Although cryptocurrencies are expanding in acceptance, dangers are also developing and getting more serious. It gets more favorable for attackers as more people invest in cryptocurrency. Cryptocurrency may be taken by hackers in a number of ways, including phishing for information, stealing or guessing passwords, and hacking exchanges
Since the start of the epidemic, there have been almost a dozen assaults, approximately $3 billion taken from cryptocurrency exchanges since 2012, and it is anticipated that more than $500 million has been lost since April 2020.
Cryptocurrency may be taken by hackers in a number of ways, including phishing for information, stealing or guessing passwords, and hacking exchanges. The most frequent assault, meanwhile, focuses on stealing the private keys to cryptocurrency wallets. While being 100% secure against all potential assaults is probably impossible, there are several things you can take to safeguard your bitcoins and lower your risk.
Wallets For Cold Storage Are the Crucial Item
The main reason why many investors buy popular digital currencies like Bitcoin and Ether on exchanges is to keep their money on the platform. Digital exchanges have security mechanisms in place to prevent crimes, but they are vulnerable to attacks.
Utilize trustworthy exchanges to buy and sell.
Increasing the frequency of password changes
Changing Passwords More Frequently
Changing Passwords More Frequently
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