Recently, i have been coming across more stories of person's that have forgotten their passwords or keys, and because of that, have lost their investments (btc and other coins) in the process.
Let us enlightenment ourselves, What could be some causes of this?
Could it be stress, elaborate passwords or something else (please state what you think is a cause).
From identifying the causes, i believe we will be able to get solutions.
To prevent forgotten passwords or keys for cryptocurrency investments, there are several common causes that should be addressed, including
- stress and anxiety
- complex passwords
- lack of organization
- carelessness
To mitigate these risks, use a
- password manager to generate and store strong, unique passwords in an encrypted database
- enable two-factor authentication
- backup keys in a secure location, and keep passwords and keys in a safe
- password-protected file
By implementing these best practices, individuals can protect their cryptocurrency investments from potential loss or theft.