How do you protect your digital assets from theft? Golden tips from CZ, the founder of Binance
In the world of cryptocurrencies, security is not an option; it is a necessity. Unlike bank accounts that have protection systems and compensation in case of theft, controlling your digital funds is entirely your responsibility. Therefore, before you think about trading, you must learn how to protect your investments from hacking and fraud.
What makes CZ's tips important?
CZ, the founder of Binance, is considered one of the prominent figures in the cryptocurrency market, and his security tips are based on deep experience and real-life experiences. In this article, we will summarize the best security strategies he shared, categorized by investor type.
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1. Small investor (less than $10,000)
If you are a beginner investor or have a small capital, security should be simple yet effective. You have two main options:
✅ Keep assets on a trading platform
Choose a reliable platform with a strong security record.
Use a dedicated email for the account and do not use it elsewhere.
Enable two-factor authentication (2FA) to protect your account.
✅ Use a digital wallet
Wallets like Trust Wallet or MetaMask are good options.
Do not keep your private key on your phone or any unsecured electronic location.
Beware of downloading suspicious apps that may contain malware.
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2. Medium investor (between $10,000 and $1,000,000)
As your investments grow, you must elevate your security measures.
✅ On the trading platform:
Make sure your account is verified with an advanced KYC level to regain access in case of hacking.
Do not leave all your money on the platform; only use it when trading.
✅ In the digital wallet:
🔹 Option one: Dedicated phone
If you own more than $100,000, it is better to buy a separate phone to use only for managing your wallet.
Do not connect it to public WiFi networks; instead, use a mobile data network.
🔹 Option two: Cold Wallets (Hardware Wallets)
Devices like Ledger, Trezor, or Safepal are the most secure.
Never store the private key online or on cloud services.
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3. Large investor (more than $1,000,000)
If you are a major investor, security needs to be very advanced, as a breach could mean losses in millions of dollars.
✅ Best practices:
Use a dedicated laptop with Linux to manage your wallet, and keep it completely offline.
Store private keys in a secure physical location away from connected devices.
Dividing assets among different wallets reduces the risks of total hacking.
💡 Did you know? Even Vitalik Buterin, the founder of Ethereum, uses this method to protect his assets!
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In summary: Security is your personal responsibility!
There is no way to protect you 100%, but following the right security strategies minimizes risks to a minimum.
Don't underestimate the protection of your assets; security in cryptocurrencies is the most important investment you can make!
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