Account Security

Account Security

The total security infrastructure of any online system is on two fronts: system security and user security. This website has spared no expenses to provide the best security for our systems in order to ensure that our assets and investments always remain secure. We have carefully selected partners who share our beliefs and need for security; our payment gateway and digital asset custodial solutions partners boast some of the highest security standards in the industry.

However, all these security investment falls short if our members fail to adhere to a few security protocols to protect their accounts. As cryptocurrencies and digital assets continue to gain worldwide acceptance and growth as an industry, the need to remain ever vigilant and employ the best practices to protect your assets continue to increase. We recommend that our members follow the simple but effective rules of thumb below to keep their accounts and investment safe.

Keeping Your Account Safe

One of the easiest ways hackers steal information is by getting a batch of username and password combinations from one source and trying those same combinations elsewhere. For example, let’s say hackers got your username and password by hacking an email provider. They might try to log into banking sites or major online stores using the same username and password combination.

The single best way to prevent one data breach from having a domino effect is to use a strong, unique password for every single online account you have. It is highly recommended that members set a unique password for their Gift Club account, one that would not be easy to guess by potential hackers.

In setting your password, we recommend that members use a combination of numbers, upper and lowercase letters and symbols with a total of at least ten (10) characters. Consider this: a hacker using a brute force password attack can normally guess a password of up to eight characters within a few seconds to a few hours. A ten-character password made up of numbers, upper and lower case letters and a symbol would require a sustained attack of 5 years to crack; an eleven-character password would require 400 years to crack!

Two-factor authentication (2FA) can be a pain, but it absolutely makes your accounts more secure. Two-factor authentication means you need to pass another layer of authentication, not just a username and password, to get into your accounts. Because the data and personal information in your Gift Club account are sensitive and valuable, we have provided the account with a two-factor authentication, which we strongly recommend that members enable.

Safety Information for BTC Address

1. Choose hardware wallets
With so many Bitcoin wallet options on the market, which one should you choose?
For users that are particularly concerned about cyber threats, cold storage may be the best option. A safe solution is to store your Bitcoin on a hardware wallet. Manufacturers like Trezor and Ledger offer various models of USBlike devices which come with preinstalled security layers and encryption features. They don’t connect to the internet so cyber criminals will have a hard time trying to access your private key.

2. Keep your private key offline
You can protect your wallet by taking your private off the grid and keeping it in the ‘real world’. Simply writing down your private key on a piece of paper will work, rather than saving it on any electronic devices. Make sure you keep it in a dry place, protected from heat and direct sunlight, to avoid deterioration.


3. Always use a secure internet connection
Most public networks are vulnerable and have security flaws. If you have a Bitcoin wallet on your laptop, try using your phone’s hotspot instead and avoid connecting to public networks at all costs when accessing your wallet. The best thing is to use only home or wellknown networks, where you are certain connections are not being easily exposed to security flaws.


4. Use good and uptodate antivirus software
While Windows users usually are exposed to a wider variety of malware, all operating systems have their share of malicious programs. You should therefore check whether your computer has an uptodate and reliable antivirus software installed. Since most cyber attacks use viruses and malware to access and tamper with your device, it is important to do a proper device scan before installing your wallet. Remember to also update your software on time, to keep you protected from the latest malware programs.


5. Do not access unknown or suspicious links
Be careful with your online activity and always check the link of the site you’re on if something feels strange. Internet scammers can clone entire websites and use almost identical URL addresses to the authentic ones. If you use an online wallet or a similar service where you are required to enter the private, make sure to verify that the website address is the authentic one. Also look out for scam emails. These are growing in popularity and often ask you to visit a specific website or enter your details.


6. Use a strong password for your online wallet
If you use an online wallet, be careful when choosing your password. Avoid using phone numbers, birth dates, names, or favorite movies. Instead, go for an alphanumeric combination that only makes sense to you. Statistics show that 52% of people reuse the same password across multiple services. Make sure that your password for you wallet is unique.

 

7. Never give away your private key
Private keys are for your eyes only. Do not share them with anyone and do not ask for somebody else to make transactions for you. Ignore all proposals or requests that involve you sharing your private key to a third party or person.


8. Keep a separate wallet for daytoday transactions
If you need to make small daily transactions, a good practice is to create a separate wallet that you can top up when necessary. There is no limit to how many Bitcoin addresses or wallets you can create. Sorting your transactions and keeping the most important ones separate will improve the safety of your whole portfolio.


9. Use twofactor authentication for online wallets
Most online wallets have twofactor authentication, and you should always use it. It’s a simple but effective security measure.

10. Always check the Bitcoin address
When making transactions, you should always pay close attention to the recipient’s address. There are malware programs that can ‘intervene’ when you copy and paste a Bitcoin address and change the pasted output to another address. If you are not careful, you will end up sending your Bitcoin to someone else.


11. Back up your digital wallet
A backup will allow you to access your wallet in case you lose your device or your device fails. Choose either a different or a safe location for your backup. In case your device is stolen, you can restore access to your wallet with the backup file. As a precautionary measure, you can move the funds to another wallet.


Conclusion
In the end, you are solely responsible for the security of your Bitcoin wallet. The cryptocurrency scene is constantly evolving and security systems are being improved, so you should take all the necessary safety precautions and stay uptodate with the latest security improvements and updates to keep your Bitcoin or any other cryptocurrency wallet away from illintended parties.