Best ways to secure your EOS/USD cryptocurrency pair trading


Today’s economy and market is on an uproar with the flourishing of cryptocurrencies. These are digital or virtual assets that you can sell, buy, or store in a crypto exchange wallet using the technology called cryptography. A wide range of cryptocurrencies is available in the market, including Bitcoins, Ethereum, EOS, Bitcoin Cash, litecoin, Cardano, and Ripple.

Trading in cryptocurrency - a profitable affair

Trading in cryptocurrency has become a widely mainstream and hugely profitable business today. The popularity of this digital investment has become far and wide. This can only be validated by the fact that today everybody is aware of the term cryptocurrency. Looking at the current economic dip, investors are ready to shell out their dollars to buy cryptocurrencies such as EOS. While the traditional currencies are taking a downfall, buyers see a profitable future with crypto assets. And hence, the trading pair EOS-USD has been booming in the market.

The EOS/USD Pair

There are many cryptocurrency and traditional currency pairs currently trading in the market. To elaborate the same, let us take an example of the EOS/USD pair. This pair trend signifies the trading of EOS against the traditional US dollars. To put in simple terms, the pair indicates the amount in dollars that you need to invest for buying 1 EOS. It is a simple barter. Currently, the ratio of EOS; USD is 1:3.12, which simply means that 1 EOS is currently sold at 3.12 USD.

You may ask why the EOS-USD crypto pair is so widely popular. The answer is simple – These digital currencies are easier and more affordable to acquire than the others. You can invest in the trade even with a few dollars in your wallet.

Now, before delving further, let us quickly take you through what a cryptocurrency is and how can you secure your digital wallet. Simply put, cryptocurrency is decentralized virtual or digital money, which is leveraged by the blockchain system.

What makes cryptocurrencies different?

Cryptocurrency is a scientific digital investment opportunity that is leverage by blockchain technology, wherein a distributed ledger Technology exempts third parties. Users have specific public and private keys stored in a wallet to access their cryptocurrencies.

Key features of cryptocurrency

The three key features of cryptocurrencies include:

  • Decentralization
  • Transparency
  • Immutability

Even though decentralization lowers the different processes and processing fees, it increases the chances of getting your account hacked. The security of the coins is completely your responsibility. This makes investors worry about the safety of their coins.

If you are one of those investors who spend sleepless nights over the safety of your coins, we have got you covered!

The biggest question about the security of this digital currency is how you can take measures to secure your crypto assets. We have compiled a few essential tips and voila! You are set! Take a look at the best tips to secure your cryptocurrency with ease.

• Securing the wallets

While you trade with the different cryptocurrency pairs, including EOS/USD, you need to select a secured wallet to secure the assets. Those wallets which encrypt the private keys provide a safer and better experience. You may even buy a cryptocurrency hardware wallet to store these digital assets safely. Some of the popular cryptocurrency hardware wallets include KeepKey, Ledger (Nano S), and Trezor.

• Validating with strong two-factor authentication (2FA)

To add a second layer of security to your account, you should enable two-factor authentication. This is the best security option for you while dealing with EOS/USD pair or any other crypto asset. However, before uploading any funds, you need to ensure that it is working properly.

• Using strong and difficult passwords

This is one of the key protection measures that you should use for encrypting your wallet. You can use a blend of special symbols, uppercase, and lowercase letters and numbers to generate a strong password. You may take help from password generators such as KeePass and LastPass.

Also, try to store your password offline, preferably on a piece of paper on a safer side.