Three general security principles you should be following: 🔸 Maintain your privacy 🔸 Protect yourself 🔸 Be your own bank
Cryptocurrencies have brought lots of exciting possibilities, but they are also full of risks and dangers for the inexperienced. Follow the three main security principles outlined below to mitigate some risks associated with using, holding, and trading cryptocurrencies.Thanks to the nature of the internet, information can propagate very quickly, and sometimes, in undesirable directions.
Be vigilant. Learn about common phishing tactics, find out what keyloggers are, and get to know common threats described in Binance Academy. Getting familiar with these dangers will help you keep your coins secure. ‘Measure twice, cut once’ says the proverb many of us heard from our parents. When it comes to using and protecting cryptocurrencies, it becomes increasingly relevant.To ensure the availability of your coins and maximize your security, it is recommended to hold your private keys offline. Although exchanges are generally much safer than ever before, it is still recommended to keep substantial amounts on the exchange accounts only if you are an active trader.
The types of cryptocurrency wallets designed to hold your private keys vary in their security, ease of use, number of use cases, and even availability. Consider your options and choose a type that fits your needs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Are Nodes? | Binance AcademyUsually, a node consists of a physical network device but there are some specific cases where virtual nodes are used. Learn about nodes on Binance Academy.
Read more »
Trade, Swap, or Convert: 3 Ways to Buy Crypto for Binance Launchpool | Binance BlogRead this guide to learn to easily convert your crypto into BNB, BUSD, or BETH, to participate in Binance Launchpool and earn passive income in the latest tokens coming to Binance.
Read more »
The 5 Different Types of Users on Binance P2P | Binance BlogEver wondered who uses Binance P2P for peer-to-peer trading? Read about the 5 different types of users and what role they play in the Binance P2P ecosystem here.
Read more »
Binance Will Support the Nervos Network (CKB) Upgrade & Hard Fork | Binance SupportFellow Binancians, Binance will support the Nervos Network (CKB) upgrade and hard fork. The Nervos Network (CKB) upgrade and hard fork will take place at the Nervos Network block height of 5,414 ,...
Read more »
Binance takes legal action against fake billboard ads in TurkeyThe advertisement also includes telephone numbers that, when dialed, can connect potential victims to scammers.
Read more »