Every transaction require gas fee and it can be done on mining.
The majority of crypto users prefer to store their crypto holdings on centralised crypto exchanges, and for good reasons. Crypto exchanges constitute the easiest and most user-friendly ways to buy cryptocurrencies. Many of these reliable crypto exchanges provide users with hundreds of trading pairs, the ability to cash out into fiat currency at any time, and the option to choose from a wide range of payment and withdrawal methods. Not to mention that centralised crypto exchanges have done a nice job of creating an easy-to-use and friendly platform—which can be rare in the digital asset space.
You can sell your crypto assert to world wide when compared to physical assert and also we need some intermediator to sell our assert. Digital world made everything simple.
Even though most people are aware of cryptocurrencies and consider them to be the best long-term investment, there are still many of us who don't know how to protect our assets from hacking, phishing, and fraud.
Actually, protecting our assets is simple; all that is required thoroughness and vigilance. We will go over three steps to safeguard your cryptocurrency assets:
1. Choose a credible exchange with a good reputation
It is critical to select an exchange to carry out all cryptocurrency activities such as transactions, deposits, and so on. It makes users feel safe and comfortable using an exchange.
We can also find information about the exchange on LinkedIn, such as the identity of the owner, employees, background, and investors who invest in the exchange. We can also implement two-factor authentication, or 2FA, for added convenience for your assets.
2. Recognize and protect personal data from hijackers
It is not only the exchange that is responsible for the security of your assets, but you also have an important role to play in protecting them. We can use passwords with unique, secure and complex characters. As I said before, 2FA is required for only you to be able to access it. At last, lock your account if there is suspicious activity on your account.
3. Research on scams and phishing
Phishing occurs when criminals create a website or email that appears to be from a reputable company. They will use these clones to trick you into providing them with sensitive information such as sign-in or payment information.
You must Always check the URL of a website before entering any personal information or clicking on an ad. Also, make sure the URL begins with "https://" or "shttp://". The letter "S" on the site indicates that the website has an SSL protection system in place to ensure the security of the information you provide on the site. Check the web address for typos or incorrect writing. Official websites will usually ensure that the company name is spelled correctly on all of their digital products.
These are the steps to secure your digital assert and be safe with frauds on every crypto platform
