5 Tips to Keep Your Cryptocurrency Safe

Cryptocurrency can be stolen. Whether it's through hacking, malware, or simple user error — your cryptocurrency could just vanish. Never fear though, we're here to help. Here are six tips that should keep your coins secure on any exchange (and offline if you want):

 

Always have a paper backup of your private keys

When you're storing any digital files online, it's important that you keep a copy of them in case anything happens to your original copy. If anything were to happen to your computer or hard drive, this will allow you to access your digital assets again if needed.

 

Don't use exchanges that aren't secure

You might be tempted to use a crypto exchange that's easy to access, but doesn't take security seriously. This can be risky because hackers can easily steal your cryptocurrency if they get into your account. It's important to use a reputable exchange or the best app for cryptocurrency trading that has strong security measures in place so that you can feel confident in your funds being safe.

 

Use a good mobile wallet

The safest way to hold your coins is on a hardware wallet, such as the Ledger Nano S or Trezor. These devices are USB-compatible and provide a secure way to store your private keys offline, with no internet connection required.

 

Don't leave your private keys on a computer or laptop

If you're going to use a cryptocurrency wallet, the most important rule is to keep your private keys secure. This means never storing them on a computer or laptop that can be accessed by anyone. Instead, store them in a safe place with multiple backup methods and strong security features.

 

Secure your wallet with a PIN code or two-factor authentication (2FA)

It's always good practice to use a PIN code or two-factor authentication when storing cryptocurrency somewhere online. If someone steals your computer or laptop and tries to get into their cryptocurrency wallet, they won't be able to without knowing the PIN code or having access to one of their 2FA options.

 

Final words

These are just some of the tips to keep your cryptos safe. Stay updated with all the industry trends, be aware of the latest vulnerabilities, and keep updating your precautionary measures.