CertiK co-founder Ronghui Gu said using a hardware wallet should help new users combat network-connected hacking attempts.
within the crypto space might deter new users from jumping in, crypto security professionals say that there are ways for them to avoid the riskier parts of crypto.
Luciano Ciattaglia, the director of services at cybersecurity company Hacken, said that new digital asset users should avoid decentralized finance or decentralized exchanges when starting their crypto journey. Ciattaglia said: Ciattaglia added that when putting funds into a custodian, users “rely on their trustworthiness.” Because of this, the executive advised new users to choose exchanges that have a good track record in terms of security and funds availability.
“Consider investing in a hardware wallet for the highest level of security, as these devices store private keys offline and are highly resistant to network-connected hacking attempts.”
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.
DeFi Project Plans to Open Up a Huge Market With its New DeFi Debit CardCrypto Blog
Read more »
Defragmenting DeFi: How users can manage their DeFi portfolioVelvet Capital aims to become the operating system for DeFi asset management. Here’s how it aims to simplify DeFi for everyone
Read more »
DeFi TVL Doubled Since Q3, 2023, Exponential.fi Report SaysDeFi risk assesment system Exponential.fi releases its optimistic State of DeFi 2024 report
Read more »
DeFi Saver integrates Safe to bring account abstraction to DeFiDeFi Saver, one of the leading apps for creating, tracking, and managing DeFi positions on Ethereum just announced they’ve integrated account abstraction leader Safe, to take the experience of DeFi users to the next level
Read more »
DeFi Saver Integrates Safe to Bring Account Abstraction to DeFiCrypto Blog
Read more »
LIF3.com integrates Fireblocks to elevate safety and security in next-generation consumer DeFiCrypto Blog
Read more »