There is an article that will teach you how to get cryptocurrency security so your efforts into digital currency can have a happy ending.
Remember when you first read about Bitcoin and heard the term “cryptocurrency”? You probably skipped past it. Or maybe you thought about buying a Bitcoin but you got a games console instead.
Although, the years passed and cryptocurrency is staying here. A movement spearheaded by bitcoin and its turbulent history. This name now almost synonymous with blockchain technology.
Created in 2008 by the mysterious Satoshi Nakamoto, bitcoin is essentially digital currency. It also cemented the “blockchain” concept in popular consciousness.
This means it’s tracked by all those who own this money in a public ledger, promising unparalleled accountability and transparency. It appeals not just to anarchists, but to people like you and me. Its peer-to-peer concept defies central banks, corporations and, ideally manipulation, but it’s not invulnerable, something which we’ll explore further on.
Perhaps every cryptocurrency adopter, you and I included, has a very simple reason to buy the digital coins. We all just want more money, because… capitalism.
But malicious hackers want more money, too.
Virtual currencies are a favorite object for hackers because they hold value and have relatively weak security.
Furthermore, they’re unregulated.
There is no higher authority to regulate the coin, so there is no higher authority to reverse fraudulent transactions. If you live in a country without any policies regarding cryptocurrency, where are you going to report a theft?
In one example of a bitcoin hack, bitcoin wallets got compromised by intercepting text messages.
Here is a little instruction for you to secure from hackers.
Learn all about password security and make sure yours are uncrackable by using a comprehensive guide.
For chat, use a chat app like Signal and an open-source or peer-verified tool that offers end-to-end encryption like OTR Messaging. Don’t rely on tools like Google’s “Go off the record”.
Access the internet using a secure web browser like Tor.
If you can’t use Tor, choose an extension like HTTPS Everywhere from the Electronic Frontier Foundation and follow this guide to ensure browser security for all major browsers.
Always use VPN when connecting to other networks, for example, shops or cafes.
Keep the most sensitive data on a separate, encrypted hard drive or on an encrypted flash drive.
For the flash drive, you can use BitLocker for Windows. If you want an open source solution, VeraCrypt is the way to go.
For maximum security, use an air-gapped computer. This is a computer or a laptop never connected to the internet, where you can keep and work on your most sensitive data. Then encrypt that data, put it on a secure flash drive, then use it on your computer connected PC.
If you’re part of a political or revolutionary movement who needs to use social media to spread awareness about the cause, another tactic to hide your presence is obfuscation.
And remember that cryptocurrency security should start with basic cybersecurity.