16.7 billion reasons to be careful with your crypto

We’ve all heard the horror stories of people having their crypto wallets hacked and all of their coins stolen, but a new report has shed light on the true extent of crypto theft over the years. The crystal blockchain study revealed that over $16.7 billion worth of cryptocurrency had been stolen since 2011. Yep, you read that right — $16.7 billion.

The massive figure highlights just how serious the problem of crypto security is. No one wants to experience the heartache of all their hard-earned crypto being lost forever, so it’s more important than ever to be aware of it and take the necessary steps to protect yourself. Luckily, we’ve got some tips for you to follow in order to help ensure the safety of your coins.

6 tips for keeping your crypto safe

  • Use a secure wallet: always use the latest version of a trustworthy wallet, like Trezor or Ledger.

  • Enable two-factor authentication: set up two-factor authentication wherever possible, like Coinbase and Bittrex.

  • Avoid shady websites: be extra careful when you’re dealing with websites that you don’t know or trust.

  • Use strong passwords: make sure your passwords are strong and unique so that hackers can’t crack them easily.

  • Write down your wallet keys: store your wallet keys in a secure place and make sure they’re backed up.

  • Stay informed: read the latest news and security reports so that you know what threats are out there.

Crypto safety 101

All of this might sound overwhelming, but it doesn’t have to be. If you’re new to the world of crypto, then the most important thing is to be aware of the risks and take the necessary steps to protect yourself. After all, there’s no use in crying over spilt crypto. So, be smart, be secure, and keep your coins safe!