The Most Hackable Passwords You Definitely Shouldn’t Use for Cryptocurrency Accounts

The U.K. government’s National Cyber Security Center has conducted a survey to find out which were the most common passwords to be breached by hackers. Unsurprisingly, “123456” tops the list with 23.2M recorded breaches. It’s the poster child for the worst password ever, bar none. However, here are some more passwords which were found to be the worst of the worst:

• 123456789 (7.7M)
• 1111111 (3.1M)
• abc123 (2.8M)
• password1 (2.4M)
• Iloveyou (1.6M)
• Qwertyuiop (1.1M)
• 123 (1M)
• Monkey (980k)
• Dragon (968k)

Just two passwords, “123456” and “123456789,” lead the pack with 30M recorded breaches altogether.

Protect Your Cryptocurrency with Strong Passwords

Keep this in mind: you should never use something like your first name, local band, an obvious pattern, or anything that can be easily guessed when creating a password. It might be a good idea to stay away from intelligible words altogether. Instead, your password should be a string of random-but-memorable letters, according to the U.K.’s National Cyber Security Center. You especially shouldn’t use any of the abovementioned passwords for your Bitcoin (BTC) or cryptocurrency wallets. That’s the worst possible way to secure your digital coins, tokens, and assets. If you happen to already be using any of these terrible passwords, then you should change that as soon as possible.

Be Your Own Bank with Strong Passwords

We hear all the time about the importance of not easily guessable passwords. You should never take your passwords lightly, but a surprising amount of people use simple, easy-to-hack passwords. After all, it seems that many cryptocurrency hacks often do come down to simple poor password management. Aside from an easy password, failing to activate two-factor authentication is often the reason why someone’s exchange account gets hacked. Generally, it’s a good idea to make every password you use different. Don’t use the same password across many different exchanges, since then you are easily compromised on multiple platforms if hacked. Password managers today make it easy to maintain a unique password for every account you have online. Did you just realize you are using some of these easily hackable passwords? Got any other tips for managing your passwords? Let us know your thoughts below.