The crypto app development industry is booming. More and more companies are developing new crypto apps to help people manage their cryptocurrency investments. There are more than 1,500 different types of cryptocurrencies. And the value of Bitcoin alone has skyrocketed from a few cents to over $19,000 in less than a decade. The cryptocurrency market is expected to reach $1,758 million by 2027.
As the popularity grows, so do theft and fraud. If you wish to invest in cryptocurrencies, it is essential to know how to keep your investments safe and create a secure password for your crypto account.
Here are six ways to ensure you’re keeping your cryptocurrency safe online.
Use A Strong Password
Password is an important security measure for any online account, including cryptocurrency wallets. A strong password has at least eight characters and contains a mix of uppercase and lowercase letters, numbers, and symbols.
To create a secure password for your crypto account, here are tips:
- Avoid using easily guessed words like “password” or “123456”.
- Don’t use personal information like your birthdate or home address.
- A password manager can be a lifesaver. Instead of having to remember a password you found on your 4th login page today, you can use the same one for them all.
Use a tool like Microsoft’s Password Checker to ensure that your password is strong enough. It is vital to remember that even a strong password is only effective if used correctly. It would be better if you also did not share your password with anyone and kept it stored safely.
Do Not Use The Same Password For Multiple Accounts
It is a good idea to have different passwords for each account. If one of your accounts is hacked, it would be safer for you to have another password. Unique passwords are difficult to create. You can use a passphrase, which is much easier to remember than many passwords.
A passphrase is composed of multiple words that will not be easily guessed by others. It can be easy to remember because it is made up of words that you can associate with the account. For example, the passphrase for your email account could be “I love checking my email!”.
You can generate and store a lot of different passwords using an app.
Use Two-Factor Authentication
Two-factor authentication is a security process. The user provides two means of identification, such as a password and a code sent to the user’s mobile phone. It helps to ensure that only the authorized user can access the account. Two-factor authentication is commonplace for online banking and other financial transactions. It is recommended that this be set up in all accounts so you can keep your personal data safe from hackers and other security breaches.
Two-factor authentication is not just for financial transactions, however. It can be used for any online account where extra security is desired.
The general consensus is that two-factor authentication is an important security measure that is beneficial for your account – so I suggest you add it as an option for every device you use. If you have an essential account that you want to ensure is secure, consider using two-factor authentication and creating a secure password for your crypto account.
Be Cautious About What Websites You Visit And What Links You Click On
It is crucial to be aware of the sites you visit and the links you click on for cryptocurrency. Many scammers will create phishing websites that look identical to a legitimate website but with a slightly different URL.
They trick people into entering their personal information or login credentials. If you are ever unsure about a website, do a quick Google search to see if there are any reports of it being a phishing site.
Additionally, check that the URL of the website you are visiting is spelled correctly and uses the correct domain extension (.com, .net, .org, etc.). A common way for scammers to create phishing websites is by buying a domain name that is very similar to a legitimate website.
Keep Your Computer Secure
Keeping your computer secure is the number one way to make sure that your crypto stays safe. Since hackers can easily steal people’s data, it’s harder to access your account and get information from you. There are a few things that you can do to keep your computer secure:
- Use a strong password
- Keep your operating system and software up to date
- Use a security software
- Don’t click on links from unknown sources
Use A Secure Wallet
A secure wallet is one of the most important things you need to keep your crypto safe. You can differentiate between hot wallets that are connected to the internet and are thus easily accessible and cold wallets that are not connected to the internet and can only be used at certain points, for example, at your home.
Cold wallets are offline and usually much more secure. The best way to keep your crypto safe is to use a combination of both hot and cold wallets.
Make sure you take measures to protect your digital assets. These tips can help you protect your crypto from online attacks.