5 Rules to secure your cryptocurrency

By Cryptohem | My crypto knowledge 2020 | 15 May 2020


If you own cryptocurrency and worried about keeping your money safe and secure. Keep this 5 rules in your mind. Then you can own cryptocurrency. Else don't own it.

RULE1#  YOUR BASIC IT KNOWLEDGE AND YOUR OWN  RESPONSIBILITY ON HOW SECURE YOU ARE.

If you dont have a fair knowledge in IT then cryptocurrency will be a waste for you. And in the long term it will not be your money anymore. You have to know that  cryptocurrencies is a  decentralized  money and there is no stake holder nor any trustworthy bond to sign or any vault to keep just like in bank. You are the bank itself. You cannot complain to anyone when you lost your money.And no one can help you  reseting your password once forgot.

RULE2# YOU CHOICE OF WALLET

You need to choose only core wallet. They are designed conservative. Also set strong password.A core wallet not only allow to receive or send money but also alowed to program.

RULE3# STOP USING MOBILE WALLET

 If you are trying to save huge amount  of cryptocurrency them mobile wallet is not your option. You can have it you are about to used it pretty soon or if you have few  amount .because once you lose your phone all  your hard earn  funds are gone forever. No one cam be sure of what will happen to your mobile phone any time. So its a big risk your are taking.

RULE4# USE ONLY UPDATE VERSION OF ANTIVIRUS

Your anti-virus software needs a frequent updatea. So you shoud be ready to inveat some if you want more. Because it doesnt comes for free. Hackers are looking for such opprtunities.

RULE5# SETTING UP TWO-FACTOR AUTHENTICATION PASSWORD

So your password is your key to your own bank.being a cryptocurrency holder , you must enable two-factor authentication factor all the time. This is the vault for your bank.Always keep secret about your private key. Because if you dont have it then you don't own cryprocurrency.

 

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Cryptohem
Cryptohem

A music lover,crypto enthusiatic,blogger and a writer. Crypto will cope the world


My crypto knowledge 2020
My crypto knowledge 2020

I am new in crypto world .but i am sharing whatever i knew about the latest crypto information.

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