Bata is securely stored in a wallet on your computer, tablet, phone or laptop. Download yours and start sending and receiving payments with an address and a click.
Like in daily life, your wallet must be secured. Bata makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bata can provide very high levels of security & privacy if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.
A multi-signature address is an address that is associated with more than one ECDSA private key. The simplest type is an m-of-n address – it is associated with n private keys, and sending bitcoins from this address requires signatures from at least m keys. A multi-signature transaction is one that sends funds from a multi-signature address.
You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank. Otherwise, you should choose such services very carefully. Additionally, using two-factor authentication is recommended.
Small amounts for everyday uses
A Bata wallet is like a wallet with cash. If you wouldn’t keep a thousand dollars in your pocket, you might want to have the same consideration for your Bata wallet. In general, it is a good practice to keep only small amounts of bata on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment.
Backup your wallet
Stored in a safe place, a backup of your wallet can protect you against computer failures and many human mistakes. It can also allow you to recover your wallet after your mobile or computer was stolen if you keep your wallet encrypted. Any backup that is stored online is highly vulnerable to theft. Even a computer that is connected to the Internet is vulnerable to malicious software. As such, encrypting any backup that is exposed to the network is a good security practice.
Use multiple secure locations
Single points of failure are bad for security. If your backup is not dependent of a single location, it is less likely that any bad event will prevent you to recover your wallet. You might also want to consider using different medias like USB keys, papers and CDs.
Make regular backups
You need to backup your wallet on a regular basis to make sure that all recent Bata change addresses and all new Bata addresses you created are included in your backup. However, all applications will be soon using wallets that only need to be backed up once.
Encrypt your wallet
Encrypting your wallet or your smartphone allows you to set a password for anyone trying to withdraw any funds. This helps protect against thieves, though it cannot protect against keylogging hardware or software.
Never forget your password
You should make sure you never forget the password or your funds will be permanently lost.Unlike your bank, there are very limited password recovery options with Bata. In fact, you should be able to remember your password even after many years without using it. In doubt, you might want to keep a paper copy of your password in a safe place like a vault.
Use a strong password
Any password that contains only letters or recognizable words can be considered very weak and easy to break. A strong password must contain letters, numbers, punctuation marks and must be at least 16 characters long. The most secure passwords are those generated by programs designed specifically for that purpose. Strong passwords are usually harder to remember, so you should take care in memorizing it.
Offline wallet for savings
An offline wallet, also known as cold storage, provides the highest level of security for savings. It involves storing a wallet in a secured place that is not connected to the network. When done properly, it can offer a very good protection against computer vulnerabilities. Using an offline wallet in conjunction with backups and encryption is also a good practice.
Keep your software up to date
Using the latest version of your Bata software allows you to receive important stability and security fixes. Updates can prevent problems of various severity, include new useful features and help keep your wallet safe. Installing updates for all other software on your computer or mobile is also important to keep your wallet environment safer.
Think about your legacy
Your Bata can be lost forever if you don’t have a backup plan for your peers and family. If the location of your wallets or your passwords are not known by anyone when you are gone, there is no hope that your funds will ever be recovered. Taking a bit of time on these matters can make a huge difference.
Setting up Optional Privacy Functions
For information on setting up wallets for I2P / TOR visit Anonymity for more information.