How to Keep Your Crypto Safe? Here's a Tips Guide

The popularity of digital currencies attracts hackers, but by observing basic rules it is possible to avoid having your crypto assets stolen.

In the month of January alone, there is a series of hacks of crypto firms, one of the most striking of which is the theft of digital currencies worth more than $35 million from Crypto.com, a platform where you can buy and sell bitcoin and others cryptocurrencies.

The most exposed thing is your wallet address because that wallet address is known to everyone and can be queried by anyone. And your wallet is essentially your key into the blockchain. Any of the transactions that are associated with that wallet can be viewed by anyone. You can actually go into the transaction and see exactly what was sent, where it was sent within just a few clicks.

"Most crypto users must realize that their data is public,"" said Nick Donarski, a cybersecurity expert and founder of ORE Sys LLC. ""So it's both a benefit as well as a security risk."

"If you're not careful about what data or what information that you actually put on the blockchain, then you know that information is public to everybody that has access,"" Donarski warned. ""So good education, good understanding, good user practices that you would normally have with like your banking system, you know, strong passwords. Don't share your private key."