Crypto assets are a product of the advancement in technology. Nonetheless, it is also at the risk of being ransacked by criminals. Therefore, it is crucial that you protect your investment from hackers. Don’t say it cannot happen to you. Guess what? The last person whose wallet was hacked said the same thing. This write-up offers some tips that can help you secure your investment.
You can keep your crypto wallet away from hackers by leveraging the following tips:
You can reduce the chances of becoming a target to hackers when you are not fond of telling all who care to know that you are rich in cryptocurrencies. When you are known as a crypto holder, your chances of being targeted for phishing attacks are high. Criminals often need the personal information of the intended target, such as a photo, to succeed in their devilish plans.
You need to assume that every device can be hacked to avoid falling victim to unscrupulous individuals. So, it is safer to keep your mnemonic only on paper. Note that your screen and keyboard can be cloned. When that happens, the hacker will have access to your wallet through your mnemonic. No hacker can have access to paper copies. Therefore, they are your best bet.
Hot storage wallets such as Metamask make life easier when using DeFi platforms and Dapps. However, they have been hacked successfully in recent times. Therefore, you should limit the amount of cryptocurrencies you store there. Rather, have more assets in cold wallets such as Trezor and Ledger. This approach minimizes risk. Note that you can operate hot wallets alongside cold ones. Combining the two enables you to enjoy their best features.
One of the biggest threats to investment in cryptocurrencies is the activity of hackers. However, you can protect your investment by taking advantage of the tips in this post.
