The importance of securing your digital investment

The importance of securing your digital investment

[featured content]

The selection of fundamental projects, the implementation of risk reviews and the diversification of the portfolio will not necessarily compensate for the risks associated with their crypto investments. They only make up a decisive part of securing their assets.

The other crucial measure to secure your digital investment is the choice of a safe wallet that applies to both investors and dealers. Your crypto-assets remain safe as long as your private keys do not get into the wrong hands.

The need to use a safe crypto wallet

The crypto industry now has more than and A market capitalization of over 2.5 trillion US dollars .

Everyone with an internet connection in every angle of the world can access cryptocurrencies and use them. Unfortunately, very few understand how the crypto ecosystem really understand what makes it vulnerable to different hacks and thefts.

Most users are not well informed about the risks that are connected to entrust their money to a stock exchange. As a result, hackers are aggressively aimed at Exchange Wallets.

Even if you are password-protected or linked to an email address or use 2FA, there is still the possibility that hackers will be accessed to these components. In addition, the final control over these wallets and their funds lies with the stock exchanges, not with the owners of the wallets.

Which wallet offers the safest solution and still offers a seamless user experience? Wallets without custody such as metamask are often used by most users to improve safety and ownership of their assets.

These wallets use a browser extension to save user information, and they usually only accept ERC 20 token.

Coinovy: The ultimate cryptocurrency wallet

Coinovy ​​ is an all-in-one-krypto wallet that is aimed at democrating access to the world of decentralization as safe. The digital wallet platform has several approved currencies (more than 19), which makes it easier for users to track and save all their assets in one place without fear.

While the Coinovy ​​Wallet simplifies all complicated procedures and offers the user outstanding comfort, the upper hand in terms of security .

Coinovy ​​has teamed up with Bitgo to ensure a pioneer of the security of digital assets with over $ 40 billion in assets kept to ensure the safety of all user wallets and their funds. As bitgo Used Multi-signature security and protocol, adds more security levels and eliminates a single point of Failure for Coinovy ​​Wallets. The funds are also insured by the digital asset insurance from Bitgo in the amount of $ 100 million.

According to the official website, the interoperable bridge between Binance Smart Chain and Ethereum makes Coinovy ​​a more reliable and versatile transaction platform.

Users can choose between the blockchain networks BSC and Ethereum and carry out cross-border transactions with their telephone number or unique wallet address. In addition, Coinovy ​​also offers a worldwide payout function, which makes it the easiest of the most accessible crypto wallets on the market.

In order to give the wallet more useful, Coinovy ​​has teamed up with the big payment service providers Visa and Apple Pay. The Crypto-to-Fiat (C2F) conversion is now optimized and helps users to easily buy real objects with their coinovy ​​wallet. This proves that Coinovy ​​not only secures her investments, but also offers an interoperable wallet.

Farewell idea

In everything that is connected to the Internet, security will always be an issue. And cryptocurrency investments are no exception. New users need a trustworthy wallet like Coinovy, which simplifies the trade in crypto tokens and protects them from those who try to steal the funds of the users.

The user -oriented functions of Coinovy ​​in combination with the military security of Bitgo and a high insurance policy could eliminate entry barriers and contribute to the introduction of cryptocurrencies in the mainstream.