As the world becomes increasingly more digital, taking care of your data and personal information is more critical than ever. Cryptocurrency brings us many great benefits to secure our financial assets, but it comes with more responsibility than we’re used to. We highly recommend, whether you’re new to crypto or consider yourself an experienced pro, to check out the security content on this page powered by CoinDesk.
Because crypto enables access to powerful financial tools from the palm of your hand, it has become a target for hackers, cyber criminals, and scammers. The Bitcoin network is one of the most secure protocols on the planet, so when you read a story of bitcoin being stolen or hacked, it’s important to realize these incidents occur from third-party exchanges and wallets operating alongside the bitcoin network. They are not security flaws within the Bitcoin network itself.
How do you find reputable exchanges and wallets to use? You’ve got to do some research and find trusted, regulated platforms. Create strong passwords and save them offline. Enable two-factor authentication when possible. Don’t share information with strangers online, and always be on the lookout for scams, phishing emails, crypto giveaways, and fraudsters trying to separate you from your crypto. Above all, never share your private keys with anyone else. The good news is, today there are many different ways to safely secure your digital assets depending on your needs and appetite. It’s just a matter of finding what solution is best for you.