in

Practical Ways To Keep Your Crypto Safe – Guide

While cryptocurrencies themselves are difficult to hack thanks to the powerful blockchain technology behind them, where you store them is key – many wallets and exchanges have fallen victim to hacking – here are the 10 practical ways to keep your crypto safe: [10 Practical Ways To Keep Your Crypto Safe](https://www.oobit.com/blog/top-10-ways-to-keep-your-crypto-safe/) (see the guide for more details on each of the followig tips)

1. Install Two-Factor Authentication
2. Protect Your Identity
3. Keep Your PC Secure
4. Backup Your Wallet
5. Invest In Hardware Options
6. Use An Efficient Operating System
7. Keep Your Private Keys Stored Offline
8. Ensure Your Email Security Is Top Notch
9. Diversify Between Hot and Cold Wallets
10. Limit Access To Your Wallet



View Reddit by thumbsdrivesmecrazyView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

4 Comments

  1. 10 Practical Ways To Keep Your Crypto on an exchange.

    1. Install Two-Factor Authentication
    2. Ensure Your Email Security Is Top Notch

    10 Practical Ways To Keep Your Crypto Safe.

    1. Invest In Hardware Options
    2. Keep Your Private Keys Stored Offline

    FTFY

  2. Here’s a better list [https://safehodl.github.io/self-custody/](https://safehodl.github.io/self-custody/):

    **1. Buy a** [**reputable hardware wallet**](https://safehodl.github.io/hardware-wallets/)**.** Software wallets and paper wallet generators are easier to hack. If you can’t afford a hardware wallet, you can use [BlueWallet vault (2-of-3 multsig)](https://www.reddit.com/r/Bitcoin/comments/kdvuh1/introducing_multisig_vaults_bluewallet_v600/) and split your key across 3 devices.

    **2. Verify your wallet is authentic.** Buy directly from the manufacturer and check for tampering. [Roll dice](https://medium.com/cobo-vault/how-to-verify-the-recovery-phrase-created-by-dice-rolling-be86b30810c1) to generate the seed yourself.

    **3. Backup all recovery information in a secure location.** If your wallet dies or you forget a passphrase make sure you can recover your Bitcoin. Many people use [steel backups](https://jlopp.github.io/metal-bitcoin-storage-reviews).

    **4. Provide recovery instructions to your inheritors.** Write down instructions in a will or [dead-man’s switch](https://blog.dashlane.com/what-the-hack-dead-mans-switch) including the location of your seed and passphrase backups.

    **5. Practice receiving, sending, and recovery with your wallet.** Receive and send a small amount of Bitcoin to the wallet. Wipe your wallet’s seed and see if you can restore it.

    **6. Always check the address on your hardware wallet when sending or receiving.** Hackers can [replace addresses](https://techcrunch.com/2018/07/03/new-malware-highjacks-your-windows-clipboard-to-change-crypto-addresses) on your computer with their own, so double-check on your device.

    **7. Never enter your seed on a computer or phone.** An app or website might transmit your seed to a scammer who [steals all your Bitcoin](https://cointelegraph.com/news/community-donates-07-btc-to-phishing-victim-who-lost-entire-bitcoin-holdings). Only enter your seed into a hardware wallet.

    **8. Only send Bitcoin to people you know are authentic.** Any deal that seems too good to be true is probably a [scam](https://news.bitcoin.com/crypto-luminary-impersonation-scammers-on-social-media-raked-in-millions-in-2018). There is no way to undo a transaction.

    **9. Double-check you own Bitcoin.** Don’t trust a website to tell you that you’ve received Bitcoin, double-check on a [block explorer](https://www.lopp.net/bitcoin-information/block-explorers.html) using [Tor](https://www.torproject.org/download/) or your [own node](https://bitcoinmagazine.com/articles/buy-or-diy-an-overview-of-7-bitcoin-full-node-products).

    **10. Determine the level of privacy you need.** Owning Bitcoin makes you a target for extortion or theft. Keep your Bitcoin as private as you can.

Loading…

0

What do you think?

XRP Tops A Three-Year High Above $1 Amid New Turn In Ripple Lawsuit

XRP Tops A Three-Year High Above $1 Amid New Turn In Ripple Lawsuit ⋆ ZyCrypto

5 Ways DeFi Can Revolutionize the Healthcare Industry 101

5 Ways DeFi Can Revolutionize the Healthcare Industry