10 Security Tips for Safe Trading on Cryptocurrency .

While cryptocurrency is a useful way to move money from one place to another, web wallets, cryptocurrency processing systems and exchange services are all susceptible to compromise by bad actors. So crypto-traders should examine the security features of an online service before adopting a cryptocurrency exchange service. Also, it is just as important to adopt user-end security practices.

For years, financial analysts have warned people away from cryptocurrency by arguing that it was too volatile to be a safe investment. However, with prices going sky-high, it's hard for investors and entrepreneursto sit on the sidelines while a major new asset class emerges.

Here are 10 best practice tips to keep you safe when dealing with cryptocurrency exchanges:

1:- Use New Computer & Install reliable anti-virus software.

2:- Use 2 Factor Google Authenticator with only one IP address.

It’s best to enable two factor authentication (2FA) if your wallet allows for it. 2FA is simply a double authentication of who you are.

3:- Use your smartphone wisely.

4:-Do not keep your cryptocurrency on exchanges when you aren’t actively trading.

5:- Separate Your Funds, Use Cold Storage.Users should always have at least two digital wallets (or even more, depends on amount of crypto funds). One wallet should be used for trading and transactional purposes, and the other wallet should be used to store savings and be kept in a secure location

6:- Consider using more than one exchange service.

7:- Use Secure Wi-fi, Be careful about where you go online when you’re using a device that has a wallet on it. Dangerous websites and risky wi-fi networks put your wallet at risk. At the same time, do not leave your device unattended, or lend it to anyone.

8:- Bear in mind that a dependable exchange service requires new users to verify their identity and location prior to making a deposit.

9:- The cryptocurrency market is full of pseudo-coins and rogue services. Take your time and do your own scrupulous due diligence before trusting an exchange service with your cryptocurrency

10:- Consider examining decentralized exchanges. The difference between decentralized and centralized exchanges is that decentralized exchange does not store your funds. Nobody can gain access to your money except you.

Try to always help beginners to buy and sell with security.

Always, make up a strong password (including some unique characters).

That's all. Be Secure,Keep Investing.

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