The popularity of the crypto industry has grown tremendously over the past decade, with millions invested in this asset class worldwide.
Global crypto transactions will be around $43 billion in 2023, up 24% from $34.30 billion last year.
While the crypto industry offers lucrative investment opportunities, investors should be aware of security measures to protect their assets.
Here are some best practices that investors should follow.
Investors should use strong, unique and complex passwords to protect their accounts from unauthorized access.
Two-factor authentication adds an extra layer of security to an investor's account by requiring them to provide another verification method, such as a code sent to a mobile phone, before accessing their account.
Investors can store their crypto assets in a cold wallet - an offline device that is not connected to the Internet.
Avoid phishing attempts: These are common tactics used by cybercriminals to gain access to a person's personal information, including login credentials and other sensitive information.
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