The cryptocurrency world offers a lot of promise and possibilities to its users. It is a relatively new way to earn money, in comparison with other financial institutions that we have, but its explosive rise attracted a lot of attention. With this attention come both the enthusiastic people who want to try their hand at mining or trading and people who want to take advantage of them and the system itself.
That’s why you need to learn how to protect your assets and how to store your cryptocurrency. And don’t worry, Changelly’s got your back on that question, with this article as well as many others. Now, let’s take a look at what you can (and should) do to make sure that nobody but you will be able to enjoy the fruits of your crypto labors.#1. Always DYOR
DYOR stands for ‘Do Your Own Research’. So, yeah, basically you should always check and recheck any information from articles or posts about crypto. Pretty simple advice, isn’t it? Yes, it is, and now let’s take a look at why you should do that.
While cryptocurrency is a newcomer in comparison to other financial markets, it garnered a lot of attention from the public, politicians, and media. There are tens of thousands of materials written about it, with countless blogs, columns, email newsletters, and so on. Not every one of them could be accurate. It might be an honest mistake, a little bit of negligence, or even just a little bit of outdated information that editors haven’t time to fix yet. No matter the reason, it is a fact that you might find inaccurate information, and this might affect your actions and, as a result, your assets.
To avoid that, you need to double-check the info you get, as well as keep an eye out on any additional data that you might find. Be it a historical price chart of crypto, new features from the exchange platform, or additional fees on trading deals, everything might be useful. Not to mention that it might prevent your loss, or add to your profit. Ke...