How can I keep my Bitcoin more secure?

Note: Bitcoin involves no financial third parties (like banks), meaning you’re in charge of your own cryptocurrency—including its security.

How can I keep my Bitcoin more secure?

Storage

  • Using third-party wallets where they control the access to your coins (e.g. your account on a cryptocurrency exchange) is not a secure way to store your coins because places like exchanges are targeted by hackers.
  • Instead, store your coins in a wallet that only you have access to (referred to as non-custodial), such as ours. This puts the control in your hands, not someone else's.
  • Consider a hardware wallet if you’d prefer a physically safe place to store your coins. Since they’re not connected to the internet, they can offer greater security.

Backups

  • When you set up a wallet to send and receive Bitcoin, you’ll be prompted to back it up.
  • Your backup lets you regain access to the Bitcoin you own in the event that the device holding your wallet is lost, stolen, or breaks.
  • This simply involves recording a unique series of words called a recovery seed. Rather than recording this on paper, we recommend a more durable material such as metal.

Best practice

  • Never share your wallet recovery seed or passwords to your cryptocurrency exchange with anyone as these could be used to steal your coins.
  • When using a cryptocurrency exchange, choose a unique password that you change regularly and always make use of two-factor authentication for added security.
  • Ignore any unexpected emails from cryptocurrency exchanges or trading platforms as these could be a phishing scam. Instead, visit the site directly in your browser.

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