The emergence of cryptocurrencies has brought more possibilities to people, but for the inexperienced, they are also full of various risks and dangers. Risks associated with holding, using, and trading cryptocurrency can be avoided to a certain extent by following the following three main security principles.

Keep it private

Due to the nature of the Internet, information can Spread quickly, but sometimes the direction of information dissemination is not what people expect.

There are many people with malicious intentions in the market who will do their best to use all kinds of despicable means to try to steal your cryptocurrency. Most attacks and threats are generally widespread, and most attack methods are to cast a wide net to catch users who are easily deceived or not focused enough, and they do not necessarily target a specific individual. . However, if you inadvertently disclose your sensitive information, which makes you a target, more sophisticated and targeted attacks may follow.

Make suggestions:

●     Don’t be too public Your own successful transactions

●     Do not disclose the address you have used before

●     Be sure to check your account balance Keep it confidential

●     Avoid sharing information associated with offline identities

●     Use encrypted Communication Channels

In the long run, a small amount of satoshi in your wallet may become more valuable in the future. Or maybe, you decide to delete your password. But all of that may not matter. What matters is ensuring that potential attackers, distant relatives, or just jealous strangers and acquaintances don't have timely access to your notes.

Self-protection

Traditional banking system users and cryptocurrency users Often victims of similar scams and scams. However, with the advent of cryptocurrencies, more responsibility has fallen squarely on the shoulders of the end-user, a result largely due to the inherent lack of trust and immutability of processed transactions.

The bank, as a trusted entity, has absolute control over your funds. Moreover, banks are also regulated and communicate with each other, making it easier to prevent and combat fraud. If you were scammed or made a mistake when transferring money from your bank account, you can usually ask for a refund. In cryptocurrency, however, once a transaction is uploaded to the network and confirmed, it cannot be reversed.

So please stay alert at all times. And learn more about common phishing tactics, discover the presence of keyloggers, and learn more about common threats from Binance Academy. Being familiar with these potential dangers will help you better protect the security of your coins.

The first step to improve your overall security is to use strong and unique passwords and enable 2FA verification to protect your online accounts.

Making a typo when creating a backup, sending your tokens to the wrong address, or simply making a bad decision, all of which can jeopardize your security and Cause a lot of inconvenience. So please always be vigilant and never forget to protect yourself from harm.

When we were young, our parents often taught us to "think before you act." And this statement becomes even more important when it comes to the use and protection of cryptocurrencies.

Be your own bank

In order to ensure that To ensure the availability of coins and maximize your security, it is recommended that you go offline to save your private key. While today's exchanges are more secure than ever, it is recommended that you only keep a large amount of money in your account if you are trading frequently. Additionally, like funds in a bank account, you cannot take ownership of the tokens unless you have unique access to your private keys.

For the first time in history, you have the opportunity to own digital assets that are as valuable as the cash or precious metals you once owned. Unlike other types of assets, you can now back up your cryptocurrencies on a piece of paper and access them securely from anywhere in the world.

Of course, as mentioned before, there may also be certain dangers in holding and protecting these cryptocurrency private keys. Fortunately, however, there are security tools on the market that can help you address these challenges and allow you to reap the full benefits of these emerging technologies.

There are different types of cryptocurrency wallets designed to store private keys in the market, and their security, ease of use, number of use cases, and usability also vary. Each is different. Choose the one that suits you best based on your personal opinion.

In general, both software and mobile wallets can provide a variety of functions and are easy to use. The biggest disadvantage in terms of security of these software and mobile wallets is that they all need to be connected to a very complex and often online environment. This factor creates opportunities for viruses and hackers to access your coins. Therefore, inexperienced users should only use these software or wallets to store or trade small amounts of cryptocurrency.

Writing the private key on a piece of paper (or burning it on a metal plate) and keeping it in a "paper wallet" is generally considered the most secure method of storing private keys. However, they are also often difficult to manage and can only be used once.

Hardware wallets can strike a good balance between ease of use and security. These portable devices protect private keys from malware and hackers by storing them offline, but they cost between $70 and $200, and most operations require physical confirmation.

Remember, safety is never absolute. Therefore, you should update your database frequently and check your potential weaknesses regularly.

This article is provided by Trezor.io