Over the years, cryptocurrencies have positioned themselves in the financial market to such an extent that large corporations are adopting them as a payment method and, in turn, betting on their future.
About ten years ago, nobody considered investing in cryptocurrencies; today, it has become a source of income for many and an investment haven for others. Sign up at the official site of
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The fact that no regulatory body still raises many doubts because it is difficult to understand how a platform as innovative as blockchain guarantees the security of transactions without the intervention of third parties.
This particularity is the main attraction for many prestigious companies such as Pay Pal, Microsoft, and Takeway.com, which carry out online purchases of goods and services with cryptocurrencies, mainly Bitcoin.
Points in favor of digital currencies
We know cryptocurrency is a dangerous financial market for many, but a pertinent and timely analysis can avoid these risks and turn them into great investment opportunities.
Some of the advantages suggested by many companies adopting cryptocurrencies are listed below.
- Transactions are executed in a short time and with transparency.
- The commissions or costs per operation are meager
- Transferred funds can be monitored
- They are fully decentralized or independent from the traditional financial market.
Cyber-attacks are the main risk.
The management of cryptocurrencies, whether by natural or legal persons, requires protection and security regarding the operations carried out and the applications used to operate with cryptocurrencies.
Below are some tips to protect your cryptocurrencies from fraud attempts or cyber-attacks.
Two-Step Place Authentication
To access your cryptocurrency accounts, it is recommended to use at least two user authentication methods so that hackers fail in their attempts.
Some authentication methods are facial or fingerprint recognition, emails, or a phone number confirmed through messages; this will also depend on our device.
Never use passwords that you have used in other accounts, much less include data such as dates of birth or last names; these are always the most applicable data.
Use the wallet offline.
Every time you go to make a trade, put your wallet offline; consequently, visible online wallets are the first target of hackers.
The suggested strategy is cold storage, which consists of printing the transaction key and automatically deleting traceable data, preventing strangers from accessing the account, something that, when you are connected to the Internet, is impossible to avoid.
Enter only one device.
Having a computer for exclusive use to carry out operations with cryptocurrencies is not something that makes you annoying; when the responsibility for your accounts or a company is on you, you must be meticulous.
Only enter if it is urgent from a reliable team.
Keep your device safe.
It is essential to have a security system that keeps devices protected from possible cyberattacks.
Failure to have this type of security system, known as antivirus or antispyware software, may result in you being a victim of information theft or kidnapping.
Never enter unsafe links.
Avoid entering pages with a dubious origin; you should always check the URL of the website you are entering or intending to enter.
Through these two options, hackers get into devices that have cryptocurrencies.
Conclusion
It is essential to stress that care must be taken when trading cryptocurrencies before, during, and after.
Once the security of our account is breached, it is impossible to recover the lost money.
Many offers of dubious origin are scattered on the web; the responsibility of each user is to make the right decision about which page or suggestion is safe and trustworthy.
As much security as the blockchain platform offers, lets remember there are more risks to which you expose yourself as an investor. Even an authentication error could be fatal for investments.
The best thing would be that you always do a preliminary analysis of the steps to follow when investing or making payments with cryptocurrencies; There may be many virtues, but whoever wants to take advantage of them will always be on the lookout for the vulnerability of a distracted individual or corporate investor.
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