Terrible things are happening these days are time. Many bad eggs have entered the system and trying every way to bring down the purpose of inventing digital currency first. This brings the topic of my write-up to the forefront, how important is it for one to have diverse ways of saving up his coins.
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It pains so much when you wake up one morning to discover that all you have worked for for years just went down the drain, lots of disappointments are faced by anyone in this scenario.
I will be listing and explaining diverse ways one can care for his currency.
####Do not invest in any project that you have not studied we'll
Some projects are the idea of scammers they are looking for every possible way to rub people's wealth from them. So they develop a site that will be doing so well at the beginning but going forward it becomes a problem.
Run away from projects that are too good to be real
Some sites will promise returns that are so ridiculous and because of greed many fall into it and later on regret becomes the other of the day
Do not have all your crypto in one exchange
Towards the end of last year a friend of mine encountered a serious challenge, his account was locked and he has many coins in that particular exchange. This was so devastating because he couldn't do any reasonable trade during that period. Hard it being he has some crypto in another exchange that would have saved him. Thankfully the account was realized to him
As a crypto trader, your devices should be handled with care
As the use of crypto is getting so rampant many don't just want to use the opportunity in a go way they want to rub people. So it is important for us not to keep our devices carelessly. I always say, do not tempt the thief. Some may steal the device and unlock it to clear the currency in there so not misplaced your device at all.
Don't be a talkative
Not everyone is interested in your progress, so there is no need of being a radio that does not have a battery. Not everyone needs to know what you do for a living because you don't know the heart of a man can be so wicked, so keep your investment to yourself unless the trusted ones.
Have an exclusive Wallet
It is important to have a wallet that is meant for a general function and one used for a specific function. Because some of the airdrops now are phishing sites that are looking for a way to milk people of their little earnings, it's good to stay safe at all times.
As I have said earlier, not everyone needs to know what they have in their wallet, so it is best to keep it low just for yourself or you're next of kin. When will do the following, we will be saved from losing our hard-earned crypto to wicked people out there
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