Just like you keep your physical wallet safe, you protect your cryptocurrency wallet. If your wallet isn’t secure enough, hackers could steal your coins. Luckily, there are a multitude of ways to secure your wallet. Take your time to go over the following tips:
Never store your backup details digitally Write down the following details of your wallet provider on a piece of paper: login name, password, recovery seed. Store this safely. Don’t take a picture with your phone. A mobile device has a constant connection to the internet. This makes it easier for hackers to access your wallet.
When possible, choose Two Factor Authentication (2-FA) This may sound complicated, but 2-FA simply means you log in with several devices. Why is this useful? With 2-FA hackers can’t access your wallet with just your password. In order to access your wallet, a code is also required. This code could be sent to you by SMS or through an app such as Google Authenticator. We recommend to enable both options for maximum security.
SMS When you’ve enabled 2-FA through SMS you will receive an SMS with a unique code on your phone every time you log in. To enable 2-FA through SMS you’ll have to enter your phone number in the safety settings of your wallet. This means you’ll need both your phone and your password to access your wallet.
Google Authenticator You can find the Google Authenticator app in the App Store (iOS) or Google Play Store (Android). To connect the app to your wallet you’ll need to scan a QR code in your wallet. You can find the code in the safety settings. Make sure to backup the QR code by printing it in case you lose your phone. Once the app is connected to your wallet it generates a new six digit code every thirty seconds. To access your wallet you’ll need to enter the code.
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