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Start the New Year off right: essential tips for keeping your crypto safe in 2023

Jan 4, 2023

           Beginning the year with a focus on positive goals, including the security of your cryptocurrency, is a great way to start off on the right foot. Whether you're a seasoned crypto investor or new to the world of digital assets, it's important to be aware of the risks and take steps to protect your coins. Here are some tips to help you keep your crypto safe in 2023:

Use a hardware wallet

          Hardware wallets are specialized devices that securely store your cryptocurrency offline, making it much harder for hackers to access your coins. This is because they would need to physically steal the device in order to get to your crypto. Hardware wallets are generally considered more secure than software wallets, which can be vulnerable to malware and other cyber attacks.

Enable two-factor authentication (2FA)

          Two-factor authentication (2FA) adds an additional layer of protection to your accounts by requiring you to enter a temporary code in addition to your password when logging in. This helps to ensure that only you have access to your accounts. The code is usually sent to your phone or generated by a security app. Implementing 2FA can help protect your accounts from unauthorized access, even if someone else obtains your password.

Use strong and unique passwords

          Strong passwords can help protect your accounts and personal information from unauthorized access. It's also a good idea to use different passwords for each of your accounts, as this can further enhance the security of your online presence. This can help prevent hackers from guessing your password and gaining access to your coins. A strong password should be at least 12 characters long and include a combination of upper and lower case letters, numbers, and special characters.

Keep your software up to date

          Keeping your software up to date, including your operating system and any security software you may be using, is another important step you can take to improve your security. Updating your software with the latest security patches and updates can help fix vulnerabilities that could be exploited by hackers.

Be aware of potential phishing attacks

          Phishing attacks are a common way that hackers try to trick people into giving away their login credentials or personal information. Be cautious when clicking on links or entering your login information, and always double-check the URL of a website before entering any sensitive information.

Use a secure internet connection

          When accessing your cryptocurrency accounts, it's important to use a secure internet connection to reduce the risk of your information being intercepted. Avoid using public Wi-Fi networks when possible, and consider using a virtual private network (VPN) to encrypt your internet connection.

Diversify your investments

          By spreading your investments across multiple cryptocurrencies, you can diversify your portfolio. This way, if one coin experiences a security breach or value drop, it won't have as much of an impact on your overall portfolio.

Use cold storage

          Cold storage refers to keeping your cryptocurrency offline, either on a hardware wallet or on a piece of paper (also known as a paper wallet). This is a very secure way to store your crypto, as it is not connected to the internet and cannot be hacked. However, it's important to make sure you keep your cold storage in a safe place, as if it is lost or stolen, you will also lose access to your crypto.

By following these steps, you can help ensure the security of your cryptocurrency and start the year off on a positive note.

Isaac Vitales