Storing cripto currencies safely E-Book

Falsone Giuseppe

• Herausgeber: Youcanprint
• Kategorie: Fachliteratur
• Sprache: Englisch
• Veröffentlichungsjahr: 2022

Beschreibung

Decentralized finance is taking on an increasingly prominent role. The development of blockchains has created endless possibilities providing fertile ground for the growth of cryptocurrencies and tokens, such as NFTs that are revolutionizing the entire world economy. However, now that cryptocurrencies are real and established market, the need to store them safely, through the use of digital wallets and hardware, is increasing. In this manual I will teach you how to approach these topics and how to use the necessary tools to ensure the safety of your savings.

Leseprobe

Table of Contents

Introduction

Storing cyptocurrency

Safe storage of Block chain

How Blockchain storage works

Safe storage of Bitcoin

Safe storage of De-Fi

Safe storage of NFT

Safe storage of Metaverse

Safe storage of wallets

Safe storage of data extraction

Module two

How to buy cryptocurrency

How to buy a Blockchain

How to buy Bitcoin

How to buy De-Fi

How to buy NFT

How to buy Metaverse

How to buy wallets

How to buy data extraction replacement exchange

Module three

How to keep cyptocurrency

How to keep Bitcoin

How to keep De-Fi

How to keep NFT

How to keep Metaverse

How to keep wallets

Custodial wallet

Benefits of a custodial wallet

Disadvantages of custodial wallets

Best custodial wallets

Non custodial wallets

Benefits of non custodial wallets

Disadvantages of non custodial wallets

Best non custodial hardware wallets

Advice to always use a VPN

Giuseppe Falsone

Youcanprint

Title - Storing cryptocurrencies safely

Author - Giuseppe Falsone

ISBN - 9791220398435

© 2022 All rights reserved by the Author

No part of this book may

be reproduced without the

prior permission of the Author.

Youcanprint

Via Marco Biagi 6 - 73100 Lecce

www.youcanprint.it

[email protected]

INTRODUCTION

Today the world is changing fast, the future is already present, the banking system, finance and people's savings will no longer be as we know them. With the event of cryptocurrencies and blockchain has been drastically changed the form of approaching this fascinating world, the importance of it is based on the security of holding digital wallets and how to store their savings, the text explains in a simplified layman to understand the importance and use of these tools.

My name is Falsone Giuseppe, I was born in a country of the beautiful Sicily, ancient and hospitable land. I am an expert in computer security and startup developer in my spare time I work with computer security agencies, with a passion for decentralized finance, I wrote this little book to simplify how to take the first steps to store cryptocurrencies in a safe way to avoid loss of digital assets.

STORING CYPTOCURRENCY

Most cryptocurrencies work on the public-private key pair principle. You can look at the public key like your IBAN, while you can look at the private key like your PIN.

Most advanced digital wallets allow you to manage with more different keys, unlocked with the set of random words (seed) generated when generating the wallets.

These words are the most important credentials you need to store safely. Anyone who has access to security words owns cryptocurrencies unlocked with them.

You remain the cryptocurrency owner if only you have access to the security code or the private key. If others are directing them, the cryptocurrencies are not yours, and you revert to the banks' system.

It's worth noting that the most dangerous vulnerabilities are not in block chain technology or crypto currencies themselves but in the Smartphone, computers, and laptops we use to store and manage our wallets and keys and websites we use to buy and sell our crypto currencies.

This means that all applications you use to access the block chain network are not sufficiently protected against hacker attacks. As a result, read our security recommendations below to discover how to properly safeguard yourself and your bitcoins.

Blockchain technology and crypto currencies have the advantage that decentralized and secure peer-to-peer networks are very well protected against hacks and manipulation. Dramatically increase your computer's security without spending any money. Reflect on your user behavior updates, backups, and strong passwords increase security significantly.

"People are the weakest link in the IT security chain." You will often read this or a similar sentence on various IT websites. Although, or rather because we humans can take security measures, we are the least protected from hacker attacks. That's why we must navigate the digital world with caution and develop a sense of which sources and tools are trustworthy.

In the digital world, the Internet plays a major role and crypto currencies. Since the latter are assets, you need to be extra careful because they could easily be stolen without you noticing right away.

Obtaining cryptocurrency is one thing, but properly storing it necessitates a completely new set of skills and understanding. The most significant danger in investing is user mistakes, not hacking or security problems. It's quite simple to misplace the private keys. Hacking remains a severe threat and the methods mentioned here will assist in limiting that risk.

When storing cryptocurrencies, it is necessary to think about several types of possible accidents:

• Physical Attacks:

• Floods

• Firetrap

• Pets and the like

• Online attacks:

• Hacker

• Data loss

• Device damage

Ideal storage should be protective and resistant to most of the attacks listed. Of course, the level of protection it makes sense to secure depends on the amount of money you store in the form of cryptocurrencies.

You evaluate yourself and look for the compromise between safety and ease of use that suits you and allows you to sleep peacefully.