Look for specific information about security measures, storage, and insurance on any crypto platform’s website. There are no protections for crypto assets the way that your cash in the bank is protected by institutions like the FDIC, so it’s important to make sure the platforms you use are safe. The first line of defense you can make toward investing in crypto safely is choosing a secure platform from which to buy your coins. This makes the importance of safe and secure investing all the more apparent. The Poly Network incident reinforces concerns many people - and regulators - have about cryptocurrency theft and fraud.
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