A few rules for safe storage of cryptocurrency

2017-03-15 00:00:00:

The question of how to safely store Bitcoins does not lose relevance. Most users have traditionally placed digital wallets on online services. But we should not forget about the risks associated with choosing this option. After all, it is impossible to exclude a hacker attack on the platform. In addition, there are cases when the founder of the project simply disappeared, taking with him the savings of customers.

Basics of secure storage

Experienced users recommend using offline wallets for storing Bitcoins. But there are a number of conditions:

• It is necessary to select the most complicated value of the password intended for entering the digital wallet. It is not recommended to use these symbols to visit other resources.
• It is advisable to save a complex password on paper. After all, if the user forgets it, then he will lose access to savings.
• The computer on which the digital wallet is installed must be reliably protected with an anti-virus program. In addition, you need to monitor the constant update of the software.
• If the user has a considerable number of coins, then the issue of where to store Bitcoins should be given special attention. The best option for their savings would be a computer that does not have Internet access.

A few more rules

The first rule of a cryptocurrency investor is risk diversification. In other words, the user needs to place the available assets in several virtual storages. For short-term savings, the best option would be a mobile wallet or online wallet. But do not accumulate too large amounts on them, because the smartphone can be lost, and online storage is a favorite target for hackers to attack. Therefore, it is recommended that you store the main supply of Bitcoins on a more secure client.

A unique feature of a digital wallet is the ability to back it up. In this case, the wallet file should be saved on another computer, flash drive or disk. This approach ensures that even in the event of a breakdown of the equipment on which the wallet is stored or lost, the user will still save accumulations. To restore access to coins, you need to download the client to another device, and copy the wallet file. If a computer is lost or stolen, it is advisable to create a new address and transfer money to it. Following these simple rules for storing cryptocurrencies will help ensure the safety of Bitcoins.