9 Ways to Make Sure Your Crypto Wallet is Safe

A Guide to Protecting Your Tokens from Theft and Loss

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Satoshi Nakamoto’s crypto wallet holds 1 million Bitcoin; 1/21 of the world’s supply.

The dollar value of the wallet is over $6 bn. The nature of Bitcoin means that if someone were to steal this money, they would be hard to prosecute.
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This makes Satoshi’s wallet an attractive target for hackers. But so far, nobody’s managed to hack it. This crypto expert estimates that Google, the US government or the Chinese Communist Party will get there by 2027 — but only time will tell.

Meanwhile, other crypto wallet owners aren’t as lucky. Through 2017 and 2018, crypto exchanges lost over a billion dollars to hacks. Individual users constantly lose thousands and millions to fire, frost, fraud, forgetfulness, etc.

You don’t want the same thing to happen to you. Fortunately, this article will give you 8 ways to keep your own crypto safe. #1 is to…
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1 . Use an App to Make a Strong, Unique Password
In 2012, Jeremi Gosney made a unique computer and optimized it to crack passwords. Its guessing rate was 350 billion attempts per second; enough to crack most Bitcoin wallets in days if used today.

Devices and apps like these mean you need a strong password to offer any resistance to hackers. It’s best to use a randomizer app, rather than trust your imagination — and we also recommend using non-standard characters that aren’t found on regular keyboards (e.g. Ø).

Tip #2 is to…
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2 . Activate Two-Factor Authentication

Two-factor authentication gives your wallet another layer of security. It’s arguably the surest way for casual (and advanced) users to protect their wallet. You can learn how it works here — and once you do, make sure to activate the feature whenever possible.
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3 . Protect Your Inbox and Phone Number
Last year, Coinbase user Cody Brown lost $8,000 in tokens. This was through no fault of his own; Verizon let hackers “take over” his number after they provided his billing information.

To avoid situations like these, make sure to protect your e-mail and inbox — for example, by asking your mobile operator for added security measures. And, wherever possible…

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Note: This document with all the information in it is shared here to boost our knowledge of cryptocurrency , the original document can be found in Document Source

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