The decentralized, secure peer-to-peer network is a major benefit of blockchain technology and cryptocurrencies since it makes it very difficult to hack or manipulate the system. However, there are a lot of scammers in the crypto sector that wants to steal your private keys and funds. Due to the digital nature of the cryptocurrency market, it is crucial that your cryptocurrency holdings remain secure at all times.
Some tips from CoinFreaks for keeping crypto safe.
Keep the private key safe.
A crypto wallet’s security depends on its private key, so it’s best to keep it in a secure place. When you create a crypto wallet, write its private key or secret word on paper and keep it in a safe place. Never give it to anyone.
Use a fresh email address.
Use a fresh email address to participate in the airdrop, because you have to submit email addresses regularly to participate in the airdrop, so use a separate email only for the airdrop.
Use strong passwords.
Participating in airdrops often requires you to register on multiple websites, so having a strong password is essential as these websites will hold your funds. When choosing a password, always choose a strong password with some special characters including numbers, uppercase, and lowercase letters.
And always make sure that passwords for all websites are never the same. By doing this, if any password is hacked, then access to other sites will be secure.
Activate 2-factor authentication.
Try to Use 2-FA protection on your wallets as much as possible. 2-FA will act as a shield for the security of your wallet.
Try using hardware wallets to store your crypto. Software wallets have the possibility of being hacked, but hardware wallets are more secure than software wallets. It is not recommended for beginners as it requires a purchase to use a hardware wallet. But if you hold large amounts of crypto then a hardware wallet is definitely necessary.
The scammers take great satisfaction in stealing your private keys, as well as your e-mail addresses and social media passwords. E-mail addresses are something that they could potentially sell as a database, and using social media is an efficient tool to get in touch with a large number of individuals for marketing and private key reasons.
As long as you have any kind of financial interest in crypto investments, you should never give anybody your private keys.