Strengthening Your Crypto Holdings: The Security Measures of NOW Wallet

Explore the security measures of NOW Wallet designed to protect users’ crypto assets!

The unfortunate reality is that the number of cryptocurrency hacks continues to rise, even in 2024. Despite advancements made in securing decentralized asset storage, significant breaches are still making headlines. Here are some notable incidents from this year:

• BingX: $43 million lost on September 20.
• WazirX: $234.9 million stolen on July 18.
• PlayDapp: $290 million hacked on February 19.

These events underscore the critical importance of safeguarding your crypto wallets. Security is a shared responsibility — both the platform and the user’s actions play vital roles.In this article, we will discuss strategies for protecting your crypto assets and highlight the security measures implemented by NOW Wallet to shield your funds from external threats.

Security on NOW Wallet

If you’re seeking a secure place for your cryptocurrency, NOW Wallet is an excellent choice! This premium wallet combines robust security with user-friendly features, catering to both newcomers and experienced users alike. Its security protocols are designed to ensure your assets remain protected while allowing for easy management. So, what sets NOW Wallet apart?

• You can create wallets using mnemonic phrases ranging from 12 to 24 words — easy to remember yet difficult to decipher.
• Those same phrases can be used to recover or import wallets from other applications like Guarda, Exodus, and Trust.
• NOW Wallet employs a three-tier encryption system for private keys and mnemonic phrases, utilizing best practices from industry leaders like Google, Microsoft, and Apple.
• Users can set up a PIN code and utilize biometric locks such as Face ID or Touch ID for wallet access.
• Each transaction is secured with PIN and biometric confirmation, adding an extra layer of protection.
• You maintain full control over your private keys and mnemonics — no third-party involvement!

NOW Wallet prioritizes the security of your crypto assets while providing a seamless user experience. The team continuously updates their security measures to address new cyber threats.

Pro Tips for Securing Crypto Wallets

While having top-tier security features is essential, many users often overlook basic safety practices that can significantly enhance their protection. Remember that keeping your funds secure is a joint effort between you and the platform. Here are some expert tips to help keep your crypto wallet safe:

• Strong passwords are essential! Create complex passwords that include a mix of letters, numbers, and symbols, or consider using a password generator. This will greatly improve the security of your wallet against unauthorized access.
• Enable two-factor authentication (2FA)! Always activate 2FA for any financial applications. This makes it considerably harder for hackers to access both your wallet and device simultaneously.
• Always verify! Ensure that the websites and applications you use are legitimate. Phishing scams are prevalent; attackers often create fake versions of trusted sites. Reputable services will never ask for sensitive information directly. Always double-check URLs!
• Avoid public Wi-Fi. When accessing your wallet, use a secure internet connection. Public Wi-Fi networks can be risky as hackers often exploit them.
• Monitor your transaction history. If you notice any transactions that you did not authorize, take immediate action!
• Backup your wallet data offline. Keep a secure copy of your wallet information in an offline location to prevent loss of access.
• Protect your credentials! Never share access details with anyone. Ensure that your primary device is secured with biometric locks or similar protective measures.

By combining robust wallet security with proactive personal measures, you can keep your crypto assets safe from potential threats. Remember that the responsibility for safeguarding your funds is shared. That’s why NOW Wallet is dedicated to providing a secure experience along with numerous features designed to help you manage your cryptocurrency effectively.

Explore this secure crypto wallet — NOW Wallet — right now!