Securing a bitcoin wallet

Receive all Securing a bitcoin wallet news in Telegram! Literally millions of people have joined the world of cryptocurrencies recently. For example, Coinbase, one of the biggest cryptocurrency exchanges, has added around 2 million new clients within two months.

8 million during the same time frame. Most of these people are newbies, unacquainted with security issues and risks that surround complex but currently profitable cryptocurrency realm. This makes them easy targets for cybercriminals and thieves. One popular crime which is conducted on cryptocurrency traders is the phone-porting attack. Crooks monitor social media in search of cryptocurrency discussions wherein people publish their emails and phone numbers for quick connection.

After that, hackers use various social engineering techniques and posing as a victim, call the telephone provider and trick the customer support rep into transferring the telephone number to a phone they control. A phone number is not the only security weak point. Hackers may get hold of your home PC too. So, what is the best method to safeguard your cryptocurrency assets from hacks? We must confess there is no ideal approach to the problem.