Safety First: How To Protect Your Cryptocurrency Assets

Safety First: How To Protect Your Cryptocurrency Assets

Users should follow a few simple principles to exchange and use cryptocurrencies most comfortably and securely as possible. In this article, we will discuss ways to safeguard your assets.

Choose the best wallet

We do our best to keep your money safe whenever you exchange cryptocurrencies with us. However, once the funds have been withdrawn, we will be unable to assist you and you will be responsible for your own safety.

Before you begin, choose a reliable wallet for basic asset protection: use the recommended services as a guide. The desktop options should be preferred because they are more challenging to hack.

imgStore private keys offline

A private key is a wallet's equivalent of a password: it's required to complete a transaction, such as the crypto-to-crypto exchange. This address must be kept private, even from your friends and acquaintances, because there is a significant risk of losing all your funds with no way of recovering them.

Since the key is a long and complicated sequence of characters, it must be kept somewhere-preferably offline. You can write the code can on a piece of paper or download it to a USB flash drive. Phone notes, private messages on your phone or messenger, email, and any other places where keys might be read remotely are all bad ideas for storage.

imgUse a secure connection

To exchange cryptocurrency and run your everyday errands, use a secure connection. Avoid using public Wi-Fi as much as possible because the connections may be unprotected, allowing attackers to steal your data easily.

Ensure that a website protocol is protected when you visit it: the address bar will be marked with HTTPS. The HTTP mark signifies that the data stream is not protected and that attackers can access it.

Avoid unknown links

Another rule that applies to both cryptocurrency exchange and everyday tasks is to avoid opening suspicious links and files. These can arrive in your mailbox, possibly disguised as a promo offer.

It often turns out that such mailing is the intrigue of malefactors. They can take data from your device using links and phishing programs, including bank card numbers and wallet passwords.

Since recognizing a potentially dangerous link might be difficult, the best strategy is to avoid unfamiliar links unless absolutely necessary.

Verify your transactions

Finally, before confirming your cryptocurrency exchange online, double-check the accuracy of the given data. This is especially important when it comes to the amount and the wallet details: if you type something wrong, you won't get your money back. This is due to the nature of the blockchain and the irreversibility of blockchain transactions. Unfortunately, we cannot do anything about it.


Cryptocurrencies are pretty safe and straightforward to use if you know how to use them. The suggestions provided above will assist you in protecting your assets and reducing risks of fraud.

Recent articles
The largest holders of Bitcoin?

The number of Bitcoins is limited in the blockchain network. Currently, about 18.9 million Bitcoins out of 21 million have been mined. Despite this amount, it is predicted that the last Bitcoin may not be mined until 2140. It is due to several factors: the increasing value of the asset and the complexity of building each block (Bitcoin mining).

How many Bitcoins are mined per day

Bitcoin mining is one of the most interesting questions in the crypto world. How many Bitcoins are mined per day determines the final price of the asset. The principle is simple: the more labor-intensive the process of building each block in the network, the higher the price. Accordingly, Bitcoin mining requires appropriately powerful equipment, which all miners don’t have.

The outlook for cryptocurrency in 2022

We can conclude that the number of coin holders is increasing every year, based on the latest news from the world of the cryptocurrency industry. This is also facilitated by the leading powers, which at the legislative level began to accept bitcoin as a means of payment.

What to buy for Ethereum?

Ethereum is currently the second largest cryptocurrency in terms of capitalization. This trust of coin holders allows various purchases to be made using transactions in the ether blockchain. The purchase of assets for cryptocurrency is more developed in western and southern countries.