HOW TO PROTECT YOUR CRYPTO ASSETS

“You are your own bank”, in other words, your funds are your responsibility; this is one of the very liberating and yet sensitive aspects of cryptocurrency.
It’s a very cool thing to have full control over your funds yet it’s another to know how well to protect them from the ever-ready sharp claws of hackers; it’s a case of “to whom much is given, much is required”.
Adopting good practices to protect your money is non-negotiable.
ONLINE WALLET
Web/mobile wallets allow you to spend your cryptocurrencies from anywhere because your funds are stored online; convenience and accessibility are two strong reasons users find them appealing.
DESKTOP WALLET
Desktop wallets are installed on a desktop computer and provide the user complete control over the wallet.
HARDWARE WALLET
A hardware wallet is a special type of device that stores users’ funds on a physical piece of equipment and plugged into a computer via a USB port; it seems to be the balance between very high security and ease of use.
One major advantage of such devices is that the private keys never leave the device; it’s immune to viruses and malware; transactions require a physical authorization from the device, so that funds cannot be moved out without the owner’s permission.
The offline options (hardware wallets) are usually safer than the online ones and any serious crypto enthusiast should consider getting at least one of them.
That being said, no matter the option you decide to use, here are a few tips you don’t want to take lightly.
1. Be sure of the websites you visit, check out their security certificates and make sure they’re intact; phishing sites are everywhere.
2. Keep your private keys and passwords in a safe place.
3. Make regular back-ups.
4. Encrypt online back-ps.
5. Use many secure locations in storing your encrypted back-ups.
6. Keep your firmware updated in case of hardware wallets.
7. Use multi-factor authentication for any exchange that you use for trading.
8. Use a unique password for any exchange account you open.
9. Don’t brag about your holdings; the world doesn’t need to know about your bag of cryptocurrencies.
10. It’s always advisable to have a back-up plan for posterity, so when you’re gone your funds can be retrieved, otherwise they would be lost forever.
Finally, understand that the blockchain technology is still in its nascent stages, so please don’t invest more than your financial tolerance can carry; do not throw all of your critical resources into any investment (just because others are moving in), so that just in case, after all said and done, if the unbelievable stills happens, you would have a recourse to fall back on.
Tell us about the wallets you use and why?
To learn more about Centaure, please visit the links below:
Website: https://www.centaure.io
Telegram: t.me/centaureofficial
Reddit: https://www.reddit.com/r/Centaure
Twitter: https://twitter.com/CentaureToken
Medium: https://medium.com/@centauretoken
Where to buy Cen tokens : https://idex.market/eth/cen
