Problem scenario
You want to be sure your cryptocurrency is secure. What should you do?
Solution
- Use hot and cold cryptocurrency wallets. Be sure to get updates for your hot and warm wallets. Cold wallets are offline. You may want a safe deposit box for your cold wallet and recovery phrase (also called a "seed" that is 12 to 31 words).
- Use a strong passphrase. You want want to use a passwords safe too.
- Use two-factor authentication for your cryptocurrency accounts.
- Manually keep a separate record of your transactions.
- Manually monitor your cryptocurrency accounts for suspicious activity or transactions that you do not recognize.
- Try to find a wealthy person or company that can do customized insurance. A manuscripted insurance policy may not be run-of-the-mill, but they can be created. You may be able to get protection in case you lose your coins.
FYI
Coinbase is generally considered to be the most trusted American cryptocurrency exchange. You may want to open an account there. Bitcoin's price has surged recently.
This European company can allow you to buy crypto or learn more: Iconomi.com