The cryptocurrency trading and storage involve many risks. Here are some important cryptocurrency security tips:

Wallet Security

• Choose a reliable wallet: Select well-known and secure wallets based on your needs, such as hardware wallets like Ledger Nano S or Trezor, and software wallets like MetaMask or Coinbase Wallet. Hardware wallets offer high security and are suitable for long-term storage of large amounts of cryptocurrency; software wallets are convenient for daily transactions.

• Backup your wallet: When creating a wallet, back up your mnemonic phrase or private key and store it in a safe, offline place, such as an encrypted USB drive or a safe, to prevent loss or damage.

• Protect your wallet password: Set a strong password and change it regularly. Avoid simple combinations of numbers or words, and do not use your wallet on public devices.

Transaction Security

• Choose a reputable platform: Select well-known, reputable, and compliant trading platforms, such as Binance or Huobi. Check the platform's security measures, user reviews, and regulatory compliance to avoid participating in illegal or fraudulent trading platforms.

• Prevent phishing attacks: Be cautious of phishing websites, carefully verify the URL, and ensure it is the official website. Do not click on suspicious links to avoid entering fake trading platforms and leaking account information.

• Enable multi-factor authentication: Activate multi-factor authentication on trading platforms and wallets, such as Google Authenticator, SMS verification, or hardware security keys, to enhance account security.

Personal Information Security

• Protect your privacy: In cryptocurrency trading, try to remain anonymous and avoid disclosing personal sensitive information, such as your name, ID number, or bank card number, to prevent personal information from being leaked or misused.

• Be aware of social security: Do not disclose your cryptocurrency asset holdings, trading plans, or other information on social media to avoid becoming a target for hackers or scammers.

Market Risk Awareness

• Understand market volatility: The cryptocurrency market is highly volatile, and prices are influenced by various factors. Fully understand market risks before investing and avoid blindly following investment trends.

• Allocate assets reasonably: Do not invest all your assets in cryptocurrency. Based on your risk tolerance, allocate assets reasonably, diversify investments, and reduce risks.