Major 6 Ways To Secure Your Multi Cryptocurrency Wallet
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Two-factor Authentication: It is an advanced protective layer that protects the user’s data and financial information. We have to integrate an authenticator app to secure the wallet.
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Threat Protection: With this feature, the mobile and web applications get safeguarded from various hostile attacks. So we need to make sure that the wallet we are using is safe from DDOS and other similar attacks.
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Session Logout: The crypto wallet application automatically expires the current session if it is inactive or running in the background for a certain period. However, the cryptocurrency wallet will notify the user before logging out.
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Email Authentication: It is a safety feature that sends withdrawal requests to the user for each transaction. The transaction will get approved only when the verification is successful.
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Wallet Backup: Having a backup for the wallet will keep the crypto safe in case of any technical failures or glitches. The user can generate a unique backup phrase from their cryptocurrency wallet.
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Breach Investigation and Key Management Server(KMS): The crypto wallet will maintain the track of breaches derived from the instant reports to assure the legitimacy of the data. At the same time, KMS helps to handle the unique cryptographic keys within the crypto ecosystem.
Also Read about Top 5 Steps To Create Your Own Cryptocurrency Wallet
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Apart from these features, a powerful cryptocurrency wallet will give additional benefits to the user, such as push notifications, risk management, multi-signature, portfolio tracker, multi-currency support, etc.
