Cryptocurrency market: six keys to investing more securely

The market capitalization of the entire cryptocurrency industry is constantly increasing and surpassed $ 2 trillion in the first quarter of 2022. Such expansion in digital assets causes a growing demand for Store them safely and efficiently.

Both wealth managers and individual users are motivated by the need to ensure safety, operational efficiency and compliance regulatory requirements.

“We believe that data security and privacy are the basis for the adoption of cryptocurrency by the population”pointed out Marc Lebreton, Crypto.com Growth Leader in LatAm, the cryptocurrency application ranked as the “safest” according to Top Crypto Exchanges Rated for Security.

In a context of growing wealth among crypto-natives and growing demand for alternative assets, traditional financial institutions and asset managers are incorporating multisig wallets and smart contracts for reasons of safety and operational efficiency.

In this proliferation of demand, digital security and cybersecurity are key to supporting this sector.

Lebreton assured that “the more than 50 million users of Crypto.com can rest easy knowing they are protected by one of the largest insurance policies in the industry” which offers protection against physical damage or destruction and against theft of third parties. .

What features does a secure and reliable crypto app have?

• Users’ cryptocurrencies are kept off the networkin cold stores against physical damage or destruction, and against theft by third parties.

• Corporate funds are held in hot wallets. They are mainly used to ensure that customer withdrawal requests are processed smoothly on a day-to-day basis.

• principle of least privilege. Strict controls on access rights to funds in both hot and cold portfolios.

• Multi-factor authentication. Secure transactions, including password verification, biometrics, email, phone and authenticator.

• Privacy and protection to operate. White list of external addresses with e-mail verification.

Tips for users

• Avoid using public Wi-Fi networks and unsecured connections. These networks can be used to steal login credentials, credit card numbers, and other sensitive information while online.

• Always use your device when logging into any of your accounts. Shared devices can be configured to access personal data, such as tracking and collecting passwords from users.

• Encryption protects us from hackers and unwanted data breaches. Always check your deposit / withdrawal details. Avoid typing in the transaction details manually.

• Accessing your Exchange account’s API key allows others to move funds and resources on your behalf. With API access permission, third party applications or services can execute trades, diversify funds and collect account data. Be sure to check who has access to your Exchange account API key (if they use it). When you stop using a service provider, you remove your access.

How much Bitcoin is traded

Bitcoin (BTC) hit $ 22,000 after trading below this figure for three weeks. That value this Monday implies an increase of over 4%. Thus continues the rise that began 5 days ago, after hitting the low of the last 2 months of 18,000 dollars. $ 22,422.5

Bitcoin’s rise to its 3-week high occurs at the same time as a number of factors come together to benefit its market. In principle, the stock market.

Major equity indices in the US and Europe finished last week with the best weekly gains in a month. And this Monday they opened higher in Europe, just as they should be in the US as futures rallied in the premarket.

This overview shows the increase in risk appetite of investors at the beginning of the week. Something that is also exposed in the dollar’s fall, in contrast to this year’s rise due to the decrease in demand for risky assets, such as stocks and Bitcoin.

The increase in risk appetite occurs as a result of the cooling of general pressures generated by rising inflation. It is expected that the US Federal Reserve (Fed) reports on September 13 of a decline in inflation.

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