Before Buying Cryptocurrency: Part Three - Making Long, Complex Passwords

 Aug 26, 2020  |    ? Comments

Welcome back to the PlayNANO blog, where we give you all the information you could need in your journey into the cryptocurrency world. This is a continuation of the series on things to remember before you start investing. In the last part, we talked about storing your credentials safely. Let’s now talk about creating those credentials.

Security is Always a Priority

You are going to need to make a variety of complex passwords when setting up your cryptocurrency asset records, wallets, and the sky's the limit from there. These passwords should be extremely strong and difficult to guess or break into. So in this part of the guide to buying crypto, we're going to impart a few hints to you on the best way to make secure passwords.

Malicious attackers are not lounging around on networks attempting to figure your passwords. They use programs that consecutively go through gigantic databases of the most used passwords and arbitrary mixes of characters in passwords.

Some tips to shield yourself from this:

  • You have to make long passwords containing irregular numbers, letters, upper casing, and uncommon characters. Try not to make use of basic expressions, popular film lines, or anything easy to guess from a common-sense standpoint.
  • Try not to exchange letters with numbers that seem to be similar, for example, using the number 1 for an I, or the number 3 for an E.
  • Don't just spell words or sentences in reverse, since that is likewise a fairly normal trick.
  • Password cracking programs look for those regular propensities when trying to hack into passwords.
  • Additionally, here and there individuals set up sites that help arbitrarily create passwords for you. These may not be secure enough, or may even be scams.
  • Try not to utilize an online webpage that produces a secret key for you since you can't be sure whether the website is subtly putting away the secret word that it created for you to use sometime in the future to track you. This creates vulnerability.
  • As a rule of thumb, all things considered, you should make uncommon, unique, and irregular passwords for every single record. Never utilize a similar phrase on more than one site to build security.
  • Ensure you never store passwords for crypto money accounts on a password manager. Cloud-based password vaults like LastPass and 1Password are powerless against attacks made on the cloud itself. Even though those records are encoded, on the off chance that your main account is hacked, at that point you may be left defenseless.
  • That is the reason we suggest ONLY putting away your passwords in your paper journals.
  • Keep in mind, never depend on one single code to maximize your security.

Maintaining Strong Defences

You are your own bank, and so you need to make sure that you have more than one line of resistance against external attacks against your assets.

If any records require a security question, deal with the appropriate responses like your passwords, i.e. make phony, long, complex responses to security questions. It's easy for most hackers to discover your mom's original last name and where you went to secondary school on sites like Facebook and other social media, so remember that. Store the phony responses to security questions in your paper notepads, along with everything else. This creates a centralized base for all your info, and the redundancies maintain security too.

This was part three of the guide on things to keep in mind before investing in cryptocurrency. Stay tuned for the next steps! We would also recommend reading up about what cryptocurrency is, what blockchain is, and how to look for the most trusted exchanges in the meantime.