Cryptocurrency is not just digital money, but the key to financial independence. However, as with any asset, security plays a crucial role here. One wrong move and your funds could end up in the hands of fraudsters or simply disappear forever.

Mistakes in storing cryptocurrency are costly, but they can be avoided if you know how to properly protect your assets. Let’s analyze 5 common mistakes and see how DexSafe helps you deal with them.

🚨 Mistake #1: Keeping cryptocurrency on an exchange

Many users leave funds on exchanges, thinking it’s convenient and safe. But in reality, exchange accounts don’t give you full control over your assets.

Why is it dangerous?

• The possibility of hacking. Even the largest stock exchanges are not immune to hacking attacks. Millions of dollars in cryptocurrency have been stolen in recent years.

• Account freezing. An exchange can block your funds due to technical issues, regulatory requirements, or suspected “questionable activity.”

• Platform closure. History knows many cases when exchanges suddenly stopped working and users lost access to their coins.

✅ Solution: DexSafe

DexSafe is a non-custodial wallet, which means only you own the private keys. No one can freeze or write off your assets, and all transactions are only done with your permission.

🚨 Mistake #2: Losing access to your wallet

Imagine: you log in to your wallet, but it asks for a password you forgot. And you don’t have a backup….. This could mean that your cryptocurrencies are lost forever.

Why does this happen?

• Losing your password or PIN.

• Deleting your wallet without a backup.

• Breakage or loss of the device on which the wallet was installed.

✅ Solution: DexSafe

When you create a wallet in DexSafe, you are generated a 12–24 word cid-phrase. This is your key to regain access to your assets. Write it down on paper and keep it in a safe place — then even if you lose your device, you will be able to restore your wallet.

IMPORTANT: DexSAFE has a unique feature — passphrase. This feature is in the advanced settings and provides another level of protection.

🚨Mistake #3: Using weak passwords

Many users don’t think about the strength of their passwords, and for nothing. A weak password is like a door without a lock: anyone can come in and take your money.

What passwords are dangerous?

• Simple combinations: 123456, qwerty, password.

• Using the same password for different services.

• Storing your password in notes on your phone or in the cloud.

✅ Solution: DexSAFE

In DexSAFE in addition to a personal PIN code to protect access, you can enable biometric authentication — login by fingerprint or face scanning.

🚨 Mistake #4: Lack of protection against forced access

In some situations, users may find themselves under pressure — for example, if someone demands to unlock their wallet.

Why it matters.

• In the real world there are threats where the wallet owner may be forced to unlock access to assets.

• Conventional wallets don’t offer solutions for such situations.

✅ Solution: DexSafe

In unforeseen circumstances where you feel threatened or forced to unlock your wallet under pressure, the Duress Mode feature will help protect your funds.

This mode is activated by entering a special PIN code that is different from the main one. Depending on your presets, Duress Mode can:

• Automatically lock your wallet, preventing access to your funds.

• Send assets to a pre-specified secure address, keeping them safe.

The Duress Mode feature is an additional layer of security to help you keep your funds safe in a critical situation.

🚨 Mistake #5: Storing private keys in unsafe locations

A private key is the only access to your cryptocurrencies. If it gets stolen, it will be nearly impossible to get your assets back.

Where should I not store private keys?

• In cloud storage (Google Drive, iCloud).

• In notes on your phone or computer.

• In messengers and emails.

✅ Solution: DexSafe

DexSAFE does not store your private keys on servers — they stay only with you. This eliminates data leaks and protects your assets from attackers.

Conclusion

Cryptocurrency security is not only a matter of technology, but also of your attentiveness. Mistakes are costly, but they can be avoided:

✔️ Store assets in a non-custodial wallet — this is the only way you will remain their sole owner.

✔️ Always keep a passphrase — it is impossible to recover your wallet without it.

✔️ Use strong passwords and biometrics — this will protect you from hacking.

✔️ Think about protection against forced access — Duress Mode function will help you in an emergency.

✔️ Never store private keys online — paper or a hardware device is more secure.

DexSafe is designed to put the security of your assets first.

Download ⬇️ DexSafe 📱 Android or 📱 IOS a and control your cryptocurrency without compromise!