Cryptocurrency has gained a lot of popularity over the last couple of years. Why? Because it offers you an opportunity to make payments without going through a middleman. You can also make international payments without any issues. In the wake of the FTX implosion, and Binance hack, people are more nervous than ever when investing in cryptocurrencies
In this article, I will be looking at Bitcoin (BTC) and Big Eyes Coin (BIG), two extremely secure cryptocurrencies to invest in, that you can keep safe from thieving hackers.
Bitcoin: One of the Most Secure Investments You Could Make
Thanks to blockchain technology, it is impossible for anyone to tamper with Bitcoin since all transactions are recorded publicly on the network for everyone to see. With an extremely secure method for validating transactions known as proof-of-work, it makes it impossible for hackers to create a fraudulent transaction. This is because the blockchain holds a record of transactions on the Bitcoin network, and for someone to tamper with it, they would have to change over 50% of the blockchain records that are distributed across the world in a decentralised manner. Therefore, it is impossible for the blockchain of Bitcoin to be hacked, making it a great and secure investment.
Any hacks and fraud that do occur in the cryptocurrency generally come through other means such as hackers gaining access to people’s wallets or accounts. This is why ‘cold wallets’ are very popular. They act essentially as hard drives for your cryptocurrencies. They are offline, and password protected, so no hackers can steal your cryptocurrencies online.
However, on the flip side people argue against holding crypto in a cold wallet as you are your own security, and there is no support if you forget or misplace your wallet, and this is why some people prefer to use exchanges. Whilst it is a blessing you are the sole person in control, it is also a curse. This is why it is good to put precautions in place to avoid such events happening. Although there are risks of you losing investments through human error, with the right precautionary measures, you will be able to hold your cryptocurrency holdings with no problem, and peace of mind. You have control!
Big Eyes Coin: DeFi Champion in the Making
Big Eyes Coin (BIG) is an upcoming meme token on the Ethereum network. Big Eyes Coin’s aim is to shift as much wealth into the DeFi ecosystem as possible. DeFi is quickly gaining traction in the crypto space. After the FTX implosion, many people saw firsthand the risks of holding your cryptocurrency holdings in a centralised exchange. DeFi offers an option to investors to trade and hold cryptocurrencies without the use of a centralised exchange.
Final Thoughts
Bitcoin (BTC) and Big Eyes Coin (BIG) are two extremely secure investments you can make. Always do your research before investing, but with the right setup, you can create an iron wall of security to help lock up your precious cryptocurrencies from hackers, and protect them from exchange collapses like FTX. Look into cold wallets when investing in cryptocurrencies during this crypto winter. Happy investing!
Big Eyes Coin (BIG)
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Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL