As we all know that crypto currency has become a vital part of our routinely matters and just like traditional money, we can buy anything with it; ranging from buying a pizza to buying real estate with cryptocurrency. A decade after the launch of these dynamic digital assets, the world of crypto witnessed some break-through inventions that share the common goal of simplifying and streamlining complex tasks.

For the purpose of crypto currency’s storage, crypto wallets came into being and there is a whole blog on crypto currency wallets (insert the blog link here) – its types, pros and cons so that you can select the one that suits your needs in the best way possible. Needless to say that the last year was unpredictable and shocking in every sense with Coronavirus and its drastic impacts globally. Similarly, the year of 2021 also has a package of challenges and surprises that we won’t like along with a package of optimistic and good news.

Therefore, this blog will provide you some powerful tips on enhancing your crypto wallet’s security in 2021. As crypto currency is primly stored in a crypto wallet, its types differ and henceforth, the sets of services that these wallets provide differ as a result too. A general distinction of cryptocurrency wallets is dividing them into hot and cold wallets.

A hot wallet is connected to the internet, with your keys stored online in some software (most probably) and can be accessed anytime. A cold wallet does not have an internet connection and allows you to store your funds and keys offline.  Having said that let us move on to the seven powerful tips of ensuring and enhancing safety of your Cryprtocurrency wallets in 2021.

7 Powerful tips how to ensure safety of your cryptocurrency wallets in 2021

1. Beware of Bogus Sites

The first and most powerful tip to ensure and enhance security of your cryptocurrency wallet in 2021 is to be aware of what is happening in the crypto world. With positive aspects, there are negative aspects too in the package and to be careful of your each step will ensure safety for you in general. Bogus and scam sites are countess in number out there. Therefore, always log in to the right address in terms of connecting to your online wallet or connecting to an exchange. This requires your attention as many scam websites copy the layout and design of an exchange just to steal your login information. So, always be careful about that.

2. HTTPS

Hyper Text Transfer protocol is a vital component of the computational world in establishing a connection with a server and send HTML pages back to the user’s browser. To ensure a site’s authenticity and security, websites come with an HTTPS certificate. So to ensure and enhance safety of your crypto currency wallets, always log in to legit sites having the HTTPS certificate.  As an alternative, many other sites come up with plugins like, “HTTPS Everywhere” that proves their legitimacy.

3. Secure Wi-Fi Connection

Using a secure Wi-Fi connection is vital in maintaining your crypto wallet’s safety and even enhancing it with time. Wi-Fi is perhaps the most important commodity of present times after Gold and Money but it has numerous security issues. For instance, public Wi-Fi spots are not secure and you must never connect your cryptocurrency wallets, exchange accounts or any other important account to an unsecure Wi-Fi connection. By doing so, your digital assets remain safe from malware and hacks. Therefore, always use a secure Wi-Fi connection for connecting to your crypto wallets or for other transactional purposes as this will ensure and enhance the safety of your crypto wallets.

4. Use a mixture of hot and cold wallets

Using a mixture of hot and cold wallets is a technique that is used by many experienced cryptocurrency investors and users. Keeping your funds separately in hot and cold wallets prevent your crypto currency wallets from hacks, malware, virus, fraud and other problematic situations. You can use a cold wallet for long-term holdings and a hot wallet mainly for trading and transactions. By doing this you can ensure and enhance safety of your cryptocurrency by manifolds.

5. Two-factor authentication

For those who don’t know, two-factor authentication is an additional security layer to your password. When you make your crypto account you are provided with a two-factor authentication code that is used in some certain apps and for transactional purposes. Therefore, always use software or hardware for crypto-processes that have a 2FA code rather than using normal software programs which do not have this facility. Seeking extra care in terms of opting for 2FA codes will ensure and enhance safety of your cryptocurrency wallets by leaps and bounds.

6. Use a single IP address

IP address is an internet protocol address consisting of numerical labels that is assigned to each device in connection with a computer network and uses Internet Protocol for communication. Using differentIP addresses might put your crypto wallet’s security at risk because the communication is actually decoded in numerical labels and therefore, a constant and static internet communication will prevent your wallet from getting hacked or in contact with any malware. Also, make sure that only you can access your accounts and funds. Using a single IP address is a one step forward in ensuring and enhancing your crypto wallet’s safety in 2021.

7. Use Security Measures that you can control

The last point in this regard is to have complete control on all the security measures that you set up for your crypto wallets. Most people tend to go on great lengths to secure their cryptocurrency wallets and in doing so; they lose the access to their prime assets like account, funds and private keys. Therefore, always opt for security measures that you can easily control and monitor. Never overcomplicate your safety procedures because you will lose your crypto assets eventually in doing so.

Being aware and acting thoughtfully and carefully, is what remains the best point to ensure and enhance safety of your crypto currency wallets in 2021.