Not your keys, not your crypto

They are some certain things in cryptocurrency that you deserve to know wether you are a newbie or not. For your information, if you have been following up with my cryptocurrency post you will see how interesting it is. Cryptocurrency is the future and there is every tendency that no matter how cool or bad it is is, you should knows that knowing about it is amazing. If you asked about 20000 persons if they have lost more money when being compared to what they have gained when being compared to cryptocurrency you will see many people saying that they have made more gains than lost. This is just how beautiful cryptocurrency is, and also it is one of the primary reason that I have grown to love cryptocurrency to it apex height.

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As per those who have seen cryptocurrency beyond just making quick bucks or living from it, they have all sees the impact of cryptocurrency in their life being it negative or positive. Over the years I have grown to love one thing about cryptocurrency, the ability for you to key into it without a dine. This has been my selling point when it comes to cryptoccurrency all over the years. Aside cryptocurrency it is hard to find a system that pays you without you investing some money. Well, if you are observant with whatsoever thing that you are doing you will see that what I am trying to state is simply the fact. Cryptocurrency is the best thing that have happened to humanity aside the internet. Seeing that at this stage some person are still looking for the perfect time to key into cryptocurrency is alarming. If you are on that stand you are simply missing out.

Just recently I made a post which somebody dropped comment on. I was really happy about the comment as it is the reason for this post. On that post I remembered that I discussed about some things one should avoid when it comes to cryptocurrency. On that post I was able to talk about investment of spare cash when it comes to your cryptocurrency investment. We all knows that when it comes to cryptocurrency, if you don't wants to get burnt you should always makes sure that you invest your spare cash. You know nobody can predict where the market goes, so it is advisable spare cash is invested.

Aside investing spare cash I also talked about making research before keying into cryptocurrency. This is very vital. Don't be too lazy to make research when it come to your cryptocurrency investment. Failure to do that, you might regret along the line. I also made mentioning of advising people to buy into cryptoccurrency. If you follows up with what I hinted on that post you will surely excel in the cryptoccurrency ecosystem. After making such post somebody added the Not Your Keys Not your Cryptocurrency as comment on that post. I love the word and decided to blog about it.

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The moment you are into cryptocurrency they are some certain things that you should take seriously, Not your Keys, Not your Cryptocurrency is an integral part on that list. For those who still don't understand what that phrase means or for those who are just coming across it for the first time permit me to throw more light on it. Imagine a state where you buys #Bitcoin, after buying the Bitcoin you decided to deposit it into another man's Bitcoin wallet. After months or years of dealing/transacting with that person, as friend, he died. Now the big question is how will you collect your #Bitcoin from his wallet and if you even tell someone you sent your #Bitcoin into his account how will they believe? If the #Bitcoin that you bought is in your wallet that will gives you full custody of your money and if eventually anything happens you won't be affected except you die or lost your wallet phrase.

When you are using Centralized exchange to trade you should be very careful because you don't have authority over such platform unlike the decentralised platform. When you buy any cryptocurrency and you are saving it on your decentralized cryptocurrency wallet, please endeavour to jot down your phrase. Just like what I said above, endeavour to treat and keeps it safe. If you lost it, that might be the end of your access to that cryptocurrency wallet.

Conclusion

I will end the post here. If you read this post from start to end you will understand why it is important to treat your cryptocurrency keys so special.

            Tfame3865  
           signed out

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There is a decentralized finance project currently running. If you want to make good reward from your stake or Liquidity mining you should take a look at this project called Woxdefi . For more information about woxdefi you can check the below links.

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Purchase Wox through this link

• If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks