How to protect your cryptocurrency?

 The rapid development of the digital world allows you to make money online. Therefore, the safety of funds is of paramount importance. It is more difficult to secure your accounts online, but the development of protection measures does not stand still. It is important to know what cybercriminals use to get other people's savings.


How to protect your cryptocurrency?


The machinations of intruders

Account hacking is not the only method of theft. The following are gaining momentum:


  • Phishing - hackers create a similar site, duplicating the original, with the help of which the data is illegally read.
  • Brute force method - a special program automatically picks up a password.
  • The site calculates the phone number, personal data. Then the cracker blocks the SIM card under the pretext of loss and binds it to his SIM card.
  • Technique "Financial pyramid" - the site collects cryptocurrency, offers a referral program - crediting bonuses for invited newcomers.
  • Penetration into miner programs - allows you to gain access to computers, phones, mining cryptocurrency.
  • Fake wallets - a scammer creates an application to store income in a personal account that belongs to a hacker.
  • In some situations, the exchange itself is hacked . Then all accounts are at risk. The efforts of users in this case are powerless.

Recommendations from our Side

Cases of transferring data to fraudsters are becoming more frequent. There are several ways to prevent such situations:


  • Checking dubious resources in the GUGL service.
  • Purchase of a separate SIM card with a personal code for registration or login.
  • Two-factor authentication (entering a one-time access code is better than 2FA).
  • The password must be complex and contain all valid characters.
  • Using a cold wallet (offline access) for storage.
  • Create an additional email address with double authentication without SMS confirmation.
  • To store assets on downloaded wallets, you need to change the account number. If replacement is not possible, this program is scammed
  • You need to invest money exactly for the amount of transactions.
  • It is advisable to keep the login to the account (login and password) in paper form, completely confidential.
  • Don't invest in startups to avoid losing your savings.

By following the recommendations, you can avoid possible hacking and theft of digital assets.

Do you take precautions when storing cryptocurrency? Complete our list with your own life hacks.

Comments

Post a Comment

Popular posts from this blog

What is Fintech, its future, and how does it work

Image
 Modern society and even traditional society must get used to the unexpected and always be ready for rapid changes. The advancement of science and technology, innovative electronic payment methods, and financial institutions are moving very quickly, sometimes replacing entire lifestyles even before the change of generations. Sometimes a tech boom appears where you least expect it. While the world was actively watching the emergence of Silicon Valley, Facebook, Google, and Amazon, there were stories developing about ideas and startups in IT and the development of the Internet of Things and Digital Finance. Imperceptibly, but confidently, industries and e-money services have advanced forward, which although technological, is simple and understandable to people who are not tech-geek. These include medicine, transportation, communications, and finance. Fintech is not something new to the world as it is being promoted now in many websites and media outlets. Financial technology is a dec...
Read more

What is Bitcoin Gold or BCG simple and easy explanation

Image
 Do you know Alpetkoan of Bitcoin , where you complement and understand what is Bitcoin Gold or this article through BCG must recognize the encrypted currency basis for each encrypted currency of Bitcoin . In order to find out what is Bitcoin Gold or Bitcoin Gold. It is simply a coin from the original Bitcoin that will come with the second fork of the main Bitcoin during this year. It will launch on the miner charts on October 25, when for the first time we will see a physical copy of Bitcoin via Bitcoin Gold on November 1. What is Bitcoin Gold or BCG simple and easy explanation The goal of the new split is to change proof-of-work mining from Bitcoin SHA256 to Equihash, an ASIC-like memory algorithm similar to mining via GPU. This would allow everyone to participate in mining, even owners of weak mining equipment, because the main Bitcoin has become a mining monopoly among the giants who own the gigantic equipment. The main developer “h4x” posted on the channel for Bitcoin Gold or ...
Read more

Buy Bitcoin with Binance with MasterCard or Visa

Image
 How to buy Bitcoin via Binance with MasterCard or Visa, or buy cryptocurrency via Binance with MasterCard or Visa, is what we will explain in detail in this topic, the method is very simple and you only have to follow the steps described in this topic. First, you must create an account on Binance via the following link , and you will go to the registration page on the Binance platform directly. Enter your email address then choose a strong password, leave everything as it is and go through. An email with a confirmation link will be sent to your inbox. You can activate additional security on your account by activating something called 2FA dual insurance. You can activate 2FA on Binance using Google Authenticator and use a code sent via text message to your phone number. But you must first tell yourself about this feature in order not to fall into the problem of not being able to access your account if you lose the phone! Therefore, I do not advise you to use 2FA until you know what...
Read more