Thursday, January 2, 2014

Security Guidelines for Bitcoin

Last week we told how to steal Bitcoin in three steps. This post is to give you a simple straight-forward guide into Bitcoin security. Here're eight tips to help you manage them properly. It’s a good idea how to create a secure savings account for you to deposit your hard-earned coins in.

1.Keeping all of your Bitcoins in one web wallet is never a good thing.

2.Don’t put amounts of Bitcoins on the trading platform.

3.Personalizing or extending the password can make it pretty strong.

4.Don’t use the same username and password across multiple web sites.

5.It’s really worth purchasing 1Password to manage your passwords.

6.Be sure to set up two-factor authentication while using the popular Bitcoin wallet service.

7.Be far away from Win which has been the primary target for hackers and do it on Linux.

8.Even if encrypted, wallet files must not be stored in any kind of cloud storage as Dropbox, Google Drive, etc.