The feeling of cryptocurrency seems exciting and very hazardous to people, mainly the beginners and seniors of society, who feel quite unaccustomed to such virtual investments. But the thing is, crypto can be quite safe and secure for all, including seniors if precautions are met.

You will find it quite simple to go through the world of cryptocurrency while keeping your assets protected by following a few necessary security tips.

Following are five easy yet powerful ways to keep your crypto investments safe.

1. Use trusted exchanges

The first thing one needs to do to secure one’s cryptocurrency is to pick a good exchange. For example, well-known exchanges such as CEX.IO and KuCoin implement multiple layers of security features, including encryption, regulated compliance, and 2FA. That said, these companies are highly reputed for the protection of users’ funds and personal information. When choosing an exchange, it is highly recommended that you ensure it has SSL encryption and is compliant with regulations, or at least has a secure withdrawal process for keeping your transactions safe.

Remember: Never use unknown or unverified exchanges, since they may be highly risky.

2. Enable 2FA

Think of 2FA like a second lock on your crypto “vault.” It isn’t just your password that’s keeping your account safe-2FA adds an additional layer of protection by requesting a code from your phone or an app before anyone accesses your funds. Should someone guess your password, they will not get inside without this extra step. That’s like a security alarm for your money! Always enable 2FA and give your account that extra shield of safety.

3. Transfer to cold wallets for long-term storage

Think of a cold wallet, when it comes to keeping your crypto safe, just like a personal safe in your home; it is offline and out of reach from any would-be hackers. Sure, hot wallets-online ones-are going to be easier to access for quick transactions. But for long-term storage of your assets, cold wallets are the bomb. Operating wholly offline, they offer much greater security of your retirement nest egg.

4. Avoid phishing scams

Scammers are becoming more ingenious, so one needs to outsmart them all the time. Most times, phishing scams take the forms of sham emails or websites that look real enough but created particularly to get hold of your login credentials. Always double-check on the website URL before entering any information, and never click on the links coming from emails that may appear suspicious. If in doubt, go directly to the website by keying the URL yourself. Better be safe than sorry!

5. Safeguard private keys – and beware of suspicious calls

The private key is the password to your vault, and nobody should ever lay hands on it. It should be safely kept, written somewhere offline in a very secure place. Also, be suspicious when someone calls you, claiming to represent the crypto service. Quite often, scammers make calls for support or assistance, which are intended to rip off important information from you. No company will ever ask for your private keys over the phone, so hang up if something doesn’t feel right!

This article was aided in writing by AI and edited and reviewed by our editor.