8 Bitcoin Wallet Security Tips to keep your Funds from Unauthorised Access | Bitcoin Wallet

8 Bitcoin Wallet Security Tips to keep your Funds from Unauthorised Access | Bitcoin Wallet

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Bitcoin Wallet – Securing your bitcoin wallet from authorized access from others should be a top priority to stay protected. All bitcoin operators have a variety of safeguards in place, but you also need to take personal security measures seriously.


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8 Bitcoin Wallet Security Tips to keep your Funds from Unauthorised Access | Bitcoin Wallet

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Bitcoin Wallet

Some of the security tips to make sure that your bitcoin wallet is secured are:

1) Use strong passwords

Considering the value of bitcoin worldwide it’s advised to use strong passwords, not easy to guess passwords. Combining characters with numbers, using lower and upper case, special signs like question mark and others make a strong password. While bitcoin operators have safety measure in place you must also take steps in shielding yourself from any outside attacks.

What’s considered a strong password? According to blochain, a strong password is one that contains letters, numbers, symbols, and must be at least 16 characters long. Sometimes that can be hard to remember, so consider using a passphrase that’s unique and personal.

Example of easy to guess password: SmithGold (when your name is Smith Gold)

Example of strong password: Sm?!it#4ToGo5lD

Consider using strong password for your bitcoin wallet.

2) Make sure the email linked to your bitcoin wallet is secured

Closely related to your bitcoin wallet password is the email linked to your account. Make sure that your verified email address is secured because through your email an intruder could request for password reset link. If your verified email isn’t secured, it can pose an additional security risk to your wallet. Just as you use strong password in your wallet account make sure you also use strong password in your email.

If you feel that your password has been compromised contact the support centre, to reset it right away.

See Also: How To Open A Bitcoin Wallet From Your Phone In 6 Easy Steps

3) Don’t automatically store your password on your phone

Automatically storing your password on our smartphone or device would make it easier for you to gain access to your bitcoin wallet anywhere without having to crack your brain. It safes you the stress of having to type your password every time you want to carry out transaction on your dashboard.

The disadvantage of this is when your device is lost or stolen. That put your wallet at risk of unauthorized access by a third party.

Solution: In a situation whereby you find yourself in this kind of situation, please make sure you contact the support centre of your operator right away to temporarily block your account till you are able to reset your wallet password.

4) Beef Up your security by setting up two-factor authentication

Setting up two-factor authentication (also known as 2FA or two-step verification) is a great way to beef up the security of your account.
This still boils down to your choice of two-step verification method, but it’s advisable to use a smartphone authentication application such as Google Authenticator over SMS text messages.

We’re recommending Google authentication over SMS because of the delay is SMS delivery by some network carriers. “Using a method like Google Authenticator alleviates those concerns by generating codes securely and instantly across multiple devices, without being associated with a specific phone number,” says blochain

Aside that you can still access your wallet by completing a 2FA reset if your mobile device is ever misplaced.

See Also:  Fake Bitcoin websites – Ways To Avoid Bitcoin Fraud

5) Complete all security levels put in place by the operator

To make sure your wallet becomes a fortress, some of the reputable bitcoin exchangers now use three levels security steps, make sure you complete all of them. It’s for your safety, so don’t skip any of the steps.

6) Visit your bitcoin exchanger security centre often

If your exchanger has a security centre make sure you visit the centre often to keep yourself updated about newest security measures put in place.

If you’re in doubt or you suspect any questionable transactions in your account, don’t hesitate to visit the security centre right away to submit complaints and get guide on how to further protect your wallet account.

See Also: Blockchain Wallet Sign Up – Blockchain Wallet Login – Blockchain Registration

7) Store your bitcoin wallet credentials safely

Your wallet ID and password are what you need to login to your wallet, sharing them with anyone is a major security risk, so keep them hidden safely exclusively for you. Online security experts have advised that it’s safer to change password every 3-6 months.

8) Clear browsing data after using a device that isn’t yours

When you use device that isn’t yours to login to your account, don’t store your password there. After performing your task clear your browsing history, cache and password, depending on your preferred browser.

See This:  5 Things You Need To Know About Bitcoin In Nigeria

How to clear browsing history and password in Chrome

Go to the option menu by the top right hand corner of chrome, place your cursor on history, then click on settings.

By the left handside, click on history, and click on clear browsing data, on top of the new page tick what you want the browser to clear and look down to click on clear browsing data. That’s all.
How to clear browsing history and password in Mozilla Firefox

By the top of the Firefox browser where you have file, edit, view, history, bookmarks, tools, and help, click on HISTORY.

From the drop down menu, click on CLEAR RCENT HISTORY. That’s all.

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