The benefits of this are anonymity, well-validated transactions, cheap transaction costs and fast transactions. However, the anonymity in combination with the decentralization also provide the necessary challenges. It ensures that the crypto landscape gets away from the wild west. There are countless parties that sell cryptocurrencies, countless exchanges and countless different wallets. However, there is no watchdog or authority that controls and regulates the market. There are no certifications or safety standards for exchanges and wallets. This makes entering the cryptocurrency market quite risky. Unfortunately, the past has proven that both individuals and organizations regularly fall victim to hackers and scammers. Hundreds of millions of euros in cryptocurrencies have been lost.
- When someone is hacked or scammed in the crypto market, there are few if any leads. The chance that you have lost your money forever is therefore very high. This means that as a cryptocurrency owner or trader you will have to spend some time in the security of your crypto currency. In neuer capital Crypto trading platform full review you can have a perfect deal.
Cryptocurrency protection is a fairly broad topic to talk about. The first thing to understand is that security and ease of use often work against each other. Many tips that you find on the internet are good in terms of safety but have unpleasant consequences for ease of use.
In this post I give you X tips for securing your cryptocurrencies. The tips are fairly broad and can vary from securing your wallet to selecting ICOs safely. With each tip we also discuss the possible disadvantages that the tip has on ease of use. Which security measures you take is of course entirely up to you.
Securely protect your devices
The first tip costs you little effort, has no negative implications for ease of use and gives you a lot. Protect your devices properly! You will not be the first to be hacked by a backdoor trojan or a keylogger. A good virus scanner and a good firewall on your PC can stop many keyloggers and such. Also don’t forget your mobile devices such as your phone and your ipad. These also require a good virus scanner and a good firewall application. Think twice before you jailbreak or root your phone.