Bitcoin scams are increasing day-by-day and no one is an exception to the fraud; not even tech legends like Steve Wozniak. Scammers have successfully tried to steal cryptocurrency from exchanges and even mining services. Now they have made a victim out of Steve Wozniak also.
The multi-millionaire revealed this week that he had 7 Bitcoins stolen from him recently. The bitcoins are valued at about $10,000 currently. The loss of Steve Wozniak can be valued at approximately $70,000 according to today’s exchange rate.
With everyone owning bitcoins in a large amount of money, certain security measures are important.
One of the safest ways to secure your bitcoin is by taking them off the internet completely. It can be done by generating a public address and a private key (PIN) which are basically a set of number and letters in combination.
Buy and sell your bitcoins only through trusted sources like exchanges and never attempt an ‘over the counter’ transaction like Steve Wozniak did. Day by day the hackers are becoming more and more sophisticated and so attempting a transaction through untrusted source could be dangerous.
Just like your emails and everything account online, a two-factor authentication is essential for storing your cryptocurrencies too.