Top 4 Bitcoin Security Tips
Whether you want to buy Bitcoins, or wish to get a Bitcoin wallet, you need to consider the security factors.
A safe and secure transaction should always be your top priority. If you don’t pay attention to the security risks, you might lose all your coins. In this article, Bitcoin security tips are mentioned to help you make a smooth and safe transaction.
1. Buy Bitcoins from a Reliable Seller
While purchasing Bitcoins, the first thing that comes to mind is the authenticity of the exchange or the seller. Sometimes it can be hard to differentiate between a reliable seller and a scammer. The website might look so professional that you would find it hard to believe that it is fake.
To find the reliability of the website, you can check the web address. Authentic websites start with HTTPS instead of HTTP. The next step you could do is use forums to ask people about the authenticity of a seller. A trusted seller will be well-known and the forum members can confirm that.
2. Don’t Use Public Places for Bitcoin Exchange
If you use public computers for Bitcoin trading, there is a high chance that hackers might steal your credentials. Giving away your username and password means that you will lose all your Bitcoins.
Computers in public places might have a keylogger installed. This software tracks the keys pressed on the keyboard and notes them down. The information is then delivered to a remote user (hacker). The hacker can then log in on the website and steal your coins.
3. Secure Your PC
The security of your personal computer also matters. Although there are rare chances of finding a keylogger, you still need to update your antivirus on a regular basis. You should never suppose that you are fully protected. Even one security vulnerability can prove to be costly.
It is recommended to use Linux as an operating system to prevent hacking attempts. This operating system is quite secure and is designed in such a way that it keeps out hackers. However, if you like any other operating system you need to regularly update your antivirus.
4. Backup Your Entire Bitcoin Wallet
To avoid the risk of losing all your Bitcoins, you should backup your entire Bitcoin wallet. Your electricity might fail, your data might get corrupted, or your phone might get stolen. Whatever the case is, you should make a backup of your wallet. These backups can help you to restore the coins.
In addition to the above mentioned tips, you should also use strong passwords. Nobody wants to lose their Bitcoins, so it is better to take precautions. Bitcoin trading can be made more successful by being careful to avoid financial losses.