Yes. There has been a lot of stories on the news lately about people having fraud committed against
them. Avoiding this is not as difficult as many believe. Below are some simple ways to keep yourself safe
and thriving.
-Always use Cold Storage.
Many people hold their wealth on an exchange. This is one of the most dangerous things anyone could
ever do. Many people held their Crypto assets on the FTX exchange only to wake up one day and lose
everything in an instance. With Crypto, we have seen that some people can be rich one day and broke
the next. Don’t let a collapsing exchange be the reason for this. Always use cold storage.
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-Always assess the risks
For me, Bitcoin is the most secure crypto asset thus far. This is because it’s decentralized and actually
energy must be exhausted to bring the asset into creation; there is also a limited supply. Many other
assets are just brought into existence by virtue of a great computer coder doing it. Of course, many of
these other crypto assets bring real life utility, but a lot don’t. This is where the term Bitcoin or Shitcoins
comes from.
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-Always Surf the internet securely
Surfing the internet insecurely could cause you to lose everything. As I have said before, I have lost a
great deal of my hard earned crypto. I still don’t know exactly how it happened, but long story short,
some hacked into one of my primary accounts. As a result, I lost BTC, ETH, ADA, LTC, BAT, and a few
others. I had a little nest egg going and somehow someone was able to hack into my accounts and steal
it. If you have a computer designed to keep you safe, this is a total (and literal no shit) gamechanger.
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