Tuesday, July 27, 2021

How to Keep Your Bitcoin Safe Bitcoin

How to Keep Your Bitcoin Safe Bitcoin

As in real life, to use Bitcoin or digital currency you need to keep it as safe as your own money. Because to get Bitcoin you must first buy it with fiat currency on various exchanges that provide Bitcoin buying and selling services.

This king of crypto assets makes it possible to transfer value anywhere in a very easy way. However, such great features also come with great security concerns.

At the same time, Bitcoin can provide a very high level of security if used properly but otherwise it will be a problem, by owning Bitcoin means you are responsible for the asset, if it is lost there is almost no way to get it back.

The following is a way to maintain Bitcoin security that you can apply so that the assets you have can be maintained.

Be careful with online services

To protect assets, you should be wary of any service designed to save money online. Many online exchanges and wallets have experienced security breaches in the past and such services generally still don't provide enough insurance and security to be used to store money like banks.

It's a good idea to use other types of Bitcoin wallets, such as hardware wallets or hardware wallets, for example, if you want to use an online wallet, make sure they have reputation, security and insurance. It is also recommended that you use two-factor authentication.

Source Image: medium.com

Don't Use Phone Number for 2FA

Most sites support some form of two-factor authentication, but not all 2FA methods are equally secure. If you rely on your SMS passcode to secure your account, hackers may be able to hijack your phone number and intercept your 2FA passcode.

If you associate a phone number with a Bitcoin account, we recommend using a secret SIM card that is separate from the number you use on a daily basis.

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Use Separate Email for Bitcoin Wallet

Most of us have a primary account for daily communication but we use the same email address for our Facebook, Twitter and PayPal accounts. You may share it with friends, family members, and coworkers.

They might share your email address with other people, and eventually, malicious hackers might get it. If your online wallet is linked to this email, the hacker has one of two important pieces of information needed to access the wallet.

We recommend that you use a separate email address for the Bitcoin online wallet that you use and not use it for other purposes only specifically for Bitcoin, this way you minimize the chances of your account being discovered by hackers.

Update Wallet Software Used yang

Using the latest version of the software you use to store Bitcoins, allows you to receive important stability and security fixes.

Updates can prevent problems of varying severity, include useful new features and help keep wallets secure. Installing updates for all other software on your computer or phone is also important to keep your Bitcoin wallet more secure.

Those are the various ways that you can apply to maintain the security of your Bitcoin or crypto assets. Maintaining the security of crypto assets is very important because if they are lost there is no way to return them, therefore every crypto asset owned is the responsibility of the owner.

Source:  coinvestasi.com

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