Opening a cryptocurrency wallet is easy, but if you don’t take your security seriously, it will leave you vulnerable. And in no time, you’d find yourself needing crypto recovery services to help recover your lost coin or recover your wallet. Below are five different security measures we recommend you take to keep your Bitcoin safe.
Store cryptocurrency in a cold wallet
We discovered the most common way people lose their cryptocurrencies is how they store them. The best way to store your cryptocurrencies is in a cold wallet. We’re not saying it’s unsafe to store your cryptocurrencies in a hot wallet like the ones you can find online. In fact, most crypto wallet services we find online are not entirely hot wallets as they store your cryptocurrencies in cold storage. The advantage of storing your cryptocurrency in a cold wallet is that it eliminates the possibility of hackers stealing your cryptocurrencies. This is because a cold wallet is not connected to any electronic device or the internet, thus making it impossible for hackers to steal it remotely.
Enable a two-factor authenticator
Another way to protect yourself from the fraudsters stealing your cryptocurrencies is by enabling a two-factor authenticator. With a two-factor authenticator, even if a fraudster can know your crypto wallet login details, they wouldn’t still be able to access your cryptocurrency because of the 2FA. So as one of the best crypto recovery services we recommend enabling it to give you an added layer of security. You can think of it more like backup security if your account ever gets compromised. And the best part is that there are several ways you can use a 2FA. For example, perhaps your crypto wallet may give you the option to use your mobile number as a two-factor authenticator where a one-time password will be sent to your mobile number. There’s also the option of getting a token, using Google authenticator, requesting a one-time password to be sent to your email, and so much more.
Write your seed phrases on paper and not on an electronic device
While offering the best crypto recovery services around the world, another very common mistake we see a lot of people make is with their crypto wallet seed phrase. During the process of creating a crypto wallet, you will be given several random words which are called seed phrases. On its own, these are just words that don’t make any sense, but its effect on the account it’s associated with is massive. As such, we advise newbies to ensure they keep these phrases safe and secure. In other words, do not store the seed phrases in your crypto wallet on your mobile device or PC. If your device ever gets compromised, for example, you may either lose your seed phrases thus making it close to impossible to recover your wallet or by doing so, you make it easier for a hacker to access it.
Generate unique addresses for every transaction
Another noteworthy security measure we recommend you take as a professional crypto recovery service is that you should try as much as possible to protect the integrity of your crypto wallet. What this means is that you should be careful where you post information about your wallet. The tiniest information about you could leave you vulnerable to hackers. Perhaps a hacker could have all he needs to gain access to your crypto wallet, all that’s left is probably your email address attached to your crypto wallet or maybe even your birthday. For this reason, you must take caution when giving information about your crypto wallet. We recommend creating a unique address for every crypto transaction you want to perform.
Use a strong password
Lastly, as a crypto recovery services one common mistake we noticed a lot of people make is using a simple password. For example, combining your birth month and year as a password is very weak. When choosing a password, make it something someone can’t guess easily. Introduce special characters and make use of lower and upper case in-between the password. And if you make use of more than one crypto wallet, don’t be like many amateurs who use the same password because it makes it easier for them to remember. But they are forgetting that if their password gets compromised, so will all their crypto wallets be compromised because they are using the same password. Also, ensure you change your wallet password regularly.