Security Measures For Protecting Your Crypto Assets

Last year (2022) was a record year for cryptocurrency theft, as hackers stole a record $3.8 billion worth of cryptocurrency worldwide. In a report by researchers at Chainalysis, a blockchain analytics firm, it was disclosed therein that the figure rose to nearly $4 billion from $3.3 billion stolen in 2021.

Even though United States (US) investors poured millions into Bitcoin, dogecoin, and other cryptocurrencies as COVID-19 ravaged the global economy, in the hope of more fortunes, most of them suffered losses due to hackers, with their digital wallets plundered on platforms with poor cybersecurity.

With cybercriminals dashing crypto holders’ hopes by carting away their wealth, it is crucial for one to be in the known of the measures to take against them.

Below are some of the measures you should consider

Find reliable cryptocurrency exchanges: You must conduct a thorough study before using any exchange for your crypto transactions. There are various types of cryptocurrency scams out there that aim to con individuals out of their money or deceive them into giving up private keywords and other forms of sensitive information. You must be alert.

Make strong passwords: Your most memorable line of safeguard against…