Coinipop reveals – How to secure your bitcoin Wallet
When it comes to bitcoin, safe and secure storage is at the top of the priority list. As owners of Bitcoin, nothing is more important than protecting your Bitcoin wallet.
The question is: how do you do this? What makes your Coinipop wallet safe and secure?
First of all, you need to make sure that you are using the right type of wallet. If you hold a large amount of bitcoin, it may be worth investing in a physical wallet.
For those who prefer other types of wallets or those looking to further secure their existing wallets, there are several ways to do this:
Encrypt Your Wallet
Start with the most basic form of security, which is a strong password. For people wishing to access your account, this is usually the first line of defense.
Make sure that your account has a strong password and use numbers, capital letters, special characters, or whatever will make your password harder to guess.
Make sure that your password is something only you would know, whether that be lyrics to your favorite song, an essential detail in a story, or anything that might be deeply personal to you.
Of course, having said that, make sure you remember your password. Write it down on a piece of paper and hide it and try to do everything you can to remember it.
Two-Factor Authentication (2FA)
If your strong password is the first layer of protection, two-factor authentication (2FA) is the last layer of protection as it adds an extra layer of security to your Bitcoin wallet. Even if someone were to obtain or guess your password, they wouldn’t be able to do anything with your bitcoin unless they have the codes for 2FA. Google Authenticator or biometrics are one of the best options for 2FA.
It is important to note that not all wallets have the 2FA function, so it is recommended to find one that has it.
Update Your Software
Just like with your iPhone or laptop, you must update the bitcoin wallet software regularly as it will allow you to receive crucial stability and security fixes. Not only that, updates can sometimes contain new features that will further secure your account.
Back Your Wallet Up
Some wallets will allow you to back up data and even encrypt it. If you have any of these features, it is strongly recommended that you use them regularly. At the same time, make sure your backups are not tied to a single location: save them to multiple devices in different locations, with different types of media such as USB keys, papers and CDs.
Control Over Your Security
While hardware wallets are arguably the safest option, there are several options that can hold up. For example, coinipop’s Bitcoin Wallet is one of the most reliable digital wallets around which is perfect for new and consistently active traders. With latest conversion rates and tracing features, users can check their balance and view the value of their bitcoin in USD, anywhere and anytime.