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It is evident that while a firm’s technology plays a crucial role, an overwhelming number of losses boil down to user error, making it vital for individuals to remain vigilant. This reality raises ongoing concerns; if legitimate users are being targeted through advanced scams, what does that say about the security landscape for cryptocurrency?
Best Practices for Crypto Storage
In light of recent tales of financial losses, it’s recommended to stagger the storage of crypto assets instead of consolidating everything within one wallet, including strategies such as:
- Diversification: Splitting substantial assets across different wallets. If a breach occurs in one, other funds remain secure.