Despite being one of the most profitable investment assets, crypto is also one of the markets where most scam happens. Every year billions of dollars worth crypto is stolen or scammed from people. Therefore, if you are investing in crypto it is very important to protect your crypto assets. One of the best ways to protect your crypto assets is by saving them in Hardware wallets, which offer robust security. The second best option is to save them on desktop wallets. You can secure your desktop wallets with a private key. The third option is to spread your assets across multiple wallets and exchanges.
How to Protect Your Crypto Assets
- Thread starter Mika
- Start date
Despite being one of the most profitable investment assets, crypto is also one of the markets where most scam happens. Every year billions of dollars worth crypto is stolen or scammed from people. Therefore, if you are investing in crypto it is very important to protect your crypto assets. One of the best ways to protect your crypto assets is by saving them in Hardware wallets, which offer robust security. The second best option is to save them on desktop wallets. You can secure your desktop wallets with a private key. The third option is to spread your assets across multiple wallets and exchanges.
To receive or keep a crypto asset, you nẹdẹ a digital wallet. Thẹre are various digital wallet online. When registering, they will instruct and provide you with all the security details you need to have. If you skip, you put yourself at risk. Your pass phrase or keys is very important. You might be asked to do Google authentication or two step verification. Very important as well. You shouldnt disclose your password or pattern to anybody offline or online. Don't go ahead posting your address or wallet information on social media looking for giveaways. Any project you want to participate in, ensure it's legit before connecting your wallet.
Too keep your crypto assets safe you need to find the right digital wallet. Just like everything else that can be a scam online, there are digital wallets that are scams. So before anything, take your time to find a legit digital wallet. Research and get your facts right before signing up for your wallet. Make sure to always keep your secret phrases in a secret place but not in your phone.
Storing your crypto assets on exchange is still the best way to secure it.