1. Use secure wallets: The most important step of protecting any cryptocurrency investments is to use secure wallets, such as hardware wallets, that are designed specifically for storing cryptocurrencies. These wallets are generally more secure than online and mobile wallets, as they are not connected to the internet and can help to protect your coins from hackers.
2. Secure your accounts: Make sure to set up strong passwords, two-factor authentication, and other security measures on any exchange or other service you use to store, buy, sell, or manage your cryptocurrency investments.
3. Use a secure wallet to store your coins: When you are not actively trading or using your coins, store them on a secure wallet. This way, you can be sure that if the exchange is hacked, your coins will remain safe.
4. Only use reputable exchanges: Be sure to only use exchanges that have a good reputation and track record of providing reliable service. Avoid exchanges that are new and not well known.
5. Don’t keep large amounts of coins stored on the exchange: It is generally not recommended to keep large amounts of coins stored on an exchange, as it could put those coins at risk in the event of a hack. Instead, move those coins to a secure wallet after any trades or purchases have been made.