Its important to know you are responsible for your funds in crypto
*Ensure Password Security* The inherent asset value and digital nature of crypto make it an attractive target for cybercriminals, so it’s crucial to ensure your password's robustness.
*Change passwords regularly*: Regular updates to your password make it harder for malicious individuals to gain unauthorized access to your account. It is recommended to change your passwords every 3 months, and ensure that it is notably different from previous passwords.
*Password manager*: Using a reliable password manager can be a helpful tool to create complex passwords and keep them safe. They ensure that passwords stay random, are strongly encrypted, and are easily accessible at all times via your computer or phone or write it down
*Avoid personal information* Refrain from using personal data, such as names, birth dates, or addresses. This type of data lacks password complexity, and it is what hackers often start with when trying to breach accounts. Furthermore, in the digital age, much of your information may be publicly available without you even realizing it.
*Use complex passwords* Make sure to use a combination of uppercase and lowercase letters, various numbers, and special characters to increase password security. Ideally, aim for a minimum of 12 characters for added security. Do not share your password: Keep your password confidential. Shared passwords risk unwanted access.
*Two-factor authentication (2FA):* Two-factor authentication heightens security by demanding a second layer of verification (often through a mobile app or code sent via email). With 2FA, even if your password is discovered, an unauthorized user can't access the account without also possessing your 2FA code. Closing Thoughts It's clear that as the popularity of cryptocurrencies grows, the necessity for implementing meticulous security measures to keep your account safe also increases. #TrendingTopic #Write2Earn #TradeNTell
#tradeNtell #CRYPTO TERMINOLOGIES YOU SHOULD KNOW (SERIES 4) Hi everyone, today I have done some research and got you other crypto terminologies you should know
1. *LP( liquidity pool)* - A pool of funds for a certain crypto purpose
2. *LP(liquidity provider)* - A person providing liquidity to a pool.
3. *CONTRACT ADDRESS* - It is an address that provides the location of a particular token or coin in an exchange
4. *BTFD*- Buy The F,u,c,k,i,n,G Dip
5. *TA*- Technical Analysis
6. *FA*- Fundamental Analysis
7. *POS*- Proof of Stake
8. *POW*- Proof of Work
9. *OTC*- Over the Counter
10. *WEAK HAND*- A coin holder prone to selling at the first sign of a dip in price
11. *POH*- Proof of History
12. *POSA*- Proof of Stake Authority Thanks for reading my post follow, share , like and comment, tip me too to encourage me do more research, you can drop some terminologies in the comment section and i will explain them. #Write2Earn #TrendingTopic #LearnAndGrow #LearningExperience
CRYPTO TERMINOLOGIES YOU SHOULD KNOW (SERIES 3) 1.*DYOR* - (Do Your Own Research) often aims to reduce the number of uninformed investors in cryptocurrency. It encourages them to research and understand a cryptocurrency before investing.
2. *NFA* - (Not a Financial Advise) The term is also often used as a disclaimer when cryptocurrency traders and enthusiasts make public posts or share their market analyses on social media platforms. The market cannot be 100% predictable and even a “Correct” analysis can fail so it’s important that users apply discretion while investing.
3. *WHALE* - A crypto whale is wealthy individual or a company that can move large amounts of cryptocurrency in one go. This can have a big impact on the market.
4. *FUD* - (Fear, Uncertainty and Doubt) Events and news that create a negative effect on the market
5. *BULLISH* - The upward movement of a market
6. *BEARISH* - The downward movement of a market
7. *ATH* - All time high
8. *ATL* - All time low
9. *STAKING* - the act of locking up your cryptocurreny to help secure the network and validate transactions
10. *FARMING* - mostly same as staking Am always encouraged with your engagement with my posts to provide more information and you can tip me too #Write2Earn #TrendingTopic
CRYPTO TERMINOLOGIES YOU SHOULD KNOW (SERIES 2) 1. *TOKENS* - Tokens are created on existing blockchains. I.e Every cryptocurrency created under BSC, SOL, ETH or any other blockchain is not a coin but a Token. E.g $cake (Bsc), $rope (Sol), $UNI (Eth). Tokens are the backbones of DEFI & exist to be used with DEX.
2. *MARKET CAPITAL* - The total trading value of a cryptocurrency. Calculated by (Current Price x Circulating Supply= Mcap)
3. *STABLECOIN* - A cryptocurrency that is tied to the value of the US dollar to make it more stable and less volatile. E.g USDt, Busd
4.*PUMP AND DUMP* - This is kind of like a scam where people who own a large share of a Coin encourage others to buy to artificially pump the price. Once the price reaches a high point, they sell off all that they own and the price falls drastically.
5. *BAGHOLDER* - This term is for someone left with a cryptocurrency after a pump and dump. E.g Everyone holding Shitcoins after they fall
6. *GAS FEE* - A fee for validating a transaction.
7. *REKT* Slang for ‘wrecked’. It implies that the user lost a lot of money on cryptocurrency. 8.*MOON* - A belief that a Cryptocurrency will rise exponentially in price.
9.*HODL* - A drunken misspelling of the word ‘hold’ which is now a slang people use when they say they are going to wait and hold onto a cryptocurrency.
10. *NFT* - (Non Fungible Tokens) NFTs enable people to buy and sell collectibles like art, music and trading cards using smart contracts. NFTs can work like any other speculative asset, where you buy it and hope that the value of it goes up one day, so you can sell it for a profit. Don't forget to follow,like, comment and share #Write2Earn #TrendingTopic
CRYPTO TERMINOLOGIES YOU SHOULD KNOW (SERIES 1) Hello everyone, today I have compiled some crypto terminologies that we should familiarise our selves with.
1. *FIAT* - Government-issued currencies i.e Naira, Dollar
2. *BLOCKCHAIN* - the technology of cryptocurrency that keeps the system secure and decentralized.
3. *DEFI* - (Decentralized Finance) is an ecosystem that operates independently, free of third parties or exchanges.
4. *CEFI* - (Centralized Finance) had always been the standard for trading Crypto before DEFI. CEFI involves the use of companies operating exchange platforms like Binance, FTX etc
5. *WHITE PAPER* - A white paper is a document that outlines what a cryptocurrency is created to do and how it will achieve it.
6. *TOKENOMICS* - This is a combination of Token & Economics. It helps understand the supply and demand characteristics of a cryptocurrency
7. *ICO* - Stands for ‘Initial Coin Offering’, which is where a new cryptocurrency gives away some coins at a discounted rate usually to finance the project.
8. *IDO* - Stands for ‘Initial DEX Offering’ refers to the launching of a cryptocurrency on a decentralized exchange (DEX) usually at a price lower than the listing price in order to raise funds.
9. *COIN* - There is a difference between Coins and Tokens. A coin is an asset that is native to its own blockchain. E.g Bitcoin, Ethereum, Solana
10. *TOKENS* - Tokens are created on existing blockchains. I.e Every cryptocurrency created under BSC, SOL, ETH or any other blockchain is not a coin but a Token. E.g $cake (Bsc), $rope (Sol), $UNI (Eth). Tokens are the backbones of DEFI & exist to be used with DEX. follow, like comment and share#Write2Earn #TrendingTopic
DO not let opportunities to pass by you repeatedly here in the the crypto space Whenever you hear about anything in this crypto space always do research before you involve yourself in it That's the best way you can achieve "whenever you ignore opportunities you become P.O.O.R!!"#Write2Earn