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HOW TO KEEP YOUR CRYPTO SAFE
Cryptocurrency wallets (digital wallets) and exchange providers are the primary threats to your digital assets. A crypto wallet does not store your digital money. Still, it does contain a private key that allows you to exchange crypto over the internet. This private key serves as your digital identity on the market, and anyone who obtains it can carry out fraudulent transactions or steal your crypto. Cybercriminals employ complex approaches to hack digital wallets and steal/transfer crypto assets without the user’s awareness.
Several accounts have surfaced of people losing access to their crypto after forgetting their wallet passwords. While resetting a password on the internet is usually a simple process, cryptocurrency is somewhat unique. If you have, it stashed away on a hard drive; keep the password safe at all costs. Because if you don’t, there’s a good chance you won’t be able to get those coins back. Thus, it is vital to secure your wallet to protect your digital assets.
What is a Crypto Wallet?
A cryptocurrency wallet is a software application that stores your public and private…
