A Guide on How To Protect Yourself from Hackers Hacking Crypto Wallets

A Guide on How To Protect Yourself from Hackers Hacking Crypto Wallets

With the advent of cryptocurrency and blockchain technology, there's an entirely new way for investors to get involved: through digital currency wallets. Let's take a look at what happens when someone tries to hack a crypto wallet and how investors can protect themselves from such attacks.

First lets look at how hackers get into cryptocurrency wallets before discussing how investors can protect themselves. Viruses are able to detect copied cryptocurrency addresses and swap them for wallet addresses belonging to hackers.

Here is how investors can protect their investments: Use a Non-Custodial Wallet When an investors have substantial crypto holdings and are concerned about hacking, it is recommended that they use a non- custodial wallet. Non-custodial wallets give them full control of their crypto wallet keys and are preferred if they don't want third parties to have access to the wallet.

Some hardware wallets have a multi-sig feature for additional protection and utilize multiple keys. Hardware cryptocurrency wallets deliver high-level security through the use of a secure chip and proprietary operating system.

Investors have full control over their private keys. A good hardware wallet allows investors to store 1000s of different cryptocurrencies on one device.

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