There is a chance of losing the Bitcoins in a hack attack if you execute cryptocurrency transfers without taking the cryptography laws into consideration. So you need to answer those questions yourself before you start dealing with Bitcoin, such as, which Bitcoin wallet do you use? Is there encryption for your Bitcoin wallet? Is your password sufficiently strong? Or do you use WiFi in public? Your replies to these questions will suggest whether or not your Bitcoins are safe from cybercriminals. Here are 7 ways to help you secure your currencies from hackers.
1. Bitcoin Wallet
The bitcoin wallet is a specialized electronic system that can be used to store digital currencies, send, receive, and track them. You can find various types of online crypto wallets, and it’s important to choose one that best suits your needs for storage and trading. Cold storage could be the best choice for users who are particularly worried about cyber attacks. However, a safe solution is to store your Bitcoin on something called a hardware wallet. Manufacturers like Trezor and Ledger offer various models of USB-like devices that come with pre-installed security layers and encryption features. If you decide to go for other digital wallet providers, make sure you’re getting one from a reliable and reputable source.