1. Secure Wallets: Cryptocurrency wallets are encrypted with a unique key to ensure the security of the stored coins. It is important to back up the keys in a secure location, such as a paper document or USB key, or use a secure wallet provider.
2. Use Two-Factor Authentication: When setting up cryptocurrency accounts, it’s best to use two-factor authentication (2FA). This requires a user to enter their username, password, and a code sent via text message or email.
3. Enable Crypto-Currency Tracking: By keeping track of transactions and other financial activity, users can more easily detect any suspicious activity and take steps to protect their accounts. Many crypto-currency exchanges offer tracking features, allowing users to monitor their funds.
4. Avoid Public Wi-Fi: Public Wi-Fi networks are vulnerable to hackers, so it’s best to avoid them when dealing with cryptocurrency. As an alternative, users should connect to a private, secure network when accessing their accounts.
5. Only Use Familiar Exchanges: It’s important to only use exchanges that are familiar with cryptocurrency and have a good reputation. In some cases, it may be best to create an account with a well-known exchange or use a third-party wallet service instead.