Are you new to the bitcoin world? If yes, you don’t need to worry. Most people delay the investment in bitcoins as they fear that they will be duped. To solve this worry, we have come up with the best ways that can help a person to stay safe and secure if they are using bitcoins. Since bitcoin is a type of digital currency, you have to stay safe when you are using different digital devices to make payment in bitcoins. Bitcoin trading is at its peak, and people are enthusiastic about making an investment in bitcoins. But, you need to be careful about certain points. In this article, we are providing safety tips for mobile users if they are using mobile wallets to make payment in bitcoins.
Follow all these safety tips to keep your mobile wallet safe and secure. If you are looking for additional tips, you can check the platform Bitcoin Formula to get more safety tips about bitcoins.
PIN setup
Although not many people are concerned about pin settings on their mobile phones, if you are using a mobile wallet, this is the most important point that you need to pay attention to. The PIN that you are using for your mobile wallet should not include your name, date of birth, or any other information that can be easily accessed by hackers or spammers. Most mobile PINs are set up by using four or six-digit numbers. Thus, try to choose numbers that are known only to you and not to anyone else. The PIN of your mobile wallet may not be the only safe option to keep your bitcoins safe, but it is one of the most important points that you can’t neglect.
Recovery phrase
If you are using a mobile wallet to store bitcoins, you will be given a recovery phrase that will help you in case you lose your mobile phone, in case it is destroyed, or even stolen. The recovery phrase that you are choosing should be pretty unique, and no one should have complete information about the phrase. Try to remember that recovery phrase, and if you are a forgetful person, try to write it on a piece of paper and store it at a safe, waterproof, and fireproof location. Keeping the recovery phrase safely and securely will help you to recover back your bitcoin wallet no matter if your mobile phone is lost or stolen.
Never store lots of coins
Most people make the common mistake of keeping all their bitcoins in a single place. This is the most foolish decision that you will ever make. No doubt, you can use your physical wallet to store your fiat currency as much as you want, but this is not the case with bitcoins. Try to segregate and keep your bitcoins in different other types of wallets. You can use hardware wallets to store some bitcoins and try to keep some bitcoins in other digital wallets. This way, you will get better levels of safety, and you won’t face the challenge of losing your digital currencies ever.
Use VPN
If you are new to the world of bitcoin sale and purchase, you need to know about a new security feature called VPN. The use of a VPN will help you to maximize the safety and security of your bitcoin wallets. Even if you are using a bitcoin mobile wallet, you must use a VPN connection to get maximum safety and security. The best part about VPN is that it will help you to stay away from all kinds of theft, cyber-attacks, and the attack by hackers and spammers. The use of a VPN connection will also help you to stay away from the prying eyes of your Internet Service provider.
Bitcoins are very valuable to lose, and thus, you need to keep all these security features in mind if you are thinking about making an investment in bitcoins. If you are new to the world of bitcoins and bitcoin investment, all these information and safety tips will be helpful to you at each and every step. Let us know if you want to get additional safety tips. Also, let us know which one of these tips worked best for you.
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