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Crypto-Talk With Chris Mentillo

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Hello and let us get-on with Crypto-Talk with Chris Mentillo. This week on Crypto-Talk with Chris Mentillo, I would like to discuss TOP CRYPTOCURRENCY SECURITY TIPS: 

As you already know, cryptocurrency is currently the most volatile investment in the world. While buying a cryptocurrency is one thing, storing it safely requires entirely different knowledge and skills, like those possessed by crypto experts. Cryptocurrency security ideas are much needed for today’s world. 

Cryptocurrencies are based on cryptography:

Cryptography, as we know, is the study of techniques for secure communication. It is highly impossible to hack a blockchain, or a private key as trying to break an algorithm, protected by cryptography would require an unfeasible amount of computational power. Despite such a safety aspect, there have been countless cases of cryptocurrency theft. This may happen, especially to those who are just starting in cryptocurrency investment.

This article will throw light on the best crypto-security tips, to protect your digital assets, and avoid the common hazards of crypto security.

Phishing can be defined as a fraudulent attempt to obtain sensitive information from a user by disguising themselves as a trustworthy entity. Hackers make use of a very common scam technique, which involves creating a fake, identical version of the exchange, or the web wallet page, used by cryptocurrency holders. They mail the link to the victim with a convincing message. This message will convince them to log in and take instant action. There have been a lot of instances where people give in to this, access these sites, and enter their details. The hackers then use this data to do whatever they want. To avoid phishing, make sure that the link displayed in your browser, is the same as the one in your exchange or web wallet.

Wi-Fi can divert your browser to any page. This may sometimes be a mimic version of your exchange or wallet. They will also be able to gather the data transmitted through the network, in case it carries the password you had typed.

If you are accessing your wallet from a public Wi-Fi, be sure to use a Virtual Private Network VPN. It is a method used to add privacy and security to private and public networks, like the internet and Wi-Fi hotspots. VPNs are mostly used by businesses to protect sensitive data.

It is important to have a firewall and an updated antivirus in place. Make sure you don’t install any software if you are not entirely sure about it. You must never download any suspicious attachments. Before you install any software on your system, make sure that you do thorough research about its reputation. You can use Google or social media platforms such as Reddit, or even ask your friends whom you feel would have more knowledge about this topic.

It refers to an extra layer of security added to the validation procedure. This makes it difficult for hackers to invade your wallet or exchange account, as only providing the password isn’t enough for them to gain access. This is a good cryptocurrency security idea. A majority of the exchanges and wallets require two-factor authentication. It may need a random PIN that was sent to you through email or SMS.

Many people are attracted to Bitcoin gambling due to the anonymity it offers. This anonymity may sometimes be disadvantageous. Many Bitcoin gambling sites do not disclose the identity of the site owner. This makes it tedious to check if the platform has the appropriate licenses. For keeping your cryptocurrency safe, you must use trusted Bitcoin gambling sites that have good reviews online and are at least a year old.

Pump and dump is a tactic used by a group of people or an influencer, to generate hype, to make many people buy cryptocurrencies at the same time. By doing so, the price of cryptocurrencies increases greatly, and this enables the organizers of this tactic to dump all the people who are buying at a higher price. This practice is illegal in cryptocurrency markets and traditional markets. You need to stay away from it to keep your cryptocurrency safe. The organizers may lure you into participating by promising great returns. But the fact is, only the organizers will be benefiting from this.

When creating a wallet or a cryptocurrency exchange account, you need to use a very secure password. It can be a combination of numbers, uppercase, and lowercase letters, symbols, etc. 

You can also use online password generators for getting a secure password. Passwords Generator is one such online password generator that helps in the instant creation of secure, random passwords. The password must be stored in a safe place. The best thing to do would be to store it offline or on a piece of paper.

There have been many previous instances of people being assaulted, or even murdered by bad actors, in the attempt to steal their cryptocurrencies. Stealing cryptocurrency looks attractive for both criminals and hackers, due to their anonymous nature. In case of money stolen from a bank account, it can usually be tied to an entity and retrieved, but Bitcoin and other cryptocurrencies cannot be traced to an identity. Therefore, you must never tell anyone how much cryptocurrency you hold. You must keep this in mind when you talk to people in blockchain conferences, and cryptocurrency meetups. Another crypto security tip is to add a cryptocurrency portfolio tracker. You can make use of this feature if you want to avoid someone discovering your holdings if your phone is stolen.

Over the past few years, cryptocurrency theft has become an incredibly popular business. Their increasing popularity is the main reason for gaining the attention of many hackers, as the cryptocurrency market is growing more profitable each day. There is no need to panic. Keeping these cryptocurrency security ideas in mind will help you secure your cryptocurrencies and become a crypto expert.

Well, that is it, folks, for this weekend's on Crypto-Talk With Chris Mentillo. I hope you and your loved ones have an incredible Sunday (what's left of it anyway) because I truly believe you deserve it. Please do not hesitate to tell all your loved ones and friends about Crypto-Talk With Chris Mentillo on See you real soon, have fun and have a happy and safe cryptocurrency day. See you next Sunday!