There are always new updates available for your cryptocurrency account that helps you assess your security measures. For the very same, this article enlists the most important tips when it comes to security when using a BTC.com account or Bitcoin Trading Software.
#1 Password
This is hands down the most common and overlooked step when it comes to choosing your password. Hackers are well acquainted with the vulnerabilities like using your handle as the password or just basic combinations of the keyboard or just replacing the letters with numbers. Always change your password on a timely basis so as to not forget it and making it hard for the hackers to gain access to your account.
#2 Email address
You must be using your email address for years and nothing bad has happened so far. But, you should always check if your account was compromised in any way. If you want to be on a safer side, change your password and set up two step authentication.
#3 Backup document
When you make a new wallet on the cryptocurrency accounts, then you gain access to your private keys. When signing up, you are also given a PDF backup document. This entails a mnemonic which is represented by an encrypted key that looks quite strange. This may be found under the “Encrypted recovery secret”. These words be carefully saved at all costs. If you lose access to your wallet by any way, then you can use this encrypted key with ease to gain access to your wallet. It is recommended to print the backup PDF in 2 samples and store them safely in different places so that the papers won’t be damaged. Once this is done, you can delete the email.
#4 Advanced security settings
You can add an extra layer of security by adding a two factor authentication. It looks something like this: once your login credentials are entered, they ask you to add random numbers. For enabling two factor authentication, you need to log in to your web wallet and go to settings. Then two factor authentication can be set up by the Google Authenticator. Sometimes, setting up security measures can be too much, but you should always back u your two factor authentication account, just in case if you lose your phone. This saves up a lot of stress and is also helpful in the long run.
