Cryptocurrencies and other blockchain assets aren’t protected by bank guarantees or other “traditional” financial security measures. Therefore, investors need to take every possible precaution to protect themselves. Here are four key tips for storing cryptocurrencies securely and protecting other cryptoassets.
1. Expect scams
The variety of different cryptoassets combined with a lack of regulation makes crypto investing a prime target for scammers of all calibers. Crypto investors therefore need to exercise extreme care (with a healthy dose of paranoia) much more than when working with traditional finances.