⚠️Security Tips for Traders

in #steemitdotcom7 years ago

The incessant hacks and carelessness of some traders inspired this write up. Its high time we keep our hard earned money safe.

⚠️ Security Tips For Traders

⭕️ Dear Members, We can't ignore recent Hacking attacks and we know, Million of dollers Was stolen from Exchanges,Particular Accounts etc.
And Lot of Traders effected in these Attacks(Whales,Small investers)
Its important to Use security layer if you are doing trading
Because we here to earn not lose

🔘 Follow below simple steps to secure yourself

Let's start 👇👇

⭕️ Dear Members, Never leave a huge amount of funds on any exchange, always move majority of your funds into a better secure option, like cold storage,hardwear wallet

⭕️ Avoid typing a site you are looking for into a search engine, rather use the url address bar or copy the url from a trusted location or better still, use a bookmark in your browser.

⭕️Setup a Crypto Address Whitelist. creating a whitelist simply tells the exchange to only authorize withdrawals to addresses on the whitelist also note that, when opting into this feature, you must specify a withdrawal address for every digital currency you would like to place a withdrawal from , This can be a bit tedious to use with some exchanges. you can alternatively disable all withdrawals for all currencies... in order to avoid stories that touch.

⭕️Set up email confirmations that require additional login and 2FA codes(that is if your exchange supports it) Of course this is
also tedious and takes time when you want to withdraw but then better safe than sorry right?

⭕️ DO NOT click on the first bloody link in a search engine! they are all ads. this applies to all the popular search engines ala google, bing etc. Don't say you have not been warned.

⭕️ Using a password manager is also recommended, so if you go to autofill password and your password manager has no suggestions, thats an indication that you are on the wrong site and should get the f** out of there

🔘 Good Luck

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Do not forget to mention the very simple and yet probably most effective way to keep your currencies safe: The use of a hardware wallet like e.g. the Digital Bitbox. With such a device your funds are almost completely safe from being hacked or stolen.