To safely store altcoins and prevent theft, you can use a hardware wallet, paper wallet, or cold storage wallet:
Hardware wallet: A hardware wallet is considered the safest way to store cryptocurrency because it’s offline and protected from online threats. Some hardware wallets have tamper-resistant chips to protect against physical attacks.
Paper wallet: A paper wallet is a document that contains your public and private keys. You can print the document with a wired printer or use a QR code generator. However, if the paper is lost, destroyed, or becomes illegible, you won’t be able to access your funds.
Cold storage wallet: A cold storage wallet is a good option for long-term storage and security.
You should avoid keeping your cryptocurrency on a centralized exchange or in a hot wallet because these are constantly being probed by hackers. A DDoS attack can temporarily shut them down and deny you access to your crypto.
You should also be cautious of phishing scams, which are responsible for about 30% of crypto thefts. Scammers trick users into giving away their private information.
If you experience a scam, you can report it to the FTC at https://www.google.com/url?sa=…..i=89978449
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