Crypto Warrior signals

Use a secure email provider. Gmail is pretty good, although it does not have built-in encryption. You should use PGP on top of it if you can manage it. If you don’t want to deal with PGP, Protonmail seems to be popular these days.

Don’t use emails that only provide non-encrypted access. I am surprised some email services in China still don’t offer secure options. Don't use them.

Again, enable 2FA for your email account(s), and don’t give your password to anyone.

Secure Your Phone

You need to protect your phone. It probably has full access to your email, the Binance App and your 2FA codes. Do not jailbreak your phone. Default phone OS has some security measures built-in. You don’t want to break that. Enable fingerprint and passcode lock. If you use iPhone, enable erase-phone from your Apple account, in case if you lose the phone. If you use Android, don’t store sensitive info on SD cards. Again, don't share your phone passcodes with anyone, including your kids and spouse. How you manage that is your issue, I won't get into that either. :)

Secure Your Computer

Don’t install too much software on your computer. Antivirus software is not 100% bulletproof. For a hacker, nothing beats the convenience of a trojan horse on your computer calling home to his master. For you, it’s one of the worst scenarios.

Be careful about browser plugins as well. Only install the well-known ones. Don’t install anything that’s new on the market. There have been many cases of plugins stealing passwords, private keys, or replacing the receiving address for the crypto transaction you are about to send.

I recommend using a dedicated computer, install Linux on it, the Chrome browser, a password manager plugin, and nothing else. Be sure to turn on the encrypt entire disk option during install, and turn on the firewall right afterwards. "sudo ufw enable" on Ubuntu should do the trick for most people. Use this computer for crypto trading. And that’s it. You probably could use this computer for hot wallets as well, if your crypto funds are not too large. This computer still does not meet "cold storage" requirements, though. So don't store too many coins on this computer. Cold storage requires higher security and is a different long topic.

If you have to use Mac or Windows, that’s ok too. Just follow the same rough guidelines, and don’t install too much stuff on it. I haven't used Windows for a few years now, and don't know it in detail anymore.

WiFi

WiFi is a security weak point. There are just too many variables. Older routers use weak encryption methods that are no longer secure. Many have default admin passwords that are extremely easy to guess. WiFi password is often shared with guests, and if one person has a password sharing app on their phone, then there could be millions of people having access to your wifi, including a hacker sitting outside of your window sniffing all your traffic. The list is endless. I recommend always using a wired connection if possible. If you have to use a WiFi, especially an open one like in Starbucks, route all your traffic through a VPN.

Lastly, security is a cat-and-mouse game. You have to continuously upgrade your defensives to stay secure. There is also no 100% security. If Earth gets destroyed by a comet, the above measures may not be sufficient to save your account. This is by no means a complete or exhaustive list. But if you do all of the above, your Binance trading account should be relatively secure.

If you think this article helps, please help spread the word. The more people become security conscious, the safer our community will be.

Happy trading!

144 viewsCryptolover, 18:22

March 17, 2018