With the spontaneous increase in crypto trading, bore the need for more conscious
approach to secure your cryptocurrency from cybercriminals lurking out there,
getting more creative in there attempts to steal from the vulnerable. Although it might
sound a bit worrisome but most people are vulnerable to cyber attacks and that is
why you should make deliberate effort to secure your cryptocurrency. However the
good news is you can improve the level of security to your assets by adhering to
these security measures
Enabling 2Factor Verification to secure your cryptocurrency
Enabling 2Factor verification via phone number or email address would add an
additional layer of security to your wallets, thereby ensuring that your wallet cannot
be accessed from another device without you being notified either by mail or assigned phone number
Ensure to use safe, secured wallet and exchanges
Since you will be investing your funds into digital assets such as Bitcoin, Ethereum,
Perfect money, USDT and the likes you should be careful of the exchange from
where you buy them, making sure you are choosing the right one becomes critical. Research the exchange’s authenticity and security as a thorough research will help you choose a secure and legitimate exchange platform as well as wallet for storing your assets.
Do not share your login details
Most persons find it convenient sharing login details with friends and family in whom they trust but it is advisable not share your login details with anyone else as they might be careless with it and letting the your password fall into the wrong hands leaving you vulnerable to cyber attacks
Use offline wallets for optimum security
Offline wallets are cold form storage wallets and are indisputably the best form of storage for any crypto investor especially if you would be storing large amounts. The wallet’s offline mode makes them very secure from remote attacks. You can also checkout our previous blogpost Which bitcoin wallet is the best in Nigeria? to give you heads up on which bitcoin wallet is ideal for you.
Do not login from any device
To secure your cryptocurrency it is best if you do not login to your wallet from another device that is not yours. Though you might have in mind to log out once you are done transacting but some devices automatically save login details and once you login successfully to such device your login details is saved and any one in possession of the device can actually have access to your assets.
Staying Vigilant At All Times To Secure Your Cryptocurrency
It is very important to protect your passwords using necessary tools but it is also pertinent you stay vigilant and avoid bragging about the amount of cryptocurrency you have in your wallet just as must as you shouldn’t brag about wining a lottery, hence making yourself a target. Also don’t fall tricks of fraudsters posing to be tech supports, whom try to pressure you to giving out login credentials. Exchange platforms such as Nairadirect, Exchangeindeed and Nairaload would never ask you for your login credentials.