Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Some ways to protect your cryptocurrency portfolio!
by
UchihaSarada
on 27/02/2023, 04:40:53 UTC
⭐ Merited by Outhue (1)
5. Use strong passwords: Use long and complex passwords for your cryptocurrency accounts, and don't reuse the same password across multiple accounts.
Passwords are for your accounts on online exchanges and for your wallets too. It does not restrict to accounts on exchanges, self custody wallets but is important for your emails as well. Having strong passwords for your emails are helpful to increase security of your accounts on exchanges. It's double layer to prevent hacks and fund steal from your exchange accounts.

[GUIDE] How to Create a Strong/Secure Password
Are your passwords in the green?

But storing your cryptocurrencies on exchanges, in online accounts is bad.
Reminder: do not keep your money in online accounts

It's terrible, you will have to do KYC on most of exchanges.
Why KYC is extremely dangerous – and useless