![]() ![]() Unfortunately such passwords becomes easy for the hackers to crack. Since many of us tend to forget passwords we set passwords which are easy to remember. However this is not the case with most users. If the password which they set is strong enough then there is less chance of getting hacked. Most people use passwords as the only verification protocol to their online accounts. It’s a must that you add 2FA to your crypto exchange accounts which prevents your account from getting hacked? Wondering how? 2FA is a method of adding extra layer of security to your online accounts. What is 2FA?ĢFA stands for 2 Factor Authentication. Let’s see what is 2 factor authentication and how to setup Google 2FA. Google Two Factor Authenticator is your best friend when it comes to dealing with crypto currency exchanges. Rule no 4: Add additional security like Google Authenticator or Email Verification. Rule no 3: Only store coins in exchanges only when you wish to trade and never keep a large amount of funds in exchanges. ![]() Rule No 2: Use Hardware wallet if not keep your wallet files in cold storage at least. Rule no 1: Never use online wallets, even if you use make sure to check the url before you login (eg: ). So how to keep your crypto currencies safe? There are several rules to protect yourself from hack and keep your Bitcoins safe. If you want a in depth article on crypto currency hacks then check this article. Recently a crypto currency exchange BitGrail claims to lost $170 million to its hackers. NiceHash, a crypto mining marketplace got hacked Bitcoins worth $60 million. The second biggest breach of a Bitcoin exchange platform, Bitfinex lost Bitcoins worth $72 million on August 2016. If you are into crypto frenzy for a long time then you might have heard several hack stories. Also we advise them not to store large amount of funds in crypto currency exchanges and trading websites. ![]() In each and every wallet setup guide we recommend our users not to use online wallets. Here we’ll see what is 2FA and why it’s important? This article is all about setting up Google 2 Factor Authentication which enhances security for your crypto currency exchange accounts. ![]()
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