10 Essential Tips for Protecting Yourself When Selling Bitcoin
Here are 10 essential tips for protecting yourself when selling Bitcoin: Use Trusted Platforms Always sell your Bitcoin on reputable exchanges or peer-to-peer (P2P) platforms with strong security features, such as two-factor authentication (2FA) and encrypted communications. Enable Two-Factor Authentication (2FA) Enhance your account's security by enabling 2FA. This adds an extra layer of protection by requiring a second form of verification, making it harder for unauthorized users to access your account. Check Buyer Reputation If selling on a P2P platform, review the buyer's reputation, past transaction history, and feedback ratings to ensure they have a good track record. Use Escrow Services Opt for transactions where an escrow service holds the Bitcoin until both parties confirm the deal. This helps protect both the seller and buyer in case of disputes. Avoid Public Wi-Fi Avoid selling Bitcoin when connected to public or unsecured Wi-Fi networks, as ha...