You need to create a strong password in order to protect your investments, and no password should be the same. You must protect your accounts, wallets and more and we will show you the best way to do that.
Hackers use automatic programs to search a large database of ‘common passwords’ including randomised characters.
How To Create A Strong Password
- You need to make sure that your passwords contain numbers, letters, special characters, capitalisations and ensure that they are extremely long.
- Avoid using things such as: replacing a letter with a look-a-like number, spelling words backwards, or common phrases and sayings. The software that hackers use are designed to look specifically for these common password types.
- There are online password generators which you may be tempted to use to create a strong, and lengthy password, however, we are here to tell you to do no such thing! As we are trying to keep your data as secure as possible, we must advise you of the best practices. Trusting someone else to create your password for you is a risky idea.
You may be familiar with password storing plugins that remember your passwords for you on your electronic devices. These cloud-based password managers are extremely vulnerable to cyberattacks.
You may be thinking “those passwords are protected by a master password” – however, what if someone were to hack the master password? They would gain access to your entire privatised data!
We cannot emphasise enough how important it is to store your sensitive information offline, in a notebook (and a backup notebook) and store it in a safe place.
One good tip for an extra layer of security is answering any security questions in the same format as your passwords. Create strong randomised and lengthy passwords and add that as your security answer as opposed to an actual answer.
Make sure you save this information in your notebooks. See here if you missed our post: How To Buy Cryptocurrencies: Write Everything Down
