How To Secure Your Cryptocurrency Wallet
You want to treat your cryptocurrency or virtual wallet in the same way that you treat your physical wallet. Now nothing is full-proof, but there are steps you can take to make your virtual wallet as secure as possible. We will use a FastCoin (FST) wallet in this example:
1. Encrypt your wallet: Go to “Settings” and then click on “Encrypt Wallet”. You will be asked to insert a passphrase/password. Choose a lengthy and complex one. We recommend you make use of a password manager such as RoboForm in order to generate a suitable passphrase/password. Do not store this passphrase/password on your computer.
2. Back up your wallet: Click on “File” (within the virtual wallet application lol) and then on “Backup Wallet”. Never share your wallet.dat backup file(s) with anyone.
3. Back your wallet up on a USB key (data finger lol) and your passphrase/encrypted password on a separate one: You also want to store a copy of the FastCoin (FST) wallet install program on a USB key, so it is easy to re-install or install when needed. This will allow you to restore your FST Wallet onto any PC should you need to. You want to buy a USB key that have encryption software pre-installed on it. We highly recommend SanDisk and only bought from reputable merchants/dealers.
4. Now wrap the USB keys in aluminum foil and store it in a safe place (not in water silver bugs lol): Word is out that the aluminum foil will to help to protect it from any EMI or potential EMP. You might also want to use silica gel.
Now the above is by no means the Alpha and the Omega when it comes to securing your cryptocurrency wallet, but should make it difficult for the average wannabe hacker to steal your cryptocoins. In fact, to take it a step further, you might want to consider the steps located here as well.