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Seven Ways To Secure Your Cryptocurrency Investments This Diwali

  • 2 mths ago

With time, the Diwali investment portfolio has expanded, from gold and diamond to stocks and real estate, and now cryptocurrencies. The virtual currency has been successful in capturing the otherwise conservative Indian market so much so, that as per recent reports, even top Bollywood stars like Amitabh Bachchan have jumped on the bandwagon. As per the latest reports, the 79-year-old megastar has been roped in as the brand ambassador for CoinDCX, while another TV commercial by CoinSwitch is already live with superstar Ranveer Singh promoting crypto trading.

But before you trade your hard-earned money online, you should ensure the safety of your crypto transactions. Just this week, those invested in Squid digital token lost around $3 million when it crashed by around 99 per cent to less than half a cent.

How secure are your cryptocurrency transactions?

Cryptocurrencies are digital tokens that are encrypted for secure transactions and control the creation of new units. Time and again, it has been emphasized that cryptocurrencies are powered by highly secure blockchain technology.

The technology is known to secure the transactions into “blocks” with cryptographic algorithms like hash functions that make it harder for hackers to crack it. Moreover, the transactions are further secured with an additional layer of security–two-factor authentication.

Continue reading: https://www.outlookindia.com/website/story/business-news-seven-ways-to-secure-your-cryptocurrency-investments-this-diwali/399636

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