Ways to stay safe while investing in cryptocurrency.

[Mary S]

Hi, explain the safest ways while investing in cryptocurrency.

[Dan]

Hi Mary,

The cryptocurrency world may discourage prospective investors from dealing with it. Its transactions are usually online and, therefore, prone to multiple cybercrimes. It is your responsibity as an investor to keep your funds safe.

One way you can keep your crypto safe is by doing your own research about this market and its entailment. You can be sure that you, during cryptocurrency journey, you will come across fraudsters. It is wise to research the cryptocurrency you want to deal with before deciding to invest in it. Know the security measures it provides and the persons offering it.

Always remain vigilant. Avoid logging in to many cryptocurrency sites. Most of these sites will ask for your details, and since you are on the quest to know what you don't know in the crypto world, you have to give in. Your details will out there, and these sites can use them to hack your account. It would be best if you sought knowledge from links whose channels have been officially confirmed.

It is better to store your crypto in a cold wallet. Cold wallets will guarantee you maximum security compared to hot wallets.

Another critical thing to do is to withhold your details. Please do not share them with anyone else, and also have strong passwords for your logins.