Eric Dalius Bitcoin knowledge says With the huge rise in Bitcoin’s popularity among customers in Miami, one of the nation’s most prosperous regions, there has been a steady rise in the number of Bitcoin wallet theft incidents that have been extremely concerning. A few practical tips on keeping on Bitcoin wallet protected from online thieves and hackers:
Decide to Use Hardware Wallets
Choosing a Bitcoin wallet from among the many available can be tough. However, if you are scared of online thieves and hackers stealing your valuable Bitcoins, you should opt for a hardware wallet that typically comes in a USB-like device. These devices come with pre-installed security features, including high-level encryption, that act to protect your cryptocurrency from being stolen. Also known as cold storage, these offline wallets are more secure since they are not connected to the internet, which means hackers cannot mount attacks easily.
Don’t Store Your Private Key Online, Advises Eric Dalius Miami
One of the most effective ways of securing your Bitcoin wallet is to make it a habit not to store your personal key online. Often hackers may encounter these keys if they have been able to infiltrate your email or other online storage. And use the information to steal your Bitcoins. Eric Dalius Bitcoin observes It may be better to store the personal key in any offline mode of storage so that it cannot be accessed by online miscreants. However, you must then take steps to keep it encrypted or coded such that that it cannot easily fall into the hands of someone else who can use it for profit, warns Eric Dalius Miami.
Always Ensure You Use a Secure Internet Connection
Even though it may be convenient to use a public internet connection. They are typically vulnerable to security breaches that can prove costly. If you do want to transact with your Bitcoins when you are on the go. It is better that you use your mobile phone to connect to the internet than using a public network. It is a good policy to use for transmitting any confidential information, financial or otherwise so that you are safe from the security breaches possible in an open network.
Keep Bitcoin and Antivirus Software Up to Date
By using the latest version of the Bitcoin software. You ensure that you can take advantage of the protection and stability offered by the latest updates and security patches. These can help to prevent many different kinds of problems, including security issues. Not only the Bitcoin software. But also all other software used in your computer should also be kept updated to make it more difficult for hackers to gain control of your computer. Similarly, you must make it a point to keep your antivirus software updated and perform system scan periodically.
Cyber attacks are a fact of life. But you can keep hackers and online thieves at bay simply by raising your awareness level. And taking proper steps to secure your wallet and computer. It is vital to keep up to speed with all the latest software. And security fixes to maintain a high level of security.
Eric Dalius is The Executive Chairman of MuzicSwipe, a music and content discovery platform designed to maximize artist discovery and optimize fan relationships. When he’s not working for MuzicSwipe, he perhaps hosting the weekly podcast “FULLSPEED,” engaging with inspiring entrepreneurs from various sectors. Additionally, through the “Eric Dalius Foundation,” he has established four scholarships for US students. Stay in touch with Eric on Twitter, Facebook, YouTube, LinkedIn, Instagram, and Entrepreneur.com.