Cryptocurrency was built on the idea of decentralization and self-reliance. This means it’s up to you to protect your information and your crypto assets. There’s no bank teller you can call if you accidently send crypto to the wrong address or your computer gets a virus created to steal Bitcoin.
And there’s no centralized customer service support available if you lose the recovery phrase to your hardware wallet. This might scare off some people, but it shouldn’t. If you know what to do, it’s pretty easy. Keep reading for 12 ways to keep cryptocurrency safe from hackers.
A VPN (or virtual private network) encrypts your internet traffic and creates a secure connection to another network over the internet. It hides your IP address, allowing you greater online anonymity. I’d recommend staying away from free VPNs because many have been known to sell
Use a 2-Factor Authentication Code
Instead of receiving an authentication code via SMS or email when you log into an exchange or want to transfer crypto, you’re given a one-time 6-digit password that only you can access through an authentication app.
Whether you use Gemini, Coinbase, Kraken, or any other exchange, don’t think your crypto is safe sitting there. Exchanges have vulnerabilities, and criminals know this.
Get a Hardware Wallet One of the best ways to keep cryptocurrency safe from hackers is to get a hardware wallet. Hardware wallets, or cold storage wallets, are physical devices that you can hold in your hand.