How to protect your altcoin

[dizzy1996]

At the moment, there are no ways to protect your tokens, in general, there is only your private key, which cannot be transferred to anyone, but there are no other methods of protection and this is very regrettable since the probability of losing your assets is very high

[1713553653]

1713553653

[1713553653]

1713553653

[1713553653]

1713553653

[1713553653]

1713553653

[1713553653]

1713553653

[Karlblaise1]

The essence of the protection has to deal with safeguarding your private key, and there are two basic ways of doing that;

COLD STORAGE: Which is the art of keeping your private key offline; possibly storing it in word, PDF or even in hard copies

HOT STORAGE: More like what you get with the likes of Metamask; etc.
                       It involves accessing your wallet address with the private keys, on an online platform.
                       This mode of storage is vulnerable to cyber attacks hence; i'll advice you stick with cold storage for your main account, and transfer other coins stored online to the ones offline; for your own safety.

[Gatsby club]

Sometimes, in order to ensure the safety of your coins, it is enough to use methods that many people have been using for a long time, and first of all it concerns the method of storing your coins, if you use a hardware wallet, then hackers have no chance.

[Hans Groober]

The best way to protect your altcoins is to store them in different wallets. If you do not trade them at the moment - withdraw them from the exchange, there they can be stolen.