As we know, there had been many stolen cases of bitcoin and cryptocurrency assets on exchangers. 2014m Mtgox robbery was about 460 Million USD, Coicheck with NEM asset lost about 500 Million USD, BINANCE 2019 about 40 million USD. There were many bad stories from exchangers of loosing money by hackers. The question is if cryptocurrency is secured why hackers can stole large amount of money in cryptocurrency?
Security issues still become a nightmare for new users in cryptocurrency. Ransomeware that asks for bitcoin payment for decrypted data from companies add the fear. Is this true t that cryptocurrency hackable? As I know ,that blockchain or public LEDGER are secured system that is unstealable. How hackers stole the money? They attack and break the security of phones, IP address, email and other privacies on the internet. Cryptocurrency is created to keep privacy with psoudonomous and anonymous accounts. However, the government asked for data submition to do some online activities like shopping, exchanging and other services with KYC. The key is KYC. Cryptocurrency is not KYC. Cryptocurrency is created to avoid KYC, so what for is KYC? KYC is for government to track financial and online activities of citizens. KYC is not the philosophy of cryptocurrency.
How to secure your crypto asset?
1. Avoid KYC. It is your own risk if you submit your identity to exchangers because your email, phone and even your ID card number can be stolen by hackers in exchangers. What for you have a crypto asset if you submit your KYC for many exchangers?
2. Secure Your Private Key or Seed
As long as you keep your PV key or seed in cold wallet or paper, it will be safe. No one can access your cryptocurrency asset.
3. Be careful with free offer in email and spam box.
There are many offer of getting free coins or crypto in email, that may contains phising link so becareful, never click link from untrusted email addresses.
4. Secure your browser
To do activities online you should secure your browser or choose BAT browser. BAT browser I think one of the best browser for cryptocurrency users. Cache of your activities can be tracked by hackers.
5. Never download free gift or softwares from untrusted or unknown publishers.
Downloading a software, game , picture or file from untrusted website will give your pc in risk of injected by malwares that are able to steal your data or lock your PC and ask for ransom in crypto payment.
Last words
KYC is not compliant to cryptocurrency philosophy. To secure your wallet, you should keep your private key and seed in safe place. Don't worry about your asset as long as you never share your PV key and seed. Clean your PC from malicious malwares that are possible to be robber of your cryptocurrency assets.
