How to Protect Your Cryptocurrency Holdings (Infographic)

If you're planning to invest in the volatile and risky market, be smart about it.
How to Protect Your Cryptocurrency Holdings (Infographic)
Image credit: Koron | Getty Images
1 min read

With cryptocurrency growing in popularity, you may want get a cut. But you have to be smart about investing your money in something so risky and volatile.

Related: Watch Out for These Cryptocurrency Scams

As of August 2017, more than $225 million worth of cryptocurrency was stolen, according to research compiled by CryptoGo, a cryptocurrency exchange. In 2013, the total amount of stolen Bitcoin was valued at $3 million, and in 2016 this number reached a whopping $95 million. Phishing, exploitation of software and storage and hacks are the top three ways cryptocurrency is stolen.

So what can you do to prevent yourself from becoming a victim? For starters, do your research on the type of cryptocurrency you wish to invest in. It’s also important to investigate exchanges and storage methods, so you can figure out how to best protect your money. Using antivirus software and multi-factor authentication codes are also things you can do to protect yourself.

Related: 4 Pros and Cons of Investing in New Cryptocurrencies

To learn more, check out CryptoGo’s infographic below.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur