9 "Must Watch" Tips to Secure your Cryptocurrencies

in #security6 years ago

The biggest (yet easily avoidable) threat to your cryptocurrency investments is scammers & hackers who stole an estimated $1.2 billion from our community last year.

The industry is embroiled in scams & hacks. The biggest forms include:

  1. Social engineering
  2. DNS spoofing
  3. Fake ICOs
  4. Stealing of passwords & private keys
  5. Pyramid schemes acting as lending platforms

These are easily avoided by following a few simple security tips.

We give 9 simple but powerful tips that help you stay protected at all times :) Follow along in the video below.
We are doing our part in protecting the community. If you enjoyed the video, please consider subscribing on Youtube & DTube :)

Following are the Tips discussed in detail with examples in the video

Tip 1: Invest only in trusted exchanges after doing your due diligence & research.

Tip 2: Check the ensure that the exchange you visited is genuine. You can do this by looking at the SSL certificate & the Domain Name.

Tip 3: Use an Active Email & a very strong password.

Tip 4: Always enable 2 factor authentication on all the exchanges that support it.

Tip 5: Do not store your passwords unencrypted.

Tip 6: Do not store your cryptocurrencies in exchanges.

Tip 7: Use reputed wallets & follow best practices.

Tip 8: Do not share your Private keys with anyone

Tip 9: Encrypt your private keys before backing it up. You can use SanDisk Secure Access for this.

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@chainverse, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!

Please also take a moment to read this post regarding bad behavior on Steemit.

Thank you @introduce.bot :) Hope you find the video very useful & the advice helps protect your crypto assets :)

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