Crypto hack is nothingnew. Over the years, crypto exchangeshave been the victims of illicit hackers that has led to losses in millions.Here is a brief on some of the most high-profile hacks that shook the cryptoworld in recent times:
The worst sufferers ofthese hacks are the crypto investors or traders themselves. Your safety is yourresponsibility and you have to take pro-active steps to keep your assets safefrom hackers. The post below offers some pro security tips for all cryptousers.
Becareful of secured storage
It’s better to store yourdigital assets in some offline cold wallet. Fewer tokens you place online,fewer are the risks of them getting hacked. Your wallet should be lockedproperly while you are not using it. The private keys must be kept offline, awayfrom wallet. You can keep the keys in some bank safe for safety. Another tiphere would be to implement multi passphrases on wallet which will help to hidethe balance of primary wallet.
Experts have also advisedto follow multisignature practices for wallet hands.
Chooseexchange wisely
This is certainly one of the most important points to consider while it comes to the security of your crypto assets. Look for an exchange which stores maximum of the crypto funds in cold wallet. Decoin exchange is a good example here as it stores 97% of its crypto funds in cold wallet. Although the remaining 3% is stored in hot wallet for easy liquidity yet those are backed by insurance. Also don’t sore your entire crypto asset portfolio in your exchange. Limit the amount to what will be specifically required for exchange and trading.
Besides, always settlewith a licensed and regulated exchange which is extremely careful aboutadvanced security practices on its portal.
Double-checkwallet address
According to market experts,a crypto wallet user should always double-check wallet address when he pastesit. You should follow the same precaution when you supply the address throughchat or email or via any form of digital communication.
Try to avoid discussingabout your crypto ventures in public forums, especially online public forums.You never know who is lurking behind the camouflage of a new-found friend onthese forums.
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