Nowadays, keeping the crypto account secure is extremely important for new and professional investors. Though cryptocurrency brings endless opportunities for trading, it has high cyber risks. The entire crypto world is still very volatile, and unregulated. Without a lack of knowledge, many new investors make too many mistakes. If you are new in this field and use a new trading platform for cryptocurrency, you must read this blog thoroughly. Here, we share a complete security checklist for novice investors.

1. Don’t rely on fake crypto apps websites

For novice crypto investors traders, fake apps, suspicious links websites are common threats. These fake online platforms are mostly controlled by scammers and hackers.

To hack your crypto account, scammers use different techniques on these websites and apps such as offering fake giveaways, impressive schemes, etc. So, if you are new to crypto, you have to be aware of scams. Whether you are installing an app or registering a website, you must check its traction level, user reviews, authentication, brand value, etc. Moreover, don’t click any kind of unknown links and crypto website ads over the internet.

2. Use strong passwords emails

With a weak password, your crypto account can be hacked anytime. When you are registering a new account, make sure to set up a strong unique password and create an authentic email account for your crypto trading. In many cases, novice traders use the same passwords and emails for different trading platforms to avoid confusion. But this is a mistake as it increases the risk of hacking. So, whether you are using one or more trading platforms, using a strong and unique password is highly essential.

3. Consider 2-factor authentication

For any crypto trading account, a 2-factor authentication is highly essential as it helps to verify the account properly. It usually contains a strong password and a one-time password or OTP. The 2-factor authentication also known as 2FA requires a double check for checking in transferring assets. The regular strong password OTP of 2FA makes beginners secure their crypto accounts efficiently.

4. Avoid phishing scams

Phishing scam attacks are mainly conducted by skilled scammers to steal login credentials and personal information from novice crypto investors. Phishing attacks are dangerous. The scammers represent an authentic scenario and urgent asset transfer to avoid unwanted loss. For this reason, most newbie crypto investors or traders forget to verify the credibility of the sender. Once you enter the world of crypto, you must be aware of scamming and always try to invest wisely.

5. Rely on cold wallets

As a new investor, you must know the different types of crypto wallets such as hot wallets, cold wallets, custodial non-custodial crypto wallets, etc. For beginners, using different wallets can be beneficial to secure wise investment. If you have a cold wallet, you may preserve funds without the internet. It’s quite difficult for hackers to access your cold wallet. Experts also suggest distributing funds to different cold crypto wallets to avoid hassles.

Start secure trading in crypto with Wisebitcoin

Crypto is vulnerable to too many cyber-attacks scams as it’s a newly developed digital trading asset. You must follow the above security hassles if you are new. This security checklist will help you keep safe from cyber-attacks and hacking. In short, don’t be fooled and start trading wisely with a trusted trading platform for cryptocurrency, Wisebitcoin. They have developed the most promising and authentic platform for new and professional investors. With top-notch infrastructure and secure transactions, you will get fully transparent and 100% secure crypto trading solutions every time.