Trading crypto sometimes feels like running through a minefield. From phishing sites to hackers, the digital finance arena comes with its fair share of threats. Luckily there are plenty of measures you can take to keep your accounts and assets safely tucked into your virtual pocket.
Below are a few surefire ways to boost security on CoinMetro or any other site for that matter. The actual term for these measures is internet hygiene, so here are five steps you can take to keep your crypto trading activities squeaky clean.
Weak passwords are weak because they are easy to crack based on the public information linked to your account or, like all-numeral passwords or phrases like “password123”, can easily be cracked by an algorithm.
If you think this is too obvious a tip to point out, here are the ten most common passwords of 2018 to convince you otherwise:
While most people know that they should create unique passwords excluding public info their names or birthdays, many people do it anyway. When it comes to handling finances and assets, using a weak password compromises their safety. All it takes to fix this is following some simple rules.
Make sure you:
While a secure password will keep most account intruders at bay, 2FA makes this next to impossible by including your device in the security process.
You can set this up using an app like Google Authenticator, which will store private codes or a QR code that you will be prompted to enter or scan when logging. Other 2FA methods include receiving a code via text message, which works in much the same way as the app.
To turn on 2FA in CoinMetro, click the “Security” tab under your Profile icon after logging in. You’ll then be able to choose which functions will require 2FA, we recommend enabling it for all actions including sign-ins.
Always look for the padlock icon when signing in to CoinMetro or any other online accounts or exchanges. This symbol means that the webpage is secured by SSL encryption.
Another important thing to check, especially when accessing crypto wallets like MyEtherWallet (MEW), is if the URL is spelled correctly to avoid phishing scams. Also, keep an eye out for any differences in site layout or design, these can be good indicators that you are about to hand over your login details to a malicious third party.
This is a no-brainer. If you are serious about your cryptocurrency portfolio then you need to have excellent antivirus and anti-malware software in place.
Think of your computer as your bank. You want to have the best possible security system in place, so don’t hold back and sit with a free trial. This is an investment well worth making. After all, a breach in your “bank” means potential access to all your assets, including those on CoinMetro.
Last but certainly not least, you want to make sure that your CoinMetro account is undeniably yours by completing a KYC check. Using your personal details and ID, we’ll be able to better secure your funds and ensure that it is always you accessing them.
In addition to beefier security, completing your KYC check on CoinMetro will also get you a 20 XCM reward. Log into our GO! Platform or sign up to submit your KYC now.