Staying Safe: How to Secure Your Crypto While Traveling as a Digital Nomad

Mar 15

You've made the decision to travel as a digital nomad, and you're probably excited about it. However, if you're like most people, there's at least one question on your mind: how will I keep my crypto safe while traveling? If this is you, don't worry! There are many ways to secure your crypto while traveling—and we'll walk through them in this article. Along with safety tips for digital nomads who want to protect their data from hackers or thieves, we'll share our experience with different methods of encrypting files and backing up data so that even if something goes wrong (which hopefully it won't!), all will not be lost.

Don't Keep All of Your Crypto in One Place

Don't keep all of your crypto in one place. You should spread out your holdings across multiple exchanges, wallets, and other storage methods.
Don't keep all of your crypto on an exchange. The same goes for mobile wallets--they can be hacked or shut down by the government at any time without warning.
Don't keep all of your crypto on a hardware wallet either (unless you're a pro). The same applies here: if someone gets access to the device itself (for example, if it's lost or stolen), then they could potentially steal all of your digital assets too!

Don't Forget to Exercise Due Diligence When Choosing a Storage Solution

When it comes to cryptocurrency storage, there are a number of different options out there. You may want to consider using a hardware wallet or even storing your coins on an exchange. However, both of these methods come with their own set of risks and rewards.

When choosing a cryptocurrency wallet, be sure that it has:

A strong reputation within the crypto community--this will help you avoid scams and frauds
A proven track record--check out its reviews before signing up for anything!
Good support options so you can ask questions if something goes wrong (and trust me: something always goes wrong).

Use Two-Factor Authentication

Two-factor authentication (2FA) is a security feature that adds an extra layer of protection to your account. It requires you to verify your identity using two different things: something you know, like a password or PIN number; and something you have with you, like a device with an app installed on it. This means if someone tries to log into your account without having access to both pieces of information--like a hacker trying to gain entry via their own computer--they won't be able to get in because they won't have all three pieces needed for entry: your username, password and phone number linked with 2FA enabled on the service provider's end.

There are many ways to set up two-factor authentication: some companies offer apps for both Android and iOS devices while others only support one platform or another; some allow users access via text message while others require them download an app directly from Google Play Store/Apple App Store first before adding it as part of their security protocol; still others offer downloadable software programs called "TOTP" apps (Time Based One Time Password) which generate codes every 30 seconds allowing users enter them manually instead of relying solely upon text messages being sent over cellular networks which could potentially be intercepted by bad actors trying gain unauthorized access into accounts belonging specifically yours!

Create a Seed Phrase and Keep it Safe

You should store your seed phrase in a safe place. If you lose it, there's no way to recover your crypto.

A seed phrase is like an access code that allows you to access and manage your cryptocurrency. It's usually a string of words (or numbers) randomly generated by the software when it was first set up, which means that no one else can get into your account without it.

Creating a new wallet is easy--you can do so from any device with internet access--but keeping track of all those passwords can be difficult if they're not stored somewhere safe!

To keep things simple and secure, I recommend storing all of them on paper as well as digitally: Paper wallets provide physical protection against hackers while also being easy-to-use; Digital backups offer convenience at the cost of security (since they are vulnerable if someone gets their hands on them).

Use Cold Storage if Possible

Cold storage is a way to keep your crypto offline, which makes it safer than hot storage. There are many ways that you can do this:

Paper wallet (print out private keys)
Hardware wallet (USB device)

Even if you don't have access to cold storage, there are other options for keeping your coins safe while traveling as a digital nomad.

Encrypt Your Files and Back Up Your Data Regularly

If you're not sure how to encrypt your files, find someone who can help you. You can use a cloud storage solution like Google Drive or Dropbox.

Tools like VeraCrypt allow users to create an encrypted volume on their computer or USB drive that is only accessible by entering a password when they start up their computer. This will keep hackers from accessing sensitive data if they are able to access the hard drive itself.

You can protect your crypto while traveling as a digital nomad.

Crypto is a new asset class and it is important to be careful with it. There are many ways you can stay safe while traveling with crypto, including:

Keeping only small amounts of money in any one wallet or exchange account at any given time, so that if anything happens to the system or website (like Mt Gox), you won't lose all of your funds at once.
Storing some coins offline on paper wallets that are stored somewhere safe like a safety deposit box or home safe; this way even if someone hacks into your laptop/phone/computer--or even gets access to them--they won't be able to get access to those funds without spending hours trying every password combination possible until they find the right one!

As you can see, it's not hard to keep your crypto safe while traveling as a digital nomad. It just takes some planning and diligence on your part. We hope that this article has helped give you some ideas about how to protect yourself from theft or loss while traveling abroad with all of your precious digital assets in tow!

ACID SNOW