Every day there are more and more people are joining the crypto community, joining in the movement for a decentralized economy, impossible to manipulate, and in the hands of their own users. And within the crypto world, Bitcoin occupies a place of honor, as the first and most successful criptomoneda. However, do we Know how to store them? To protect the security of our Bitcoins, is that today we bring to you five tips to ensure your protection.
Contents
1 – Choose your wallet wisely
Before anything else, you need to choose a wallet, or digital wallet in which to store our Bitcoins. For which there exists an infinity of options, which makes it crucial that the let’s look at all to be able to take the right decision. Finally deciding on a wallet that we ensure sufficient security and flexibility in the use of our criptomoneda. Within the crypto world, there are several types of wallets. Find the wallets are cold, that are not connected in any way to the Internet, but also in pen drives, QR codes, and other physical elements impossible to hack. The wallets of the desktop, less secure than the wallets cold, but still with a pretty level of high protection to your Bitcoin, as is the case of Exodus. The wallets online, based on a web page as Blockchain.com, which have less security than the cold and the desktop, but still more secure than the last type of wallet. And we refer to the exchanges, or markets of cryptocurrencies, which allow you to store cryptocurrencies within their platform. But do not be your business priority, it does not have all the security of a wallet cool, desktop, or even online.
2 – Keep your software up to date
It does not matter what type of wallet you’ve finally decided, you need to keep your software up to date. Whether the company is manufacturer of the wallet cold send an update, or that the wallet desktop you ask for it. Always keep up-to-date with the innovations that generate the wallets to ensure the safety of your Bitcoins.
3 – Manage your passwords with care
Maybe this is a no-brainer for many, but it never hurts to remember that it is necessary to manage carefully our passwords. This is especially important when it comes to our money. In these cases, we must always keep our keys protected from prying eyes, and stored in a safe place. The best wallets in addition, I will offer you a choice of encryption for your passwords, which are not stored simply in a text file on your device. But, even if someone could have access to this file, you would need a second password or PIN to be able to enter the information that it contains. Thus creating a double-layer of security for your Bitcoins.
4 – Use double authentication
This is very important when we use wallet online, because thanks to this system we add a barrier against any attempt to steal our precious cryptocurrencies. So, every time someone wants to login to your digital wallet, the system would send a second authentication message either by SMS, email or the medium that you prefer. That way, you’ll be able to confirm your identity, or to be alerted if someone attempts to enter your account without permission.
5 – Make backups
On the contrary, if you’ve decided on a wallet that is not hosted on the network, it is important that you create backup copies of your Bitcoins. And once made, it is important that the encriptes using some web service, storing it to your time in different places. Remember that today there are more than 3 million Bitcoins that can’t be used by their owners, because they have somehow lost the information of their cryptocurrencies. Not to be a part of this statistic, and supports your money.
Conclusions
When it comes to cryptocurrencies, we can not take security for granted. On the contrary, we must be aware of the large amount of criminals that are out there, lurking for our money. So, to protect our Bitcoins, no security measure is little. And from choose a wallet, a decent, to encrypt your information, methods are at your fingertips, so that it never passes a bad time due to a hack. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.