10 Methods to Safeguard Your Cryptocurrency From Hackers

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4. Hot wallets

Hot wallets are more convenient for traders, but the risk of losing money is higher, which are storage options that are always connected to the internet for easier access and the ability to trade and buy other cryptocurrencies more conveniently. Security and entrusting the platform with the security of both your public and private address are the trade-offs. The amount of money required should be assessed regularly. Large exchanges will always be a target for hackers, especially as the number of retail investors increases.


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