How to keep your cryptocurrency safer

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Sometimes buying cryptocurrency is not the problem, but keeping it safe is the problem that most people are facing. A lot of people have been chatting me up about losing their cryptocurrencies to fraudster, misplacing their private keys, and a whole lot of other ugly things.

Having a cryptocurrency, which is seen as the future of finance, is an asset one needs to nurture very well so as not to lose it to scammers. In this post, we are going to learn about the safer way to keep your cryptocurrencies so as not to lose them.

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• Make research on the best and most secure exchange.

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In the crypto industry, there are numerous exchanges that you need to research before investing your money. Some exchanges are not highly secure, meaning they can be attacked by hackers, which is why you should look for an exchange that has high-security features. Some exchanges support additional security features such as Google Authenticator (2FAC).

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• Don't share your private key information with anyone.

It is hard to trust someone when it comes to money. Your private key should be secret information for you alone. Disclosing the information of your private keys with your friends can be terrible because they can turn against you and steal your cryptocurrencies. The reason why it is called a private key is that it's your identity that needs to be confidential. Your public key, which is your address is what you can share out with your friends.

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• Avoid Linking your Wallet to other untrusted sites.

Today, most airdrops do require users to link their crypto wallets to their own to be able to claim rewards. Some of them are fake, and your account can be compromised if you are not careful. Ensure that when connecting your wallet to any airdrop, it's the wallet where your cryptocurrencies aren't stored.

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• Back up your wallet.

If you are using wallets like Metamask or TrustWallet that provide users with a phrase key, you have to ensure that you back up your phrase key since losing your phrase key means losing access to your account. There are several ways you can back up your phrase key and private key, including by storing them in a safer place, writing them down on a piece of paper with a pen, and several others.

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• Apply Facial recognition, password, biometric, or 2-Factor Authenticator .

Your device can be open to your friends or loved ones, so you should apply extra security to protect your cryptocurrencies. To do this, you can use a pin or any other security measure to unlock your wallet, which you can enable under the settings of the wallet you are using to store your cryptocurrencies.

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Conclusion

The rate of scammers these days is so alarming that one needs to protect his or her cryptocurrencies from being lost to scammers. We all need to be careful, if not a little mistake can make you lose access to your cryptocurrencies.