How to keep your cryptocurrency safe

Oct 18
Our security team at Coinbase has noticed an increase in the inventiveness and tenacity of cybercriminals as cryptocurrency trading grows in popularity.

However, by following a few straightforward procedures, you may considerably increase your online security.

Your passwords must contain a minimum of 16 characters, be highly complicated, and be specific to each of your accounts. You can use password managers like 1Password or Dashlane to establish and remember your passwords because doing this on your own is challenging.
Use two-factor authentication (2FA) in addition to strong passwords whenever it's possible, and always use the strongest sort of 2FA that the platform permits, ideally a Yubikey or comparable hardware security key.

If possible, utilize an authentication software like Google Authenticator or Duo Security in place of SMS-based 2FA if your service provider does not support Yubikey.

If SMS-based 2FA is the only option, at least mandate that a one-time 2FA code be delivered to your handset each time you log in to prevent account access if your phone is stolen. password. Consider avoiding using this service if your company does not provide any of these choices.

In addition to employing the appropriate security measures to protect oneself, it is crucial to remain cautious when securing your accounts.

Just as you wouldn't proclaim inheriting $50 million online, you shouldn't boast about your Bitcoin holdings either. Use a quick self-evaluation method to examine your internet visibility.

Hackers impersonating technical help: Even attackers impersonating customer service, like Coinbase, may ask you for account information. However, Coinbase will never request passwords, 2FA codes, PINs, or remote access to your computer.

Additionally, keep in mind that neither Apple nor Google will ever call you to ask about your machine.

Check the website address twice before logging into your account or entering any credentials, because con artists often develop bogus sites that mimic legitimate exchanges to steal account information.

If a link was included in an email that you received, copy the link and paste it into a text editor before pasting it into your browser to ensure that you are aware of its destination.

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