How to safely secure your cryptocurrency

in LeoFinance2 months ago

Crypto safety is very important and security measures should be able for the securing of crypto. Crypto currency should be properly secured, just like we protect our important items against intruder's and thieves, we also protect crypto currency against this things, most crypto currency one may have in his or her account worth a lot $$ and there are many scammers and hackers who focus on stealing people's crypto, the use different ways to achieve their aim, and this is the more reason why we need to be more active and find ways to secure our wallet which contains our crypto currency.

Most people has complained of money lost to scammers in the pass and it is still happening, one lossing his crypto currency is a very bad experience, which one should not go through, just like lossing your fiat money or tangible commodity is very painful, the same with lossing your crypto which has many value, so you have to always secure your wallet and safe guide it to avoid any painful experience or lost of funds.

Am happy I haven't lost my crypto holding to scammers or hackers, because I know what one can pass through if something like that happens, so am happy that something like that haven't happened to be and I need to be careful for me not to experience that situation, we all equally need to be careful for us not to experience such.

When it comes to crypto currency, the crypto currency I have In my wallet now is BNB,BTC,USDT AND HIVE, I keep some of my crypto holding on the exchange wallet like binance and the rest, and since I am a crypto trader it is easier for me to run transaction with my crypto in an exchange wallet, but before you transfer your funds into any exchange wallet you have to make sure the exchange wallet is truly secured and can't be manipulated, also be careful of links so that you will not click the one that will lead you to an unknown site, and might then have access to your password or key's.

I have this cryptocurrency and am saving them in my wallet, everyone has been talking about the bull run and I don't know how everything will be, but I will be leaving this my crypto currency for the long run in other to know if there will be massive increase in price, so that I can take my profits. From what I am seeing am sure there will be a massive bull run and a high increase in price and everyone will benefit massively from it, so you can decide to leave your crypto holding or sell off.

The highest amount of crypto I have is hive, and I powered most of them up, power up which we can call staking, the price of HIVe is already increase and am excited with it's increase. For me I think my hive wallet is secured, my reason is because our wallet has a special keys this used to securely safe anyone account and it is impossible for anyone to access someone's account without this keys, unless they get in touch with the keys, but still the keys can be changed, so if we feel like someone is with our keys we can report and quickly change them to avoid lost of funds.

Most of my crypto holding is on hive but still, I have some coins that I prefer to keep in a non-custodial wallet. These wallets are a good option because we keep the key with us and nobody can access the wallet unless they have wallet keys.

  • METHOD'S ON HOW YOU CAN SECURE YOUR CRYPTO WALLET
  • Two-factor Authentication (2FA)*

  • Two-factor Authentication is a security and identification method that consist of two forms or verification to access one wallet or perform any form of transportation. This method is very important and can consist of an email verification and Authenticator app verification, it can also consist of a password or a finger print to verify that you are the owner.

Second-factor authentication is very vital for accessing secured websites were crypto currency can be done. Although most app and website allow users to determine whether they will use the authentication or not, most users skip this part but it's always advisable not to skip this part but to input it so your account will be strong and you will avoid any lost of funds. So the the authentication is highly recommended.

  • Secured wallet

  • Before you transfer your crypto to an wallet or use any wallet for your crypto transaction, you have to make sure that it is a secured wallet. Making researches before using a particular wallet is also advisable so that you will not make use of a wallet created by scammers who's aim are to take people's crypto and investment. If possible you can ask someone who has been into the business of a more secured and reliable wallet that you can use.

In conclusion; Please be careful with your crypto currency, many are out there and their only purpose is to take others have suffered to gain and reap from where they did not sow, so always be watchful. Make use of the essential tools you have to protect your wallet and secure it and make research before saving your crypto in any wallet, you can make use of some of the internet and find reliable apps and also see feedback of people that has made use of it.

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