Securing Your Crypto: Dos and Don’ts

Investing in bitcoin or cryptocurrencies in general can sure make us good money when we pick the right coins to invest in and if we’re patient enough. Though some people are too careless and forget that securing your investments should always be a top priority. Here are some Cryptocurrency Security Tips for your investments.

DOs

[1] DO only store your private key(s) on pieces of paper or on a CryptoSteel, and store them somewhere no-one else but you has access to.
[2] DO store majority of your funds on a hardware wallet or a correctly-made paper wallet


[3] DO only use a paper wallet if you’re 100% confident that you can make one in a secure manner.
[4] DO store only small amounts of crypto on your hot wallets(exchanges, software wallets, web wallets, etc).
[5] DO use secure and complex passwords on all your accounts; not only on your exchange accounts.
[6] DO use 2 Factor Authentication on most if not all your accounts online. Your accounts having 2FA makes your accounts significantly harder to hack.

DON’Ts

[1] DO NOT save your private key(s) and account passwords on a .txt file, a word document, on your mobile phone’s notes app, etc.
[2] DO NOT store significant amounts of cryptocurrency on your hot wallets, pretty much anywhere that you don’t have control over the private key(s) and that could potentially be stolen by hackers
[3] DO NOT give away your private key(s) to crypto airdrops or to anyone else in general. Giving away your private key(s) is pretty much like giving away access to your entire investments.
[4] DO NOT click on exchange ads on Google or any other search engine. There’s a good chance that a certain link you see in your search result is a phishing link that could potentially steal your funds.
[5] DO NOT re-use passwords on exchanges or any other website.

Related Articles

CryptoSec.info is a website made to help beginners in the bitcoin cryptocurrency-space by giving them sufficient knowledge on how to protect their cryptocurrencies in general, and how to avoid getting caught up in scams.

Head over to our Guides section to read more on how to protect your bitcoin or cryptocurrencies.