5 security tips for safe Crypto Currency Trading !
Be it a 30 billion Tether hack or Verge currency hack from Coin pouch or GOT series hack, life is not safe on internet with lot of hacking activities reported recently. One must be very cautious while dealing with Crypto currency exchanges and wallets. We are a team of crypto currency traders who are led by a securtiy expert. We all met and discussed few things related to security aspects of crypto currency trading and I bring them to you here in Steemit for free so show me some love after you read.
Never ever use personal Email ID as personal IDs are linked to lot of social media networks and it ecomes easy for hackers to recognize and hack further details of your transactions. During every buy and seel notifications are sent to registered email ID and it is an easy option for hackers to hack your email and know about your transactions which may lead to hack your crypto wallets.
Always use two factor authentication: Two factor authentication is must in every crypto currency trading. Please ensure you set two factor authentication for logging in to exchange also for withdrawal of currencies from exchange. If you have not used AUTHY, do explore and use this as two factor authentication.
Try not to use smart phones for trading or at least avoid Mobile phones with lot many apps installed in pone with so many permissions it becomes easier for hackers to steal your information from some other app and hack your security credentials. So always use secured network and PC browsers for trading.
Use hardware wallets for High Volume trading : It is easier to hack software wallets and hence it is advised to use hardware wallets for high volume trading. Many companies have launched hard ware wallets which might help you to explore.
Do you own research before investing: One must be aware of what he is doing and where he is investing. There are so many fake crypto coins and crypto exchanges which might mis lead you to steal your money. DYR (Do you own research) is must before trading.