5 STEPS TO KEEP YOUR DASH SAFE | Safe Cryptocurrency | Dash Coin

5 STEPS TO KEEP YOUR DASH SAFE | Safe Cryptocurrency | Dash Coin


 

5 STEPS TO KEEP YOUR DASH SAFE. Theft and human error are the greatest risks to Dash coin and cryptocurreny holders. There are many benefits to using dash coin just as long as you keep your private keys secure. Transactions are irreversible which makes it very difficult to recoup lost funds.

For those who are new to crypto, here are three simple steps to keep your coins safe…

#1: Use Cold Storage
Cold storage means isolating your private keys from the internet by keeping them offline. This can be done by creating a paper wallet or using a hardware wallet. If done properly, private keys sitting on cold storage are unhackable.

The simplest and most convenient way to store your coins is to use a hardware wallet like Trezor and Ledger. These wallets will give you all the ease of a web wallet combined with the security of cold storage.

#2: Minimize Counterparty Risk
Most coin losses are the result of exchanges getting hacked or mismanaging money. Exchanges are useful for trading coins but you need to be mindful of the risk. It’s important to not use exchanges as a bank or a permanent way to store your private keys.

#3: Use Strong Passwords
When opening any cryptocurrency related accounts you want to make sure to use strong and unique passwords. Most people make the mistake of using the same simple passwords on multiple accounts. Your passwords should be at least 16 characters long with a combination of numbers, letters, capitals and symbols. It’s important to not reuse any of your passwords or store unencrypted digital copies of them.

#4: Use Two Factor Authentication
Anytime you open up an account on an exchange it’s important to activate two-factor authentication (2FA) in the security settings. 2FA generates a secondary password on your phone or device every time you log into your account. In the event that a hacker gets a hold of your password they also need physical access to your phone as well.

#5: Double Check Addresses
When sending or receiving coins you always want to double check that you’re sending to the right address. Bitcoin accidents can be very costly so take your time and make triple sure when sending money.
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Crypto wallets info
Crypto wallets info

We want to change the style and method of education. we want to decrease the cost and expensive of education. We provide education at home through internet. We provide free facility to everyone.we want to change every person in to literate person ...


Crypto Wallets Info
Crypto Wallets Info

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