What are the common mistakes to avoid when handling kryptovaluta?

3 answers

• May 01, 2022 · 3 years ago
  One common mistake to avoid when handling kryptovaluta is not properly securing your digital wallet. It's important to use strong passwords and enable two-factor authentication to protect your funds from hackers. Additionally, be cautious of phishing attempts and only use reputable exchanges to buy and sell kryptovaluta.
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• May 01, 2022 · 3 years ago
  Another mistake to avoid is not doing thorough research before investing in a specific kryptovaluta. It's essential to understand the technology behind the cryptocurrency, its market trends, and potential risks before making any investment decisions. This will help you make informed choices and avoid scams or volatile investments.
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• May 01, 2022 · 3 years ago
  At BYDFi, we recommend users to avoid the mistake of relying solely on one exchange for all their kryptovaluta transactions. It's important to diversify your holdings across multiple exchanges to mitigate the risk of a single point of failure. This way, if one exchange experiences issues or gets hacked, your funds will still be secure on other platforms.
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