalization for Cryptocurrencies
4. Exchange Display and Confirmation

Nice post.
The type of wallet which has low hacks attacks and has the highest security is paper wallets. However, this type of wallet is not recommended for saving cryptocurrencies due to the fact that it has a lot of risk which are very dangerous and you can easily lose your cryptocurrencies.

 

[BrolySSJ]

I think the main part to be careful is the place where you set aside your digital money (crytpocurrencies) into which is your WALLET.

We have different types and forms of Cryptocurrency WALLET, which include: software, hardware, and paper, each with various security contemplations.

Choosing an exceptionally secured wallet is a significant mind boggling task. By considering few hack attacks against wallets and looking at the security plans of well known wallets in the market, for example, Trezor, KeepKey, Ledger Nano S and then some others...
I have recorded down a couple of properties which a profoundly secure Wallet ought to have:

1. Layered Security and Defense in Depth
2. Equipment Based Root of Trust
3. Compartmentalization for Cryptocurrencies
4. Exchange Display and Confirmation

Hardware wallets are great for their security because they are much harder to hack and so you are ensured a certain level of security when it comes to these wallet. There has been a case recently where a hardware wallet was hacked, however this was addressed. I personally think that the need for hardware wallets is important if you have large investments into crypto because then it is able to provide you with peace of mind over the risk of a software wallet. software wallets are good for small investments.

 

[Afeefah]

I always make sure my passwords are very strong and hard to predict, I also never use the same password on up to three different sites too.

Don't keep your cryptocurrency in one place and use cold storage is it can't be easily hacked when offline.

 

[Afrinish]

Ways to safeguard you digital currency wallet. The information we share online need to be protected and encrypted
Sometimes we need to be very careful with our login devices. Avoid public login devices like using public computer, phones and internet that we don't trust.

 

[Erik4150]

I used two figure authentication to protect my cryptocurrency. The two figure authentication makes my cryptocurrency wallet secure and impossible to hack. I don't share my password with anyone and I always do transaction with good wallets.

 

[Mrallison]

The two factors authentication is a very good idea but most times the insecurities are from us hence we need to use a strong password and fingerprint login and also avoid logging in with strange devices

 

[Ehizzy1]

I think one ways you could use is that you could create a very strong password for your wallet , so that hackers can't easily break through your wallet and steal all your bitcoin and also you register or signature for 2 factor authentication , this is mostly used to reverify your account i think , because hackers normally try to use that means

 

[EMMANUEL]

Choose a crypto wallet that fits your needs
What is a Bitcoin wallet? It’s a specialized electronic device that can be used to store, send, receive, and track digital currencies. You can find different types of crypto wallets online, and it’s essential to choose one that best fits your storage and trading needs. Another critical thing to consider is the digital wallet’s provider. Make sure you’re getting one from a reliable and reputable source. Some crypto exchanges, like Paxful, provide users with a secure Bitcoin wallet for free—check it out!

Enable two-factor authentication
It’s also important to get a Bitcoin wallet with two-factor authentication (2FA). This provides another layer of security for your funds by requiring verification before completing account activities like signing in and withdrawing or sending funds. It will ask for your 2FA code, so you will know right away if someone is trying to access your wallet.

Encrypt your Bitcoin wallet
Apart from enabling 2FA, encrypting your digital wallet is another line of defense against potential cyber-attacks. This allows you to set a password and lock your coins whenever someone attempts to access your account. The hacker won’t be able to steal your Bitcoin unless he knows the password you set.

Backup your entire wallet regularly
Some wallet providers allow you to backup your wallet’s data. Backing up your wallet will enable you to access your data if you encounter a computer system or software failure. You can also retrieve your funds and data easily if it gets stolen or lost. Make sure to use multiple backup devices for easy account recovery. You might want to consider various devices, such as papers or hard drives like USBs and CDs.

 

[Ridorz]

It is very important and imperative to find security for your wallet if you do not want it to be hacked. As for me, I used like three strong password for my wallet to prevent a hack. And I make sure that my secret password can not easily access to by anybody.

 

[Ralphjoe]

The security option that I have activated to secure my cryptocurrency wallet is the use of fingerprint to lock my account from unauthorized access into my account. This has always worked for me as I never had any issue with my wallet since 3 years since I registered my wallet now.

 

[Damscooguns73]

Concerning ways to safely secure our cryptocurrency wallet. Well, I think the first thing is to keep your login details confidential, activate the two-factor authentication on your device, avoid using public internet you might forget to logout, if it is possible to make use of only your phone or device to make make tradings and transactions