How to Protect Your Cryptocurrencies
Hello to my friends who love life and keep smiling despite all kinds of negativity. Nowadays we are living bull season, you started making money. You make your trading transactions on the stock exchanges. I hope your earnings will be good. So where should you store your cryptocurrencies? How logical is it to keep it constantly on the stock markets? In this article, we'll talk about how to store your cryptocurrencies. Lets start…
Activating Two-factor authentication (2FA) in your wallet and account on the exchange; you must turn on the two-factor authentication (2FA) feature in the security settings of your wallet and exchange account. Thus, every time you log in, it will come to your e-mail account and you can log in with the password created with Google Authenticator. So you can prevent your account from being hacked.
Do not share or lose your wallet's private keys with anyone; if you share it, you give the key to your safe. If you lose, you won't be able to get your cryptocurrencies again. Even the company that makes the wallet you use will not ask you for your private key.
Do not rely on scam projects that promise gifts; mostly, you are asked for a certain amount of cryptocurrency and then they say that they will return it with 2 or 3 times or send the cryptocurrency belonging to their own projects. Be vigilant. Do not invest in projects that are not supported by well-known exchanges (Binance, Huobi,…) or financial institutions (Grayscale,…) in the cryptocurrency markets.
For cryptocurrency transfer, first make small; for the first time, do not make a large amount to the address where you will make a cryptocurrency transfer. Make sure of the address, transfer the smallest amount allowed. After making sure that the transfer has taken place, send the amount you want. Paying two transaction fees may sound silly, but considering the cryptocurrencies you'll lose, it's well worth the cost.
Make sure your wallet is safe;
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There is a wide variety of wallets available. They are paper, hardware, web, desktop and mobile wallets. When choosing a wallet;
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What is your purpose ? Do you buy and sell constantly? Or is it to keep it at a time frame you specify?
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Number of users
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Security features, private key, password, two factor authentication,…
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User comments on social media and forums
My friends, please do not lose the cryptocurrencies you have earned under difficult conditions. This is important for the future of you and your family. You invest in the future. We have come to the end of the current investment tools.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
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