With over 4,000 cryptocurrencies traded as of January 2021, Bitcoin is still considered one of the most prosperous cryptocurrencies today.
Bitcoin (BTC) is the world’s oldest and second largest cryptocurrency of US $ 70.45 billion, created by an unknown person in 2009 using the alias Satoshi Nakamoto.
In addition to data transparency and user privacy, the biggest factor behind Bitcoin’s success is the flexibility of online exchange. Bitcoin, which has more than 40 million users worldwide, is accepted by most trading sites compared to other cryptocurrencies. As a result, hackers pay less attention to security and invite them to steal the funds of Bitcoin beginners who are part of Bitcoin scams.
Bitcoin trading is supported by hundreds of Bitcoin wallets around the world. Curiously, what is a Bitcoin wallet? To trade with Bitcoin, you need a secure and secure cryptocurrency wallet to send, receive, or simply store Bitcoin. Bitcoin is vulnerable to cyber attacks because it is decentralized and does not have centralized authority to monitor assets.
For new Bitcoin users looking for a safe way to store Bitcoin, here are the 10 safest ways to store Bitcoin in the eyes of cybercriminals.
10 ways to keep your Bitcoin wallet safe
Here are 10 ways to protect your Bitcoin wallet and prevent cryptocurrencies from being hacked.
1. Choose a hardware wallet
Where do you store your Bitcoins? There are numerous different Bitcoin wallet options available for trading Bitcoins. But why do you always prefer a hardware wallet over all other options? A hardware wallet (often referred to as a cold wallet) is the safest way to store Bitcoin using an offline security layer. Provides a way.
Talking about hot wallets, they are always connected to the internet, making them more vulnerable to malicious intrusions. Hardware wallets, on the other hand, are physical devices that are connected to your computer system via a USB port and are therefore immune to virus attacks. This further enhances security from external threats.Some popularity Bitcoin wallet app Trezor Model T, Ledger Nano S, Coinkite Cold Card and more.
2. Strengthen two-factor authentication (2FA)
Two-factor authentication (also known as 2FA or two-step verification) is a very important layer of security that you can configure to keep your Bitcoin wallet secure. When you create a Bitcoin Wallet, you will be prompted to set your own password and receive an ID. By default, you only need two pieces of information to access your wallet.
Setting up 2FA in the Security section of your Bitcoin wallet adds a third credential required to successfully log in to your wallet. Each attempt to log in will generate a unique one-time passcode.
3. Encrypt your Bitcoin wallet
This is another way Cryptocurrency wallet protectionIn encrypted mode, when a hacker tries to access your Bitcoin wallet account, he sets his own password to lock Bitcoin.
4. Keep your private key offline
You can protect your wallet by taking out…