How to Protect Your Cryptocurrency Holdings (Infographic) If you're planning to invest in the volatile and risky market, be smart about it.

By Rose Leadem

Opinions expressed by Entrepreneur contributors are their own.

Koron | Getty Images

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.

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

I've Made Hundreds of Thousands of Dollars With a Fun Side Hustle — And You Might Have Seen Me Doing It on TV

Phil Schraeder, CEO at GumGum Advertising, turned a childhood passion into a lucrative side gig.

Business News

Citigroup Mistakenly Credited a Customer with $81 Trillion Instead of $280: 'Inputting Error'

An employee caught the mistake quickly, but the bank has recently made other errors that have drawn scrutiny and fines from regulators.

Leadership

Why Gen Z Is Ditching the Corner Office Dream — and How Businesses Can Adapt

Discover why Gen Z prioritizes purpose and well-being over traditional career paths and how businesses should respond.

Celebrity Entrepreneurs

'You've Got to Be Ready': Anthony Michael Hall on the New Season of 'Reacher,' Working With Chevy Chase, and Developing a Thick Skin in Hollywood

The iconic actor discusses his incredible career and the mindset that sustains him in good times and bad.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Money & Finance

4 Expenses You Can Avoid When You First Start Your Company

Cost optimization is key if you want your startup to go far.