An increasing number of home buyers in Ireland are investing in cryptocurrencies as a means of getting into the lucrative property market. As you shift to digital currency, it is important to understand how to protect it since there is a lingering and never-ending threat to your cryptocurrency. There are 6 major steps that you need to take to ensure that your cryptocurrency is secure.
Use strong passwords
Of course, this is the easiest and the best way to protect your cryptocurrency. You need to ensure that your password is strong and unique so that malicious individuals can have a hard tine as they try to guess it. Additionally, you need to change the password regularly since it is a good practice to protect the currency. Moreover, it is important to use different passwords for each account since if one account is hacked, it will be highly impossible to hack the other.
Use cold wallets
The digital wallet used to store the cryptocurrency can either be a cold wallet or a hot wallet. A hot wallet is …