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Guarding Your Cryptocurrency: Essential Tips to Keep Your Investments Safe

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Cryptocurrency has become a revolutionary asset class, offering exciting investment opportunities. However, the decentralised nature of crypto also means that securing your holdings requires proactive steps. In this article, we will provide essential tips to help you keep your cryptocurrency safe from potential threats.

Use a Strong and Unique Password

Your first line of defence is a strong and unique password for your crypto accounts. Avoid using easily guessable passwords and opt for a combination of letters (uppercase and lowercase), numbers, and special characters. Each account should have its own unique password to prevent a single breach from compromising multiple accounts. Utilise a password manager to generate and store complex passwords securely.

Enable Two-Factor Authentication (2FA)

Add an extra layer of security by enabling 2FA wherever possible. 2FA requires you to provide a second verification code, typically sent to your smartphone or generated by an authenticator app, along with your password. This makes it much harder for unauthorised individuals to access your accounts, even if they manage to obtain your password.
You can keep your account secure on TEX’s website with Google Authenticator to keep your account more secure.

Utilise Hardware Security Keys

Consider using hardware security keys as they provide an additional layer of protection against phishing and other attacks. Hardware keys offer strong, physical authentication, making it nearly impossible for attackers to access your accounts remotely.

Secure Your Devices

Keep your devices clean and updated with the latest operating system and security patches. Use reputable antivirus software to protect against malware and keyloggers. Avoid downloading software from unknown sources and be cautious with browser extensions and add-ons.

Store Crypto in Cold Wallets

Consider using cold wallets for the long-term storage of your cryptocurrency. Cold wallets are offline devices that keep your private keys safe from online threats. They are ideal for holding large amounts of crypto that you don’t plan to use frequently.

Use Encrypted Connections

Always access cryptocurrency platforms and wallets using secure and encrypted connections (HTTPS). Avoid using public Wi-Fi networks for sensitive transactions, as they may expose your data to potential attackers.

Regularly Update and Review Accounts

Regularly review your cryptocurrency accounts, checking for any unfamiliar activities or addresses. Keep an eye on your transaction history and verify that all outgoing transactions were initiated by you.

Research Before Investing

Due diligence is crucial when investing in new cryptocurrencies or participating in initial coin offerings (ICOs). Research the project, team, and community before making any investment decisions.

Stay Informed and Vigilant

Stay informed about the latest security threats and best practices in the crypto space. Be vigilant against scams, fake apps, and phishing attempts. Following reputable news sources and staying active in crypto communities can help you stay ahead of potential risks.

Be Wary of Phishing Attacks

Phishing attacks are prevalent in the crypto space. Exercise caution with emails, messages, or websites that ask for your private keys, passwords, or sensitive information. Always verify the authenticity of the source before providing any personal data.

Bookmark TEX

Bookmark in your browser and only use this link to access TEX. If you ever receive any text messages or emails about your TEX account, always use the bookmark to navigate to your TEX account.

Check Your Recent Activity

In your TEX account, view all of your active sessions including authorised mobile applications, web sessions, and confirmed devices. If at any time you notice an unauthorised application, session, or device, you can revoke access. If you need to revoke an unauthorised login to your account that you don’t recognise, you should change your TEX and email passwords immediately.

By following these tips, you can significantly enhance the security of your cryptocurrency holdings. Remember, protecting your crypto assets is a continuous effort, and staying proactive is the key to safeguarding your funds.

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