Bitcoin is a digital currency that is at a great level of popularity. There are so many new bitcoin customers who are investing their hard-earned money in buying digital currency. The thing is that it is still very risky to invest money in such a volatile market, but many people are also worried about the security of bitcoin. As you know that the bitcoin blockchain technology is developed with high-end techniques, so getting hacked is not directly possible.
But when you buy to sell the bitcoin, then you need a bitcoin exchange for it. And for storing the bitcoin, you will need a bitcoin wallet. So, these accounts are more vulnerable to hackers. Well, there are some steps which you can take for protecting yourself from getting hacked.
Set up a strong password
It doesn’t matter that whether you are securing your bitcoin on the bitcoin wallet or you are keeping it on an exchange; your first and the most important defense can prove to be setting the powerful and strong password. Any of the accounts that contain your private information, like banking information, should always be secured by a complex password that no one can guess. It is advised to you that you should always create a password that consists of a minimum of 16 characters.
You might be aware of the fact that some people set their passwords using their personal information, which can prove to be predictable sometimes. So, you should avoid setting these kinds of passwords like your name, birth date, etc. these might be the easiest password when it comes to remembering, but they can be easily cracked by hackers. If you want to buy and trade bitcoin, then you should visit
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Enable the two-factor authentication
If you want to secure any account, then using the two-factor authentication feature can prove to be the best option. For securing your bitcoin and preventing it from hackers, you should always enable the two-factor authentication feature. This will help in giving your account an extra layer of protection or security. The most impressive thing about it is that this process of enabling the two-factor authentication is very easy, so you will not face any issues with it.
You just need to click on your account on the bitcoin exchange, and in the settings, you can enable this amazing feature for safeguarding your bitcoins. Once you are done with setting the 2FA, then you will have to make use of it when it comes to making the transaction of bitcoins.
Remove your bitcoin from the exchanges
When you are done with buying the bitcoin from the bitcoin exchange, then it is the best idea for you to remove that bitcoin from the bitcoin exchange. As you know that there are so many cases in which the exchanges of bitcoin got hacked, and people lost all their bitcoin investment in no time.
Well, there are so many top-rated bitcoin exchanges that are well known for offering a higher level of security to the users, but the thing is that you will not be the controller of your bitcoin unless you get the private keys for your bitcoins from that exchange. For getting private keys, you will have to shift on making use of the bitcoin wallet. It is advised to you that you should always consider getting the bitcoin wallet from a reliable platform.
Invest your money in a high-end bitcoin wallet
It is a general rule that if you want to secure bitcoin in the safest way, then you need to invest your money in the cold storage bitcoin wallet. There are so many hot wallets available in the market, but the thing is that the hot wallets are always connected to the internet, so they are prone to hack and other malware attacks.
Hot wallets are better for people who want to trade bitcoin actively. But if you want to get the maximum level of security for your bitcoin, then going for the cold storage bitcoin wallet is the right option for you. These wallets are more secure when it comes to storing the bitcoin for a longer period of time. The hardware bitcoin wallet is the most advanced and safe cold wallet which most people are considering for storing their bitcoins.
