Investing in crypto-currencies can be very profitable… and then turn into a nightmare if you have been the victim of a hacker. The case of investors who have lost part of their portfolio or its entirety, unfortunately, are not rare. For not to enlarge on these statistics, you need to take preventive measures. Here’s how to protect your valuable crypto-currency in the piracy.
Before entering the heart of the matter, it should be noted that this article does not cover the Ledger Nano S or Trezor. The cold storage is of course highly recommended for all your crypto-currencies that you do not intend to sell in the short term. But when it comes to making quick decisions, this kind of solution is obviously not practical. We will, therefore, discuss the measures to protect your pins that you want to have quickly on hand.
1. Don’t let your crypto-currencies on the exchanges
We have all heard this advice, but we do not take often into account, by laziness. However, your funds can be appropriated even if you have not committed any odd security, hacking exchanges or pools mining to prove it. Enable the option for 2FA is a must, as well for the removal of your crypto-currencies for your account log-in : you can never be too careful. While it is tempting to centralise its corners on a stock exchange, the strategy of dissemination can reduce the risks.
2. Use of strong passwords
It is certainly convenient to use a password mnemonic, and worse still using the same password for all your accounts. But, in doing so, you increase the risk that you do hack. For each site on which you register, you must use a password strong and unique. To make your life easier, please do not hesitate to use a program like KeePass which allows you to generate passwords and store them encrypted.
3. Attention to phishing
Be extremely careful when you open links from e-mails. This should be a reflex before any connection to a site, but even more so when you’ve clicked on a link : make sure you are on the official website by searching the address bar and the certificate.
4. Security software
You must have installed on your computer an antivirus to protect you against Trojans and other keyloggers. Since these viruses appear daily, it is highly recommended to also install an anti-keylogger to encrypt your keystrokes at the keyboard. If your antivirus does not have an anti-malware built in, you have also interest to install one.
5. Never use generators online
Some crypto-currencies, such as IOTA, have a portfolio that works on the basis of a seed, a long string of characters that serves as the user id and password ” all-in-one “. Some websites offer very generously a tool for the generation of seed online. The people who have used these services are provided to you on a silver platter access to their portfolio… and have been robbed. The software KeyPass, new, allows you to generate strings according to rules that can be customized to conform to the rules of the seed, and keep them.
6. Attention to the public wifi
It can be very tempting to want to spend a few orders while you’re at the Starbuck, or any other establishment offering wi-fi public free of charge. Please be aware, however, that this infrastructure is particularly vulnerable from the point of view of computer security.