Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Bybit Learn

Blockchain

As crypto continues to grow, it is attracting the eyes of hackers. Can Cryptocurrency still be hacked today? Read on to find out.

Cryptocurrencies have seen enormous growth over the years. As more users have come on board, the number of hacks have increased. This year crypto hacks cost 

. These thefts are especially rampant with crypto bridges, resulting in $1.4 billion taken in 2022 alone.

The largest single hacking incident, in March of this year, was the 

. Earlier this year, even the large crypto exchange Crypto.com was hacked for millions, causing the network to pause withdrawals for over 14 hours.

Hacks have caused investors to not only lose their life savings, but also their trust in cryptocurrencies, which results in potential investors backing away from the industry. This article explains how cryptocurrencies are being hacked today, why it’s important to stay vigilant, and some tried-and-true ways to avoid getting hacked.

 of having to choose two out of three features (decentralization, security and/or scalability) is fundamental to 

. To compensate, the architecture behind modern cryptocurrencies, decentralized applications (DApps) and NFTs has significant built-in security features. Once data blocks have been added to the blockchain database, they’re immutable and cannot be reversed or hacked. Despite this structure, hackers have made off with millions every year because of shortfalls in bridge, protocol and personal security. As hackers take advantage of fringe vulnerabilities in the system and abuse existing smart contracts, users can effectively combat this by keeping themselves safe through secure crypto wallets.

So, are blockchains safe? The short answer is yes. The blockchain itself is secured through cryptographic techniques and consensus mechanisms from network participants. However, losses happen all the time because of the security shortfalls mentioned above.

The Role of Miners in Keeping the Blockchain Secured

 (PoW) blockchains secure from hostile takeovers, spam and attempts to centralize the network. In return, miners are rewarded for contributing their resources. 

On the surface, miners package transactions 

 into candidate blocks. Then each miner uses a computational machine to solve the 

 (for Bitcoin, SHA-256, or Secure Hashing Algorithm 256 bits). Once a hash has been solved and verified, it’s added to the blockchain and the miner receives a reward.

Naturally, blockchains are open to assault from the same miners who secure the network. Using the 

, a group could potentially take over a blockchain if they owned more than 50% of a PoW cryptocurrency. A 51% attack works by overriding the existing network and taking over the set security protocols. Once the attackers control the majority of the 

, they can introduce changes to the blockchain and allow transactions — such as a double spend  —  through majority consensus.

For example, Bitcoin transactions require six confirmations from the network to be processed. An unprocessed transaction could be reversed in a 51% attack in which miners would gain control over coins from unconfirmed transactions. They could then transfer the coins to an address of their choosing. The severity of a 51% attack would depend on what the attackers ultimately decided to do.

Yes — your cryptocurrency can be stolen if you don’t take the necessary steps to secure your coins. Hackers can steal them directly, or use scams to trick you into handing them over. If your 

 aren’t kept safe, it’s possible for a hacker to get into your hot wallet (see 

, below). This can’t happen if you store your coins offline in a cold wallet, such as 

 — one of the best hardware wallets available.

 has improved over the years, but as we see more widespread adoption, crypto hacks are growing. Here are the three most common crypto hacks.

A blockchain bridge allows assets to be sent from one blockchain to another. Users send funds in one asset to the bridge, where the funds are locked into a contract. The user is then issued a 

 — mimicking the characteristics and functions of the target token, once it reaches the target blockchain network.

Bridges have been targeted in the last few years because they often have a central storage point where funds are locked up and used to back the wrapped assets. Whether they’re held by a centralized entity or locked in a smart contract, current bridge designs have yet to solve the challenges among blockchain bridges.

Some bridges are vulnerable because of their poor model. For example, the 

 was hacked for $100 million after attackers compromised two out of five accounts and approved the withdrawal of funds from Harmony to Ethereum.

Wormhole, one of the largest cross-chain bridges, was hacked for $320 million. The hacker managed to mint Wrapped Ethereum (WETH) on 

without putting up the necessary collateral on Ethereum. Fortunately, Jump Trading stepped in to provide the same amount of ETH, saving protocols and users from huge losses.

 to manage your own cryptocurrencies. The keys are required to access your crypto deposits. You have full control over them, and keeping them safe is your most important task. 

. Cold wallets like hardware wallets from Trezor and Ledger are the most secure storage option because it’s not connected to the internet. It's untouchable except during short connection periods for online transactions. 

A hot wallet is connected to the internet and, therefore, more vulnerable to attacks. While most users prefer hot wallets for their convenience, hackers can directly interact with a hot wallet using malware, phishing and other hacking strategies. Recently, over 8,000 hot wallets were hacked and drained of funds, unbeknownst to the users. The attack happened on hot wallets Phantom, Slope and Trust Wallet, and amounted to $5 million worth of native Solana tokens. According to a 

, engineers discovered the bug was not on Solana, but in the software of several hot wallets.

Other hot wallets include desktop wallets (Coinbase Wallet), mobile wallets (Trust Wallet) and browser wallets (MetaMask). These are usually third-party applications that could have security vulnerabilities, which might allow hackers to access your private keys. In the case of MetaMask, there are bogus sites that can induce you to input your seed phrase — and then the scammers immediately convert and drain your funds.

A crypto exchange is a platform where users buy and sell digital assets using 

. The exchanges provide users with custodial wallets and other services, which include managing user accounts and their private keys. Since only a few private keys hold large funds, the wallets become targets for hackers.

Earlier this year, one of the biggest crypto exchanges, Crypto.com,  was hit with a $35 million hack that affected over 400 users. The exchange initially found that a small number of users had unauthorized crypto withdrawals from their accounts. This turned into a large number as withdrawals were being approved without using 2FA (two-factor authorization). Crypto.com halted withdrawals for 14 hours and fully reimbursed its affected users.

Following the Solana wallet hack in the same week, a hacker stole $4.8 million worth of cryptocurrencies from the ZB.com exchange (whose homepage states, “The World’s Most Secure Digital Asset Exchange” — so yes, it can happen anywhere). Unfortunately, ZB.com wasn’t fast enough to suspend withdrawals, and the funds were transferred from the exchange wallet to an unknown address thought to belong to the hacker.

 (CeFi) requires a central entity to oversee transactions, while decentralized finance (DeFi) allows users to transact with each other using smart contracts. Both CeFi and DeFi have their benefits, although hacks happen to users on both platforms. In terms of crypto hacks, one advantage of using a CeFi platform is the possibility of recovering your assets, usually at the expense of the platform's insurance fund. When compared to a similar hack in DeFi, the chances of recovery are close to zero, as assets are managed by the individual.

Many crypto exchanges have been targeted over the years, and although users are usually reimbursed, it isn't always the case. Some exchanges don’t have enough to pay out their customers. Despite this predicament, people still want to invest in cryptocurrencies because of their potential to skyrocket in value. If you’re considering adding crypto to your portfolio, it’s worth noting the safest crypto exchanges.

Bybit is the best P2P crypto exchange around the world for trading with leverage. The platform facilitates the buying and selling of cryptocurrencies at an optimal, agreed-upon price, and supports more than 80 types of payment methods. Bybit’s 

 process is straightforward and allows users to make unlimited deposits, withdrawals and trades by complying with Bybit’s KYC.

Considered one of the safest crypto exchanges, Binance allows users to purchase almost 60 types of cryptocurrencies, including Litecoin, Chainlink and Dogecoin. Trading P2P on Binance doesn’t incur any taker fees. However, the P2P altcoin exchange does charge a maker fee of up to 0.35%. That aside, P2P advocates everywhere use it to buy and sell a host of altcoins.

Huobi is among Asia’s best-known crypto exchanges, offering one of the largest platforms for crypto trading since 2013. Customer service is surprisingly quick and responsive, which is comforting in a volatile marketplace. On this P2P crypto exchange, neither buyers nor sellers pay transaction fees, making it extremely competitive against other first-rate P2P crypto exchanges.

Another one of the safest crypto exchanges in more than 200 countries, OKX supports advanced trading for experienced crypto traders. It also offers more than 100 currency pairs for Tether, Bitcoin and Ether, making it a favorite P2P exchange for international users.

KuCoin is one of the safest crypto exchanges for non-American traders who are ready for an advanced trading platform with more features. Traders can also earn interest on their crypto while it sits in their wallets, making it one of the most popular P2P crypto exchanges on the market. KuCoin claims that one in four crypto users hold some assets on its platform, which means there’s a big pool of buyers and sellers to trade with for added liquidity. Transfer fees depend on the currency and on which third-party app is used.

With its peer-to-peer network, Bitcoin is completely open and decentralized. Thousands of nodes in every corner of the globe communicate with each other on transactions and blocks.  As the Bitcoin network has grown and the price has risen, so has the hash rate of Bitcoin miners. This has made 51% attacks increasingly harder and more expensive to execute over the years, resulting in Bitcoin becoming more secure. If an attack were to happen, it would crash Bitcoin’s price, devaluing any Bitcoin that was stolen.

Bitcoin can be stolen if a hacker gains access to your wallet. Hackers can accomplish this in one of two ways: 1) Directly, through email 

 that give hackers access to your wallet, enabling them to transfer your Bitcoin into theirs. 2) The other way is through crypto exchanges, where hackers steal directly from custodial wallets once they gain access to the private keys.

Can Bitcoin Be Hacked by Quantum Computers?

A popular theory about the possibility of Bitcoin getting hacked involves the implementation of quantum computers. Quantum computers can perform computation with extraordinary efficiency and speed. While scientists have theorized about the possibilities of quantum computers, 

Quantum computers could dominate any crypto blockchain, and would potentially have the power to execute a 51% attack on coins such as Bitcoin. Applying their force, they could also steal the private keys of wallet addresses and confiscate any and all Bitcoin.

Bitcoin, however, is actually one of the safer systems as compared to bank accounts or credit cards. If quantum computers are indeed implemented, the entire financial system will be at risk.

To date, the biggest crypto hack happened in March 2022 when the Ronin Bridge of 

, the popular play-to-earn game, was targeted. The hackers stole a whopping $615 million worth of ETH and USDC, and although a small percentage of it was recovered within the month, the Ronin Bridge hack remains the biggest in history. The 

 hack is a close second, with $611 million stolen in August 2021.

 from being stolen. As mentioned above, the least secure wallets are hot custodial wallets because of their constant connection to the internet, and because you don't have access to your private keys. Never store your keys on a device with a connection that’s constantly on — always hold onto them. Hot custodial wallets can be hacked easily and used to access your keys.

The most secure wallets are noncustodial hardware wallets, 

. Store your private keys for these wallets by writing them down on a piece of paper and keeping the paper in a safe, also known as a paper wallet, or by using a device that uses extra encryption. Since paper wallets are easily damaged, the first method should only be temporary.

Your private keys should always be held in cold storage without a wired or wireless connection. If you want to use your 

, transfer only the keys you need for that transaction to your hot wallet, conduct the transaction, then remove the keys from the hot wallet immediately. Finally, never share your private keys with anyone if you’re uncomfortable with the risks.

A simple way to know if your wallet has been hacked is to look for any unauthorized transactions. Should this happen, it’s likely someone has gained access to your wallet.

If your wallet has been hacked, immediately create a new wallet and transfer any existing funds out of your current wallet. Be sure to check your device for viruses, such as malware, beforehand to avoid having your new wallet get hacked.

If you’re using a centralized exchange, change your login details, and ensure that you have two-factor authentication turned on. Notify the crypto exchange as soon as possible for help. They might be able to freeze your funds before they’re drained from the exchange, or offer reimbursement while they work with authorities to resolve the issue.

What’s the Safest Cold Wallet for Your Crypto Storage?

Hardware wallets are a form of cold wallets that offer the safest crypto storage. They let you keep your crypto wallet and your seed phrase offline when you don't want to trade or make a transfer. While your hardware wallet is offline, a hacker or malware still could seize the wallet.

Popular wallets such as Ledger Nano X, Trezor Model T and KeepKey allow you to authorize transactions directly from the physical device. While you do need to connect your device to the internet to trade crypto, your private keys will never be sent over. Even if the connected device or DApp is compromised, your wallet remains secure.

What’s the Least Safe Place to Store Your Crypto?

The internet is the least safe place to store your crypto. It’s possible for hackers to break into 

 on the internet. For example, someone who keeps their private keys on a cloud storage account makes the process of getting into their wallet too easy, as the only line of security for hackers to get past would be their iCloud password, especially if it’s not strong.

Also, avoid keeping your private keys on computers or phones in case of viruses, such as malware, which can pull information from your devices — even if they’re not connected to the internet.

Cryptocurrency and DeFi protocols continue to grow, and users who deposit money into crypto are growing in numbers as well. As the underlying technology of blockchains is safe and almost impossible to attack, hackers look to exploit funds directly from protocols or users themselves. Therefore, it’s important to protect your funds so you can enjoy crypto protocols with peace of mind.

Crypto Hacks: Can Cryptocurrencies Like Bitcoin Be Hacked?

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