Recap on crypto security now, and refer to Part 1 if necessary.
Security for bitcoin is crucial. Your cryptocurrency, whether it be bitcoin or another, has a distinct address, identification, or private key. You must therefore recognize how crucial maintaining its security is. It must be secured as much as possible because if you lose it, it is difficult to get it back.
Since security must be of the utmost importance and should not be taken lightly, I must emphasize this clearly.
Numerous accounts exist of people who accidentally or maliciously lost access to their computers and were ultimately unable to retrieve their bitcoin or other cryptocurrencies. This has to be the equivalent of being careless while out and exposing your wallet to pickpockets.
Thankfully, there is a way to protect your assets twice as well. With the help of a secure hardware wallet, you can be sure that your bitcoin, ethereum, litecoin, etc. will be recoverable even if you unluckily lose access to your computer, tablet, etc.
Since a hardware wallet is essentially a USB connection you use to secure your transactions to, you can recover your cryptocurrency on any other computer using one.
a secondary layer of protection.
The first hardware wallet was the Trezor, which is simple to set up and provides your bitcoin security. Although there are other products out there, I’ve chosen to focus mostly on the Trezor hardware wallet in the following paragraphs.
The zero trust guiding principle is at the heart of Trezor’s bitcoin security.
You can independently verify and physically confirm each transaction on your device using the Trezor screen.
Additionally, each time you log in, a pin is required from you. ensuring that you are present at all times.
The wallet is a standalone device with no additional features.
Simple equals more security.
The risk of malware or viruses does not apply to Trezor at all. Trezor can communicate with a limited number of devices, i.e. there is no The more straightforward the communication protocol, whether it be Bluetooth, wifi, or QR code scanning, the more secure your bitcoin is.
Trezor lacks a battery as well. Your coins are secure from any cyberattack when it is unplugged and off.
I think I did a good job of emphasizing how important bitcoin security is. The two main problems are concrete security and zero trust. Make sure your backup procedure is also just as secure, i.e. if necessary ensure your details are accessible to someone you trust explicitly.