Security Tips for Bitcoin Investors

Despite being able to make the money moves easily across the internet, Bitcoin still comes with certain risks. As digital currency, the chance for other people to take your money, violate your privacy or track your spending is always there. Therefore, what you need as Bitcoin investor is to take necessary measures to safeguard your investment. In that matter, we may have the best tips to be applied starting right now.
Use Separate Wallets
You certainly know already that wallets make the best places to keep the Bitcoin. However, you cannot just rely on one wallet to keep all your Bitcoins. Instead, use separate wallets at once. There is no limit for Bitcoin investor in terms of the number of wallets being used. By separating the coins, you actually do very good thing because the saving will be less vulnerable. But make sure to use only the best and most secure wallets.
Don’t Consider Web Wallets
When it comes to Bitcoin wallets, web wallet has been becoming among the considerations. However, considering the recent cases about web wallets being hacked, it is better for you to not consider using web wallets. It doesn’t mean you can use it because it can still be used as current or checking account. But, just don’t use it as forever place to keep the savings. Otherwise, you will only put your saving in risk.
Protect Privacy
Privacy is very important. It’s the main thing you need to protect no matter what happens. Therefore, do not share private keys with somebody else even your girlfriend or boyfriend. Remember, there is always somebody out there who looks for chances to steal your savings. One of the things that increase the risk is when you make regular transactions between saving and spending wallet. Hacker will notice it and find a way to hack your account.
Cold Storage
Keep in mind that you are still vulnerable even if you keep the savings in wallet that is stored on your PC or laptop. What you should know is the wallet apps usually save their data in locations that are mostly predictable. So, it makes them very vulnerable to any attacks. As a solution, you need to keep the private key of your wallet in offline medium which plays as added layer of protection.
Backup
Always consider backing up as an added protection for your account and saving. Backup allows both your private and public key to be saved or stored into a file. Then, the file can be put anywhere including the portable hard drive, optical disk and flash drive.