There are many risks associated with cryptocurrency trading and storage. Here are some important security tips for cryptocurrency:

Wallet Security

• Choose a reliable wallet: Select well-known and secure wallets based on your needs, such as hardware wallets like Ledger Nano S and Trezor, or software wallets like MetaMask and Coinbase Wallet. Hardware wallets are highly secure and 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 recovery phrase or private key and store it in a safe, offline location, such as an encrypted USB drive or safe, to prevent loss or damage.

• Protect your wallet password: Set a strong password and change it regularly. Avoid using simple combinations of numbers or words, and refrain from using your wallet on public devices.

Transaction Security

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

• Beware of phishing attacks: Be cautious of phishing websites, carefully check URLs to ensure they are official sites. Do not click on suspicious links to avoid entering fake trading platforms and leaking your 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 do not disclose personal sensitive information such as your name, ID number, or bank card number to prevent personal information from being leaked or misused.

• Be cautious on social media: Do not disclose your cryptocurrency asset holdings or trading plans 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 do not blindly follow trends.

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