Cryptocurrency theft is on the rise with more than $1 billion in cryptocurrency taken in 2018 alone, and the trend shows no signs of slowing down. More than 50% of cryptocurrency theft occurs in the U.S. Here are four easy steps you can take on your end to personally secure your cryptocurrency.
Never use public wifi. We’ll say it again. Never use public wifi. Public wifi is wifi that requires no authentication for use so it is unsecured access. You may think you are connecting to a hotspot, but you may actually be connected to a hacker. And should you happen to open your crypto-wallet? You know the answer.
Maintain your Antivirus software. Not having an up-to-date antivirus software program on your computer or device is just begging for trouble. Malware, spyware, keylogger, and other hacker avenues can just pluck your information in an instant. Antivirus software is widely available. There are even some excellent free antivirus programs available.
Use a VPN. A VPN gets between you and the hacker by ensuring your trail cannot be followed and your data is encrypted. There are many to choose from, some free, some not, some good, some bad, so do your research before you choose a VPN. NordVPN, for example, has fantastic reviews and is ranked as one of the best on the market today. A VPN makes that public wifi hotspot safe for use.
Have a rock-solid password. Short and weak passwords are not what you want to secure your money. Be smart and create as strong of a password as possible. Use more than 12 characters, both upper and lowercase letters, numbers and symbols all jumbled up to make no discernibly easy guess. And be sure to never use the same password for your wallet that you do for other accounts.