Post
Topic
Board Bitcoin Discussion
Re: How do you protect your digital coins?
by
aubert
on 23/07/2019, 23:09:33 UTC
The very first step to protect your crypto is to store them in hardware wallets, paper wallets, or cold storages.

Keep these tips in mind as well:

  • Keep your information private and avoid public WiFi networks that are an easy target for hackers.
  • Always use strong passwords and add 2-factor authentication for all of your accounts.
  • Store your cryptocurrency on multiple wallets.
  • Always use a password manager, so you don’t use an old password.
  • Do not post your email address, home address, or phone number on social media.
  • Keep your antivirus up-to-date to avoid downloading malware.
  • Don’t forget to backup your wallet periodically.
  • For cold storage wallets and backup wallets recovery seed at home, keep them in a fireproof safe.  



I am not sure if having multiple wallets is gonna  be a good practice though. I mean you could just have two wallets, one for your hodlings and another one for your tradings. Unless you're like a crypto businessmen then I think it is quite applicable, just don't put it in online wallets wherein private keys aren't handled by you and don't hold your coins inside of an exchange, people should already know that but I am still hearing a lot from people losing a lot of their coins due to hacks in the exchanges they're trading at. I've read in Reddit that people recommended Keeper as their password manager in anything though.
having multiples wallets is a good practice only if you capable of mantaining it. Even hardware wallet nowadays always randomly change the address of your wallet right? that is to avoid someone lurking on your wallet and if you have multiples wallets the chance you get hacked and lose all your money will be reduced.