A cryptocurrency exchange called Liquid was hacked in August 2021, and 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 to 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 saving a screenshot of your password in case you forget it?
Crypto networks are vulnerable to hacking, so every user should keep their cryptocurrency safe and follow the rules of so-called digital hygiene. We want to offer you this unique https://yomix.io mixer with instant mixing and a little commission. This innovative technology will give anonymity to every user.
Use application for authentication
Using a two-factor authentication (2FA) application can make your exchange account 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 embezzles 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, you will be blocked from withdrawal.
Use a complex 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 decrypted. They may need help to do it cheaply and fast. It depends on the complexity of your password.
The longer the password, the more difficult 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. Suppose you create a password that will take several years to crack and rare computing power. However, in this case, the intruders will never be able to break it.
Use your hardware wallet to the maximum
One of the best habits 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 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.
It would help if you remembered that intruders sometimes sell used hardware wallets on platforms like 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 transact with a hardware wallet, you must connect it to a computer or mobile device via USB or Bluetooth.
Hardware wallets also have PIN codes, so an attacker will find it challenging to get your Bitcoin if your purse is physically stolen. If you keep your hardware wallet at home, installing a sound home security system will help protect it from theft.