12 Ways to Keep Cryptocurrency Safe from Hackers

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.

#1 Use a VPN

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.

#2 Select Passwords Wisely

This is an obvious one, but too many of us like to pick easy-to-remember passwords or use the same password for multiple accounts. Not a good idea.

#3 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.

#4 Use a Secure Email Service for Crypto Activities

While it’s easy to use your normal email address to sign up for an exchange or set up a wallet, it’s not the best idea.

#5 Avoid Public WiFi

Waltzing into your favorite coffee shop and using an unsecure Wi-Fi network to buy and sell crypto is dangerous. Avoiding it altogether is one of the easiest ways to keep cryptocurrency safe from hackers.

#6 Don’t Store Cryptocurrency on an Exchange

Exchanges have vulnerabilities, and criminals know this. If you leave your crypto on an exchange, the safety of your funds are in the hands of the exchange owners — not you.

#7 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.

#8 Have Multiple Wallets

Another way to keep cryptocurrency safe from hackers is to have multiple wallets. Divide up your crypto assets among multiple wallets so, if funds are stolen from one, you’ll still have some assets.

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