3 Important Tips to Secure Your Cryptocurrency Investment in 2018


Cryptocurrency is everywhere. You’ve got people investing in various crypto assets, and more are being created on a regular basis.

However, how do you ensure that these assets are safe?

While hidden cameras or hidden spy cameras are highly effective in ensuring the safety of physical assets in your workplace and home, they really can’t do much in this case. To wit, consider the following tips and adhere to them:

Always keep your cryptocurrency information private

Are you the type to put a lot of information about yourself and what you do out there?

Then you might want to make an exception when it comes to your cryptocurrency.

Believe it or not, you actually become a target when you mention on any social media site at all that you invest and trade in cryptocurrency.

You might also want to stay away from public Wi-Fi networks as well. These networks provide gateways to your personal data, and it will be possible for malicious people to get their hands on some of your crypto assets that way. If you want to access your cryptocurrency account with the use of a public network, then the use of a VPN will definitely be recommended. A VPN will help to add information such as your location, name, and even your IP address (which, in turn, hides your device information)

Always use strong passwords

Yes, it might sound like a cliché. However, a lot of people tend to ignore this advice and just go about with passwords that are easily remembered. You’re actually hurting yourself and putting all your crypto assets in a lot of danger by doing this. Make sure that when it comes to your crypto accounts, your passwords are strong and it is something that can be guessed easily. Use a combination of uppercase letters, lower case letters, and numbers. You can even throw in some special characters in there as well.

Another thing about passwords is that you should really refrain from making use of a one-password-fits-all strategy. If a hacker is able to get their hands on this password, then it’s pretty much game over.

Spread your cryptocurrency across several wallets

This is another viable defense strategy. You want to ensure that your cryptocurrency is never all in one place, so try to spread them across several wallets. This basically means that you might want to have more than wallet, and if you’re the type of person who invests in more than one crypto asset, put each in a separate wallet.

Remember: Never use the same wallet password for all of them. Make your passwords long, complex, and different.

 

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Author Bio: Rachel Stinson has always had a knack for writing, food, fashion, and places. Blogging has combined all four for her with an added bonus of enthusiastic audiences. She expertly analyzes real estates, restaurants and camera stores with respect to pricing and people involved and can express her opinions in an unhesitant, engaging manner for all matters.