We all must live with the fact that the online world is no longer safe, especially for those unaware of the threats and protective measures. There is nothing out there that provides us with complete protection against hackers. Nonetheless, we can consider following some critical steps to secure our crypto wallets which are listed here: Have you ever heard of an SSL certificate? Do you know what role does it play in the security of your crypto wallets? SSL certification establishes a secure connection between the users and lays the foundation of trust. SSL stands for ‘secure socket layer’ which helps to encrypt the link. It helps to transmit your sensitive information such as login information and credit card numbers securely.
Are you wondering what a private key is? A private is key creates the connection between you-the user, the owner, and a series of public keys. It would be best if you used hardware/ cold storage crypto wallets. They help in secure your private key in the best way possible, keeping it as far away from cyber threats as possible. Trezor or Ledger is the leading companies that offer various models that come with encryption features and pre-installed security layers. Do you connect your electronic gadgets to public connections frequently? Oh, well that’s too bad because it may be the reason for your crypto wallet to get hacked. Public Wi-Fi networks can put your wallet at risk. These are quite vulnerable and make it a lot easier for the hacker to steal your key. Securely keeping your wallets in your device may also not be able to protect your wallets entirely if you have single authentication. Have you seen those emails with domain names similar to those of the actual sites, but are actually duplicate sites? I know you must have, and that’s what is called phishing. These websites use the same URL and clone the entire original webpage to some famous and trustworthy company. People often don’t pay too much attention and hence, get easily fooled by them. Don’t be one such fool because once you give a phishing site their desired details, you can say goodbye to your funds.
Do you also have the same wallet for your office work and your day-to-day transactions? Well, keeping one wallet may seem easy but is not prove very useful. There is no specified limit for the number of wallets you can have on your device. This way, you can keep your savings more securely and maintain the amount you spend each day on petty expenses. Also, back up is necessary for your crypto wallet. In case your device is stolen, the thief can access your wallet, which may result in the loss of funds. We all are aware of the importance of passwords and keys in the world where cybercrimes are so common. Keeping a password that is easy to crack can result in the loss of all the funds you thought were locked up safe.
Do you think that encryptions and passwords can keep your wallet completely safe? Well, no, you are mistaken. Encryptions and password may prove to be helpful against hackers and thieves, but they are not sufficient to hold back various types of malware and key-loggers on the internet. For them, you need a proper up to date antivirus software. Some may be free, while others may cost some charges. Whether you are an end-user or a business owner, it is necessary to secure your crypto wallets. Just as every situation has two views, the internet does too. Along with the increasing usage and benefits of the internet, we must not forget that it is not entirely safe. Furthermore, it leads to our information being vulnerable. Therefore, we need to follow some security measures to keep our data safe from malware and hackers.
