Guides in Securing your Crypto Assets

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Crypto as we all know is the leading currency currently in the world and they are based on blockchain technologies. There are different types of cryptocurrencies like Bitcoin, Ethereum, Binance Coin, Dogecoin, Solana, Polkadot, and Cardano, etc.

They are mostly used for online trading, making payments and most of them work on decentralized networks which allows them to be a stand-alone network without a third party control or authorities like governments, banks, and any other institutions. Crypto trading and transactions can be done using some exchange platforms that are more secure and easy and transfer rate not very high and some platforms are Binance, Kraken, Coinbase, Coinmama, and Kraken, etc. The one am more familiar with is the Binance platform, it easy and cheap, but I haven’t tried the others to compare maybe because am comfortable just using it.

Due to the complexity of crypto, it’s very secure and difficult for scammers to break through. The transactions are usually recorded into the blocks and make them reliable and secured. When signing up for any platform there’s always an option for a two-factor authentication code for more security aside from your normal passcode, the codes are usually requested to safeguard your logins and transactions. The codes can be gotten from either your email, text, or an authentication app.
The exposure or hack of a wallet then falls on the person who didn’t the necessary security process.

For you to have a digital asset or wallet, you must be willing to take every security measure to protect them. People believe the crypto exchange platforms give or provide full security for their crypto assets and in doing so they take risks trading and handling their assets as they like, like leaving on a single exchange platform, not using authentication codes, easily clicking of emails relating to cryptocurrency not knowing it’s email attacks, etc.

Protecting your Investment

In protecting your digital assets there are certain measures to follow and understand because, without the necessary measures, there’s every possibility of a security breach of your investment.

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Firstly, you must get to understand the different crypto exchanges platforms, and how to trade with them either to buy or sell. Because knowing them gives you the upper hand in decisions to take before trading. Having known the exchange platforms and deciding to buy from the best, knowing how to store is just as important as any other method out there. Because storing your assets can also be a challenge, so it is, therefore, important to know the advantages and disadvantages of some digital wallets and their security standards before choosing the right wallet.

Using a trustworthy wallet that is reliable and authentic is a must, wallets that follow the security standards of crypto like the two-factor authentication code mentioned earlier on, strong passwords, and also the secure socket layer (SSL) and transport layer security (TLS) encryptions because they protect internet communications. And also frequent changing of your password is important for those who can easily remember their passwords.

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Mistakes made that make us vulnerable to attacks and ways to stop them

• Avoiding mails that want us to click for free mining of currencies, is one major way of scammers to attack our digital assets.

• Your password, wallet addresses, and keys are something we should hold privately not for public use, so avoid sharing it even with friends you claim to trust.

• The use of a private network that is secured is very important because using public Wi-Fi in making transactions can make us vulnerable to attacks.

• Authentication codes are necessary and important

• Buying hardware wallets like Ledger Nano X, Ledger Nano S, Exodus, Mycelium, etc.

With these measures, I don’t see how it will be possible for attacks on your digital assets