Tips to secure your crypto account

If you already trade cryptocurrencies through the Bitvavo platform that 11Onze Recommends, we give you 6 tips to increase the security of your account. Take advantage of Bitvavo’s tips and promotions and learn how the world of cryptocurrencies works.

During this month of July Bitvavo is offering two promotions for those users who sign up to the platform. But not only this, it also gives us ideas to improve the security of our account.

1. Enabling two-factor authentication

The first step in securing your Bitvavo account is to enable two-factor authentication (2FA). This adds an extra layer of security in a very simple way: by requiring a unique code generated by an authentication application. This makes unauthorised access much more difficult, so it’s a great barrier against hackers.

Another thing: if you use an authentication application, one of those that recognise you on all devices, do not synchronise Bitvavo codes with your personal account. Keep them only on your device.

2. Use a strong password

How can you create a strong password? Well, it’s not complicated: avoid using common words, phrases or personal information that can be easily guessed. A combination of upper and lower case letters, numbers and special characters is always recommended. But do yourself a favour and write it down somewhere so you don’t forget it!

3. Keep your account information private

It’s a no-brainer, but it’s worth remembering: never share your Bitvavo account details with anyone. This includes your password, security question and API keys. Also, beware of phishing scams and fake emails that may try to steal your personal information. Remember, neither Bitvavo nor 11Onze will ever ask for your account information via email or a phone call.

4. Secure your email

Your email is linked to Bitvavo, so it would be a good idea to enhance your security as well. That’s why you can activate two-factor authentication and regularly check for account leaks. There are tools to check for this such as haveibeenpwned.com. Another option is to create an email address just for your Bitvavo transactions.

5. Use the anti-phishing code

If you activate the anti-phishing code, it will be included in all automatically generated emails sent by Bitvavo. With this code, you can check if the email really comes from Bitvavo. You can change your anti-phishing code by following the instructions here. Or by watching the video linked below.

How to use the anti-phishing code.

6. Try to stay informed

Regularly check your accounts, the official blogs and La Plaça. This will help you stay informed about any security issues or updates to the platform.

EXTRA: Blocking fund withdrawals

Bitvavo also allows you to totally block withdrawals. This way you can only trade in cryptocurrencies, but you can never withdraw money in euros. This prevents the possibility that someone can impersonate the user and download the money. The Dutch platform explains in this article how to block deposit withdrawals and how to re-enable them when necessary.

11Onze Recommands Bitvavo, cryptocurrencies easily, safely and at a low price.