Since the advent of bitcoin (BTC), the crypto market has continued to expand. Countless people are investing in this market every day. As the cryptocurrency market evolves, hackers are finding ways to wreak havoc on it. Today, investors must take care of the protection of their digital assets themselves. Here are the steps they can take to secure their funds.
Make sure to use a secure internet connection
To reduce the risk of hacking, a secure Internet connection should be used. To do this, it is recommended to avoid public WiFi. You must have a firewall and antivirus software on your device before connecting to a crypto platform. The user must necessarily replace the default password of his router with a highly secure password. You should also think about installing a virtual private network (VPN) on your device.
Strengthen your passwords
Hackers use very sophisticated programs to crack the passwords of their future victims. Do not make it easier for them by using simple or common phrases as passwords. It is necessary to favor long and complicated words, taking care to vary them from one platform crypto to another.
Get informed before getting into crypto
It is essential to have a good understanding of the crypto sector before investing in it. For this purpose, one must do extensive research on each crypto project in which one wants to invest. You should avoid investing simply on the advice of a relative or a celebrity.
Invest on known and reliable exchanges
There are thousands of crypto exchanges around the world, but not all of them are reliable. It is better to bet on the most known and safe platforms like Binance, Coinbase, Kraken, Gemini, Crypto.com, etc.
Use multiple cold or hardware crypto wallets
It is recommended to keep your coins in several wallets. It is necessary to favor cold or hardware wallets which are more secure, in particular because they are not accessible online.
Today, crypto investors can protect their holdings by remaining vigilant and cautious. They should also avoid investing money that they cannot afford to lose.
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