New 2019 Cryptocurrency Investors Should Follow These Digital Asset Storage Security Tips

2019-2-19 00:23

Making Sure Your Crypto Assets Are Secure In 3 Easy Steps

With a rise in security threats at crypto exchanges the world over, the advice of experts still rings true: safely store your crypto. This is essentially about making sure no one else ever has access to your crypto without your say.

Store Your Own– Storing it through an exchange is almost counterintuitive because the basis of blockchain tech and the creation of the first cryptocurrency, Bitcoin, is for the concept of decentralization. Crypto exchanges are centralizing a decentralized tech product. If your exchange wallet is compromised in any way, you may lose its entire value and never get that value returned to you. Passwords– Despite the old words of wisdom to not write your password down, it is even less safe on your computer in this day and age (particularly where money is concerned). There is no single perfect solution to accommodate this. The best options involve splitting up your password into pieces and keeping them safe in separate areas, in both physical and digital form. This includes hiding it amongst other information but that’s really getting into the weeds of it. Never Carry Your Password– This is mostly self-explanatory, if any part of your password or the entire thing is written down on a physical piece of paper, do not carry it around with you. Your wallet could be stolen, your pockets could be picked and it is just not a good idea. Your safest bet is keeping it in a safety deposit box at a bank.

These may seem extreme to the average person but hacking is a rising crime that is very difficult to protect yourself from, both on your personal computer and on a larger platform. If you have high amounts of money invested in cryptocurrency, it’s important to protect those assets to the best of your ability. With physical money, you would never keep $100,000 or even $10,000 in your house, it would be safest in a bank. With online money, it is safest where only you have access to it.

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Four Steps for Total Crypto Security

When it comes to keeping your crypto safe from outside theft or harm, plenty can be done. You wouldn’t leave your wallet out in public unattended. You wouldn’t leave your car in a lot with the keys in the ignition – so why trust that your digital currency is any safer? Secure your PC, yourself […] Four Steps for Total Crypto Security was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-25 17:39


Action Fraud Warning: High Incidence Of Prowling Wannacry Ransomware, Phishing, Targeting Crypto users

Action Fraud, UK’s cyber crime watchdog has warned cryptocurrency users to be watchful of phishing emails which use Ransomware WannaCry. Issuing the red alert, the regulator said, “The WannaCry emails are designed to cause panic and trick you into believing that your computer is infected with WannaCry Ransomware,” and users have to be careful not […] The post Action Fraud Warning: High Incidence Of Prowling Wannacry Ransomware, Phishing, Targeting Crypto users appeared first on ZyCrypto.

2018-6-26 19:58


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How To Find The Perfect Cryptocurrency

With so many available cryptocurrencies, its often hard to put your focus on just one cryptocurrency. Of course, many investors will invest in multiple currencies and as a matter of fact, this is sometimes unavoidable (some currencies can only be bought with other cryptocurrencies for example) but even so, the markets are a minefield at the moment, making it really difficult for investors to decide how to proceed.

2018-6-25 16:00


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Liechtenstein’s “The Blockchain Act”, Crypto Currency, Initial Coin Offering, and words from the Prime Minister

The blockchain law — so called Blockchain Act — was announced by Adrian Hasler at this year’s Finance Forum on March 21. Cointelegraph spoke with the prime minister about blockchain regulation, the politics regarding this technology and cryptocurrencies, ICOs and the business climate in Liechtenstein.

2018-6-24 16:08


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You Can Now Exchange Your Leftover Euros for Crypto at Schiphol Airport

One of the most inconvenient things about international travel is getting stuck with foreign money that can’t be accepted in your home country. Luckily for passengers and visitors to Schiphol Airport, they now have the chance to experience the benefits of a truly global currency first hand and get rid of their fiat at the […] The post You Can Now Exchange Your Leftover Euros for Crypto at Schiphol Airport appeared first on Bitcoin News.

2018-6-20 16:30


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