5 rules to protect your cryptocurrency

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Avatar for Abothe
Written by
4 years ago

If you own cryptocurrency and worried about keeping your money safe and secure. Keep this 5 rules in your mind. Then you can own cryptocurrency. Else don't own it. I had published the same article in publish0x also https://www.publish0x.com/my-crypto-knowledge-2020/5-rules-to-secure-your-cryptocurrency-xdrrgyo.

Join me here https://www.publish0x.com/?a=9wdL9ZYvej

RULE1#  YOUR BASIC IT KNOWLEDGE AND YOUR OWN  RESPONSIBILITY ON HOW SECURE YOU ARE.

If you dont have a fair knowledge in IT then cryptocurrency will be a waste for you. And in the long term it will not be your money anymore. You have to know that  cryptocurrencies is a  decentralized  money and there is no stake holder nor any trustworthy bond to sign or any vault to keep just like in bank. You are the bank itself. You cannot complain to anyone when you lost your money.And no one can help you  reseting your password once forgot.

RULE2# YOU CHOICE OF WALLET

You need to choose only core wallet. They are designed conservative. Also set strong password.A core wallet not only allow to receive or send money but also alowed to program.

RULE3# STOP USING MOBILE WALLET

 If you are trying to save huge amount  of cryptocurrency them mobile wallet is not your option. You can have it you are about to used it pretty soon or if you have few  amount .because once you lose your phone all  your hard earn  funds are gone forever. No one cam be sure of what will happen to your mobile phone any time. So its a big risk your are taking.

RULE4# USE ONLY UPDATE VERSION OF ANTIVIRUS

Your anti-virus software needs a frequent updatea. So you shoud be ready to inveat some if you want more. Because it doesnt comes for free. Hackers are looking for such opprtunities.

RULE5# SETTING UP TWO-FACTOR AUTHENTICATION PASSWORD

So your password is your key to your own bank.being a cryptocurrency holder , you must enable two-factor authentication factor all the time. This is the vault for your bank.Always keep secret about your private key. Because if you dont have it then you don't own cryprocurrency.

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Avatar for Abothe
Written by
4 years ago

Comments

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4 years ago

Good content..keep it up

$ 0.00
4 years ago

Thank you for your encouragement. Hoping to write more which is useful and which interest our readers.

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4 years ago

Yeah! Love to read your ideas..

$ 0.00
4 years ago

As i am new in cryptocurrency, your article help me to know some of the basic rules, informative article.

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4 years ago

Good content. Looking forward to seeing more contents like this. Good advice for Bitcoin protection. Thanks alot...

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4 years ago

You are welcome. Yes we all need such advise also . People are lacking such knowledge .so they became the victim of hackers .hope people willl understand it now a bit

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4 years ago

This Is a good article thanks for it but I think it could be written better than this . Good job

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4 years ago

Thanks yes .. it's just a summary i will write more clearly in my next paper. Regarding different types of walletband its securit measure

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4 years ago

Ok I will be waiting for it

$ 0.00
4 years ago

Sure will do my best to let people understand more better at one time.because i feel the same thing as you do.

$ 0.00
4 years ago