As a beginner who is trying to navigate my way through cryptocurrency, I’d like to ask some advice.
Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?
I believe this will not only help me, but also other beginners who might have the same concern.
As a beginner i think the first thing you should focus on is the aspect of security before even thinking about profits. when it comes to exchanges try to stick with the well known ones that have been around for a bit longer and have a good reputation such like Binance, Coinbase or Kraken and lately Bybit. it is not like they are perfect but some level of tight security is clear enough and they are way more safer than some random new platforms that will need so much promotions on social platforms to proof how authentic of legit they are. And again once you start trading!!! don’t leave all your coins sitting on an exchange that's like asking the wolf to look after a sheep!! i mean for instance early months of this year, Bybit was hacked although Binance came to their aid at the right moment but that just shows that exchanges are not entirely immune to really smart hackers. It is a very safe move to get yourself a wallet, even a free mobile wallet is better than nothing, but if you are kind of more serious about it!! then a hardware wallet is the best option...
also a good practice and highly recommended to always activate 2FA Google Authenticator not just SMS or Email and never share your keys not even with close friends and always double check links before logging in because scammers usually take advantage of small mistakes.