An increasing number of people are buying, using or trading cryptocurrencies which makes it that much more important to know how to use and store them in a secure manner as explained in this handbook.
What will you find out:
- How and where can you securely store your cryptocurrency coins/tokens?
- How do you correctly create your personal cryptocurrency wallet (example with MyEtherWallet)?
- How do you unlock your personal cryptocurrency wallet and find its public key or address?
- How do you properly and securely store your password, keystore file and private key?
- How do you securely check the balance on your personal cryptocurrency wallet?
- How do you securely access your personal cryptocurrency wallet and exchanges?
- How to properly protect your exchange account?
- How do you securely send cryptocurrency coins/tokens?
The world has been changing with the speed of light. Every single day brings about new findings and solutions that have a significant impact on our lives, which can easily include the blockchain technology that can be used in several aspects of modern-day life.
Blockchain technology has facilitated the creation of cryptocurrencies which have been on the march since the presentation of Bitcoin in 2009 and which have experienced a real boom in less than 8 years. This facilitation resulted in the creation of a parallel and decentralised financial market that exists solely in digital form but whose nominal value can be easily transferred to our material world.
At the point of creation of this handbook, the cryptocurrency market is not yet regulated, which has been reflected in practice by highly speculative investments on the one hand and vulnerability to fraud, theft and similar adverse actions on the other, which, however, do not deter people from entering it. Quite the contrary: the potential for extremely high profits has been piquing the interest of an increasing number of investors who, at least as far as our experience has shown, too frequently forget to ensure their security by lacking the required awareness or knowledge. As such, they are preyed upon by conmen and thieves or they lose their cryptocurrency coins/tokens in part or in full.
You are ultimately responsible for the security of your cryptocurrency coins / tokens!The main purpose of this handbook is not to tell its readers in-depth on how the blockchain technology, trading, exchanges, etc. operate, but to provide basic information with a focus on security. You should consider this handbook as a driving school intended for people who want to drive along the paths of the cryptocurrency world and survive without incurring anymajor accidents, injuries or losses.
Since the number of cryptocurrencies and their storage options by far exceed the scope of this handbook, specific terms have been defined solely for the Ethereum blockchain used by the majority of cryptocurrenciesat the point of creation thereof. However, this shall not be construed as favouritism of some or disregard for other cryptocurrencies and projects, but the selection has been made solely to prevent the handbook from overflowing from data which would have made it too long and nontransparent.
