Basic security – [Basic Instructions #3]

BASIC SAFETY POSSIBILITIES THAT YOU SHOULD BE CAREFUL

Basic Instructions – Part 03

In the real world, in order to avoid losing your wealth, you always need to take hedging measures and avoid unnecessary mistakes that lead to these losses. The same goes for entering the cryptocurrency market. You need to have the tools to protect yourself against outside attack and you need to limit the actions that result in loss.

In the previous post, I introduced everyone to the basic tools. These are the tools that you will continuously use and that are excellent wizards for removing unnecessary items from you. That’s right, the elements come from you. Try to think for a moment about the unfortunate incidents that you or your friends have come across. You will see that the main cause comes from yourself, such as forgetting, oversight, carelessness …. Well we are not as careful as we think we are. Me too, so this article will be the basic roundup of my security experience, it’s simple but effective.

TABLE OF CONTENTS

1. Basic security – outside
2. Basic security – inside

Don’t forget that our story is limited to the cryptocurrency market. So what’s out here can be thought of as “things outside of the crypto market”.

Yourself

Notice: DO NOT SAY TOO MUCH ABOUT THE MONEY YOU HAVE.

Why?

Why do you think someone would want to take your money? If you talk to a relative or friend about it, the risk is likely to be limited, but if you spread it online you could very well become a potential target.

I’ll tell you a true story about one investor in this market (it happened in 2018 when crypto hacks were very popular in the community), he invested quite a bit in the market and he also has his own community. The story unfolded during a live stream when he was bragging about his portfolio, the coins he has and more data, one viewer said some of the coins he was working on were stolen. This investor lost more than $ 1 million because the hacker found his email password and from there the documents he kept for his wallets. Yes, his bragging rights make him a potential target for hackers out there.

Did you understand the sentence I advised you above? So don’t let anyone target you.

Your computer

Next, we’re going to talk more about backing up your computer.

In fact, anyone with a little knowledge of information technology can understand how important this is. Not to mention your assets in the cryptocurrency market, you will be keeping a lot of vital information on your PC, right? and with just a few inattentions from your tampering or ignorance, you can expose your computer to malware from bad websites or unknown documents.

To avoid this, I’ll give you a few things you should check with your current condition. Perhaps this is not enough for many of you, but this article I’ve written mostly for the newbies and is just simple, but if you combine many basic tools in this series of articles, you will have a relatively effective tool kit to protect this market already .

First and foremost, you should purchase and use a licensed operating system for your computer. Depending on your career factors, you can choose from different operating systems. Limit or remove cracked or unsafe software.

(2) Please set a password for your PC. Yes, this simplicity will greatly reduce the curiosity of others and will allow you to better protect your computer.

(3) Obtain antivirus software for your computer. The options are plentiful right now and the prices are not expensive at all. I am using Bitdefender Total Security 2020 for my PC. It makes me very happy.

(4) Schedule regular virus scans for your computer. Also, regularly update other updates for the operating system you are using, as well as everything else.

(5) Unless you are a programmer in the cryptocurrency market, most of us use a web browser to access this market. Choose a web browser and understand how to use it. This is a benefit to minimize the mistakes you can make entering and exiting the market. I choose google chrome.

(6) If you are using Google Chrome, the next thing we need to do is check all the extensions to see what is running and what should be removed. One of the main causes of personal data loss is usually here. (Send me what you use and we will evaluate it together)

OK, if you’ve read this far and followed my explanations, you’ve also created a relatively solid shield against unpredictable dangers out there. In addition, below or in other articles, I’ll always give you tips on how to optimize the tools I recommend.

Your phone

In the present, this will always be an object of separation from everyone. So basically, you will always be protecting it in the safest possible way, except if it is suddenly lost or damaged. These are force majeure situations that we have no control over, but did I show you how to deal with such cases in the previous post?

However, there are 2 comments I should make to everyone here:

1. Always on fingerprint and face unlock function for sensitive apps in connection with cryptocurrency.
2. Put it in a folder that feels like it is out of sight. Encrypt it whenever possible and only open it when you need it.

I will go into more tools on the phone in the article “OPTIMIZE”.

That’s right, next we are going to talk about homeland security in a fundamental way. You can use it as “All of that has to do with the cryptocurrency market“Like wallets, accounts on exchanges and … others.

Basically, the security problem in the cryptocurrency market is a problem not for ourselves but for the top developers in this market who are struggling with it. Of course, to some extent they solve complex problems where we are just protecting our own property,

You just need to pay attention to 2 basic points:

1. Your password.
2. Your private key.

That’s right, it’s basically just the 2 things above. By focusing on protecting these things, you will reduce more than 90% of the risk that can happen to your wealth. So what should we do to protect it?

password

The easiest way is that you should 2FA all accounts that allow 2-layer security. Yes, if possible please 2FA allFA.

The difficulty with this is keeping the backup codes. Have you seen the convenience of platform management toolkits? It is used to solve these problems for you.

Of course, you should always have the highest level of security for this.

Private key

E-wallets keep the assets we have. It’s just as important as the above, isn’t it? However, it is always a difficult thing for many of you to keep it safe, even for me when I was first in this market.

Why?

You have to remember it, but in reality nobody remembers it so we have to keep it. This is the main vulnerability to security issues. There are 2 basic cases for this.

a. They invest heavily in this market and trade regularly.
b. You invest less and act in moderation.

Whichever of the two falls, you have assets in the crypto market. The easiest way to go if you have funds is to buy yourself a cold wallet. Your private keys are stored here.

Keep as few wallets as possible (1) or as many wallets as possible under control (2). Both (1) and (2) are good for 2 cases a and b, but the most optimal is (1) for b and (2) for a.

That’s it, you focus on 1 and carefully protect or distribute it to minimize risk. For those of you who are smart and knowledgeable you are sure to find other options, here I am just giving the best protection to newbies as they have before they can succeed in the money market.

SUMMARY

You should remember that security is the topic that you should be concerned about the most before you really get to grips with the cryptocurrency market. It becomes difficult when you have to lose a lot of money just because of a few mistakes.

Perhaps what I am showing you here seems simple to you, but that is the experience I have gained over several years of participating in the market. Simplify what you can and focus on the other important things that make you money in this market.

DISCLAIMER: This article should not be viewed as financial advice. All information is for educational purposes only.