Blokt.com published an informative guide on how traders can stay safe while trading cryptocurrencies. They discussed how to choose the safest crypto exchanges comparing online brokers, centralized exchanges and decentralized exchanges. They also talked about avoiding corrupt websites, leveraging safe network connectivity as well as the best places to store your cryptocurrencies. A few of their points include:
1. Making sure you are using “https” protocol and looking to see if you have been directed to corrupt addresses. They note that most of the friendly exchanges will remind you to check the address before you log into your account.
2. Being aware of the network you are trading on and to always trade on a private network. They recommend using a Virtual Private Network (VPN) to ensure no one can monitor your traffic.
3. Avoid storing a lot of currencies in an online wallet, especially large exchanges since they can be sifted and targeted based on account balances.
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