Skip to main content

Secure Your Identity To Ward Off Bitcoin Fraud

 Are you aiming to ride onto the Bitcoin boat? If yes, then security must be the first and pivotal point that must be bothering you. 


Even though Bitcoin is a secured cryptocurrency, still, one must not take it so easy, as there are clever minds that know the tricks of hacking. 


It all happens when your BTC identity is stolen. The bad character plays a smart game in using your identity by tracking down the password. 


And hence, he gets success in hacking your computing tool. If you want to secure your identity from such hacking practices, then better follow these tips.


Don’t Give Your Private Keys


People often make big blunders when they give up their private keys. It is a lesson for you not to make such a mistake. 


By doing it, you are inviting cybercriminals to hack your email and phone. Your computer is also at risk if they get a chance to access your private keys. 


Update Your Operating System


The best way to avoid Bitcoin fraud is to secure your devices with robust software that ensures security. 


And the most important thing is that your operating system should be updated. Either jolt it down in a piece of paper or save it in a pen drive. 


Other Tips For Securing


The other methods include VPN use for transactions. And avoid using a single wallet for all digital currencies. Have alternatives.


Stay abreast with Bitcoin news today on Cryptoknowmics for all the latest BTC updates. 




Cryptoknowmics

Comments

Popular posts from this blog

Is celebrity support an added advantage to cryptocurrency growth?

  Celebrities are prominent figures in society. We admire them for their looks and get influenced by whatever brand they endorse. So can we say that their support for cryptocurrency is an added advantage? Well, up to an extent yes. Since they are public figures and rule the hearts of their fans, this indeed can be an added advantage in the growth of cryptocurrency.  But it is not completely true. The cryptocurrency rose to fame because of the unique features and advantages they provide to their users. First of all, they allow users to have the ownership of tier money which is not in the case of government-issued currencies. If you look at the whitepaper of Bitcoin framed by its founder Satoshi Nakamoto, then you will find that it restricts the interference of third parties and central authorities like banks and the government.  Cryptocurrency is now considered an investment asset by most crypto enthusiasts. Many people have become richer by it. Akshay Haldipur from India ...

Bitcoin Mining Pools See Huge Shuffle in Prior To Bitcoin Halving

Chinese Bitcoin mining giants, Poolin and f2pool have witnessed substantial growth in their daily BTC block reward in January 2020. The dominating mining pool, BTC.com has dropped in the reward earning. This is how the tables are turning, prior to the highly-anticipated third halving. In the last couple o f weeks, Bitcoin has gone through some wholesale changes in its mainstay metrics. Take into consideration the example of the Bitcoin hash rate, which recorded its new all-time high just recently , has now entered a declining phase. The dominance, which usually hovers around 70 %, has now fallen close to the 60% mark. A pivotal part would be played by these elements on the price prior to the Bitcoin halving. F2pool is recording the highest BTC block reward earnings when it comes to the known mining pools . Elias Simos, a senior research analyst at Decentral Park, tweeted : Elias Simos @eliasimos A lot of reshuffling in the $ BTC mining game sin...

Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

A Canadian Investment f irm 3iQ filed a prospectus for Bitcoin Funds with hopes to attract retail investors with a regulated digital asset fund. T he firm announced that it had filed a preliminary prospectus for a close-end Bitcoin fund; that it anticipates to unveil through the Toronto Stock Exchange later in the year . Fred Pye, the Chief Executive of the firm wrote :  : “We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fin-tech space, will join the syndicate group.” The Canadian investment funds manager revealed that they filed the Bitcoin fund prospectus regards to an Initial Public offering of both Class A and Class F units each at $10. Pye, a former senior vice president of Fidelity Investments -Canada; highlighted that retail investors have been s...