Fraud is on the rise, along with the increase in adoption and expansion of digital currencies.
Therefore, one of the most important advice that must be taken is to avoid the loss and theft of digital currencies.
Here are five important tips to prevent fraudsters from stealing your digital currencies, starting with:
1- Maintaining the secrecy of your digital currencies:
Anonymity and what you own are the best thing you can do to avoid scenarios that are often superfluous.
Whereas, when you keep your digital currency a secret and keep the matter a secret between you and yourself, you are thus less likely to be targeted by hackers who specialize in stealing cryptocurrencies.
Being a known cryptocurrency owner increases your chances of being targeted by phishing attacks.
Phishing is somewhat easy if you know the target, collect personal information about it, and target it with correspondence and amalgamated files, all of which aim to steal and drain your digital currencies.
So the first advice is to keep the secrecy of your digital currency or where it is stored.
2- Keep your private keys on paper:
You must bear in mind that any digital device connected to the Internet, no matter how fortified it is, is vulnerable to hacking, so you never keep the keys of your digital currencies in an electronic device connected to the Internet.
It is better to keep the private keys in a protected paper in a place away from moisture, heat and various climatic factors, or keep these private keys in a device that is not connected to the Internet.
It is also better to keep the private keys on the paper to divide the paper into two or more parts and keep them at a group of different people or places.
3. Store the bulk of your digital currencies in a cold wallet:
Hot storage wallets make transactions easier especially when using decentralized apps and decentralized finance.
But it has been reported that wallets such as "Metamask" that use passwords as a single layer of security, have seen many successful attacks recently, so it is best to keep limited amounts in hot wallets and store the bulk of the cryptocurrency in a cold wallet such as "Ledger" or " Trezor ”.
As the cold devices' wallets reduce the risk of penetration as they are not connected to the Internet, in addition to having several layers of security.
4. Activate the 2FA (two-factor authentication) option:
Two-factor authentication (2FA) greatly increases digital security by making hackers confused about how they would obtain the code that you received on your phone or any other device.
For your information, short messages are the least efficient, as the sim card can also be hacked, thus obtaining incoming messages.
So there are many better and safer options out there, such as Google's two-factor authentication services and Microsoft's two-factor authentication.
We have already covered in some detail how to activate two-factor authentication.
5. Monitor and scan your devices for signs of a hack:
Hack methods have evolved significantly, so your device may be hacked without you seeing any changes, but despite this there are indications and signs that hack operations such as random downloads and without your desire, repeated restart and mouse movement in themselves may be a clear sign of the computer's exposure. To hack process.
If any of these signs and signals or other signs occur, you can scan your device with a powerful anti-virus or completely reformat the device.
Here again, the need to keep the private keys in a cold wallet appears, which we discussed in the third advice.