Risks And Difficulties Associated With Cryptocurrency

in LeoFinance2 months ago

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Security is front and center for Crypto-assets, given the heightened cyber risk associated with them.

Some vital points to take note of;

  • The Bitcoin open blockchain is the most robust and secured blockchain on planet earth.

  • Don't share your wallet private keys and password with anyone or even any website.

*It is imperative to note that buying a hardware wallet from someone who has already used it is a high risk. When purchasing a hardware wallet, make sure that it comes approximately sealed.

  • Always set up a 2-Factor authenticator (2FA) for a security check on your Exchanges and wallets.

  • Avoid SMS authenticator you could easily be hacked through your network service provider.

  • Always cross-check the name of the website for your exchange and wallet to avoid a phishing website.

  • Avoid malicious websites

  • It is advised to always purchase your crypto-assets like Bitcoin, Ethereum, and others from a reputable exchange Like Binance or Coinbase.

To see a list of examples of cryptocurrencies in the market please visit Coinmarketcap or Coingeckor.

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Disclaimer: Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of the offering will not guarantee a return on your investment.

References: 1, 2, and 3.

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