How to Enhance Cryptocurrency Safety

Buying cryptocurrency is one aspect; maintaining cryptocurrency safety requires a whole other level of knowledge and skills that are possessed by the experts only. Ideas for the safekeeping of cryptocurrency is a requirement in the modern world. Keep in mind that cryptocurrencies are based on cryptography which in turn is a study of techniques used for safe communication. It is extremely difficult to hack a Blockchain or private keys as hacking an algorithm protected through cryptography will need a near-impossible amount of computational capability. Despite such safety measures, there have been many reported instances of cryptocurrency thefts. It is more likely to happen to those just beginning their foray into the cryptocurrency market. Here are some cryptocurrency safety tips for protecting your digital assets.

Four Tips for Protecting Your Digital Assets:

1. Be aware of phishing attacks

Phishing is a fraudulent attempt for acquiring sensitive information from the users by hackers disguising themselves as a trustworthy entity. Hackers use a common scamming technique that involves the creation of a fake version of an exchange that is identical to the exchange. Or it may involve creating a web wallet page identical to that held by the cryptocurrency holder. The hackers will mail this link to the scam victim together with a convincing message. The message will convince the victim to log in and take action. There are many instances of people giving in to this tactic and accessing these sites to enter their details. This data is then used by hackers for doing what they wish. To avoid this phishing attack, ensure that the link displayed in the browser is the same as the one in the web wallet or exchange.

2. Do not store cryptocurrency on exchanges

Even when you are taking the right actions regarding cryptocurrencies, it does not mean that the cryptocurrency exchange is also doing the same. Many cases in the past indicate that large exchanges have lost the funding of users or are freezing. It can either be because of hacking or technical errors. When you are planning to trade the funds, transfer them from the exchange in the wallet. If you still wish to keep the cryptocurrency in an exchange, you can opt for some safe alternatives such as eToro or Coinbase. These are safe alternatives, and your cryptocurrency will lie safely in these exchanges.

3. Buy a hardware wallet for cryptocurrency

Using a hardware wallet is a safe way of storing digital assets. A cryptocurrency hardware wallet points to a physical device that performs the function of maintaining the private key safely away from the eyes of criminals. They also provide users with simple access to their cryptocurrency. There are many hardware wallets available in the market, but the popular ones are Ledger, Trazor, and KeepKey. Your private keys are stored behind an impenetrable circuit. Another possibility would be to encrypt private keys in a zip file. This permits users to sign transactions by using a single click. This wallet also has a seed. It is a physical paper allowing the wallet users to relocate their keys to an alternative wallet in case the instrument gets stolen.

4. Keep away from using public Wi-Fi

Wi-Fi is responsible for diverting the browser to any page. It can be a mimic of your wallet or exchange. It allows the hackers to collect the data transmitters via that network in the event it carries the password typed by you. If you have to use public Wi-Fi for accessing your wallet, ensure that you are using a secure Virtual Private Network (VPN). This ensures that you are adding security and privacy to both the public and private networks such as Wi-Fi hotspots and the internet. VPNs are used by organizations for protecting sensitive data.

cryptocurrency safety Conclusion

There are many other measures you can take such as using tough passwords and maintaining your holdings private; however, the ones mentioned above are especially important. Cryptocurrency has become a popular business in the last few years. This rising popularity can be attributed as one of the main reasons for attracting the attention of several hackers. The cryptocurrency markets are getting more profitable every day and there is no need to panic. Keep these cryptocurrency safety tips in mind while dealing with the digital currency. It will not only allow you to become a crypto expert but also allow you to secure your cryptocurrency.

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f) And finally, a statement, made under penalty of perjury, that the aforementioned information in your notice is the truth and accurate, and that you are the copyright or intellectual property owner, representative or agent authorized to act on the copyright or intellectual property owner’s behalf. The American Publishing, LLC Agent for notice of claims of copyright or other intellectual property infringement can be contacted as follows:
Mailing Address:
American Publishing, LLC
Attn: Copyright Agent
17 Hoff Court, Suite B
Baltimore, Maryland 21221
Telephone: 443.231.7438
Fax: 410.238.2835
Email: karen.austin@uscybersecurity.net
CLOSED CAPTIONING
BE IT KNOWN, that American Publishing, LLC complies with all applicable Federal Communications Commission rules and regulations regarding the closed captioning of video content. For more information, please visit our website at www.uscybersecurity.net.

GENERAL INFORMATION
ENTIRE AGREEMENT
This TOS constitutes the entire agreement between you and American Publishing, LLC and shall govern the use of our Services, superseding any prior version of this TOS between you and us with respect to American Publishing, LLC Services. You may also be subject to additional terms and conditions that may apply when you use or purchase certain other American Publishing, LLC Services, affiliate Services, third-party content or third-party software.

CHOICE OF LAW AND FORUM
It is at the mutual agreement of both you and American Publishing, LLC with regard to the TOS that the relationship between the parties shall be governed by the laws of the state of Maryland without regard to its conflict of law provisions and that any and all claims, causes of action and/or disputes, arising out of or relating to the TOS, or the relationship between you and American Publishing, LLC, shall be filed within the courts having jurisdiction within the County of Baltimore, Maryland or the U.S. District Court located in said state. You and American Publishing, LLC agree to submit to the jurisdiction of the courts as previously mentioned, and agree to waive any and all objections to the exercise of jurisdiction over the parties by such courts and to venue in such courts.

WAIVER AND SEVERABILITY OF TERMS
At any time, should American Publishing, LLC fail to exercise or enforce any right or provision of the TOS, such failure shall not constitute a waiver of such right or provision. If any provision of this TOS is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of the TOS remain in full force and effect.

NO RIGHT OF SURVIVORSHIP NON-TRANSFERABILITY
You acknowledge, understand and agree that your account is non-transferable and any rights to your ID and/or contents within your account shall terminate upon your death. Upon receipt of a copy of a death certificate, your account may be terminated and all contents therein permanently deleted.

STATUTE OF LIMITATIONS
You acknowledge, understand and agree that regardless of any statute or law to the contrary, any claim or action arising out of or related to the use of our Services or the TOS must be filed within year(s) after said claim or cause of action arose or shall be forever barred.

VIOLATIONS
Please report any and all violations of this TOS to American Publishing, LLC as follows:
Mailing Address:
American Publishing, LLC
Attn: Copyright Agent
17 Hoff Court, Suite B
Baltimore, Maryland 21221
Telephone: 443.231.7438
Fax: 410.238.2835
Email: karen.austin@uscybersecurity.net

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