Steem Account Security Practices [Revamped]

Steem Account Security Practices

Most of us using Steem know some basics about how cryptocurrency works. Some of us even trade in Steem for fun or to make money. Many have no doubt invested a lot of time in cryptocurrency, but do we know how to properly secure our cryptocurrency accounts? Here's how.

Generate a Strong Password

The first and best thing you can do to secure your accounts online is to set a very strong password for them. Thankfully, Steemit does so by default, but remember to follow this practice on other websites too! And remember to store the password securely, else it won't matter how strong the password is if a hacker can get it. Don't reuse it anywhere. Use a password manager to make your life much more secure and simple.

Beware of Keyloggers and Infected Computers

Don't login to Steem or any other account on someone else's computer, even if you do trust them. Their computer might have a keylogger or virus on it which could send your account details to a hacker. Also beware of keyloggers and viruses on your own computer. Don't download any suspicious programs or "crack" and "hack" apps. Most are viruses. Regularly scan your computer with a good antivirus. Don't be lazy and say you'll do that sometime or another: it'll be too late if you lose your account. Attacks can strike at any time.

Accepting and Sending Payments

Be careful of who you give cryptocurrency or money to convert into Bitcoin, USD, or some other currency. Only use websites and services that are either officially recognized by Steem (such as Bittrex) or ones that many people you know have used. If you choose to use one which is a bit shady but offers better prices or conversion rates, then they might simply keep your money and not pay anything out. Remember the old adage: if it's too good to be true, it probably is.

Watch out for Fake Steem Sites

These are called "phishing" sites, and they are there to steal your login details. Remember to check the link in your browser bar before logging in! If it's not an official Steem site, report it to Steem and leave the website. It's not worth the risk to login and "see what happens". Losing all your Steem isn't a joke, as you may well know. There are bad people out there in the world who will make money out of your ignorance, so be careful.

Disclaimer: The advice in this post does not guarantee 100% security. However it will probably protect you from most attacks. I don't take any responsibility for any stolen/hacked accounts, of course.