Fast, safe and private. Keeping your crypto safe is important. This video will show you how.

For more information on the question “How can I keep my cryptocurrencies safe?”, Bitcoin technology and cryptocurrency check out the text-version of Bitpanda Academy Lesson 12: [ Ссылка ]

Video Chapters:
00:00 - Intro
00:59 - Be cautious
01:32 - Practice safe cyber habits
02:09 - Keep your software up to date
02:54 - Use an encrypted password manager
03:28 - Activate Two-Factor Authentification
03:54 - Choose a trustworthy platform
04:33 - Avoid single points of failure

#Safecrypto #Crypto #Bitpanda #Bitcoin

▬ Keep your crypto safe ▬▬▬▬▬▬▬▬▬▬▬▬
When it comes to keeping your assets safe, the more security measures you undergo - the safer your assets will be, it’s as simple as that! In this video I’ll be running through 3 of the main steps you can carry out to ensure your assets are kept safe. Plus some extra tip you may not have heard yet.
A key advantage of blockchain technology and cryptocurrencies is that it is really hard to hack or manipulate which is why in previous video’s we’ve covered, hacks and security breaches don’t come from Bitcoin itself, but in the locations where we handle or store them.

▬ Be Cautious ▬▬▬▬▬▬▬▬▬▬▬▬
There is a saying that it is people, humans like you and I, that are the weakest link in computer security. Despite a vast range of security measures available to us, we all have to remain cautious and need to develop a healthy sense of judgement regarding trustworthy sources and tools.
This applies to everything related to the Internet, but is even more important when it comes to cryptocurrencies.

▬ Practice safe cyber habits ▬▬▬▬▬▬▬▬▬▬▬▬
As all of us love a free wi-fi network, it may be tempting to log in wherever we get a chance. However, before you access a network that you are not familiar with, make sure that it is safe. Unsafe and sketchy networks and websites may pose serious risks to any wallet you keep on your phone or computer, and thus to your funds.

▬ Keep your software up to date ▬▬▬▬▬▬▬▬▬▬▬▬
This is a pretty basic and yet important rule to remember: Keep all of your software up-to-date and execute updates as soon as they become available. Malware often exploits weaknesses in older versions of software and operating systems, so it is crucial to be prepared.
We highly recommend you make updating your software a habit.

▬ Activate Two-Factor Authentication (2FA) wherever you can ▬▬▬▬▬▬▬▬▬▬▬▬
Activating 2FA on all relevant services, apps and wallets you are using is a small step that makes a huge difference.
You may be tempted not to use a hardware wallet to store your assets online. As comfortable as it may be, we do not recommend you store digital assets online.

▬ Choose a trustworthy platform to buy or sell cryptocurrencies ▬▬▬▬▬▬▬▬▬▬▬▬
Once you have decided to get into cryptocurrencies, an integral part of getting set up is researching the best platforms online to find out which is the most suitable for you.
You want to look for a platform that operates in a safe and regulated environment with an experienced team. The platform should provide sufficient liquidity, reasonable volumes and employ state-of-the-art technology and safety while offering customers an easy-to-use, intuitive interface.

▬ Avoid single points of failure and diversify risks ▬▬▬▬▬▬▬▬▬▬▬▬
You should also avoid single points of failure and diversify risks
A single point of failure is defined as a component of a system that stops the entire system from working if it fails. This means you should not create one backup but multiple backups for example, on different USB-sticks, multiple wallets and multiple passwords.

▬ About Bitpanda ▬▬▬▬▬▬▬▬▬▬▬▬
Bitpanda is a fintech based in Vienna, Austria and was founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda has 2 million users and more than 400 team members. With a PSD2 payment service provider licence, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. The goal is to tear down the barriers to investing and personal finance through digital assets and blockchain technology like cryptocurrencies, precious metals, fractional stocks and ETFs and to bring traditional financial products into the 21st century

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