Cryptocurrency security tips: How to protect your Ethereum, Bitcoin, Ripple, Litecoin and other holdings?

How to protect your cryptocurrency holdings? As the value of most of the cryptocurrency actually increases, the hacking attempts are also increasing as well. You need to keep in mind that once the hackers are able to get all of your accounts, they can easily move the currency within seconds. This is one of the main reasons why you have to be always alert in order to protect the cryptocurrency holdings which you have. Moreover, you have to check it on a regular basis in order to ensure that it is in its place as well.

We would today share with you a few tips which would actually help you in protecting your cryptocurrency holdings.

  1. Having 2-factor authentication:

One of the 1st steps which you have to always undertake is to activate the 2-factor authentication. Whenever the 2-factor authentication is activated on your account, you can be sure that additional security would be required. Without accessing your phone, nobody would be able to move around the cryptocurrency. Most of the reputed cryptocurrencies actually provide you with the option to activate the 2-factor authentication.

  1. Secure devices:

You need to understand that you have to access your cryptocurrency accounts from secure devices only. You have to avoid public computers or you have to avoid public Wi-Fi networks as well. When you are able to do that, you can be sure that nobody would be able to steal your password as well.

Moreover, instead of directly downloading the various applications, it is important to use only the official sources in order to move the cryptocurrency or in order to check your account. Once you are able to do that, it would become significantly easier for you to protect your cryptocurrency holdings.

  1. Opting for a cold storage wallet:

If you’re looking for a high amount of security, the best option which you have got is to always opt for the cold storage wallets. When you are able to opt for the cold storage wallet, your cryptocurrency holding would not be kept online. This would ensure that even with the hacking attempts, there would be no risk to your cryptocurrency holdings.

Thus, whenever you’re trying to protect your cryptocurrency holdings, it is important for you to look into these few points. Only with the help of these few points, you would be able to completely protect your cryptocurrency holdings. You need to not only make the right investment in cryptocurrencies but you have to work equally hard in order to protect your crypto currency holdings as well.

Tags: cryptocurrency security issues, cryptocurrency security companies, cryptocurrency securities, how to store cryptocurrency offline, safest bitcoin wallet 2018, all in one crypto wallet, bitcoin cold storage device, how to store bitcoin on usb

Adam Webb is editor in Smartereum, blockchain and currency news, where he produces updates on Blockchain, Ethereum and other alternative cryptocurrencies.


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