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How to protect your cryptocurrency from hackers

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There are thousands of ways hackers can access and clean your account if they so decide, There are ways to combat these types of hackers.

Cryptocurrencies may be one of the best things that happened in the 21st century, bot for those that suffered from hack attacks and lost all of their tokens, it may as well be a curse. You see, the tokens are a digital asset by nature, they completely reside on a single network. If that network is hacked then pretty much the whole system is in danger. Thankfully most of the platforms are improving their security measures as illustrated in this WCX review, but I think it never hurts to be extra prepared for a dark day. So, how can you protect your tokens?

 

The steps shown here are actually very simple. Therefore you may be quite shocked at how easy it is to secure your assets. It’s really heartbreaking to see all of your hard earned tokens just disappear like that even when you are sure that you have them secured with the platforms precautions. But, unfortunately, there are thousands of ways hackers can access and clean your account if they so decide, even miners aren’t safe.

 

One of the most dangerous ways hackers can affect your financial life is by accessing your SIM card. Through that they will be able to pretty much take your identity, access your bank and cryptocurrency accounts, have them blocked because of suspicious activity and most importantly, send out false messages to your family and loved ones, asking for money on a separate account. Luckily for you, there are ways to combat these types of hackers.

 

Avoid Gmail account sync

Make sure that you remove any type of phone number forms your Gmail account. The reason is that the hackers can request a password restoration through the number and easily access the account. After the access, they can find important financial emails containing login information or some kind of documentation.

You’re potentially making it hell for the hackers to find a way to access the account, which is already a good start as it won’t be as easy anymore, and they may give up in the process.

But after removing the phone number, there will be a need to use something else for identification. In this case, it’s best to have a separate number. Get a very old phone, for like $30 in a market. The phone must not be able to connect to the internet, it will only be your tool for authentification and identity checks. Or you can use Google Voice service, that helps with redirecting calls.

 

Disable password autofill

It is always a bad idea to save a password on one of your financial or Gmail accounts. Since the hackers are able to access your device’s memory, they will be able to log in without even having to run a program in order to find a password. The best thing to do in this case is to save your passwords in a hand-written manner. Something very far away from the digital world.

 

Replace the double factor authentication system with a hardware key

The hardware key is quite an easy tool to use. It is used in order to avoid SMS check and is a bit more on the safe side. I recommend you get two keys actually. 1 main one as a daily driver and a second one just in case. If your main key gets compromised or you lose it, you can just quickly switch to the reserve and disable the main one.

 

Go for hardware wallets

I think it’s safe to say that hardware wallets are a lot harder to hack into, virtually impossible actually. At this moment there are only a few ones that are worthwhile, Trezon and Ledger. The hardware wallet is kept in a lot safer position compared to an online cryptocurrency exchange account. But make sure to utilize it even though it may bring a little bit of inconvenience, it’s still for your own safety.

The hardware wallet works by using your closed key. This is an amazing option as it ensured the fact that nobody will get their hand on it besides you. A reserve key is best to be printed out and saved in a spot where it can’t get damaged by either the sun or water. You can still use cryptocurrency exchange wallets as a means of quickly saving your purchase, but make sure to then transfer those assets over to the hardware wallet. Stay safe!

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4 Comments

4 Comments

  1. Pingback: How to protect your cryptocurrency from hackers - Satoshiuncle

  2. Pingback: How to protect your cryptocurrency from hackers – BTC.com.ph News

  3. Pingback: How to protect your cryptocurrency from hackers – btcinfo

  4. Roy

    January 17, 2019 at 2:06 pm

    Thanks author for this is great piece of information. 2018 was a very challenging year for me and my family, my business took a hit due to an illness that almost took my life. All thanks to this genius Chinese hacker, ([email protected]) for helping me out by mining 12.5 bitcoin for me after i paid him a little token and my story changed that night after making over $57,000 off the sales. I found him on Google where everyone was talking about his great skills, to be honest words can barely describe the type of joy my heart is filled with. I will recommend him if you need help retrieving your hacked crypto wallet or any help on bitcoin mining. Get to him at his email address above This is not a paid post or sponsored advert

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#Bitcoin Price Analysis

BTC to USD, 19th May: Bitcoin Price Analysis, $6000 or $9000?

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Bitcoin price started to recover massively after crashing down to around $6600 level. BTC is currently trading in a positive momentum.

Technical Indicators:

Support Levels: $7500, $7000, $6600

Resistance Levels: $8000, $8200, $8300, $8500

Key Points:

  • Bitcoin price started to recover massively after moving above $6800 level.
  • The bulls pushed the price back above $7000 and even $7500 resistance level.
  • Bitcoin price was also able to break above the bearish pattern line which was being formed on the hourly chart with resistance around $7300.
  • Currently, BTC seems to be eyeing towards $8000 resistance level.

 

Bitcoin Price Analysis:

SUMMARY: Bitcoin price started to recover massively after crashing down to around $6600 level. BTC is currently trading in a positive momentum and might soon test $8000 resistance level to move towards $8500 and even $9000 levels if it remains above $7200 and $7000 support levels.

Bitcoin price gained bullish momentum last week and broke above $7000 resistance level. The buyers were also able to push the price above $7200, $7500 and $7800 resistance level. BTC even moved over the $8000 level to record a new yearly high at around 8360. However, bitcoin price started to correct downwards later on and fell below $8000 level. The selling pressure increased massively and BTC also broke below $7000 support level which turned the overall momentum into negative. However, Bitcoin price found decent support around $6650 level where buyers were able to stop further losses.

Bitcoin price soon started to recover back upwards and broke above the resistance formed around $7000. BTC was also able to break through $7200 resistance level as well as the bearish pattern line that was being formed on the hourly chart with resistance around $7300. Bitcoin price also moved above $7500 resistance level and is currently trading well above this range.

With BTC currently trading around $7800, the overall momentum seems positive and Bitcoin price might soon test the $8000 resistance zone above which it might test the $8200, $8300 and $8500 levels. However, if bitcoin price started to correct downwards again, it is very essential for BTC to maintain its position above $7000 to remain bullish. If BTC falls below $7000 and $6600 support level, it might turn towards $6000 and even $5500 level in the short term.

BTC to USD Price Chart 19th May

BTC to USD Price Chart 19th May

The chart shows that bitcoin price was able to recover nicely after falling towards $6650 level. The overall momentum seems bullish and BTC might test $8000 level to move towards $8200, $8300 and $8500 resistance levels. On the downside, BTC is currently supported at $7500, $7000 and $6600 level below which the momentum might turn bearish.

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#Bitcoin Price Analysis

BTC to USD, 15th May: Bitcoin Price Analysis, $8500 or $7000?

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Technical Indicators:

Support Level: $7600, $7500, $7200

Resistance Level: $8100, $8350

 

Key Points:

  • Bitcoin price started to correct downwards sharply after rising up to around $8350.
  • The sellers pushed the price below $8000 and BTC tested the $7600 support level.
  • A bearish pattern is being formed on the hourly chart with resistance around $8100 which might push the price back downwards.
  • Bitcoin price might test the $7600, $7500 and even $7200 support levels before it starts a fresh upside move.

 

Bitcoin Price Analysis:

SUMMARY: Bitcoin price started to correct downwards and fell below $8000. BTC is currently supported at $7600 and $7500 and might soon test the $8100 and $8350 resistance levels again.

 

Bitcoin price broke above the $8000 resistance level yesterday with bullish momentum. The buyers even pushed the price above $8100 and $8300 resistance levels, however, there were a lot of sellers placed around $8350 resistance level and thus after reaching up to $8340, bitcoin price started to correct downwards. During the downward correction, BTC delined below $8200 and $8000 support levels.

 

As the price declined below $8000, the selling pressure increased and the bitcoin price was pushed back to the $7600 support level. BTC reached up to $7631 before the buyers were able to control the situation and stop further losses. Currently, Bitcoin is trading well above $8000 and trying to move towards $8100 level. Also, there is a bearish pattern being formed on the hourly chart with the resistance at $8100 which might push the price back downwards. Thus, it is very essential for bitcoin price to break above this level in the short term to stay bullish.

 

The current resistance lies around $8100 above which BTC might test the $8350 resistance level again. A close above this range would take bitcoin to the $8500 and $8700 levels. However, if BTC falls below the $7600 support level, it might fall back towards $7200 and even $7000 level below which the momentum might turn bearish.

 

BTC to USD Price Chart 15th May

BTC to USD Price Chart 15th May

The chart shows that the bitcoin price is currently trading above $8000 and trying move towards $8100 level. Most likely, bitcoin price might fall down towards the $7600 support level again before starting a fresh upward move. As long as bitcoin remains above $7600 level, it will stay in an uptrend and might soon test $8350 and $8500 resistance levels.

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#Bitcoin

Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto?

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A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto.Here is what they revelead.

The identity of Satoshi Nakamoto is one of the biggest secrets in the world, especially in the cryptocurrency industry. A lot of people have speculated the real identity of the bitcoin founder and some people such as Craig Wright has even self-proclaimed themselves to be Satoshi Nakamoto. A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto.

 

Where in the world is Satoshi: The Countdown ends

The website ran a countdown and also posted on their official twitter account claiming to know the real identity of the founder of bitcoin.

 

The countdown which ended just a few minutes back (from the time of publication) revealed a video which is actually marketing a news website called PaiNews. It seems that it was just another joke or a method of fooling and attracting traffic to the website.

 

What are your thoughts on such lame jokes or methods of attracting traffic? Tell us in the comments section below.

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