How to protect yourself from hackers

Hackers captured millions in crypto.

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It is the biggest heist in the crypto world so far: hackers steal $600 million in cryptocurrencies . How to protect yourself?

Blockchain technology is very secure in principle, but the handling of our smartphones and laptops , which investors use for storage and management, are not secure. But also the platforms , in which the wallets of the investors hang, are vulnerable. Applications we use to access blockchain are not seamlessly protected from hackers’ attacks.

Thereby, there are a few tips on how to protect yourself and your crypto assets:

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1. Safe use of wi-fi

Especially who is now on vacation, discovers a free wifi, logs in with the smartphone or laptop, on which the access data for the crypto trading platform are also stored. But here’s the rub, and caution is advised. Only if a network are secure, the wallet and therefore the cryptocurrencies are protected. Whenever possible, keep your assets offline, and if you can’t do it any other way, only keep them encrypted.

2. No mail with details about wallets

This tip is the be-all and end-all for crypto asset security: you should never access wallets with a public email address. To do this, you should always keep an eye on your smartphone or laptop and empty the wallets before taking the device for repair.

3. Regular software updates can help

It is sometimes annoying, but regular software updates have to be done. Especially when buying and selling cryptocurrencies. Malware is designed to attack the vulnerabilities of older software versions or operating systems. Updating software should be a habit – it’s best to designate a day when you update everything regularly. Here, it is important to avoid automatic updates of crypto apps.

4. Encrypted password manager

Probably many users access the most different platforms always with the same password. This is bad, because if the password is hacked, the attacker can access everything. Therefore, a separate secure password should be created for each account. So that you can remember them all, there are password managers like LastPass or Dashlane.

Two-factor authentication, or 2FA for short, should be used whenever possible to protect assets. Two-factor authentication is an inexpensive way to provide additional protection for your Google account or other services you use to manage your cryptocurrencies. An authentication app on the smartphone is used for this purpose .

5. A hardware wallet is more secure

Those who actually own multi-figure assets in cryptocurrencies should opt for a hardware wallet instead of an online wallet. Even if the handling of an online wallet is easier, the secure storage of the cryptocurrency is only possible through a hardware wallet. For example, manufacturers such as Trezor or Ledger are suitable for this purpose.

6. Which platform is trustworthy?

There are now numerous platforms , where you can trade cryptocurrencies. You can find out which one is trustworthy with some research. There are the big names like Bitpanda, Binance etc., but also smaller players. It is important to note that the platform is regulated, has a reasonably large volume and uses modern techniques. At the same time, the platform should also fiat currencies. offer. It is also very important to note how high the fees are.

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