More careful on your cryptocurrency exchanges.
The risk of investing in cryptocurrencies well that we all know it already, but then there is another one of exchanges we do use to trade our coins.
How secure the exchange you are using may be.
In late 2017 an exchange in south korea filed for bankruptcy after being hacked by cyber criminals.
Of course this happened so many times to many exchanges including the some of the biggest and the allegedly secure like Binance, Bitfinex.
How fatal the attack can be and how the exchange works on minimizing risks for ity users.
credit
Most importantly I think if someone isn't using their investments to trade, it's more logical to store their funds in a wallet. Offline wallets are the most secure but at least online are more secure than exchanges.
Most Cyber criminals target exchanges as their easiest and profitable targets.
In the case of scams coming up as exchanges
Do a research about the exchange you would prefer to use.
Bitconnect had alot of hype until it closed with people's life investments and savings. Many people lost alot of money. Of course sometimes it's hard to tell but yeah a well researched decision is much better.
For a newbie
Investing in cryptocurrency is a risk already, the tools you use are more risks as well. More careful.
As always
@tesaganewton