Do you know how to use crypto safely❓ Are you sure❓
🛡Cryptocurrencies open virtually limitless opportunities and have great potential for both businesses and individuals. However, crypto is not magic (even if sometimes it feels like that) and there are a bunch of skills, habits and practices that are essential for using crypto safely and efficiently. So we’ve prepared a small checklist for you - take a look at it and check whether you need to work on some areas.
1️⃣Safe storage. It is paramount to ensure that your coins are stored in such a way that no one else can get access to your funds or block them and you won’t lose them. For long-term storage of large amounts cold wallets are the best solution. For everyday use - try non-custodial and custodial Quppy wallets.
2️⃣Exchange. Even if you do not plan to engage in trading you’ll need to exchange you digital assets sooner or later and it is important to use only reliable and secure platforms for that. Quppy has a built-in exchange service that is easy to use, fast and 100% secure. And if you need some obscure asset that is not supported by Quppy - use reputable exchanges like Binance.
3️⃣Interaction with fiat. A reliable, fast and cost-efficient way to sell your coins for fiat or buy crypto for fiat is a must. However, a lot of exchangers have dubious security and do not offer great user experience. Quppy seamlessly integrates major fiat and crypto currencies, so you can switch from one asset to another without any hassle.
4️⃣Keep your passwords secure. It is impossible to accurately remember all passwords (if your passwords are truly secure), seed phrases and other login data from all services your use. So it is necessary to establish a system for secure storage of such data. Password managers are the most obvious solution that solves most issues. However, we recommend that you store the most critical data (such as the private key to your cold wallet) on some physical media in a secure location. Just in case.
5️⃣Stay alert! Always check the website address, even if you use a browser tab - this is the best way to protect yourself from phishing sites.
6️⃣Be skeptical. There are a lot of scammers and shady businessmen in the crypto world that offer huge profits quickly. Verify every project you are considering to invest in. Basically, if you see an offer that is too good to be true, it is safe to assume that it is not a stroke of luck - somebody is trying to scam you.
7️⃣Always diversify your assets. It is unwise to rely on a single cryptocurrency due to high volatility of crypto - always split your funds across multiple assets.
8️⃣Keep track of your assets. It may be overwhelming to try and keep track of all assets in a properly diversified crypto portfolio. Services like Cryptocompare (
https://www.cryptocompare.com/portfolio/) and Coinmarketcap’s portfolio tracker (
https://coinmarketcap.com/portfolio-tracker/) make this task much easier.
9️⃣Monitor the market. The crypto market is volatile and very dynamic. So keeping and eye on it will help you to save your capital if something goes wrong or make good money by spotting an opportunity. CoinMarketCap (
http://coinmarketcap.com/) is a great starting point, where you can track exchange rates, spot promising assets and find information about them.
📢 Learn more:
https://quppy.com/
