1. Choose hardware wallets
A safe solution is to store your coin on something called a hardware wallet.📟📟
There are various hardware wallet like Trezor and Ledger which offers various models of USB-like devices which come with pre-installed security layers and encryption features. They don’t connect to the internet so cyber criminals will have a hard time trying to access your private key.
2. Keep your private key offline 🗝⚠️
You can protect your wallet by taking your private key off the grid and keeping it in the ‘real world’. Simply writing down your private key on a piece of paper will work, rather than saving it on any electronic devices. Make sure you keep it in a dry place, protected from heat and direct sunlight, to avoid deterioration.
3. Use two-factor authentication for online wallets 📨✉
Most online wallets have two-factor authentication, and you should always use it. It’s a simple but effective security measure.
4. Back up your digital wallet 💽📟📀
A backup will allow you to access your wallet in case you lose your device or your device fails. Choose either a different or a safe location for your backup. In case your device is stolen, you can restore access to your wallet with the backup file. As a precautionary measure, you can move the funds to another wallet.
5. Do not access unknown or suspicious links ☣⚠️🚫📵
Be careful with your online activity and always check the link of the site you’re on if something feels strange. Internet scammers can clone entire websites and use almost identical URL addresses to the authentic ones. If you use an online wallet or a similar service where you are required to enter the private key, make sure to verify that the website address is the authentic one.
You should also look out for Bitcoin scam emails. These are growing in popularity and often ask you to visit a specific website or enter your details.
6.Keep a separate wallet for day-to-day transactions 💰💼📁📂
If you need to make small daily transactions, a good practice is to create a separate wallet that you can top up when necessary. There is no limit to how many Bitcoin addresses or wallets you can create.
Make sure you Sort your transactions and keep the most important ones separate these will improve the safety of your whole portfolio.
7. Always use a secure internet connection📡🔒
Most public networks are vulnerable and have security flaws. If you have a Bitcoin wallet on your laptop, try using your phone’s hotspot instead and avoid connecting to public networks at all costs when accessing your wallet.
The best thing is to use only home or well-known networks, where you are certain connections are not being easily exposed to security flaws.
8.Use a strong password for your online wallet
If you use an online wallet, be careful when choosing your password. Avoid using phone numbers, birth dates, names, or favourite movies. Instead, go for an alphanumeric combination that only makes sense to you.
Note 👌Statistics show that 52% of people reuse the same password across different services. Make sure that your password for you wallet is unique.
9. Always check 🤳the Bitcoin address When making transactions, you should always pay close attention to the recipient’s address. There are malware programs that can 'interven' when you copy and paste a Bitcoin address and change the pasted output to another address. If you are not careful, you will end up sending your Bitcoins to someone else.
10. Keep your private key🔐 offline
You can protect your wallet by taking your private key off the grid and keeping it in the ‘real world’. Simply writing down your private key on a piece of paper will work, rather than saving it on any electronic devices. Make sure you keep it in a dry place, protected from heat and direct sunlight, to avoid deterioration.
Thanks for your useful advice!