Most likely, you’ve watched enough television to know how a standard money robbery took place. Robbers often tend to follow a highly predictable process.
Go in, point the gun, instruct him to doldur load the money into the bag,, jump into the car with a briefcase full of money and dust before the cops arrive. Here we go.
This kind of money robbery is undoubtedly familiar to everyone from TV series or movies. But in the world of digital money, everything works differently.
Robberies in the digital money world do not follow any formula we know. No weapons. No contact. There’s no money or purse to hold by hand. Nothing physical. Moreover, such a robbery attempt can come from anywhere in the world. While you’re sitting in your pajamas in your home, your digital assets can steam with skillfully assembled code snippets and software.
Such cyber robberies are the most tragic reality of the crypto money market, which is still developing security infrastructure today. But there are ways to protect yourself from crypto currency hackers. We will provide more information about these ways later in this article.
But first, let’s look at one of the most famous digital currency robberies in history.
History’s Largest Crypto Money Robbery
We are moving rapidly into a increasingly digitalized world where most information, including proprietary information, exists on the Internet. In a sense, war and theft have changed, adapting to the digital environment to hit us where we are weak.
In this respect, none of the high amounts of cybercrime affecting the crypto currency world should come as a surprise. Large amounts of money are returning to the market, and in parallel with increasing interest in the market, these cyber attacks are expected to increase in the near future.
As a developing market with hype, the crypto money market offers a wide opportunity for thieves. The lack of technical literacy of new crypto currency investors and the lack of awareness of cyber threats beyond the screens, brings digital thieves closer to the market.
But if you don’t know the biggest crypto-money robbery in history, learning it and remembering it again can help you to understand the dangers beyond the screens. One of the most popular crypto currency exchanges of the time, the target of digital robbers is Mt. We’re talking about Gox.
Today Mt. The name Gox is often associated with the biggest robbery in Bitcoin history. In time of cyber attack, Mt. Gox was the largest Bitcoin exchange, with 70 percent of all Bitcoin transactions in the world.
The great assault took place in 2014, at Mt. Gox stole 740,000 bitcoins, more than 6 percent of the total bitcoins in its safe at that time. Of course, most of the stolen bitcoins belonged to investors holding bitcoins on this exchange.
In this case, investors were robbed because they kept their bitcoins on the stock market. For example, if the crypto money had not been kept on the stock exchange, they would not have been stolen.
This brings us to the next big question: Is there a way to safely store non-existent crypto coins?
The answer is actually quite simple. You can keep your crypto money securely by purchasing a hardware wallet.
Protect Your Crypto Coins With Your Hardware Wallet
The simplest way to protect yourself against this type of digital theft is to take your assets offline by taking them off the Internet.
Many domestic and foreign crypto money exchanges are making great efforts to provide high level security. For example, many crypto currency exchanges hide investors’ assets through non-networked offline wallets, also known as cold storage. But the truth is, the only way to fully protect your digital assets is to put your assets in your own hardware wallet.
Hardware wallets (also known as hardware wallets) are physical wallets that are mainly used to store digital assets. These physical wallets, which resemble portable memory, are different from software wallets, such as your BtcTurk or Binance wallets, because they do not have internet connections. This basically cuts the channel through which cyber criminals can access your digital assets.
In addition to this great advantage, it must be said, hardware wallets come with their unique risks, see: forgetfulness.
While it’s good to have everything under control, when you have a hardware wallet, you are entirely responsible for protecting your digital assets. Losing your hardware wallet or forgetting your password means saying goodbye to your crypto money.
Don’t think it’s an exaggeration. See any crypto currency forum. You’ll see hundreds of similar horror stories: equipment wallets eaten by small children, equipment wallets for dogs, crushed equipment wallets, and more.
If you don’t want to take this kind of responsibility, make sure you do everything you can to protect your assets in the stock market, including two-factor authentication. These are already a security measure that most traders want investors to join as soon as they register.
However, if you have no problem with responsibility and are ready to buy a hardware wallet, start looking at some of the best on the market.
Top 3 Hardware Wallets for Crypto Coins
In order to keep your crypto money safely, we’ve put together three of the best-known hardware wallets on the market, often recommended by investors.
So far, Trezor has been one of the best hardware wallets on the market.
Trezor offers a stylish design with the highest level of security features to give investors an easy-to-use experience. In addition, the Trezor wallet comes with a formatted and easy-to-use screen like USB.
Like other hardware wallets in this list, the Trezor wallet requires investors to choose a PIN code in the installation. However, it also provides a 24-word password that can be used to back up the wallet, just in case. The wallet provides support for more than 500 coins and tokens such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Trezor One and Trezor Model T two different Trezor brand wallets can be preferred by investors according to needs and specifications. The Trezor One has a $ 100 price tag. The Trezor Model T is sold for $ 170.
2. Ledger Nano
Ledger Nano, the most recognized in the market, and even one of the most preferred hardware crypto money wallet by investors in Turkey. Ledger Nano provides investors with a cheap yet secure way to store their crypto money offline.
If you are investing in multiple crypto currencies, Ledger Nano can be the best solution for your needs. The wallet supports Bitcoin, Ethereum, Litecoin, Zcash, Dash, Stratis, Ripple, Bitcoin Cash, Ethereum Classic and others. Like other hardware wallets, Ledger Nano supports PIN and a 24-word backup password to set up your wallet.
Ledger The company behind Nano Ledger has been creating hardware for Bitcoin security since 2014, making it one of the oldest companies in the field. To date, the company has sold more than 1 million Ledger Nano S in 165 countries.
Ledger Nano offers two different models, the best-selling Nano S and Blue. The price of Ledger Nano S is 90 dollars; Ledger Blue is sold for $ 399.
Compared to all the hardware wallets mentioned so far, KeepKey is one of the youngest and perhaps the most advanced technology wallets. High security features and stylish design, the wallet supports more than 36 coins and tokens such as Bitcoin, Ethereum, Litecoin.
The hardware wallet, which was first launched in 2015, can be backed up with 12 unique words. KeepKey, a single model, has a price tag of $ 129.
Using a hardware wallet is an easy way to protect your digital assets from online robberies. Finally, be sure to follow the manufacturer’s instructions very carefully for the safety of your savings when you receive any hardware wallets.