How to protect yourself, your portfolio and your account when participating in the crypto market.

Before deciding to participate or buy and hold any coin, we need to note the following points:

1. Actively do your own research (DYOR - do your own research) about the tokens you intend to invest or hold. Say no and absolutely do not invest or buy based on emotions.

For Bitcoin, we can buy according to the price average method, buying evenly in the current period.

For projects, you need to pay attention to information about the project on social media, the team, the token unlock vesting schedule, and where to buy and sell that token (centralized or decentralized exchange).

2. Select an exchange and perform identity verification (KYC), enable full 2FA.

You should choose large, transparent and informative exchanges. Absolutely do not choose new exchanges or exchanges with few users because it is entirely possible that you will be scammed and deposit money without being able to withdraw...

KYC to be able to complain when problems occur.

Turn on 2fa to increase security, avoid revealing your password, there is still the next layer of security.

3. For external wallets (decentralized exchange wallets), you need to fully backup your private key and seed.

Recently, some exchanges have also integrated web3 wallets, which is also a good choice because this web3 wallet will always be attached to the exchange account, easy to use, backup, and secure.

Above are some basic ways for us to protect our accounts and investments.

The most optimal security method is still the way we ourselves always increase vigilance and be careful at all times and places.

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