There are many factors to take into consideration when choosing to invest in cryptocurrency and safety tends to be the issue most investors have concerns with. Some issues surrounding safety include hacking possibilities, potential security breaches and fraud. However, with an advanced network of peer-to-peer computers helping to keep records secure, the risks of fraud and other unsettling issues are greatly minimised.
Ultimately any decision to invest in cryptocurrency should be based on an analysis of the cryptocurrency’s fundamentals and risk tolerance. Let’s take a look at the safety of three popular cryptocurrencies: Big Eyes Coin, Ethereum and Binance Coin.
Binance Coin (BNB) is considered one of the top cryptocurrency exchanges in the world, with a transaction speed of 1.4 million per second. Binance is also seen as one of the most reliable and trustworthy platforms out there. The crypto giant is regulated in a vast amount of countries and its security protocols are considered the top in the industry.
Most of Binance is kept in “cold wallets”, these are considered safe as they are not connected to the internet. In the event of a potential hack the chance of a loss is reduced and Binance is unlikely to become insolvent as a result. So if the exchange was to undergo an attack, then investors can easily be reimbursed by the company.
Binance also uses Two Factor Authentication (2FA) for user account protection. The 2FA hardware is a real-time monitoring system that helps detect suspicious activity, security notifications through email, and encompasses numerous other advanced security features.
Ethereum (ETH) is a decentralised software platform using blockchain technology. Ethereum is designed to be secure. Remaining the blockchain that developers and enterprises choose time and time again.
Ethereum is considered a safe cryptocurrency with the potential risk of volatility due to the turbulence of the market.
In terms of fundamentals, Ethereum is thought to have the best on the market currently. The platform is used to launch numerous decentralized applications, whether it be DeFi, games or NFTs. So although the popular crypto may occasionally fall somewhat short in a volatile market, there is such a high demand for Ether tokens, that the currency usually leaves unharmed.
As Ethereum is one of the largest blockchain platforms, many seasoned investors believe that Ethereum is a strong investment in comparison to others. Despite its turbulent history, analysts believe that Ethereum’s price is likely to skyrocket in the long term.
Big Eyes Coin – A Secure and Smart Investment
The Big Eyes Coin (BIG) presale offers early investors an amazing opportunity to purchase this popular meme coin at a low price, in order to get a high return. The coin is already predicted to be the next big thing in the market.
Big Eyes Coin will be an entirely secure platform for users, with a smart contract that has been fully audited by Solidity Finance. The coin also offers anti-rug features, so that DeFi users can be certain that their crypto assets always remain safe.
Currently, Big Eyes Coin is offering an incredible 200% launch bonus offer, for users to take advantage of using the code LAUNCHBIGEYES200.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.