Guide to Keep Your Cryptocurrencies safe
By evonax.com
Introduction
●
●
●
Today Cryptocurrency is the most popular for the investment. Investors and miners are being attracted.The main reason for cryptocurrencies' attraction is its own security plus the Blockchain protect all the data transfer and all account details. Some of the “So-called” security experts say that some of the wallets offer security. This is apparently the myth. There is only one way left to secure your cryptocurrency is to make it time-consuming for the attacker. If your security is good enough to stop the attacker and take more time of attacker, they may attack the easy target, not you.
Introduction
There are 2 types of wallets 1. 2.
Cold Storage Wallet Hot Storage Wallet
â—?
The cold storage wallet is offline storage so there’s less chance of attack whereas the hot storage is connected online 24/7 and always suffer from the attack. You can also keep your wallet safe by following these steps.
Create Secure Network for Your Device:
●
●
●
It is not secure that the device in which you store your cryptocurrency is connected in general network. Experts have advised that you must create the secure network for the device where you store all the cryptos. So that the wallet can perform any transaction without any threat. Note that do not connect the device that you use to store crypto should not connect with the public WiFI.
Secure Your Device:
●
● ●
Have firewall and will-efficient anti-virus on your device on which you store your crypto coins. Computers are never safe, you are probably knowing this. The firewall and other security measures will take care of security vulnerability of your device regardless of the platform or brand.
Use robust wallet and passwords for those wallets:
●
●
●
Cryptocurrencies provide so many wallets. Some of the wallets store only one defined crypto coin whereas others stores more than one cryptocurrency. You should choose the wallet which is more robust, upgraded with the current technology and protect your wallet. The password which you use should be tricky so that no one else can open your wallet without your permission.
Use third-party crypto security entities :
●
●
●
●
You can also secure your cryptocurrency and its interests in third-party crypto security entities. LedgerhHQ and Trezor are the leading security companies of crypto wallet provide a great deal of security. Your wallet will be more secure against attacks with the help of the extra layer of security. This software can ensure that your cryptocurrencies remain safe and secure at all times.
Conclusion:
●
●
●
The crypto coins that you may have mined or gained from online cryptocurrency exchanges are valuable. You can Exchange your cryptocurrency online with Evonax very safely and securely. The wallet owner should remain vigilant and should not trust unreliable online entities. Securing your wallet doesn’t only mean to use a robust wallet but also to secure the device on which the wallet works on.