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How to Protect Your Cryptocurrency Against Hackers

How to Protect Your Cryptocurrency Against Hackers (Security Tips and Advice)

Not all hackers are are evil criminals, in fact most aren't. There are "whitehat" hackers that basically test vulnerabilities for people and companies as a service. That basically means they test vulnerabilities in smart contracts so the ICOs that are raising millions don't get hacked. Cold storage devices locked up at a secure location One great way to protect cryptocurrency vs hackers is to put the crypto on cold storage and lock it up at a bank safety deposit box or another secure location. Don't leave crypto on the exchanges for more than is necessary for trading If you aren't actively trading cryptocurrency, all of the experts recommend taking it off of the exchanges immediately. Bryan emphasized strongly, "If you are not using a 2 factor authenticator then you are a target." What he's describing are various systems that most of the cryptocurrency exchanges now support that generate a random code every time you try to access the platform. Most hackers will go after the easy targets that are making it dead obvious how and where to hack them, and store all their cryptocurrency in one easy to hack location.

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