I heard a lot of horror stories about people engaging in crypto ponzi schemes or mismanaging their cryptocurrencies and getting it stolen or sending it to the wrong address. I was lucky and have been very careful taking a lot of time to research both the cryptocurrencies I wish to purchase as well as the best method to secure and protect my purchase. Especially with what we saw today in Japan and how Coincheck reportedly lost around $400 million worth of NEM tokens due to a hack shows the importance of proper planning and security within this system. It is important to move your cryptocurrency off the exchanges immediately after purchasing them as the exchanges have proven themselves to be vulnerable.
You are viewing a single comment's thread from: