When you start using the Bitcoin or cryptocurrency, it is important that you also take care of the account safely. A lot of people become extremely casual and end up sharing their private key details with their close ones.
You must always remember that it is on your Bitcoin account you would have all the details related to your money transactions and sharing them even with the closest person of your life is certainly not recommended because it has to be kept confidential.
Also, if those people end up changing the password and might forget giving it to you, accessing the Bitcoin account can become difficult. This is yet another reason as to why you are not supposed to share your Bitcoin account details with anybody because it is not ethical to do it according to the terms and conditions.
In case, if the person that has access to all your account details and password ends up misusing your account, you will not be in a position to claim anything as it is not you who has accessed the account. The blockchain technology company would have all the rights and authority to terminate your account in case of such fraudulent issues.
Through this article, we have given you some easy steps to keep your Bitcoin account safe. Visit the bitcoin trading system to know all these things as it becomes easier for you to understand how to protect your account from both the known people and hackers.
- Never write down your password.
The first and the foremost step that you need to follow to keep your account safe is not to write down your password anywhere. Some people have a habit of writing down the passwords either in the journals or the personal diaries.
In today’s world, a lot of people have started maintaining password details on mobile phones. It would help if you were cognizant about the seriousness of the private key that has been given to you by the blockchain ledger.
Once if you lose it you would never be able to access your account, and thus, you mustn’t forget or write them down in places where it is easily accessible to others. In both the scenarios mentioned above, people would be able to access the details easily, and that can make your account vulnerable.
- Never make your password too weak.
Remembering the password that is related to your name or your date of birth is simple. It becomes easy for you to access and control your account every time with this password as they are personally related to you.
At the same time, you are allowing a hackle to find out all the information related to your account easily. Hackers do have their systems and applications to see the password and access the account.
The first and foremost guesses that a hacker does to steal the password are by using your easily available personal information. Hence, it is mandatory not to mention your name or your phone numbers or any other contact info related details like a password.
- Don’t make your password too short.
Of course, blockchain technology has its criteria to create a password when you are creating your Bitcoin account. However, even though you are satisfying the criteria of using special characters along with the alphanumeric codes, it is always recommended to have longer passwords as it makes it difficult for hackers to steal them.
- Keep changing the passwords often.
This is yet another important step that you must remember to take when you have an account on the blockchain. It becomes essential to keep a tab on the password and change them frequently, and this would again help you to keep your account safe from the hands of hackers.
- Clear the history
Every time you log into your Bitcoin account through a computer, it is mandatory that you log off from the system and the account. Never leave the system unattended and do not forget to clear the history on the browser to keep it safe from others.
These are some of the most important steps that you need to take to keep your Bitcoin account safe at all times.