IS IT POSSIBLE TO SAFEGUARD YOUR CRYPTO WALLET AND ASSETS?

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(Edited)

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Last week a friend's brother had his BSC wallet hacked and about 10,000 dollars was stolen, this amount took him a while to gather and it was disheartening for me personally because he had always been an inspiration for me and also because of how close I was to his sister which made him feel like family.

Now after moving past the initial shock and sadness about what had happened, I kind of moved to panicking and the main reason was because I am very new to the crypto-verse and if someone who had been in it for years could get hacked then it could be easy for me to get hacked also especially since I wouldn’t consider myself the safest in protecting my information.

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WHAT CAN BE DONE TO SAFEGUARD YOUR CRYPTO WALLET AND ASSETS

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At that moment I began making research and figuring ways to safeguard my crypto wallets and I would be writing what I have learned below.

  1. It is important to use cold wallets also known as hardware wallets because they aren’t connected to the internet so storing your private keys in them is a lot better, some examples of cold wallets are ledger nano x, cool wallet pro, trezor model t, etc. Now even though they are a bit pricey, it is way better to invest in them than to lose all your assets.
  2. Always using secure internet is also very essential because you can be hacked through wifi and even Bluetooth so please don’t be tempted to connect to free random wifis around you, also be careful with VPNs because I know that due to the Twitter ban in Nigeria, a lot of us have been using them and you can be hacked through them so please always switch it off.
  3. Having different wallets is also a good way because all your assets wouldn’t be kept in one and even if you get hacked, everything wouldn’t be taken.
  4. Secure your phone and change your passwords frequently: as much as I wouldn’t want to say someone close to you might hack you, it is still important to be as careful as possible so make sure your phone is secured and you consistently change your password when you feel like certain people know it.
  5. Avoid unnecessary links and websites: This is something I know I am guilty of because I am always clicking on things and downloading movies from weird places but it is advised to avoid malicious or suspicious links and websites because it could be an avenue to get hacked.
  6. Using a 2FA and creating a substitute Gmail address: it is important to use 2-factor authentication in all your accounts because it makes it harder for your account to be hacked, also make it a habit to use a different Gmail account for your crypto and it should be different from the ones used for your social media.
  7. Keep quiet: as much as I know that sharing is caring and we rise by lifting others, it is important to keep certain things to yourself because when people know certain information about you, they would know where to check.

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IN CONCLUSION

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Now, I know that the world is changing and these hackers are changing along with it but it is essential to try your best to safeguard your crypto assets any way you can because it is a sad thing for someone to get the assets that they have worked for stolen.

I also know that doing all these things does not guarantee that you are protected 100% but it is still a better shield than being a sitting duck so it is good to keep trying to attain safety.

I hope that something like this that happened doesn’t happen again and I would appreciate it if any tips on safeguarding your crypto assets are given below, thank you.


REFERENCE
cisomag.eccouncil.org


Thank you for opening this box of passion



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25 comments
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I am sorry about your friend's brother who had all his assets stolen. Thanks for taking the time to research possible ways by which we can safeguard our wallets, it was helpful. I'll have to be careful with my Gmails, clicking links, and keep my mouth shut as well. Thanks

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You are welcome, just try to be as safe as possible.

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Congratulations @khaleesii! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

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(Edited)

It must've been a very sad moment for him am sure, but whichever ways we keep moving.

I hope such occurrence doesn't happen again.

Security is one of the main issues in any Blockchain project out there, the hackers are definitely getting wiser everyday which is why we all have to be one step ahead always.

Posted using LeoFinance Mobile

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Yeah, it was really sad.
Security is very important and we need to constantly work on it.

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We need to protect our wallets so tightly to avoid stories that touch. Unlike me, I make use of strong passwords and 2FA code too and I also write it down somewhere in case I might change my phone.

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I am scared I would lose my phone and I won't be able to access my information that's why I haven't used 2FA but I think I need to.

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I have to say this is the simplest article on security. Very direct and straightforward. Easy enough for the newest person to understand. Thanks for sharing.

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Thank you so much, I am so happy that it is easy to understand.

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I am always pained when I hear about these hacks. It's wickedness with total disregard for consequences. They worked hard to hold these tokens and yet someone would just swoop in and wipe them out. It's painful and I am really sorry about your friend.

We just have to be extra careful and the cold wallet thing, I might have to take a look too.

Well done, my adventurous buddy. We still have our date coming along.

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It is really painful, I don't understand how people feel comfortable stealing from someone.

We really have to be careful and the cold wallet is about a 100+ dollars, pricey but worth it.

I am still waiting for this date oh, do far ojare.

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They have no conscience and it's really sad.

$100? No wonder I haven't heard many people speak about it hahahaha but if it worths it, absolutely.

Of course... I am coming for our date... I need to sort out the logistics and treat you to the best of moments... I'm getting all your dresses. Tell me the kinds you prefer 😍🥰

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Surprise me on the date, I like a good surprise.

People have been talking about cold wallets, you can make your research.

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It's so sad to lose all one gas worked for to people who only want to reap where they have not sown... That's wicked 😩

You've listed good ways to secure our wallet and I'm taking the third and fourth ways, they are new to me so I'll try them out too... All to keep my wallet safe.

Thanks for this enlightenment, got here through @dreemport

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I am glad you learned something from here.
Thank you for reading.

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Every time something like this happens - even with DreemSteem it gets me very nervous
I start asking all these questions, what-ifs

10k is a lot and I am so sorry for your friend.

#DreemPort

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Yeah, it is a lot especially in my country, the sad thing was that he was very careful and to date, we don't understand how it happened.

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That's concerning especially since he does not know how it happened...
I wish his crypto will grow double fold in double time

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It's really sad for one to work so hard to gather some coins and just in a twinkle of an eye, he loses all these coins to hackers. My sincere sympathy goes to your friend. I hope he is strong enough to gather more coins.

Thanks for sharing the answers you got from your research with us. I couldn't agree less with these tips on how to safeguard out wallets.

I have always tried to avoid unnecessary links and websites and the two factor authentication is very important.

Thanks for sharing.

@dreemport directed me to your post

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It is really sad but as long as there is life, there is hope and he would do better.

This link thing is my problem, I am always clicking on things, God help me.

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You should try not to click on every link you see. Most ain't safe... Always confirm before clicking

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