You never can emphasize enough when speaking of security. Therefore, in the following content in criptotendencia.com we offer to our readers a series of tips to keep their funds safe in the crypto exchange of your preference. Are the crypto exchanges where the majority of small users store their criptos, buy and sell criptos, and even do trading. Even though it is them the responsibility of keeping our hodls insurance, we must also take care of bad practices that may put our savings at risk.
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Only crypto exchanges recognized
Although it seems too obvious to mention; the truth is that it does not. Out there in the world there are many people who do not have the support of an expert, or in default of a page of crypto news respected as this. Practically alone, and could easily fall into the wrong hands by lack of experience. Not all the houses of bags are the same. The big exchanges such as Binance and Coinbase invest hundreds of millions of dollars annually to keep its infrastructure safe. From secure computers, networks, procedures, personnel, monitoring, risk, Big Data, AI, training, research, testing, partnerships with third parties, and even global relations of law enforcement in different jurisdictions. It takes a significant amount of money, people and effort to do the security properly. Exchanges more small simply do not have the scale or the financial means to do this. So we recommend that you use only those super recognized. Or at least, do not place all your hodls in a crypto small simply because they want to support the project. In the course of history, many crypto users have been scammed by exchanges. Collect some deposits and abscond with their funds. For this same reason, stay away from the exchanges “not profitable” or exchanges that offer rates of 0.
Secure and validated properly to your account
First: Keep your computer or mobile insurance
Is your computer or your mobile phone the window towards the digital world, and also to your crypto digital economy. If you can, use a computer and a smart phone dedicated to access your account on the crypto exchange. Also Install a antivirus software business. Turn on the firewall to the max, and if you can encrypt all information. For example, Apple computers allow you to do this by default. If, it will come out a bit costly, but it is better to avoid a bad time. In addition to this, avoid the least connect to the Internet and much less download a file or insert a USB memory stick. And another tip is to keep your software with the latest update available; these usually address security issues.
Second: Protect your e-mail
It is in their email that many of the communications with your crypto-exchange will take place. It will also be used for procedures such as, password change request, permission to take money out of your wallet at the exchange, and much more. For this reason, we recommend to use Gmail. Which is the email service more secure in the present. But, anyway it is recommended to create both an address as a password difficult to guess. Please, don’t be key as their name and their date; and, on the other hand, it is not the same key of the crypto exchange; because if you lose one for a hack, you can retrieve another. Use passwords with combinations of uppercase and lowercase, with numbers and special characters.
Third: Activate the 2FA
We strongly recommend that you enable the authentication method of 2-factor or 2FA in his account of crypto exchange. As the code 2FA usually live in your mobile phone, you can protect up to a certain point against an e-mail address and a password are involved. Like everything in life, nothing is 100% secure, so if your phone or PC has been compromised, the app could also have been the victim of an attack. It is therefore important to comply with all the recommendations of this list in the best way possible.
Fourth: do Not use the SMS services to sign
There was a time in history that this was safe; but times have changed. Around the world have proliferated, the cloning of SIM cards, which allows the attacker to receive the same SMS that you. In addition, governments can easily do the triangulation between you and your wallet. Which is the joke of wanting to get out of the view of a regulator; with possible bad intentions; if we can be easily traceable.
Fifth: Use the function of wallets of withdrawal of confidence
One of the favorite options is to set up a list of wallets of trust, which will be the only that you will be able to withdraw money from its exchange. At least, the major crypto exchanges as Binance and Coinbase have this service.
Sixth: Complete the verification of your account
One of the best ways to keep your account secure is to complete the level 2 KYC. In this way, the exchanges will know how you look physically. Then in case of emergency, you could use checks video automated. But, of course, this is not the choice favorite for many. Because, although it is a critpo exchange, like you are giving your personal information to a third party. But, there is nothing perfect in this life; and that we should give up certain things by the security. In criptotendencia.com we have made a compilation of the advice that has been given to the CEO of Binance Changpeng Zhao to keep your funds SAFU. If you want to be more conscious about your security, we recommend this series of 3 contents.