With the interest over Bitcoin and other cryptocurrencies growing rapidly, fraudsters are also making use of new methods to steal your coins by breaking the security firewalls of popular crypto exchanges. Last year, they were able to get access to the personal computer of an employee of Bithumb exchange which resulted in the theft of more than a billion USD worth of bitcoins. In fact, Bithumb is one of the largest bitcoin exchanges in the world which holds almost 75% of the bitcoin market volume of South Korea. As cryptocurrency transactions are not yet regulated in South Korea, it is not known whether the exchange will take responsibility for the losses.
Do you know what is the most common method used by the hackers to steal your credentials?. A simple keylogger. How? A keylogger is a small piece of software that is used to track the keystrokes you are creating on your PC/Laptop. And, it can be installed on your computer remotely even without your knowledge. So, to protect your bitcoins and other cryptocurrencies, you need a multi-factor authentication which is not susceptible to any kind of attack. That’s why a hardware wallet or non-custodial wallet is more suitable for storing your bitcoins as it provides multi-layer security.
Trezor bitcoin wallet was the first ever hardware wallet introduced in the year 2014 by Satoshi Labs. Initially, it was used to store only Bitcoin. Later, Satoshi Labs added support for more coins such as Litecoin, Ethereum, Bitcoin Cash, Zcash and more.
How will Trezor Bitcoin Wallet secure your bitcoins?
Trezor Bitcoin Wallet will look very similar to your traditional USB stick which is used for storing and taking documents on the go. Likewise, the Trezor Bitcoin Wallet will help you to store the private keys of your bitcoin or other cryptocurrencies on its small chip. Whenever you need to make a bitcoin transaction, you need to enter the secret key on your Trezor hardware wallet to complete your transaction. Without connecting your Trezor device, it is not possible to complete buy/sell/trade bitcoins and other cryptocurrencies.
Let’s imagine that a hacker got access to your laptop or mobile and he/she found out your username and password as well. Now, will the hacker be able to steal your bitcoins? No. It is impossible. Because you are holding the Trezor Bitcoin Wallet and the hackers will not be able to establish a remote connection with the Trezor device and enter the security code. In case your Trezor device is lost or stolen, it is possible to recover your cryptocurrency coins as it supports AC (Advanced Recovery) options by connecting the Trezor device with other wallets like MyCelium.
Trezor Bitcoin Wallet in the UAE & the GCC countries
You can now buy the Trezor Bitcoin Wallet from HashArabia.com – an authorized retailer for the Middle East region. They offer same day shipping for all orders placed within any of the GCC countries including UAE, Saudi Arabia, Bahrain, Qatar, Kuwait and Oman. They also offer customers residing anywhere in the UAE including Dubai, the option to choose Cash-on-delivery (COD) during checkout and pay cash at their doorstep.
Every order also comes with 2 years of warranty and free customer support via phone, email and chat.