The importance of a strong password
The security of our customers is priority #1 at Coinmerce. This is why we do everything we can to make our platform as secure as possible. Good security is only as strong as its weakest link, however, which is precisely why a strong password combined with 2FA security is essential.
A strong password is the first defense against criminals. Not just length but also complexity is important. It is also exponentially safer to use a unique password for each account. This prevents further damage should a hacker ever unexpectedly get hold of one of your passwords.
For an optimal password, it is best to use at least 12 characters. Make sure you use at least 1 lowercase letter, 1 uppercase letter, 1 number, and 1 symbol. Also, avoid sequences (ABC, 123) and personal information such as birthdays in your passwords.
It can quickly become very difficult to comply with these rules while remembering all your passwords. Fortunately, there are digital tools to keep this simple, without compromising the security of your accounts.
Password managers & password generators
Password managers are like digital safes where you can securely store your passwords. This makes it easy to keep track of unique, secure passwords for each account without having to remember them all yourself.
Password Generators are tools that make it easy to come up with a strong password. You simply specify parameters the password should meet, and the generator gives you a unique, strong password.
We have described two examples of well-known password managers to help get you started. These are by no means the only ones; should these not suit your personal needs, many more can be found online.
Dashlane is a widely used password manager. It is easy to add to most well-known browsers, and also easy to use via an app on your mobile phone. Dashlane also has a built-in password generator, to make creating strong passwords easy.
The free version of Dashlane can only be used on 1 device; if you want to be able to log in from different devices, you will need to use the paid version.
1Password is another widely used Password Manager and flaunts the highest TrustPilot score in the market. Besides a browser plugin variant, they also offer a standalone desktop application, which has more features. However, 1Password does not offer a free version. However, they do have a 14-day trial period, to see if it suits your needs.