In 2018 alone, over $1 billion in crypto assets were stolen. Thus, it is obvious that you need to enhance your security measures in 2019.
Stay Safe In 2019
A major concern that is voiced on crypto and the blockchain is that it has attracted not just both opponents and protagonists of the tech but hackers too.
This was especially so after the price of BTC hit $20,000 in December 2017. Cheats began to get attracted to the technology and began to look for weaknesses that existed in it. However, with just a few steps, you can manage to keep your digital assets safe.
If you do not want hackers to know who you are online, the best you can do is to mask your IP address, which can reveal a lot about you. A good way to do this is to use VPN software. The VPN service will allow its users to connect to servers in another nation. Thus, the user can serve the network as if they are in another nation in the world. Besides that, the real IP address remains hidden at all times.
As a result, the hackers and the ISP cannot tell which IP is being used. Besides offering anonymity, the VPN allows users to access restricted content in their region.
Avoid Using Public Wi-Fi during Transactions
There are hundreds of crypto coins in the world today, which include ETH, Ripple, and BTC. It can be quite convenient to use them to pay for goods and services. However, you should avoid using public Wi-Fi to transfer your funds. Wi-Fi is quite easy to hack. As a result, it may cause you to lose all your crypto assets in one go.
Use Two-Factor Authentication
Two-factor authentication is important if you wish to protect user data. However, it comes with its own pitfalls. It is quite easy to intercept an SMS sent via the SS7 protocol.
Text messages are easy to crack using tools that detect weaknesses in the mobile service. With two-factor authentication, it is important to disable call forwarding. If possible, use a special app such as the Google Authenticator.
Only Access HTTPS Sites
When browsing a crypto site, always use a site that has an HTTPS protocol. It will be important to use the Chrome add-on that helps you to check links, which you receive.
While there are many other ways to stay safe such as updating your software and using updated versions of antivirus, these are the most basic. They will help to ensure that your personal details are hidden at all times.
Most hackers are unsophisticated. Thus, if you manage to keep your private details hidden, you should be safe enough. You might just avoid losing any crypto in 2019.
The views and opinions expressed in the article 4 Must-Do Tips to Avoiding Hacks and Losing Your Cryptocurrency Stash do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.