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How to Keep Bitcoin Safe & Secure

USI TECH

It seems like every few months we hear what’s basically the same story about someone who bought a bunch of bitcoin but lost access to it once the cryptocurrency became really valuable. Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.

Types of Wallet :

  • Desktop wallets
  • Mobile wallets
  • Online wallets
  • Hardware wallets
  • Ledger USB wallet
  • Paper wallets

You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank. Accordingly, you might want to use other types of Bitcoin wallets. Otherwise, you should choose such services very carefully. Additionally, using two-factor authentication is recommended.

Backup your wallet

  • Encrypt online backups
  • Never forget your password
  • Use a strong password
  • Offline wallet for savings

The private keys stored in your wallet are the only way to access the transaction data stored in a bitcoin address. If you lose them, you lose your bitcoins. So, they are only safe in so far as no one else can access them, and they don’t get lost. Store in our own computer but online is always come to risky again. But we can store safe with the strong password and two factor code.

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