Theft of funds in the cryptocurrency industry is a problem that will be around for a while. The number of victims has consistently increased almost every year. But with additional technological advancement, we can pursue specific options to keep criminals out of the Bitcoin network. And to obtain excellent results, you must always adhere to all the safety tips. That’s why experts recommend using a secure and efficient crypto exchange like bitcoin-loophole.nl for all your trades. The following are the five amazing ways to secure your Bitcoin wallet against online theft.
Avoid Logging In At Public Places
Unlike your Facebook or Twitter account, your Bitcoin wallet directly links your funds. Therefore, you want to avoid doing anything that will leave you regretting it for years. You can minimize the chances of someone accessing your digital wallet illegally by keeping off public internet facilities such as cyber cafes. You need to find out the applications running on those machines. So accessing your Bitcoin address through a shared computer can cause unimaginable losses if someone steals your private key. Avoid problems by using only your device whenever accessing your Bitcoin wallet.
Don’t Tell Anyone Your Login Credentials
Many people have lost billions of Bitcoins because of too much trust. Remember that you can never tell anyone your login details, no matter how much you trust them. The only exception is when you’re cryptocurrency business partners managing the same account. And this safety rule spares no one, not even the agents from Bitcoin exchange companies you trade on. Even if a genuine business representative from your exchange website calls asking for your password or username, don’t tell them anything. That’s how you can seamlessly boost the safety of your cryptocurrency wallet and keep your coins intact.
Be Careful With Links You Open
Remember that not all emails that come to your inbox are from genuine players. Some might just come from scammers somewhere, plotting a massive heist. So just as we’ve stated above, the device you use to manage your Bitcoin wallet should be specific and kept carefully. Don’t follow unfamiliar links because some can install dangerous spyware applications that can copy your passwords and send them to hackers. Unfortunately, this can happen without you noticing a thing.
Choose Trustworthy Bitcoin Exchanges
Any other safety precautions you take may be worthless if your Bitcoin trading platform is compromised. Reputable cryptocurrency trading sites have installed various anti-fraud mechanisms to ensure the safety of your assets. And this also extends to the digital wallet you use to load your trading account with fiat money.
Protect Your Device with Robust Antivirus Products
To begin with, does your phone or computer have antivirus software? If it doesn’t, make an effort to purchase one and install it immediately. And we don’t mean just any application. Do your research to identify the best Antivirus packages on the market today. An antivirus would destroy any malware introduced into your device without your knowledge. And this will minimize the chances of your wallet’s private key ever getting to the bad guys.
You’re the one responsible for the safety of your Bitcoin wallet. So your actions can make your crypto wallet unreachable or more vulnerable. You can ensure maximum security by avoiding signing into your digital wallet using shared computers. Also, don’t share your login information with anyone, not following unverified links, trading on secure Bitcoin exchanges, and installing effective antivirus software on your devices.