How to store your cryptocurrency by selling
As the cryptocurrency world continued to grow, trade in these digital wealth has become a popular and profitable way to earn income. However, with great power, there is a huge responsibility, especially when it comes to protecting your cryptocurrency when selling. Increase in fraud, burglary and other harmful activities, it is necessary to take proactive steps to prevent potential risk.
To understand the basics of cryptocurrencies
It is very important to understand some of the basic concepts before immersing its cryptocurrency, before immersing its cryptocurrency:
* Cryptocurrencies : These are digital or virtual currencies using cryptography for safe financial operations.
* Wallets : Digital storage solutions used to store, send and accept cryptocurrencies. Popular wallet options include Metamask, Electrium and Jaxx.
* mining
: Operations check process on the blockchain network, usually using powerful computers called “mining platforms”.
* Smart Contracts : Independent contracts with the terms of the agreement directly written in the code lines.
Protect your wallet
Here are some of the most important tips to help you keep your wallet:
- Use strong passwords : Choose unique and sophisticated passwords for each of your wallets.
- Enable two -factor authentication (2FA) : This adds an additional safety layer to require a second check, such as fingerprint or phone call, without password.
- Keep your wallet software updated : regularly update your wallet software and plugins to make sure you have the latest safety corrections.
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Keep your personal keys
Your personal keys are your most sensitive information when you need to trade cryptocurrencies. To make them safe:
* Keep them in a safe location : Keep your private keys in a safe place, such as the Fireproof Safe or in a locked cabinet.
* Use hardware wallet with PIN code : Some hardware wallets offer additional safety features such as a PIN for accessing the device.
* Be careful about fraud fraud : Be careful email Letters or messages claiming that you are from your wallet supplier as they can be fraud fraud.
Observe your account activity
Regularly check your account activity and operation history:
- ** Unauthorized Operations
2.
By doing this best practice, you can significantly reduce the risk of losing your cryptocurrency assets. Remember that cryptocurrency is a high -risk investment, but you can enjoy it with caution and ready to enjoy its awards while protecting you from potential losses.