Bitcoin users are a high-value target for inter criminals all over the world. There are multiple ways thieves will try to steal your cryptocurrency, so being vigilant is so important.
1. HUMAN ERRORInformation stored on computers or mobiles can always get lost due to some unexpected event. Backing up the wallet information, as well as its private key, password and recovery seeds are of utmost importance.
2. ONLINE INVESTMENT SITES
Scam sites in form of investment offerings, cloud mining and other Ponzi schemes are far too common.
Scam sites in form of investment offerings, cloud mining and other Ponzi schemes are far too common.
3. TRUSTING ONLINE WALLETS
The most common way of losing bitcoin funds is through theft. Third-party service providers should not be trusted. People should move their money to a software or hardware solution under their full control at all times.
The most common way of losing bitcoin funds is through theft. Third-party service providers should not be trusted. People should move their money to a software or hardware solution under their full control at all times.
Bitcoin cryptocurrency is the future of money. More and more people are now getting aware of its value and uses hence you should know how to secure it.
Written By Innocent Ogbeide