Creating strong passwords for your online accounts is the first step in keeping your online information safe. This is especially important if you manage your finances online. It doesn’t take long to learn how to do this properly and every crypto investor should put some time into learning how to protect one self from such attacks.
What constitutes a secure login experience? If you have different passwords for each account, how are you expected to remember all of your passwords while still keeping them safe?
Make your password long and strong
For a strong, hard-to-break password, length and character use is crucial. Use passwords with an absolute minimum of 10 characters, I personally go around the 18 character mark for my own. When setting up your own passwords use a minimum of 2 upper case and 4 lowercase letters, 2 numbers and 2 random symbols (@, %, $ etc) – the more characters in your password the safer.
e.g – dt4g$3po%15DEa4#2h
Sentences can also make great passwords because they are easier to remember if you are opposed to recording them. A string of four or more random words with a couple of numbers and symbols is almost as strong as a 18 character password that uses a random mix of numbers, letters and symbols.
e.g – foot12bottle#[email protected]
Keep personal information away of any of your passwords
Never use birthdays, names, or personal information when creating a password. The internet (if used correctly) has access to pretty much everything. Someone could easily find out some basic things about you and potentially use those to break your password if it is something too simple.
Never use obvious passwords like “12344321″ or “password”. These are also very easy to break.
Use a different password for every online account you have
Do not use the same password for different logins. This is VERY important!
Keeping you passwords safe
To remember your passwords some people like to have a physical copy in a safe or somewhere secure but this can open you up to the potential physical theft of your passwords.
A popular alternative is using a password manager like LASTPASS. While not being 100% hassle-free, they beat everything else in terms of security/convenience ratio as these password managing apps require the memory of only 1 master password to access your other passwords.
Some also have auto login features built in that plug into your other accounts for ease of access. Again these are not 100% guaranteed and the only way to truely 100% never be hacked is to have a photographic memory for each complex password you create, a talent few posses however so we normal folk have the alternatives outlined above instead.
You can use online password generators to create randomized number, letter + symbol password combinations, but that doesn’t guarantee that those generated passwords are totally safe either. When starting out try using the generators to get an idea of the password formats and change the characters out while using the same pattern of numbers, letters and symbols before saving the password in a manager app or where ever you choose to store the info.
e.g the generator gives you;
You the change the characters for random respective characters;
The end result is that you have a safe password structure while the characters you have used came from your own head and nobody can know those but you. Learn some of those patterns and start making all your own secure passwords.
Stage 2 of protecting your accounts is two factor authentication;
What is it? How can it help you protect you, and how do you use it?
Click HERE for a full 2FA guide