The importance of maintaining the security of bitcoin wallets and cryptocurrency

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Seeing the phenomenon of developing virtual currencies called Bitcoin and other cryptocurrency alternatives, I see it is very important to immediately convey preventive steps so that friends can secure the bitcoin and cryptocurrency that you have from the interference and threats of cybercriminals.

I began this article with the fact that more than 30,000 ethereum users were victims of cyber crime, if on average each person suffered a loss of Rp. 105,000,000 (one hundred and five million Rupiah) or around $ 7500 USD (seven thousand five hundred US Dollars). Along with this, the surge in crime and cyber crime occurred along with the surge in the activities of the ICO (Initial Coin Offering), which was so extraordinary that it was able to raise funds of 1.6 billion US dollars in 2017.

Chainanalys, a platform that takes the role of analyzing every event in the Blockchain world, says that there are 1 in 10 possibilities for Cryptocurrency users to become victims of these hackers.

Therefore, pay close attention, before knowing the preventive steps, it's best to paralocho learn first the techniques of the hackers in doing the action, because there is a saying, to defeat criminals, think like them first.

There are 3 biggest crime categories in the world of cryptocurrency as follows:

Error Code

Phishing scheme

Wallet Management




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Maintaining the security of Bitcoin wallets and other cryptocurrency holdings is crucial in cryptocurrency trading. Bitcoin and other cryptocurrencies are vulnerable to hacking, fraud, and other security threats, and the loss of private keys or passwords can result in permanent loss of funds. Traders should use secure and reputable wallets, and implement proper security measures such as two-factor authentication and regular backups. Additionally, traders should exercise caution when sharing personal information or engaging in online transactions, as phishing and other social engineering attacks are common in the cryptocurrency market. Proper security measures can help protect against potential losses and ensure the long-term viability of cryptocurrency investments.