Howdy Carlos,
It will be criminal on my part if I don't mention online and crypto security in this series.
And it becomes more important to talk about safety and security of your Bitcoin and other cryptocurrencies because by holding these currencies you become your own bank.
And if you don't practice the best practices of the online and crypto world then you are sure to get hacked.
CoinSutra aims to bridge the knowledge gap between cryptocurrency security and what is required to invest responsibly in these tokens.
So I am going to share some crucial weapons that you need to have in your arsenal before you begin flashing around your hard earned money on the crypto trading platforms & wallets!
- Dashlane (Password Manager): It is difficult to remember so many passwords and that's why we often keep one or two passwords for everything. This is a must do in online, and especially in crypto world. So using password managers like Dashlane is a wise choice.
- Two Factor Authentication: Even if someone hacks your crypto exchange, having two-factor authentication is like having an insurance for free. Authy is a great 2FA app that is available for both Android and iOS app stores.
- Cryptonite Google Chrome Extension: This tool saves you from phishing pages. Absolutely must have!
- Adblocker chrome extensions: Use ad blockers to stay focused and discard fake PR and advertising stunts that often persuade you to take foolish decisions. It works not only with search engines, but also blocks advertisements on social media platforms and YouTube.
- VPN or Tor Browser for staying anonymous: If you want to be extra cautious and hide your activities of cryptocurrencies and accessing to crypto exchanges, use VPNs. If you are looking for a reliable VPN, IPVanish, ExpressVPN and NordVPN are great options to go for.
- Hardware Wallet for storing cryptos: Cannot recommend you enough. Having a hardware wallet like Ledger Nano S or Trezor gives you a sense of extreme security even if your device is lost or destroyed. And if you are a long-term player, it makes all the more sense to have hardware wallets for your crypto funds.
- Anti Virus: The holy grail of online security. Having an anti-virus is a must if you are to rely on your desktop or laptops for dealing in crypto. Kaspersky and BitDefender are leading choices when it comes to paid antiviruses.
Lastly, I want to share some of the Best Tips For Storing Your Bitcoin Recovery Seed Safely
- Don't think too hard; just take a pen and paper and write down your recovery phrase. Don't underestimate the power of a pen and paper.
- Don't take a screenshot or mobile photo of your recovery phrase because someone can simply hack into your computer/mobile and copy it.
- Never make a digital copy of your recovery phrase; never store it on email or cloud services.
- If you are HODLing a significant amount of Bitcoin, keep your recovery phrase sheet laminated inside of a fireproof and waterproof vault.
Some more tips and tricks for securing your cryptocurrencies can be found in these exclusive security guides:
- The Basic Online Security Guide For Cryptocurrency Baby Boomers
- Security Risks of Mobile, Web & Desktop Bitcoin Wallets
- How To Keep Your Recovery Seed Safe And Secure
- Best Ways To Safely Store Your Private Keys Or Seed Key
Have fun reading these. I will see you in the next email with our Crypto Trading Automation Tool that Works.
Ta Da!
Harsh Agrawal
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[Warning] Your Cryptos are in Danger - Learn how to keep it Safe