a reminder to secure your cryptocurrencies

As Bitcoin surpasses the record price of $97,000, interest in cryptocurrencies is reaching new highs, and with it, the priority on security also grows. In this rapidly expanding market, having a reliable asset protection checklist is crucial as protecting your investments should always come first.

So how can you protect yourself? If you have a cryptocurrency investment opportunity in sight, you should evaluate some key points.

Stay safe with these tips when investing in bitcoin and cryptocurrencies

1. Investigate thoroughly: Trust your own research instead of blindly trusting others. It is important to examine any investment carefully. By independently verifying information, you can build a secure foundation for your investments and make decisions that prioritize your financial security.
2. Be careful with the new tokens: Be especially wary of new projects led by untested or anonymous teams.
3. Keep your trading activity private: Avoid posting your cryptocurrency earnings on social media or elsewhere, as this could make you a target for scammers.
4. Avoid suspicious links: Don’t click on links or attachments in unexpected emails. By being cautious and only interacting with trusted sources, you protect yourself from these threats and reduce the risk of unauthorized access to your accounts. Taking a few seconds to verify the source of a link can make the difference in keeping your assets safe.
5. Use strong and unique passwords: Avoid reusing passwords, especially for cryptocurrency accounts. Enabling two-factor authentication (2FA) is also essential to improve account security.
6. Limit access to third parties: Avoid giving any person or organization unilateral control over your account.
7. Diversify storage: Don’t keep all your assets on a single platform. As your portfolio grows, consider moving funds to secure physical wallets or cold storage options. This minimizes exposure to exchange vulnerabilities.
8. Choose cryptocurrency exchanges that are truly secure: The first and most important thing is to use an exchange platform that is truly secure, not just seems that way. Find out what security measures the platform uses before trusting it with your money.

An ally to protect your investment in the digital world

You should know what method an exchange uses to store customer funds. For example, WhiteBITone of the largest cryptocurrency exchanges in Europe, secures 96% of digital assets in cold wallets and employs a web application firewall (WAF) to identify and block potential hacker attacks. Cold stored assets are additionally protected through a multi-signature access system.

The company has successfully completed cybersecurity penetration tests, ranking in the top 3 in cer.live. Additionally, WhiteBIT has obtained ISO 27001 certification and reached the highest level, level 1, of the PCI DSS Certification for Payment Data Security.

This certification confirms that WhiteBIT follows best practices for storing, processing and transmitting payment card data, protecting users’ financial information and privacy. WhiteBIT allows its customers to make bank card transactions securely using methods such as Apple Pay and Google Pay.

Volodymyr Nosov, CEO of WhiteBIT, said in a interview: «The security of our customers has always been a priority at WhiteBIT. We set high cybersecurity standards and work tirelessly to protect our users’ data from potential threats.”.

The exchange stands out for its compliance with international anti-money laundering (AML) regulations. Several examples show the proactive efforts of its financial monitoring and anti-money laundering teams.

For example, in October 2023, the company froze around 445,000 XRP tokens that had been stolen from the Coins.ph cryptocurrency exchange. Earlier this year, WhiteBIT’s AML and financial monitoring teams detected suspicious activity related to the wallets of Chris Larsen, CEO and co-founder of Ripple, and immediately alerted the XRP Ledger to a potential security breach.

WhiteBIT takes measures to protect your cryptocurrencies

This exchange requires KYC verification to prevent fraud. It also offers you additional security measures such as two-factor authentication (2FA), an anti-phishing code, automatic logout in case of inactivity, and withdrawal address management. With this last feature, you can create a list of approved addresses for withdrawals, so that it is only possible to send funds to those previously authorized addresses.

Thanks to these security measures, WhiteBIT It is one of the few cryptocurrency exchanges that has never been hacked. As a European platform, it is regulated by several organizations to guarantee your safety.

Reputation is another fundamental factor. WhiteBIT is an official sponsor of the renowned Spanish football club FC Barcelonaand this year he was a partner of TOKEN2049 Singapore, a leading event in the cryptocurrency industry. And their list of partnerships continues with companies like TradingView, FaceIT, Trabzonspor Football Club and others.

In short, as bitcoin continues its upward trajectory, it is crucial to prioritize security and only trust well-established and reputable platforms.

Investment in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail in https://whitebit.com/risks/espana.

The content and links provided in this article are for informational purposes only. CriptoNoticias does not offer legal, financial or investment recommendations or advice. Cryptocurrency investments through ICOs and token pre-sales are high risk. Each interested party should conduct their own research and invest at their own risk. CriptoNoticias does not endorse any investment or similar offers promoted here. For more information visit our Disclaimer.