Ways To Secure Your Crypto Currency From being stolen

They have been fraudulent activities going on since the introduction of crypto Currencies which have left a lot of crypto owners in tears and pain.

As of June 2020, crypto criminals had already stolen $1.4 billion worth of crypto assets. I believe nobody would want to fall for this scams and hacks and that's the more reason we need to secure our crypto Currencies from being stolen.

Within this article, I'll be listing several tips on which you can employ to secure your crypto Currencies from being stolen.

How to secure your crypto Currencies from being stolen

You can employ any of the following tips below to secure your crypto Currencies from being stolen.

• Use Stronger Passwords

Majority of the crypto theft cases recorded has been due to easy access to a users password. While creating a password to your wallets, avoid passwords like 111111, 22222 or passwords with your name on the context because they are easily guessed.

Stronger Passwords should include upper and lower case letters, characters and Numbers.

• Two Factor Authentication

Recently due to this theft issues, programmers have included the two Factor Authentication to most of the wallet apps, blockchains and lots of others in other to increase the security level to your funds.

The two Factor Authentication a process in which a user provides two different authentication factors for their identity verification. This sends an OTP each time and access is being created to your account.

This way, external persons would find it difficult to access your accounts since they would be asked to provide two different authentication factors for their identity verification.

• Protect Your Seed Phrases/ Private Keys

Most wallets offer what is called a Seed Phrase, this is to enable a user access his/her wallet even from another system. This phrase could be stolen by an unknown user thereby making your account vulnerable to hacks and theft.

Also, in the crypto world, users are given both the public and the private keys, You send the public key to other users when they want to send or deposit to your account. However, a private key is a form of crypto digital signature that you will use to approve transactions to and out of your wallet.

• Avoid Sharing Of Public Internet For Crypto Transactions

There's a greater possibility for all public internet to be hacked, hackers can quickly get into a phone connected to the same network present themselves as the middle man and divert every transaction through the server.

Therefore, if you must access your wallets, perform any transaction, avoid public internets.