It’s all but impossible to ignore cryptocurrencies like Bitcoin. What was once regarded as a simple fad a few years ago is now a full-fledged viable investment in the minds of many - breathing new life into an industry largely previously dismissed by the traditional finance world.
While notable cryptocurrencies like Bitcoin and Ethereum still often dominate headlines and are the first investment choice for many, massive amounts of people are starting to drift into cryptocurrency investing thanks to smaller coins like Dogecoin, Shiba Inu Coin, and Floki Inu.
Research from summer 2021 revealed how 13% of Americans had bought or traded crypto within the last year. The same survey, published by a University of Chicago research group, found how 24% of Americans had invested in stocks across the same time.
A different survey demonstrated in November, 2021 how due to the surge in attention surrounding crypto, nearly two-thirds of those in Gen Z believed they would become crypto millionaires.
While it can be easy to become enticed by the prospects of immense return on investments, those new to the cryptocurrency industry need to understand their newly-gotten gains can disappear in an instant if they are not careful about properly securing funds. Hackers and thieves are always looking to steal from crypto exchange accounts and digital wallets especially if they get ahold of sensitive information.
Keep reading for seven key tips and tricks for those new to the cryptocurrency world to learn about how to protect bitcoins against theft and hacks
1. Write Down Your Seed Phrase
2. Properly Download A Crypto Wallet
3. Buy Hardware Straight From The Manufacturer
4. Carefully Check The Details
5. Use A Secure Phone And Computer
6. Invest In A Diverse Range Of Crypto Wallets
7. Always Use Secure Internet
The range of apps and crypto-related protocols makes it easy to conduct transactions on the fly. However, investors should be mindful to always securely connect to the internet before trading, buying, or selling coins. Public WiFi is often very insecure. Investors never know who might be watching them transact. It’s smart to also invest in a VPN for additional security. The ability to change IP address and location keeps browsing history away from prying eyes and adds another layer of security.
New crypto investors interested in a secure and safe way to store their private keys, seed phrases, and other passwords can turn to the unique Shieldfolio Stonebook to back up their digital fortunes. The 100% offline notebook boasts durable water and tear-resistant pages to jot down sensitive information.
The Stonebook also features a unique Shieldcrypt paper encryption system for enhanced security and works with any type of ballpoint pen. Stonebook users can pair their stone paper notebook with the Ghost Pen for extra protection. The waterproof invisible ink in the market can only be seen under UV light.