A few simple actions and approaches can help keep your cryptocurrency safe.
– Most importantly, the account we use must have a unique password, and not be easily guessed.
– Do not equate account passwords associated with Bitcoin, Ethereum, etc… with other accounts such as social media, because it is vulnerable to hacking.
– Use two-factor or 2FD authentication. Additional security layers are easy to apply. Quite a few apps like Google Authenticator as a 2FD installation provider. In essence, it works as a second security layer after the password. When you’ve entered a keyword into your account, the system will request a two-factor authentication code. The six-digit code does not need to be memorized because it changes every 30 seconds. Yes, it takes a few extra moments to log in, but the additional security is worth every single second.