You've already lost all your crypto...
Due to silly mistakes, users lose $18 million every day!
I spent months understanding crypto security.
If I knew this before, I wouldn't have lost $100K.
âč As the market grows, there are more and more instances of hacks and user fund losses.
âč One of the latest HIGH-PROFILE events was the hacking of an OKX account belonging to a crypto enthusiast.
âč The amount of funds lost was around $11M in just 25 minutes.
âč To avoid becoming a victim of such events, you simply need to not neglect security.
âč Even basic security methods will show significant results.
âč I want to share with you 7 tips that can protect you from losing funds and various hacks:
âą 2FA
âč The most basic and effective way to protect any account is two-factor authentication.
âč Always set up 2FA through Google Authenticator since SMS to phones have several vulnerabilities.
âč It was precisely for this reason that the account mentioned above was hacked.
âą Preventing Drain Contracts
âč A common cause of fund loss is signing scam transactions that drain their wallets.
âč A good solution for protection is the extension
âč It emulates the transaction and shows you the result - if something is sent from your wallet, that's a red flag.
âą Disable Synchronization
âč Your files can automatically sync to the cloud without you even knowing.
âč Check the synchronization settings for iCloud and OneDrive, and if something important was synchronized, delete those files from the cloud.
âč This way, your files cannot be accessed through a simple cloud hack.
âą Storing Seed Phrases/Private Keys
âč A common mistake is storing such important data in the cloud or accessible files on the computer.
âč After the first hack or leak, you will lose all your savings.
âč Ideally, store such files on encrypted flash drives.
âą VeraCrypt
âč An application that allows you to perform various encryption options:
âą Create a container by encrypting a specific area on the disk.
âą Encrypt the entire system.
âą Encrypt an external drive/flash drive.
âč If you do not want to store files with seed phrases on a flash drive, at least create a container and put all the files in it.
âč Ideally, you should encrypt the flash drive and transfer the files to the flash drive while your computer is offline.
âč No one can access your files without entering the password.
âč Therefore, I recommend creating passwords of 20+ characters, including uppercase/lowercase letters, numbers, and symbols.
âą Wallet Passwords
âč Few people create strong passwords for their wallets in extensions.
âč This is wrong because if someone gains access to your PC via remote access, your wallets will be drained by simply guessing the password.
âč Create passwords based on the principle from the previous tip.
âą Antivirus
âč A very basic method of additional protection that almost everyone neglects.
âč It's not a panacea, but it will make your device more secure.
âč Do not skimp on purchasing a licensed antivirus, as crypto does not forgive mistakes.
á That's all for today
âč Need more articles like this? Please follow me@BitEagle News