How to Keep Your Bitcoin Safe

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How to Keep Your Bitcoin Safe
Hackers can gain access to individuals crypto
wallets or breach entire cryptocurrency exchanges
to steal their holdings. Thats why its
essential to store your crypto in a safe place,
and practice good digital security
habits. Cryptocurrency exchanges and third
parties offer storage for your coins through hot
wallets, which are secure, but still online (and
therefore still susceptible to hacking). Crypto
held on an exchange or in a wallet is not
FDIC-insured like money in the bank. Make sure
you trade and hold your crypto on a platform that
offers robust security measures including
keeping a significant amount of holdings in its
own cold storage and two-factor authentication
for users. Some exchanges may even have private
insurance policies in case of theft or
hacking. For the best protection against online
fraud, many experts recommend cold storage
through an offline device not connected to the
internet, similar to a USB drive. But even cold
storage comes with risks, like the possibility of
losing access to your investment completely if
you forget your password.