Cryptocurrency Security: Things You Need to Do BEFORE Investing in Crypto

Unlike traditional financial instruments, cryptocurrencies do not have fail safes in place to protect you. Hackers or user-error can cause you to lose your cryptocurrency investments.

Remember: NEVER invest more than you can afford to lose when investing in something as risky as crypto.

Tip 1: Buy a Paper Notebook.

Tip 2: Use the Paper Notebook to Store All Crypto-Related Account Info & Create Paper Backups.

Tip 3: Scan Your Computer for Malware and Secure it with Cyber Security Software. Also Consider Keystroke Encryption Software.

Tip 4: Require a Password on Your Phone & a Passphrase to Request New SIM Cards. Never Publicly Display Your Phone Number or Cell Phone Provider Online.

Tip 5: Create Unique, Long, Secure Passwords for Each Crypto-Related Account. NEVER Store them on a Device Connected to the Internet. Store them in Your Paper Notebook (with Paper Backups!)

Tip 6: Create a New Email Address with a Unique Handle You’ve Never Used Before to Use Exclusively with Your Crypto Accounts.

Tip 7: Research, Research, Research to Learn which Wallets and Exchanges to Use when Investing in Cryptocurrency. Quadruple Check ALL URL’s and then Bookmark the URL’s to Access Safely. Beware of Fake Look-a-Like Websites!

Tip 8: Setup 2FA, or 2 Factor Authentication, for ALL Crypto-Related Accounts.

Tip 9: Learn How to Use Wallets and Exchanges to Complete Transactions Successfully. ALWAYS Use a Small Amount to Ensure Everything is Setup Correctly. Cold Hardware Wallets are the Safest.

Tip 10: Never Reveal Your Identity on Cryptocurrency Public Forums. Keep Your Identity and the Amounts You’ve Invested in Cryptocurrencies Secret.

Tip 11: Write Down Instructions in Your Paper Notebook on How to Access Your Funds in the Event of Your Death. Consider Creating a Will, Trust, or Other Document that Can be Legally Executed to Carry Out Your Wishes!