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July 26, 2023 Cryptocurrency

Cryptocurrency Security & Safety

If you’re interested in the cryptocurrency market, keep in mind that there are some risks involved, as with any investment opportunity. But don’t worry! With WeStreet Crypto Portal, we offer a more safe and secure platform for trading.

We understand how important it is to keep your cryptocurrencies safe. That’s why we have implemented multiple systems to ensure the security of your assets. Our trusted custodians use a method called cold storage, which means your crypto assets are kept offline and not directly connected to the Internet.

This means that they are secure and protected from online attacks that they otherwise might be exposed to if stored with some popular exchanges.

Our qualified custodian monitors your crypto balance on a daily basis to ensure there is agreement on the balance between all parties. If any discrepancies do appear, we work promptly to resolve them.

The crypto that our trusted custodians hold is solely reserved for you and will not be utilized for any other purposes. This ensures that you can access it whenever you wish to sell.

Popular exchanges may use your currency for unauthorized transactions without your knowledge.

In addition, there are some tips you can follow to help protect your cryptocurrency account. Whether you’re hoping to strike it rich or just want to be part of the latest technological trend, these tips can help you stay safe and secure.

Cryptocurrency Security Checklist

  1. If an investment opportunity seems too good to be true, it most likely is. Investing does not come with guaranteed returns or risk-free strategies.
  2. It’s always a good idea to do your own research instead of just taking someone else’s word for it.
  3. Be skeptical of new token projects, especially if unknown or unproven individuals are leading them.
  4. Be suspicious of emails or solicitations that you did not request.
  5. Resist the urge to publicize a profitable crypto trade on social media or at a partyscammers and criminals can’t target you if they don’t know you exist.
  6. If you get an email that looks suspicious, don’t click on any links or download any attachments.
  7. Never share or reuse passwords, especially for your crypto or online banking accounts.
  8. Additionally, make sure that you enable two-factor authentication (2FA) for all accounts.

Digital assets (i.e. cryptocurrencies) held in your digital asset account (i.e. crypto account) are not federally insured by any government entities, including, but not limited to, NCUA. The digital assets offered may be heavily speculative and volatile; involve investment risk; may have associated fees; may not allow member recourse; and are being offered by a third party. Your digital account does not support wallet-to-wallet transferring of your digital assets (i.e. cryptocurrencies). You should carefully consider whether buying or holding digital assets is suitable for you in light of your financial condition. Digital assets are not obligations of WeStreet and are not guaranteed by WeStreet. For additional terms and conditions governing your digital asset account, please refer to our Crypto Terms and Conditions.