Bitcoin prices surged about 125% in 2024, ending around $94,000 after starting in the $40,000 range (CNBC), with an all-time high of over $108,000. The sharp rise in Bitcoin and other cryptocurrencies such as XRP makes safeguarding your digital assets more vital than ever. With new cyber threats emerging every day, here are five essential tips to secure your cryptocurrency.

Why These Tips Are Crucial for Your Crypto Security in 2025

Taking proactive steps to secure your digital assets is essential as cryptocurrency values increase and online crimes continue to rise. Following these five tips will protect your investments and provide peace of mind against rising cyber threats.

1. Store Your Crypto in a Secure Hardware Wallet

One of the best ways to protect your crypto is to limit your exposure on exchanges and use a hardware wallet for storage. Hardware wallets, or cold wallets, store your private keys offline, making them virtually immune to cyberattacks.

While exchanges offer convenient trading, they are vulnerable to breaches and are prime targets for hackers. According to Chainalysis, 2024 saw 303 individual hacking incidents, up from 282 in 2023, with stolen crypto funds totaling $2.2 billion—a 21.07% increase from the previous year.

Whether you're holding Bitcoin, XRP or Ethereum, transferring assets to a cold wallet like the Ballet REAL Series Cold Storage ensures you have full possession and control of your cryptocurrency, in case your exchange or even your account with them is compromised. Ballet’s Two-Factor Private Keys generate a full private key for your crypto assets, with BIP38 components produced across multiple countries to maximize security. 

2. Enable Two-Factor Authentication (2FA) for All Accounts

Enabling two-factor authentication (2FA) is one of the simplest and most effective ways to safeguard your crypto accounts. 2FA enhances account security by requiring two forms of verification: something you know, like a password, and something you have, such as a code sent to your phone or email. Most crypto platforms allow you to enable 2FA from your account settings.

Digital assets are lucrative targets for cybercriminals, but enabling 2FA ensures that even if your password is compromised, attackers cannot access your account without the second verification factor such as access to your phone or email.  

3. Beware of Phishing Scams

Be careful revealing information to strangers who unexpectedly contact you without you initiating that request. Phishing scams are a major security risk for crypto holders, especially as Bitcoin's value continues to rise, making scammers increasingly target crypto accounts. Scammers often impersonate exchanges, wallet providers, or other trusted entities to trick users into revealing sensitive information like passwords, private keys, or second verification factor codes. These phishing attacks typically arrive in the form of emails, messages, or malicious links and have become increasingly common as cryptocurrency gains popularity.

Stay informed and learn how to recognize phishing scams, including romance scams, high-return investment schemes, and even scammers pretending to be someone you know. Do not engage or invest with strangers that randomly start talking with you. Protect your assets and stay one step ahead of fraudsters.

To protect your assets, always double-check the authenticity of any communication before entering sensitive details. Watch out for red flags such as typos in email addresses, unusual urgency, or requests for sensitive information. Legitimate platforms will never ask for your private keys, so staying vigilant and verifying sources is essential to avoiding these dangerous scams.

4. Regularly Update Your Crypto Software

Keeping your wallet software up to date is a simple but often overlooked way to secure your crypto. Software developers frequently release updates to patch security vulnerabilities, enhance protection features, and improve user experience. Outdated software leaves your crypto assets vulnerable, offering hackers an easy opportunity to exploit weaknesses. To stay ahead of potential threats, make it a habit to regularly check for and install crypto wallet software updates. 

5. Backup Your Crypto Wallet, and Store Your Backup Securely

Failing to back up your wallet is a common yet critical mistake among crypto holders. Backing up your wallet ensures you can recover funds if your device is lost, damaged, or stolen.

Make sure you create a backup of your wallet and store it in a secure, offline location to protect it from potential cyberattacks. Options like encrypted USB drives or physical copies in safes are excellent choices for storing your backup.

Bonus Tip: Simplify Crypto Security with Ballet’s REAL Series Cold Storage

Take the guesswork out of crypto security with Ballet’s REAL Series Cold Storage physical hardware wallet—an elegant solution to secure your assets. 100% offline and immune to online hacks, Ballet cold wallets eliminate the need for account setups or software updates, offering unmatched security in a user-friendly package.

The Ballet 24K Gold-Plated REAL Series Cold Storage

What sets Ballet apart is its Two-Factor Private Keys, which generate a full private key for your crypto assets using BIP38 encryption components produced across multiple countries to ensure maximum security. This innovative design simplifies the process, allowing you to safeguard your crypto with confidence. With over $800 million in digital assets secured globally, Ballet cold wallets are trusted by crypto holders worldwide.

An additional advantage is that it functions as a bearer instrument, meaning that as long as you or your family retain physical possession of it, there are no passwords or passphrase to remember or risk forgetting.

What Customers Say About Ballet Cold Wallets

It’s not just us talking—here’s what actual users have to say about Ballet Cold Wallets:

“Simple to use.

I'm new to crypto and wanted to be sure of ownership and remove my investment from exchange. This was a simple easy way to do that. Will definitely be picking up more for friends and family.” 

— Lloyd p

“Nice coin wallet Great Gift giving idea.

I like the coin wallet. It will make a great gift to my nephews.I think it’s a great way for anyone to save and invest in a fun way. You can track the balance from the App. I am a big fan of the coin wallet. Great idea! “ 

— Tom B.

“Secure my crypto assets with confidence!

A cold wallet keeps my funds offline, safe from hacks and cyber threats. The ultimate peace of mind for my digital investments!” 

— Renata Sartori 

Get Started with Ballet Cold Wallets Today

With Ballet Cold Wallets, you can rest assured that your cryptocurrencies are stored safely offline, protected from hackers and online threats. Don’t wait until it’s too late—take the first step in securing your digital assets today. Invest in the security of your Bitcoin with a Ballet Cold Wallet and protect your investments for the future.

Useful Links: 

Ballet Official Online Store

Anti-Counterfeiting Guide

Download Ballet Crypto App

 

Stay Connected

X(Twitter) YouTube Telegram Facebook LinkedIn Reddit Instagram