How To Secure Our Wallet
Often we would all want to be secure, we crave to know we are safe as humans and we love to know our assets are safely stored away in a way we wouldn't worry about it at all.
Yes as the world goes digital it is highly imperative we secure our assets online from hackers and those who want to steal our private information for their nefarious purpose whichever that maybe.
What Is Security
The term security is often been defined as a state of being safe from harm or danger of any sort, now when it comes to our asset we could say it is the insurance we put in place which guarantees the safety of our digital assets as the case is. We live in a time where many people make a living from exploiting our asset so that's why we need to take the issue of security very seriously on all levels.
Even in business today from those that own local shops to people who work in office and companies they all need levels of security that's why they build security houses in some establishment to secure the lives and property of those inside as we need to have that confidence that things are in safe hands.
Now when we talk about cyber security it involves using available resources, technology and other process to protect our devices, networks and data from people with malicious intent who launch malicious attack as well. Now in cryptocurrency it is very important we be very security conscious with the asset in our wallets we need to secure our wallets properly, but what then is a crypto wallet?
What Is A Crypto Wallet
A crypto wallet is a software program which stores private & public keys to make it possible for its vast users to be able to send as well as receive digital currency and be able to monitor their balance as well. Yes, for one to be able to own any crypto asset asset be it Bitcoin, Steem, Ethereum etc then he must have a digital wallet.
Today many people actually uses crypto wallets infact millions of people uses it and it's quite different from how our normal pocket wallet is which is used to store cash or currency the digital wallet don't really store currencies as currencies don't get stored in any single location or exist anywhere in any physical form rather what we have are records of transaction stored on the blockchain that is how a digital wallet functions.
Why We Should Secure Our Wallet
The reason why we should secure our digital wallet is same reason why we must protect our bank account same reason we protect our valuables, it's pretty simple we must protect our wallet to ensure our assets that are stored in it are safe and well protected. Knowing our assets are secured we make us have relative peace of mind and a sense of belonging so that is why we need to secure our wallet to make sure our informations are safe from those that want to pry on it and take a hold of our asset.
How To Secure Our Wallet
Now having seen why it's of the utmost importance that we secure our crypto wallet the thing now is, how exactly do we do that?
One way we do this is by enabling transaction signing, that is to say before we buy or sell or send or receive we have to enter our transaction pin we have to approve that with our transaction passcode it's more like an applock so that even if someone manages to lay hold of our devices they won't be able to carry out any transaction as they would need to bypass the pass code.
Also we should be mindful of the links we click, some scammers send us links claiming to be from the help center of the wallet exchange and if we click this link we are exposing our wallet security to this scammers and they are able to see our private keys and gain access to our wallet, but the thing is our wallet exchanges will never message us or contact us directly so that's why we should avoid the bait of having to click links, some come in the form of airdrop yes aiming to get free tokens could make us lose the asset in our wallet because most times those airdrops are scam airdrop and if we follow their instructions we are forfeiting or exposing our account to them.
Another thing we have to do to secure our wallet which is of utmost importance is that we secure our key phrase which are 12-16 whichever that is on our case which is our set of private keys it is important we secure this and we should take care not to save this in any electronic device which are still liable to hacks instead we should store this offline in a secure offline vault or a physical note pad for safety purpose which is not connected to the internet at all thereby making it impossible for hackers to gain access to our wallet.
Another helpful thing is to use a Google authenticator, yes we should enable this so that each time we want to login we need to verify it which no doubt add to the security of our crypto wallet and also another side advice from me is that no matter how secure our wallet is we should never store all our asset in one place because you never know just incase something happens so we won't be losing all our investments in one fell swoop.
So that's generally how I think we should protect our wallets there are other ways we could also do this.
Conclusion
Yes it's vital we have absolute control of our assets and also protect it from scammers and one sure way to be rich is not only by gathering but by securing what we have gathered, we really need to do our best to secure our wallet and I feel if feel carefully do what I have outlined then it will sure go a long way in ensuring the safety of our wallet ofcourse there are also some others we could add on our own.
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Wallet security is very vital as the wallet is where we store our digital assets. You have done well in explaining this term.
Thank you
Thanks alot for visiting my post
Wallet security is very important for us. Thanks for sharing this helpful post.
I glad u see my post as helpful to the community
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