Digital wallets are vulnerable, not because of the blockchain but because of the provider. When you sign up to use a wallet you give tons of information about yourself as a user, and this data is stored at a provider level. This is why it’s relatively easy to hack a wallet provider. Whether they access it through web activity, keystrokes or browsing, all these information are really easy to track. This is why you need to know a few things in order to improve your wallet safety and to increase the protection of your private keys.
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Secure The Wallet
The best option is that you find a better wallet provider that offers high-security measures. For example, there are companies that offer encryption for protection of the private keys. There are companies that offer a package code that encrypts the entire data on the wallet and makes it nearly impossible to be hacked from the inside.
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Keep Your Funds Separated
It is best to have more than one digital wallet. One should be used for trading and the other for storing your savings. Make sure you also have a backup of the private keys kept offline. Also, keep the private keys separate and store them in different places.
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Wi-Fi Warning
Don’t go online with a device that has a wallet on it on a random insecure network connection. There are many malicious websites and wi-fi networks that collect all of your data. Also, don’t share your device with anyone.
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