What they won't tell you about cryptocurrency

What they won't tell you about cryptocurrency

If you're like most people, you probably store your crypto on an exchange. But what if the value of crypto went to zero? How would you manage your crypto then? Here are some tips for managing your crypto in a worst-case scenario:

1. Store it offline (hardware wallets and paper wallets). 2) Do not leave coins on exchanges. 3) Keep copies of all important documents in different locations. 4) Backup often and test backups to make sure they work correctly.
2. Use cold storage for more than just keeping crypto safe, but store records there as well. If a situation where your country’s government collapses occurs, those records will be valuable assets that you can use to prove your ownership over assets and crypto. It's also worth considering storing at least one copy of them outside your home. There are many ways to keep track of digital assets securely so don't forget about how fragile digital information is! Cold storage may not always be the best option depending on your specific needs. Whatever method you choose, make sure to update your records with any new accounts or changes in custodianship as soon as possible. Doing this reduces the chance of confusion during hard times. For example, if someone manages to hack into your computer and change their password before you have time to do anything, that person could steal all of your crypto. Protect yourself by updating security details on any account which has access to sensitive data ASAP.
   Also, stay informed of potential threats via the media. Consider putting up firewalls and security software to protect your devices from hacking. You might want to set up remote-access controls in case something happens to you, or install self-destructing email software for privacy. You should also consider using two-factor authentication when logging into sensitive accounts. Some services offer even higher levels of protection such as biometric verification options with fingerprints or retina scans through specialized hardware devices such as Yubikeys or U2F keys. Although these measures cost money, they will provide peace of mind for anyone who values privacy. Regardless of whether you're preparing for worst-case scenarios or not, it's important to take precautions and safeguard your information today!