How to Protect your Bitcoins from Getting Hacked and Stolen

How to Protect your Bitcoins from Getting Hacked and Stolen

Protecting your Bitcoins is very important and a task that can be very simple to take steps. Especially since Bitcoin hackers make the most of the currency that was made since the coin was made, but as like any method, its security can fade.

We are not seeking Bitcoin, quite the opposite, we investigate the individual factor. There is a huge number of bitcoin money that has been taken. And it is because of not following the smallest good security practices. The amount is nearly $ 1 billion. So you should prevent and protect your bitcoins in the best possible way.

In fact, for a long time, many of the people following this cryptocurrency. And there are many reasons from the history that few of the blows have occurred with Bitcoin. But all the common problems that happened are due to human failures in large collection points of bitcoins.

The big robberies in the bitcoin world

It is important to maintain that until today there has been no way to violate Bitcoin-based cryptographic protection. In fact, the security of Bitcoin is superior to that used by financial systems around the world. Yes! Bitcoin is so secure (cryptographically speaking). Before finding the bug in Bitcoin, the cryptography currently used on all the basic pillars of humanity will fail. We talked about a ruling that would affect banks, aviation, telephony, international security. Absolutely everything would go down, due to the failure in cryptographic principles. Up to this point, the development of this technology has arrived to protect your bitcoins against any catastrophe.

How to protect your bitcoins?

The best way to protect your bitcoins is to be proactive. Not only by having your stores in the wallets and accounts of the market houses you run the risk of losing them.

At present, everything on the system is responsive to existing hacked no matter how well protected you believe it is.

But, if you understand these directions, it will be very difficult for everyone who plans to steal you.

1. Maintain your personal keys

This opinion is very essential, but sometimes we ignore it. In fact, it is the best way to protect your bitcoins.

You must be extremely careful (and originally distrust ) of online services where to store bitcoins, whatever they are: wallets, trade houses, bets ...

Examine the service and its reliability very strongly before transferring a single satoshi or putting someone to give them there.

2. Manage your software updated

Another way to protect your bitcoins is to use software such as a wallet and updated Bitcoin clients. This regardless of whether you do it through your smartphone or computer.

With this software, you can save your private keys and engage with them to make translations of your coins. But before that, confirm all your system of mobile phone or computer has is updated and free of any sort of malware.

Do you use a cryptocurrency wallet? Your OS (operating system) may be outdated or infected. The browser you are using may have a malicious extension that you do not even know.if you want to develop your own cryptocurrency wallet development contact with us.

Do you use an installable program? The wallet may be outdated, maybe you downloaded an endangered program or update. Or, inside your computer or phone, you can have another corrupt application. Or one that is updated automatically and infected in the future to copy your private keys.

3. Encrypt your private keys

At present, any wallet program deserving its build will automatically create your own private keys. Not everyone understands good works in designing these private keys, preventing them from being simple to replicate, but most well known.

What is essential to know is that once formed, they are saved on your device in plain text, in an internal file or database.

Cryptocurrency wallets that combine good works to stop this have the possibility of encrypting the file where you store your keys.

4. Use Two-factor authentication

Are you a person who likes risk and have deposited your bitcoins in a web service?

In this case, we recommend that you use at least a two-factor authentication system.

The two authentication factor is a process that serves to verify your identity when accessing a web service. It is a very smart way to protect your bitcoins and any sensitive information.

It seems incredible, but it hardly matters that you use very long or complex passwords today. 99% of passwords are stolen through phishing processes with malware or snorting the network, not by brute force.

With the second security factor it would be avoided that, if someone receives your password, they can access your account. But they need a second unique password provided at that same time in an alternative way.

5. Make backup copies

If you use a Bitcoin wallet that is not treated in an online service, it is helpful that you make different backup copies stored in different places.

Once you have made these copies, encrypt them with other services to make them virtually incorruptible.

You can save the copies in cloud storage services, pen drives, SD cards, etc.

Do you use an HD Bitcoin wallet? You only need to make a backup of the sources (you can do it at any time). Once this is done, you forget about any other backup.

Do you use a wallet that is NOT HD? You should make a backup for almost every transaction you make. If you don't know what an HD wallet is, we recommend you go back to know the word. So that you may decide to switch to one of these types.

Conclusion

Bitcoin technology is secure in itself and the main online purses have improved a lot of security. But you will never be 100% safe from the bad arts of hackers, thieves, and friends of others in general.

And it is that money, today, is not protected with weapons and security cameras. It is protected with mathematics.

As usual, common sense is also a good advisor when it comes to protecting your bitcoins.

Of course, the level of the complex should always be compatible with the amount of money to handle. And this will depend on each one. Remember that in Bitcoin your bank is you, you take care of your security and you can set your own protocols.

We hope these 5 recommendations will help you to secure your Bitcoin. And you can grow your storage with the highest protection that no one can make any manipulation without your knowing.

know in Explore: Bitcoin MLM Software

visit : cryptodevelopers.net