These notes help you trade Bitcoin safely
Use a new computer to transact and install reliable antivirus software. Apply the latest operating system patches and updates to the latest anti-virus versions as they become available. Also, regularly back up your data to offline storage sites.
Once you've registered your account on the exchange, use Google Authenticator with only one whitelisted IP address.
Turn on two-factor authentication to sign in. Use VPN solution (virtual private network) to trade and private communication. (This tip is especially relevant when you make transactions with less secure public Wi-Fi because VPNs show useless intermediary attacks.)
Do not publish your personal email. Trading platforms usually send a notification to the email ID you have registered when you conduct a virtual currency transaction. By breaking your email account, the attacker can track the transaction and have unauthorized access to your electronic wallet.
Protect your email account using a strong password that includes both uppercase and lowercase letters and special characters. Multi-factor authentication will add a layer of email security. Remember that most e-money related hacking is done by infringing on the user's email.
Use smart phones wisely. Using a phone for business is a good idea. Also, you should not conduct transactions from the smartphone has many applications. By hacking one of these applications, network scammers can have the privilege of accessing personal data and extorting you. Use wallet anti-counterfeit hardware to bulk transactions. A reliable exchange service often requires new users to verify their identity and location before making a deposit. A reputable trading floor will provide proof of the storage of electronic coins in cold storage.
A credible platform also participates in events related to electronic money, hackathons and other academic initiatives in the field.
Diversifying investment to reduce risk is always an effective strategy:
Consider using multiple exchange services.
Use peer-to-peer exchanges.
Invest in a different amount of electronics.
Do not keep your e-money on the trading floors when you are not actively trading. Better yet, store your own digital cash in the cold wallet.
Always update market information. Keep track of industry news, check the chart, and visit a specialist discussion forum. Get familiar with trading algorithms. Avoid dealing with over 30% of electronic money. There should be a plan to convert electronic money into foreign currency.
Follow your intuition to identify danger signs. If some big names in the industry leave the job, that could be a sign. For example, William Dennis Atwood, director of the MyCoin trading platform in Hong Kong, resigned shortly before the service was revealed as a Ponzi scheme.
Conversely, if you see reputable people in the industry that are involved in electronic money exchanges, that may mean you are on the right track.
If the support team or the project takes time to respond to the support card, that may be the clue that the service is not reliable.
The above mentioned hope will help you to form a careful, careful spirit, always put information security top priority when trading bitcoin, In addition to security issues, do not forget to learn and pay attention to transaction costs, liquidity, accessibility as well as capital resources when investing, trading virtual currency. Good luck!
Topic: The following necessary to be saved when bitcoin and virtual money transaction (Read 644 times)