Digital currencies are stored in digital wallets, which are quite similar to bank accounts. Each digital wallet has its wallet address like bank account number and a private key that acts as a security PIN of bank accounts. Most people have an issue with digital currencies because there are high risks of funds getting hacked. Security of funds is the only thing that comes to mind when talking about storing digital currencies like bitcoin. Users invest their hard-earned money in buying bitcoins, and therefore no one would ever want their coins to get hacked. But not all users are quite creative and know methods of securing their private keys and coins.
The first thing to protect your coins is to use a strong password. Creating a password that is strong and unique will eliminate the chances of unauthorized access to your coins. Securing your coins will help you invest or trade bitcoin and make profits through https://bitsignal.live
This article will learn how to create a strong password and some tips and tricks that will help keep the digital wallet secure.
Creating a strong password
Bitcoin wallet must be secure with a strong and unique password as it will act as a line of defense to protect your wallet. Wallet users must be careful and attentive while creating a password and learn about all the tips and suggestions that will help create a robust password. Let us learn some tips that will help in the creation of a password.
Avoid using your details.
You must never use your details while creating your password. Most people prefer to use personal details like phone number, anniversary date, address, birth date or more because these are easy to remember. These are details that you may have filled in at many commonplaces, and it becomes easy for hackers to guess such details and apply them as your password.
Along with personal details, it is recommended never to use consecutive numbers as passwords as this become easy for a hacker to guess.
Make your passwords random, complex and long.
A secure password is complex, long and randomly created means it doesn’t include any user’s personal information. There is a rule that the more complex the password, it is impossible for hackers to estimate it. Hackers face difficulty getting random and complex passwords, whereas they can easily remember short passwords or passwords that include personal information. Make it impossible for them to guess your password and secure your crypto coins.
Create a password by using characters and numbers
The best advice is to make use of a combination of letters and numbers while creating a password. It has been found that letters can be easily identified or guess by hackers and therefore avoid using letters in your password. It would help if you created a password that combines symbols, numbers, uppercase and lowercase letters. The more you jumble or make your password complex, the more it gets difficult for hackers to attack it. A strong password has letters, numbers and symbols. Avoid using common words or phrases in your password.
Some other tips of ways to make your wallet secure
- Never reuse old passwords
Most of the users on social media platforms face getting their email address and password getting hacked, which is because they never use security on their password. Large-scale hacks occur on servers that don’t provide enough security to users and compromise their email addresses and passwords.
- Keep on changing password regularly.
Password is the secret information that secures your information or coins. There are prying eyes always targeting to hack your passwords. To avoid any risks of hacks or attacks, you must keep on changing the password of your bitcoin wallet regularly.
- Store password at a safe place
A common mistake that most bitcoin wallet users attempt is setting the passwords in front of their near ones. While setting your password, no one should be near you as if once they get access to your account or wallet, you will lose your funds. Also, it is recommended to always store your password at a place where no one has access.