How to protect your mobile Crypto wallet from theft ?
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Tips on How to Make Your Mobile Crypto Wallet Secure
6 out of 10 times crypto is stolen by taking advantage of unprepared users. But the theft trend is on the decline — according to Chainalisys, there’s a 50% drop rate in stolen crypto — from $3.5B in 2022 to $1.7B in 2023.
Almost half the cases happen in DeFi, and according to Chainalysis, 33% of attacks in 2023 are done by taking ahold of the Seed Phrases with traditional Phishing methods. So, what steps can you take to prevent becoming another figure in this trend?
Start with physical safety of your Mobile Crypto Wallet
Strength of your digital security is determined by its weakest link.
Start small — set up Biometrics for your own phone if you may:
1. Touch ID and Face ID are good measures to protect your phone.
2. Always accompany Biometrics with a local Passcode for your phone.
3. Avoid using simple graphical key patterns, such as U, N, M, E, T, and so on.
4. The passcode for your phone should be at least 8 characters long.
Be sure to check if all of your devices are using Touch ID or at least a 24-character password.
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