The wallet security of our users is extremely important to us. One of the aspects of security we stand by, is for you to have full control over your wallet and in turn, control over what level of security you’re most comfortable with.
Here are five tips that we recommend using when securing your Blockchain Wallet.
1. Enable two-factor authentication
One of the most important features of our wallet is two factor authentication (2FA). If you aren’t familiar with 2FA, please read our tutorial What is Two Factor Authentication, and how to use it on your Blockchain.info wallet. Make sure that your wallet is setup with 2FA as part of your overall wallet setup. To do this, go to your Blockchain Wallet, click on Account Settings, and then Security.
2. Set a secure password
Just like any web service, strong passwords are important. Please note that your passwords are never shared with Blockchain servers. This means your wallet would still be safe in the event our servers were compromised. However, it means there is no password reset functionality. Each wallet user should setup a Main Password plus a Secondary Password. The secondary password is set for anytime funds are sent from your account, similar to the way a pin number would work with a debit card. This adds an extra layer of security. To do this, go to your Blockchain Wallet, click on Account Settings, and then Passwords. For more information on creating a secure password, please check out this tutorial.
3. Block TOR IP addresses
If you are not a TOR user, then this is a must. You can block known TOR IP addresses from trying to access your wallet. Chances are that anyone trying to do something malicious and access your wallet, is using the TOR anonymizing network, and you can block them before they even get a chance to attempt access to your wallet. To enable this, sign into your Blockchain Wallet, click on Account Settings, and then Security.
**4. Enable notifications **
For added security, make sure to setup email and SMS text notifications. Enable the notifications for anytime bitcoins are sent or received from your wallet. To enable this, go to the Blockchain Wallet, click on Account Settings, and then Notifications.
5. Automatic email backups
Last but not least, you want to make sure you have a wallet backup of your account in case you need to restore it. Since this is an email backup, it’s important that you have 2FA setup on your email too, to ensure maximum security. For information on how to enable 2FA on your email account, we recommend contacting your email provider. For those with GMail addresses, check out this tutorial on Google 2-Step Verification to help you get started. To enable automatic email backups, go to your Blockchain Wallet, click on Account Settings, and then General.