A cryptocurrency exchange called Liquid was hacked in August 2021. As a result, a cryptocurrency worth over $97 million was lost. In January 2022, more than $30 million in Bitcoin and Ethereum were stolen with a Crypto.com exchanger.
With all these attacks on crypto investors, you may be wondering how you can enhance your digital anonymity and protect your Bitcoin from hacking. Is it worth storing cryptocurrency on the stock exchange? What about using a hardware wallet? Is it worth saving a screenshot of your password in case you forget it?
Crypto networks are vulnerable to hacking, so every user of them should try to keep his or her cryptocurrency safe and follow the rules of so-called digital hygiene. We would like to offer you this unique https://yomix.io mixer with instant mixing and the smallest commission in the market. This innovative technology will give anonymity to every user.
Use application for authentication
If you are using a two-factor authentication (2FA) application, your exchange account can be even more secure. Applications do not use authentication tools such as text SMS to send codes for money withdrawals. The result of this process is that the attacker will still not be able to get your code, even if he embezzled your phone service or uses your messages.
Even if 2FA is enabled in your account, the attacker can bypass the protection of the exchanger you use. In this case, you have the risk of losing your cryptocurrency. If the fraudsters hack this exchanger, then you will definitely be blocked from withdrawal.
Use a hard password to protect your Bitcoins
If your device is infected with malware, an attacker may use a password recovery tool in Hashcat or other hack software to guess thousands of random characters until your storage is successfully decrypted.
There is a question if they can do it cheaply and fast. It depends on the complexity of your password. The longer the password, the harder it is to crack it. If the password has both capital or lowercase letters, numbers and special characters, then breaking the password will be much more difficult.
If you create a password that will take you several years to crack and rare computing power. However, in this case, the intruders will never be able to crack it.
Use your hardware wallet to the maximum
One of the best ways to protect your Bitcoins is to use a hardware wallet, a USB device, on which you will be able to keep your keys stored. It was designed so that the original words could not be moved from the device in unencrypted form.
The hardware wallet has no Internet connection, so attackers would be extremely difficult to infect your wallet with malicious software.
You should remember that sometimes, intruders sell used hardware wallets on such platforms as eBay or Amazon. Often, they change to allow the attacker to get the original words, so it would be safer for you to buy the device directly from the manufacturer.
Every time you make a transaction with a hardware wallet, you need to connect it to a computer or mobile device via USB or Bluetooth. Hardware wallets have PIN codes too so it will be difficult for an attacker to get your Bitcoin if your wallet is physically stolen anyway.
If you keep your hardware wallet at home, installing a good home security system will help protect it from theft.