As a reason for being digital assets, cryptocurrencies need digital wallets to store. Keeping safe our digital assets are being more important as new technologies developed day by day. Crypto wallets, which we keep our assets, safe can be seen as simple tools for users yet choosing the right wallet is important for being protected from security breaches because online transactions are a must for shopping for these wallets. In this situation, your wallet can be open to being hacked. When we consider these situations, to do safe online transactions, make our cryptocurrency wallet safety to the maximum is essential.
Is password protection enough?
When a password is a must simple ones, always risk your protection. Especially when a password which used for more than one platform can be a huge problem when it is breached. For instance, when your computer’s password is accessed all other passwords that are connected to your browser would be at risk. When we consider all the potential risks how much trust our passwords can provide is questionable. Because of these reasons, password protection can be insufficient when considered crypto assets. However, despite all these possibilities, you can protect your crypto assets with two-factor identity authentication which has deeper layers of security than standard passwords.
Instead of entering your account name and password, phone number and a biometric item are required for Two-factor authentication. With 2FA violations to your wallet are very difficult and cybercriminals who target your wallet reduces. You do not be an easy target anymore.
Personal privacy security
Personal behaviors are important for security as well as new technology and software. In addition to new technologies and software, personal behavior plays an important role in personal security. For instance, when you share your access information to people who you trusted, the risk cannot be seen as a minimum. You should not share your technological tools and access information. The transactions for crypto assets cannot be undone so all possibilities must be taken into consideration before anything bad happens.