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Nickel Bitcoiner
Nickel Bitcoiner
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Joined: Fri Mar 08, 2019 4:23 pm
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The Quick and Easy Cryptocurrency Security Guide: General security best practices (Part 2)

Sat Apr 20, 2019 3:33 am

Today we would be discussing some general security principles to help you protect your crypto.

1. Security is your responsibility.
Being your own bank makes you solely responsible for protecting your crypto.

2. Stay updated with the latest developments and scams.
Using Google Alerts to notify you is a great way to keep tracks of scams.

3. Never reveal ownership of crypto.
This makes unnecessarily you a target. The best answer to the question of “do you own Bitcoin?” is a “what is that?”.

4. Never share your seeds or private keys.
This would be equivalent to handing out your passwords.

5. Search for ratings of services prior to signing up.
A quick Google search on the service name + “scam” or “reviews” would help.

6. A healthy dose of common sense helps.
No one is giving away free crypto online. Not even guys who are loaded like Elon Musk. High yielding investment products are all scams.

7. Don’t trust, always verify.
When presented with information, always consider the possibility it could be fake. The best example is that of phishing emails.

8. Secure your computer and devices.
Get anti-virus, anti-malware, and firewall. Also, use strong passwords.

9. Be aware of surveillance.
Someone maybe shoulder-surfing to obtain your information.

10. Use 2FA wherever possible.
Not to be dramatic but 2FA saves lives!

Want to know more about protecting your crypto? View the full article by clicking here. Contains easy to follow steps on protecting your crypto, explains each point above in greater detail and provides additional tips.

In the next part of this series, we would discuss cryptocurrency wallets (click here).

Have other security tips to suggest? Did we miss something? Leave them in the comments below and we will update the list.

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