[Here are some security and privacy tips that will add a significant layer of protection to your cryptocurrency funds.]

There are many of us who are very conscious about the coins we hold and many who do not take any precautions. I am sharing this article for them and hope everyone will benefit

If you’re a cryptocurrency holder, you probably love what you’re doing. You’re grateful because you have the opportunity to invest, trade and save a lot of money by leveraging your digital coins.

However, what would happen if one day all your coins were gone? You’d likely blame the hacker at first, but it is partially your responsibility to protect your investments.

Here are some security and privacy tips that will add a significant layer of protection to your cryptocurrency funds.

1. You Need To Secure Your Devices:-

It takes just one security vulnerability for your PC, mobile or tablet to be hacked. I’d suggest you take advantage of a premium antivirus, set your firewall settings to maximum security and take advantage of an antispyware software to regularly check for malicious software. You can also consider using a secure operating system.


2. You Need To Secure Your Wallets:-

The first and most important way to protect your digital currency is to choose a secure wallet. That means you should find a company that offers more security measures than the “normal” wallet providers do. For example, wallets that use encryption to protect the private keys can be much better and safer. Moreover, you can encrypt your data using different crypto encryption providers.


3. Try To Dedicate One Device to Cryptocurrency Only:-[/color]

The best way to add an extra layer of security to your cryptocurrency wallets is to base all your cryptocurrency activities and operations on a single device. You should have a personal PC/phone and a cryptocurrency PC/phone.

Do your best to keep your work device as private as possible by using dedicated IPs and private servers that keep your location, name and activity anonymous.


4. You Need To Back Up All Your Crypto Data:-

Your crypto data is really the most important element of your entire operation. If you ever make the mistake of not backing up your data, you’ll regret it forever. When your PC gets hacked, or when your laptop gets physically stolen, you can always buy another one. However, when a hacker steals all your cryptocurrency funds because they’ve gained access to your data, you’re in a sticky situation. To avoid this, store your crypto data in an offsite place. Use a colocation server, a thumb drive and an encryptedexternal disk.


5.  Don't Use any public Wi-Fi:-

Public Wi-Fi is definitely a no-no for all cryptocurrency holders that want to keep their funds safe. There are many hackers that attack their victims through public Wi-Fi, so you must pay a lot of attention whenever you connect to the web using your phone, laptop or tablet.

Better, don’t connect if you’re not sure. Moreover, make sure that you don’t lend your phone to unknown people. If you’re a student who lives on campus, do not lose sight of your smart devices.


6. Try To Avoid Keep All Your Funds in One Wallet:-

Most of you know the saying “don’t keep all your eggs in one basket”. This advice is actually very concrete and worth following when it comes to our cryptocurrency operations.

That is why you should have two digital wallets that serve different purposes. Through the first wallet, called the “hot wallet,” you will perform all your trading and transactions. The other wallet is called the “cold wallet” or the “cold storage,” and it is the wallet that stores your savings. Back up both your wallets’ private keys and store them offline.


7. Always Try To Enable Strong Authentication:-

If your wallet allows it, enabling two-factor (strong) authentication is absolutely essential to your crypto security. Strong authentication provides an extra layer of security beyond your username and password to protect against account hijacking. Find more information about the types of authentication at lockdownyourlogin.org/strong-authentication/.


8. Regularly Look for Intrusions:-

When you install a clean version of an operating system, you will be able to note the default programs that run in your Task Manager under Processes. Note down that list and know the number of processes that your PC usually opens.

Great hackers are always working silently. They might have infected your PC already and be waiting for the perfect moment to strike. That’s why you should regularly check for new processes that start when your PC starts. If you find something unwanted, you should take action and remove it immediately.


9. Always Use Your Common Sense and Stay Safe Online:-

Lastly, yet most important, you should always use your common sense to stay safer online. Whenever you have suspicions about a link, email, invitation or process that runs under your Task Manager, it’s to better follow your instincts and use common sense.

[When I got dumped by a ‘pump and dump’]

Hello guys! today I want to discuss something about "Pump and Dump" groups.
Its very important lessons for a traders specially for new traders. You should be careful about this type of scammer.


Buy low, sell high; do not follow the green candles, let’s pump until 87,000 Satoshis and dump it at ATH (All Time High). These are just a few notable phrases of the chat groups where hundreds and thousands of cryptocurrency traders gather all together to increase the value of an altcoin.

These types of groups, normally referred to as ‘pump and dump‘ groups, are bringing market manipulation to a whole new level. Nefarious crypto traders use secure messaging platforms like Telegram to orchestrate coin manipulation to make a quick buck — at the cost of less experienced traders. If you’re getting into cryptocurrencies, or just curious about the field, you’ll need to know how pump and dumps work. Otherwise you might up being taken advantage of, like I was.

When I got dumped by a ‘pump and dump’


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I started trading in cryptocurrency a while back, being a tech savy person I was quite enthusiastic about the technology. I was entirely unaware of these scams at that point, but I was definitely part of some Telegram and Whatsapp groups where people were on daily basis selecting low-priced coins to turn it into a gem for others to hop on. Since newbies always follow the green candles, it’s easy for more experienced traders to use them for their own gains.

But I didn’t notice this pattern until a certain coin — which I was quite excited about — was about to be launched on one of the largest cryptocurrency exchanges. The coin looked promising and the exchange even tweeted about it. Everything looked great, but then something happened that I’d never experienced before. Right after the tweet, I started observing how the coin started to inflate in value on other exchanges. But what surprised me the most was that the trading didn’t start on the exchange where it was actually about to be launched.

I waited and waited until trading opened, I was hustling to find the right price to jump in. The price was flickering in front of my eyes from $20 to $18 then from $16 to $19, I unluckily grabbed the coin at $18, hoping it would turn into a gem. But I was sorely mistaken because it suddenly dropped to $9, thankfully I lost my patience at the right time and only lost half of my invested coin. Rest remains history and that coin closed at $2 the same day.

What I figured out later was that I had become a victim of a pump and dump scheme. Unfortunately this is happening far too often in the crypto world and mostly happens with small market cap and circulation coins. It’s really hard to actually stay completely safe and not become a victim of these schemes. The only possible defense is understanding how pump and dumps happen and what kind of people are behind it.