Uploaded on Oct 16, 2020
If you are keen on developing a Bitcoin portfolio, one of the key things you need to note is to get a Bitcoin wallet. You may have several choices, but you do need to know how to keep a stable Bitcoin wallet when it comes to using a Bitcoin wallet.
Top 10 Tricks to keep your Bitcoin wallet safe
Copyright © Blockchain Council www.blockchain-council.org 1 Top 10 Tricks To Keep Your Bitcoin Wallet Safe Are you keen on creating Bitcoin portfolio, then one of the key things that you need to consider is having a Bitcoin wallet. You may find many options, but when it comes to using a Bitcoin wallet, then you must also know how to keep Bitcoin wallet safe. Copyright © Blockchain Council www.blockchain-council.org 2 10 tips and tricks to keep your Bitcoin wallet safe: 1. Prefer hardware wallet- There are different types of wallets available, but when it comes to choosing the safest one, then you must consider hardware wallet. It is perfect for those who have concerns regarding cyber threats. Companies like Trezor and ledger offer USB-like decides which comes equipped with encryption features that can only be accessed with the private key. . Copyright © Blockchain Council www.blockchain-council.org 3 2. Keep the private key offline- Another way to keep your Bitcoin wallet protected is by keeping the private key offline, i.e. you can pen down the key on the paper, and keep it in a safe place. Copyright © Blockchain Council www.blockchain-council.org 4 3. Keep a check on the internet- Another impact aspect that you must not ignore is that you must have a safe internet connection. If you have a Bitcoin wallet on your laptop, then you must connect your laptop with the public network. 4. Switch to advanced antivirus system- One of the key aspect you must not undermine is the antivirus software of your system. Windows are prone to wider malware and other malicious programs. So, if you are using a Windows operating system, then you must consider installing an advanced antivirus system. Copyright © Blockchain Council www.blockchain-council.org 5 5. Neve click on the suspicious link- Beware of your malicious internet activity. You may sometime encounter fishy links; these are malware that can hack into your system and corrupt all the information. Make sure that you sue identical URL address and if you are using online wallet where you are required to enter private key, then make sure that you check the URL and verify that it is safe. 6. Never share private key- Irrespective of the trust level, you must never share the private key to third-party. Ignore sharing private key is a strict no. Copyright © Blockchain Council www.blockchain-council.org 6 7. Make use of strong password- Another key aspect that you need to take into account is that the passwords that you use for the private key are strong. It must be a mix of numbers and alphabets, make use of case-sensitive letters along with special characters to keep it strong and unique. 8. Never share the private key- Irrespective of the trust level, you must never share the private key with anyone. 9. Use two-factor authentication- One of the easiest ways to keep the wallet safe is by using two-factor authentication. It nullifies any type of threat. Copyright © Blockchain Council www.blockchain-council.org 7 10. Backup of digital wallet- Having a backup of digital wallet can keep your asset safe. In case you lose the wallet, or your device fails to perform, then you can use this digital wallet backup. Make sure that you keep the backup at a safe place, and you can easily restore it. Conclusion- With these basic tips, you can ensure the safety of your cryptocurrency wallet. For more such interesting news, connect with Blockchain Council today. Copyright © Blockchain Council www.blockchain-council.org 8 Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. ● Certified Blockchain Expert ● Certified Blockchain Developer ● Certified Smart Contract Developer ● Certified Solidity Developer ● Certified Ethereum Developer Copyright © Blockchain Council www.blockchain-council.org 9 THANK YOU! Any questions? You can mail us at [email protected] Copyright © Blockchain Council www.blockchain-council.org 10
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