Secure Your Bitcoin Wallet: Bitcoin Security Tips

Share and Spread

Here are some simple tips that you can implement to secure your Bitcoin wallet and improve your Bitcoin security habits:

1- Encrypt your Bitcoin wallet

Encrypting your wallet is very useful. In the basic Bitcoin client, navigate to the configuration, and then click Encrypt Portfolio. Enter your password and make sure it is very strong. Here are some tips to help you find a secure password:

2- Use a password generator

this process will be completely random and your bitcoins will not fall prey to brute force attempts.
Do not include any personal data in the password; For example, your date of birth, your name, etc.
Try to make the password a combination of uppercase, lowercase, numbers, and symbols.
Try to make the password as long as possible.
Make some physical copies of your Bitcoin wallet password and place them in safe places. For example, write it and hide it in a safe place, you will remember it, but others will not see it. In addition, you can use a computer not connected to the Internet to create a text file containing your password, then encrypt this text file with a different password which you will remember more easily and store it on a flash drive / burn on a CD or DVD.
For additional Bitcoin security, choose a Bitcoin wallet with multiple signatures
This can be very useful for companies with divided leadership between different people. Even if a hacker accesses the wallet, it is not yet possible to steal Bitcoins. In simple terms, a multi-signature wallet has a fixed number of keys, say “m” and requires the signature of a number “n” of keys for an extraction to be executed. This is also known as “m” in the “n” signature. In this way, you create another obstacle that the hacker can overcome, thus increasing the security level of your wallet.

3-Back up your Bitcoin wallet regularly

It’s mandatory, no matter what happens. As an extra security measure, you should also try to extend your backups to multiple locations. The use of a secure vault is also recommended. Maintenance of online backups is not recommended because they are prone to various threats. If you choose to store them online, try using an online portfolio that provides multi-strand portfolios and correctly crypt the portfolios.

4- For maximum Bitcoin security, use an offline wallet or a Bitcoin cold storage portfolio

Some of you may use a lot of bitcoins, which means that you are likely to make daily transactions. If you are managing a large volume of bitcoins, Bitcoin security is even more important to you, and it is recommended that you create at least two separate portfolios. One portfolio will be used to carry out your daily transactions and the other portfolio will be an offline portfolio that should be used as a cold storage portfolio, or a savings portfolio, so that your funds are protected from online threats . You can create a secure offline wallet by following this tutorial in the Best Bitcoin wallet.

5- Try a Bitcoin paper wallet

Paper wallets are the most cost-effective and easy way to store bitcoins. By using paper wallets, you are safe from the growing frequency of malware, viruses, and keyloggers, so your Bitcoin wallet is safe from them. In addition, it does not take long to create a paper portfolio. You can make a Bitcoin paper wallet through, which is very fast, simple and secure. For more security, you can even download the source code of your github, which appears on the homepage, then compile it on a computer that is not connected to the Internet and use it to create your paper wallet.

In general, with these ingenious tips, you will be much less vulnerable to hackers and malware.


Leave a Reply

Your email address will not be published. Required fields are marked *